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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. First of all - the Income Tax Act was passed in independent India-“
2. Classification of employees according to education and skill is called-“
3. Members of a company may apply to which one among the following for relief under the Companies Act - 1956 in cases of oppression ?
4. The policy that has been the most successful in increasing agricultural output in developing country is-“
5. The crucial determinant of the size of the market is-“
6. Which one of the following transactions changes the current ratio ?
7. What is cross rate ?
8. Which one of the following is not an element of direction ?
9. 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-“
10. A partner in a firm-“
11. Which one of the following statements is correct ?
12. Net profit after tax of Rs. 2 - 00 - 000 is Rs. 4 - 00 - 000. Share capital is Rs. 8 - 00 - 000 and revenue reserve is Rs. 2 - 00 - 000. What is rate of return on equity ?
13. What does management audit imply ?
14. National income in India is estimated by-“
15. According to Income Tax Act which of the following are agricultural incomes-“
16. If the cost of goods sold is Rs. 1 - 20;000 and the rate of gross loss is Rs. ¼ of sales the amount of sales is-“
17. The internal auditor of a joint stock company-“
18. What is the renewal fees paid for a patent right ?
19. The main drawback of functional organization developed by Taylor is that it fails to recognise-“
20. Which of the following is an economic barometer-“
21. Under which of the following methods of depreciation the amount of an asset is never reduced to zero ?
22. Assuming there is no government or foreign sector - if the MPC is 0.8 - the multiplier is-“
23. What does payout ratio mean ?
24. The existence of a joint stock company is interrupted by-“
25. In an open economy - the national income (Y) of the economy is (C - I - G - X - M stand for Consumption - Investment - Government expenditure - total exports and total imports respectively)-“

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