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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. What is an organization structure in which each employee reports to both a functional (or division) manager and to a project (or group) manager - known as ?
2. What is the new ratio among X - Y and Z ?
3. What is reduction of paid-up share capital called ?
4. Which one of the following transactions changes the current ratio ?
5. The function of staff in line the staff organization is-“
6. A firm's average total cost is Rs. 30 at 5 units of output and Rs. 32 at 6 units of output. The marginal cost of producing 6th units is-“
7. Which of the following committees examined and suggested Financial sector reforms in India-“
8. In case of individual assessee - surcharge shall be levied only when income exceeds the following amount-“
9. Closing stock Rs. 53 - 400 cost of Goods sold Rs. 75 - 000 - Gross profit Rs. 5 - 000 - Purchases Rs. 82 - 000 What is the amount of opening stock-“
10. Assets of a business are Rs. 21315 and liabilities Rs. 4 - 120. What is the amount of owner's equity?
11. The term fixed assets include-“
12. Under which of the following methods of depreciation the amount of an asset is never reduced to zero ?
13. According to force-field theory - every behaviour is the result of equilibrium between which of the following ?
14. What does payout ratio mean ?
15. Which of the following is an economic barometer-“
16. Asset cost Rs. 21 - 000 Scrap value Rs. 1 - 000 Depreciation rate 10% p. a. What is the amount of depreciation for the first year if straight line method is used ?
17. Share of partner in the income of partnership firm shall be-“
18. The total sum of the goods and services produced within a country in a year minus depreciation is called the-“
19. During a period of rising prices - which inventory pricing method will result in lower total current assets-“
20. The break even point is the point at which-“
21. Monopolist can determine-“
22. 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?
23. Expenses need to be recorded in the period in which the associated revenues are recognised. This is to be ensured as per which one of the following accounting principles ?
24. 'Control' function of management cannot be performed without-“
25. If average cost is falling then-“

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