Home > CompTIA Network+ Certification Exam > Quizzes > Commerce Questions for Competitive Exams
Commerce Questions for Competitive Exams
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 21% • Most missed: “A firm has a variable cost of Rs. 100 at 5 units of output. If fixed cost is Rs.…”
Commerce Questions for Competitive Exams
Time left 00:00
25 Questions

1. Investment according to Keynesian theory is-“
2. Year ending on March 31st immediately prior to assessment year is called-“
3. The term fixed assets include-“
4. The existence of a joint stock company is interrupted by-“
5. Life insurance is a contract of which one of the following ?
6. X Ltd. forfeited. 30 shares of Rs. 10 each fully called up for non payment of allotment money of Rs. 3 per share and call money of Rs. 4 per share. These shares are re-issued for Rs. 8 per share fully paid. What is the amount to be transferred to capital reserve account.
7. The total sum of the goods and services produced within a country in a year minus depreciation is called the-“
8. Which of the following goods or services could not be provided by a pure free market economy-“
9. The agricultural income is exempt under the following section of IT Act-“
10. 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-“
11. Closing stock Rs. 53 - 400 cost of Goods sold Rs. 75 - 000 - Gross profit Rs. 5 - 000 - Purchases Rs. 82 - 000 What is the amount of opening stock-“
12. A firm's average total cost is Rs. 30 at 5 units of output and Rs. 32 at 6 units of output. The marginal cost of producing 6th units is-“
13. Cost volume profit analysis is based on several assumptions which of the following is not one of these assumptions-“
14. In case of individual assessee - surcharge shall be levied only when income exceeds the following amount-“
15. During a period of rising prices - which inventory pricing method will result in lower total current assets-“
16. The burden of tax falls more heavily on the seller in a market when-“
17. 'Control' function of management cannot be performed without-“
18. The slope at any point on an indifference curve is known an-“
19. Asset cost Rs. 21 - 000 Scrap value Rs. 1 - 000 Depreciation rate 10% p. a. What is the amount of depreciation for the first year if straight line method is used ?
20. Which of the following is not viewed as a national debt?
21. Under which principle - all the rights of an insured are transferred to insurance company after making payment of claim ?
22. Any balance in the share forfeiture account after all the forfeiture shares are re-issued should be-“
23. Monopolist can determine-“
24. Share of partner in the income of partnership firm shall be-“
25. A limited company makes a net profit of Rs. 2 - 00 - 000 after writing off preliminary expenses amounting to Rs. 20 - 000 and providing for depreciation on assets amounting to Rs. 40 - 000 and gain of Rs. 10 - 000 on sale of a piece of machinery. What are the funds from operation ?

⚡ Recently practiced quizzes in this topic
Live quiz activity
Comptia Network Fundamentals CompTIA Network+ N10-008 Exam: Network Troubleshooting CompTIA Network+ Exam Practice Questions Exam N10-006: CompTIA Network+ CompTIA Network+ N10-008 Exam: Network Implementations N10-007: CompTIA Network+ Certification Exam - Practice Test 2 Mobility+ Glossary CompTIA Network Security (A7l1) N10-007: CompTIA Network+ Certification Exam CompTIA Network+ N10-008 Exam: Cloud Computing Concepts and Options
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.