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Past Years Commerce Questions
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Past Years Commerce Questions
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25 Questions

1. Managerial Planning is a-”
2. Under Section 275 of the Companies-™ Act 1956 a person can become director in public company of not more than-”
3. Ploughing-back of profits means-”
4. -¦-¦-¦ has been founded to act as permanent watchdog on the international trade.
5. A company invited application for subscription of 5000 shares. The application were received for 6000 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. Accounting for Intangible Assets are related to-”
7. Audit adopted by banking company is-”
8. The number of subordinates a superior can effectively handle is called-”
9. If the goods purchased are in transit then the Journal Entry at the end of the period will be-”
10. In a public company the minimum number for having a Quorum in a meeting is-”
11. What of the following is false about W.T.O. ?
12. For calling the Extraordinary General Meeting a clear notice of -¦-¦-¦ days must be given to all the members.
13. The capital issues of public limited companies are subject to guidelines issued by-”
14. If the current ratio is 2 current assests are worth Rs. 1600 if current ratio is not allowed to fall below 1-¢5 how much additional can be borrowed by the company on the short term basis ?
15. In -˜Direction-™ who is given importance ?
16. Which institution is known as the -˜Soft Loan Window-™ of World Bank ?
17. Which of the following have lien of Company Auditor ?
18. A meeting of the shareholders held only once during the life time of the company is known as-”
19. Company Auditor is responsible-”
20. -œOrganisation is a Management Process by which people functions and physical factors are brought together to form a controllable unit.- This definition is given by-”
21. The Essence of Control is-”
22. In order to reduce the risk of heavy insurance the insurer passes on some business to the other company it is called-”
23. \"I took the order for 5000 units at Rs. 50 each because I got more than the cost incurred to produce them said the Works Manager and produced the following figures— Particulars Before accepting the order After accepting the order Rs. Rs. Variable costs 250000 400000 Fixed costs 750000 851000 Total costs 1000000 1251000 Cost/unit 40 41•70 Analyse the above figures and the decision taken. Acceptance of this offer has
24. The basic aim of Securities and Exchange Board of India (SEBI) is to-”
25. A public company can start its business operations after getting-”

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