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Past Years Commerce Questions Set -3
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Past Years Commerce Questions Set -3
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25 Questions

1. According to force-field theory every behaviour is the result of equilibrium between which of the following ?
2. What is Capital Redemption Reserve Account available for ?
3. Which one of the following transactions changes the current ratio ?
4. Which of the following represents corporate sustainable reporting ?
5. 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 ?
6. Which among the following is eligible to issue Shelf Prospectus ?
7. What is Director Identification Number (DIN) ?
8. What does management audit imply ?
9. Some organizations have escalator clause in their labour agreements. What does this clause provide for ?
10. Which one of the following statements is correct ? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity it would
11. Life insurance is a contract of which one of the following ?
12. Which one of the following statements is correct ?
13. According to the Accounting Standard (AS)-2 the inventory is to be valued at which one of the following ?
14. Which of the following is affected by treatment of an accrued item in accounting ?
15. Members of a company may apply to which one among the following for relief under the Companies Act 1956 in cases of oppression ?
16. What is a systematic evaluation of a company's activities in a given area of social interest such as environmental protection workplace safety or community involvement called ?
17. Which of the following is not a feature of bonds ?
18. Net profit after tax of Rs. 200000 is Rs. 400000. Share capital is Rs. 800000 and revenue reserve is Rs. 200000. What is rate of return on equity ?
19. What is outsourcing of production and concentrating on marketing operations in international business known as ?
20. Under which one of the following is the term -˜Dominant Undertaking-™ defined ?
21. 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 ?
22. What is reduction of paid-up share capital called ?
23. What is the renewal fees paid for a patent right ?
24. Which of the following companies do not have the obligation to get its Articles of Association registered along with the Memorandum of Association ?
25. For how many years the books of accounts of a company have to be preserved in good order ?

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