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Past Years Commerce Questions Set - 4
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Past Years Commerce Questions Set - 4
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25 Questions

1. In case of Board Meetings the Quorum must be present-”
2. Verification includes-”
3. Rate of Gross Profit on cost is 25%. Total sales is Rs. 100000 and Average Stock is Rs. 160000. Stock Turnover Ratio will be-”
4. The present World Economic Depression first of all started from which country ?
5. 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-”
6. Contents of Marine Insurance include-”
7. The basic aim of Securities and Exchange Board of India (SEBI) is to-”
8. -œOrganisation is the foundation of management." This statement is given by-”
9. 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 ?
10. Blue Chips Shares mean-”
11. The first Secretary of the company is appointed by-”
12. 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%-”
13. What of the following is false about W.T.O. ?
14. -œAuditor is not an insurer." In which of the following cases the decision has been given ?
15. The balance appearing in the books of a company at the end of year were CRR A/c Rs. 50000 Security Premium Rs. 5000 Revaluation Reserve Rs. 20000 P & L A/c (Dr) Rs. 10000. Maximum amount available for distribution of Bonus Share will be-”
16. The following figures are presented to you-” Year Sales Profit/Loss 1999 Rs. 100000 Rs. 10000 (Loss) 2000 Rs. 250000 Rs. 20000 (Profit) Calculate Profit Volume Ratio.
17. Managerial Planning is a-”
18. Motivation - Hygiene Theory was propounded by-”
19. Consider the following information pertaining to K Ltd. on September 4 2005 the company issued 12000 7% debentures having a face value of Rs. 100 each at a discount of 2-¢5%. On September 12 the company issued 25000 preference shares of Rs. 100 each. On September 29 the company redeemed 30000 preference shares of Rs. 100 each at a premium of 5% together with one month dividend @ 6% p.a. thereon. Bank balance on August 31 2005 was Rs. 3000000. After effecting the above transaction the Bank Balance as on September 30 2005 will be-”
20. Bombay Stock Exchange Sensex consists of -¦-¦-¦ script as on 31st March 2005.
21. A company has a separate legal existence from its members. This principle was first laid down in case of-”
22. The object of -˜Agenda-™ is to inform-”
23. Audit adopted by banking company is-”
24. Accounting for Intangible Assets are related to-”
25. The capital issues of public limited companies are subject to guidelines issued by-”

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