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Commerce Questions for Competitive Exams
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Commerce Questions for Competitive Exams
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25 Questions

1. A valid definition of a business purpose is to-“
2. Which of the following should not be considered in a make or buy decision ?
3. Which of the following is an economic barometer-“
4. National income in India is estimated by-“
5. Which of the following is not a part of the usual contents of the current file and audit working papers ?
6. The break even point is the point at which-“
7. Who is called the Father of Economics?
8. Net profit after tax of Rs. 2 - 00 - 000 is Rs. 4 - 00 - 000. Share capital is Rs. 8 - 00 - 000 and revenue reserve is Rs. 2 - 00 - 000. What is rate of return on equity ?
9. Which of the following is not a feature of bonds ?
10. Business means-“
11. Which one of the following is not one of the elements of the 7S McKinsey Model for analyzing and improving organizational effectiveness ?
12. According to the Accounting Standard (AS)-2 - the inventory is to be valued at which one of the following ?
13. The existence of a joint stock company is interrupted by-“
14. What is reduction of paid-up share capital called ?
15. To which one of the following aspects does an established pattern of relationships among the components of an organization refer ?
16. In foreign trade - what is the price quoted by a supplier which includes all charges incurred up to door delivery of goods to the buyer - called ?
17. Cash received from debtors is Rs. 12 - 000 and furniture purchased is Rs. 7 - 000. What is the net effect on the flow of funds?
18. The crucial determinant of the size of the market is-“
19. Under which principle - all the rights of an insured are transferred to insurance company after making payment of claim ?
20. How will you measure development of people ? -
21. When cash is Rs. 10 - 000 - stock Rs. 25 - 000 - investments Rs. 5 - 000 and creditors Rs. 22 - 000 and bank over-draft Rs. 8 - 000 - the current ratio is-“
22. When quick ratio is 1.5 : 1 and the amount of quick assets Rs. 30 - 000 - what is the amount of quick liabilities?
23. Some organizations have escalator clause in their labour agreements. What does this clause provide for ?
24. What does payout ratio mean ?
25. Life insurance is a contract of which one of the following ?

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