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Past Years Commerce Questions Set - 4
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Past Years Commerce Questions Set - 4
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25 Questions

1. Rate of Gross Profit on cost is 25%. Total sales is Rs. 100000 and Average Stock is Rs. 160000. Stock Turnover Ratio will be-”
2. What of the following is false about W.T.O. ?
3. Due to coordination-”
4. For calling the Extraordinary General Meeting a clear notice of -¦-¦-¦ days must be given to all the members.
5. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel." This statement shows the-”
6. The basic aim of Securities and Exchange Board of India (SEBI) is to-”
7. R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 400000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by-”
8. The capital issues of public limited companies are subject to guidelines issued by-”
9. If the goods purchased are in transit then the Journal Entry at the end of the period will be-”
10. Which of the following statement is correct ?
11. Depletion method of depreciation is used in case of-”
12. The following particulars relate to manufacturing factory for the month of March 2008. Variable cost per unit Rs. 11; Fixed factory overhead Rs. 540000; Fixed selling overhead Rs. 252000; Variable selling cost Rs. 3; Sales Price per unit Rs. 20. Find out the Break-Even Point in rupees-”
13. The following figures are presented to you-” Year Sales Profit/Loss 1999 Rs. 100000 Rs. 10000 (Loss) 2000 Rs. 250000 Rs. 20000 (Profit) Calculate Profit Volume Ratio.
14. A company made the purchases of an item during its financial year. January 2007 200 @ Rs. 50 each May 2007 400 @ Rs. 60 each August 2007 600 @ Rs. 70 each Novem- 2007 300 @ Rs. 80 each ber Closing inventories were 500 articles. Find out the value of closing stock as per Weighted Average Method-”
15. The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as-”
16. Managerial Planning is a-”
17. In Need Hierarchy Theory of Abraham H. Maslow Self Actualisation needs are at level-”
18. The following data are provided to you. Fixed cost - Rs. 20000; Selling price per unit - Rs. 25 Variable cost per unit - Rs. 20. Find out selling price per unit if B.E.P. is brought down to 2000 units.
19. Ploughing-back of profits means-”
20. Who is Father of Scientific Management ?
21. Contents of Marine Insurance include-”
22. A fire occurred in the premises of -˜M-™ Ltd. on 30th September 2007. The stock was destroyed except to the extent of Rs. 10000. From the information given below calculate the value of stock burnt by fire on 30th September 2007. Stock on 1st April 2006 Rs. 90000 Purchases less returns during 2006-07-”1000000 Sales less returns during 2006-07 1500000; Stock on 31st March 2007-”180000 Purchases less returns from 1st April 2007 to 30th September 2007 700000. Sales less returns from 1st April 2007 to 30th September 2007 1000000. It was the practice of the company to value stock less 10%-”
23. Increase in fixed asset due to purchase is-”
24. Out of the following forms which form of organisation is the oldest one ?
25. According to ownership Government Company means -¦-¦-¦ share.