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Commerce Questions for Competitive Exams
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Commerce Questions for Competitive Exams
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1. If government spending is increased by Rs. 700 and taxes are increased by Rs. 700 the equilibrium level of income will-“
2. The slope at any point on an indifference curve is known an-“
3. Which one of the following is not one of the elements of the 7S McKinsey Model for analyzing and improving organizational effectiveness ?
4. What is the amount of gross profit or loss when-“ Cost of Goods sold = 7900 Sales = 11000 Purchases = 3000
5. Members of a company may apply to which one among the following for relief under the Companies Act - 1956 in cases of oppression ?
6. In a free market economy the allocation of resources is deter-mined by-“
7. Depreciation is a process of which one of the following ?
8. 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-“
9. The crucial determinant of the size of the market is-“
10. In foreign trade - what is the price quoted by a supplier which includes all charges incurred up to door delivery of goods to the buyer - called ?
11. 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-“
12. What is the new ratio among X - Y and Z ?
13. During a period of rising prices - which inventory pricing method will result in lower total current assets-“
14. Time series deals with-“
15. Which of the following is not viewed as a national debt?
16. The opportunity cost of holding money is determined by-“
17. The function of staff in line the staff organization is-“
18. 'Control' function of management cannot be performed without-“
19. 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 ?
20. For how many years the books of accounts of a company have to be preserved in good order ?
21. 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-“
22. Which of the following is an economic barometer-“
23. What is Capital Redemption Reserve Account available for ?
24. According to Income Tax Act which of the following are agricultural incomes-“
25. Which one of the following has replaced the Budla system in India ?

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