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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. The basic aim of Securities and Exchange Board of India (SEBI) is to-”
2. A public company can start its business operations after getting-”
3. It is given that cost of stock is Rs. 100. However - its market price is Rs. 98 (buying) and Rs. 140 (selling). If the market price is interpreted as the replacement cost - then the stock should be valued at-”
4. By whom from the following - auditor can be reappointed ?
5. A company invited application for subscription of 5 - 000 shares. The application were received for 6 - 000 shares. The shares were allotted on pro-rata basis. If X has applied for 180 shares how many shares would be allotted to him ?
6. Internal check means-”
7. The following data are provided to you. Fixed cost - Rs. 20 - 000; 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 2 - 000 units.
8. For the purpose of preparation of fund flow statement - fund means-”
9. Social Accounting means-”
10. Verification includes-”
11. Who is Father of Scientific Management ?
12. The minimum paid-up share capital for a public company shall be-”
13. The first Secretary of the company is appointed by-”
14. An annual general meeting may be called after giving shorter notice instead of 21 clear days - if consent is accorded by-”
15. -˜Carrot and Stick-™ principle is given in Theory-”
16. What of the following is false about W.T.O. ?
17. Share premium account can be used for-”
18. Average stock of firm is Rs. 80 - 000 - the opening stock is Rs. 10 - 000 less than closing stock. Find opening stock.
19. Which - institution is known as the -˜Soft Loan Window-™ of World Bank ?
20. 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-”
21. Final accounts prepared in narrative style are in-”
22. Among the following which is not an error of commission ?
23. -¦-¦-¦ has been founded to act as permanent watchdog on the international trade.
24. Consider the following information pertaining to K Ltd. on September 4 - 2005 - the company issued 12 - 000 7% debentures having a face value of Rs. 100 each at a discount of 2-¢5%. On September 12 - the company issued 25 - 000 preference shares of Rs. 100 each. On September 29 - the company redeemed 30 - 000 preference shares of Rs. 100 each at a premium of 5% together with one month dividend @ 6% p.a. thereon. Bank balance on August 31 - 2005 was Rs. 30 - 00 - 000. After effecting the above transaction - the Bank Balance as on September 30 - 2005 will be-”
25. The Essence of Control is-”