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Past Years Commerce Questions - Set 5
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Past Years Commerce Questions - Set 5
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25 Questions

1. In Need Hierarchy Theory of Abraham H. Maslow - Self Actualisation needs are at level-”
2. In case of Board Meetings the Quorum must be present-”
3. -¦-¦-¦ has been founded to act as permanent watchdog on the international trade.
4. Appointment of full time Company Secretary is compulsory in all those companies - whose paidup share capital is-”
5. Social Accounting means-”
6. Articles of Association can be altered by passing-”
7. Internal activity of a company is going to be performed according to established regulations. This assumption is provided as a right by-”
8. Which of the following statement is correct ?
9. A fire occurred in the premises of -˜M-™ Ltd. on 30th September - 2007. The stock was destroyed except to the extent of Rs. 10 - 000. From the information given below - calculate the value of stock burnt by fire on 30th September - 2007. Stock on 1st April 2006 - Rs. 90 - 000 - Purchases less returns during 2006-07-”10 - 00 - 000 - Sales less returns during 2006-07 - 15 - 00 - 000; Stock on 31st March - 2007-”1 - 80 - 000 - Purchases less returns from 1st April 2007 to 30th September 2007 - 7 - 00 - 000. Sales less returns from 1st April - 2007 to 30th September 2007 - 10 - 00 - 000. It was the practice of the company to value stock less 10%-”
10. Accounting for Intangible Assets are related to-”
11. The capital issues of public limited companies are subject to guidelines issued by-”
12. In common size Balance Sheet analysis we evaluate-”
13. Net Profit as per P & L A/c-”Rs. 2 - 40 - 000; Depreciation-”Rs. 80 - 000; Goodwill written-off-”Rs. 40 - 000 - Profit on Sale of Fixed Assets-”Rs. 16 - 000 - Proposed Dividend-”Rs. 96 - 000. The fund from operation would be-”
14. The balance appearing in the books of a company at the end of year were CRR A/c Rs. 50 - 000 - Security Premium Rs. 5 - 000 - Revaluation Reserve Rs. 20 - 000 - P & L A/c (Dr) Rs. 10 - 000. Maximum amount available for distribution of Bonus Share will be-”
15. The first Secretary of the company is appointed by-”
16. Price earning ratio is 83-¢33% and E.P.S. is Rs. 30. The market price of equity share will be-”
17. A public company can start its business operations after getting-”
18. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel.- This statement shows the-”
19. What of the following is false about W.T.O. ?
20. As per Schedule VI of the Companies-™ Act - 1956 - Forfeited Share Account will be-”
21. Ploughing-back of profits means-”
22. Depletion method of depreciation is used in case of-”
23. The present World Economic Depression first of all - started from which country ?
24. The following particulars relate to manufacturing factory for the month of March 2008. Variable cost per unit Rs. 11; Fixed factory overhead Rs. 5 - 40 - 000; Fixed selling overhead Rs. 2 - 52 - 000; Variable selling cost Rs. 3; Sales Price per unit Rs. 20. Find out the Break-Even Point in rupees-”
25. Contents of Marine Insurance include-”