Past Years Commerce Questions
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 13% Most missed: “From the information given below calculate Debt service coverage Ratio-” Net pro…”
Past Years Commerce Questions
Time left 00:00
25 Questions

1. Which institution is known as the -˜Soft Loan Window-™ of World Bank ?
2. The Section 80A of the Companies-™ Act is related with the redemption of-”
3. Internal check means-”
4. The following data relates to manufacturing company for the year 2006-07-” Net Profit as per P & L A/c-”Rs. 240000; Depreciation-”Rs. 80000; Goodwill written-off-”Rs. 40000 Profit on Sale of Fixed Assets-”Rs. 16000 Proposed Dividend-”Rs. 96000. The fund from operation would be-”
5. To appoint new auditor in place of retiring auditor to adopt the procedure which section of Companies-™ Act 1956 is applicable ?
6. The Essence of Control is-”
7. The first Stock Exchange in India was established in-”
8. By whom from the following auditor can be reappointed ?
9. The object of -˜Agenda-™ is to inform-”
10. 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-”
11. Final accounts prepared in narrative style are in-”
12. In Balance Sheet Audit Accounts are audited-”
13. A fire occurred in the premises of -˜M-™ Ltd. on 30th September 2007. The stock was destroyed except to the extent of Rs. 10000. From the information given below calculate the value of stock burnt by fire on 30th September 2007. Stock on 1st April 2006 Rs. 90000 Purchases less returns during 2006-07-”1000000 Sales less returns during 2006-07 1500000; Stock on 31st March 2007-”180000 Purchases less returns from 1st April 2007 to 30th September 2007 700000. Sales less returns from 1st April 2007 to 30th September 2007 1000000. It was the practice of the company to value stock less 10%-”
14. In -˜Direction-™ who is given importance ?
15. Who is Father of Scientific Management ?
16. Verification includes-”
17. Current Ratio is 3-¢75 Acid Test Ratio is 1-¢25 Stock Rs. 375000 calculate working capital.
18. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel.- This statement shows the-”
19. As per Schedule VI of the Companies-™ Act 1956 Forfeited Share Account will be-”
20. V. V. Bros. purchased a machine on 1st October 2003 at cost Rs. 270000 and spent Rs. 30000 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. 190000. How much amount will be transferred to P & L A/c as loss on sale of machinery ?
21. In Need Hierarchy Theory of Abraham H. Maslow Self Actualisation needs are at level-”
22. The first Secretary of the company is appointed by-”
23. -œOrganisation is the foundation of management.- This statement is given by-”
24. For calling the Extraordinary General Meeting a clear notice of -¦-¦-¦ days must be given to all the members.
25. Contents of Marine Insurance include-”