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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. Which of the following is an extractive industry?
2. If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes - then blue jeans and tennis shoes are-“
3. The burden of tax falls more heavily on the seller in a market when-“
4. Government grants related to income as per the Accounting Standard (AS)-12 should be-”
5. Mean -“ mode = 3 (mean -“ -¦)-“
6. If the cost of goods sold in Rs. 1 - 20 - 000 and the rate of gross is 1/4 on sales - the amount of sales is-“
7. Which among the following is eligible to issue Shelf Prospectus ?
8. In case of inferior goods the income elasticity of demand is-“
9. Expenditure incurred by a publisher for acquiring copyrights is a-“
10. Which of the following is not viewed as a national debt?
11. Which of the following assets in usually not depreciated-“
12. During a period of rising prices - which inventory pricing method will result in lower total current assets-“
13. 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 ?
14. The total sum of the goods and services produced within a country in a year minus depreciation is called the-“
15. Which one of the following statements is correct ? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity - it would
16. Any balance in the share forfeiture account after all the forfeiture shares are re-issued should be-“
17. Opening stock Rs. 15000 Purchases Rs. 40000 Cost of golds sold Rs. 52000 Sales Rs. 57000 What is the amount of gross profit or loss-“
18. Assets of a business are Rs. 21315 and liabilities Rs. 4 - 120. What is the amount of owner's equity?
19. Given net profit Rs. 1 - 50 - 000 - preference dividend Rs. 25 - 000 taxes Rs. 10 - 000 - Equity capital (Rs.10 each) - Rs. 10 - 00 - 000 what is the Earning per share (EPS)-“
20. Who is called the Father of Economics?
21. The main drawback of functional organization developed by Taylor is that it fails to recognise-“
22. Which of the following is affected by treatment of an accrued item in accounting ?
23. For how many years the books of accounts of a company have to be preserved in good order ?
24. Interest on single savings account in post office is exempt upto the following limit-“
25. Which of the following is an economic barometer-“

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