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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. In -˜Direction-™ who is given importance ?
2. Convertibility of the rupee implies-”
3. -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-”
4. The number of subordinates a superior can effectively handle is called-”
5. Average stock of firm is Rs. 80 - 000 - the opening stock is Rs. 10 - 000 less than closing stock. Find opening stock.
6. Appointment of a person who is a Director - as a Secretary in the Company would require approval of the company by-”
7. In Balance Sheet - Audit Accounts are audited-”
8. Recording of capital contributed by the owner as liability ensures the adherence of principle of-”
9. V. V. Bros. purchased a machine on 1st October - 2003 at cost Rs. 2 - 70 - 000 and spent Rs. 30 - 000 on its installation. The firm written off depreciation 10% per annum on original cost every year. The books are closed on 31st March every year. The machine is sold on 30 September - 2006 for Rs. 1 - 90 - 000. How much amount will be transferred to P & L A/c as loss on sale of machinery ?
10. Net Profit as per P & L A/c-”Rs. 2 - 40 - 000; Depreciation-”Rs. 80 - 000; Goodwill written-off-”Rs. 40 - 000 - Profit on Sale of Fixed Assets-”Rs. 16 - 000 - Proposed Dividend-”Rs. 96 - 000. The fund from operation would be-”
11. By whom from the following - auditor can be reappointed ?
12. -œA body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it.- It is called-”
13. R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 4 - 00 - 000. 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-”
14. Accounting for Intangible Assets are related to-”
15. -˜Carrot and Stick-™ principle is given in Theory-”
16. Internal check means-”
17. The minimum paid-up share capital for a public company shall be-”
18. In a public company the minimum number for having a Quorum in a meeting is-”
19. The Section 80A of the Companies-™ Act is related with the redemption of-”
20. Who is Father of Scientific Management ?
21. Articles of Association can be altered by passing-”
22. Which is not a insurable risk ?
23. The Life Insurance in India was nationalised in the year-”
24. Which - institution is known as the -˜Soft Loan Window-™ of World Bank ?
25. The basic aim of Securities and Exchange Board of India (SEBI) is to-”

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