Home > CompTIA Security+ Certification > Quizzes > Past Years Commerce Questions - Set 5
Past Years Commerce Questions - Set 5
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 100% Most missed: “A meeting of the shareholders held only once during the life time of the company…”
Past Years Commerce Questions - Set 5
Time left 00:00
25 Questions

1. Due to coordination-”
2. In common size Balance Sheet analysis we evaluate-”
3. -¦-¦-¦ has been founded to act as permanent watchdog on the international trade.
4. The first Stock Exchange in India was established in-”
5. Internal activity of a company is going to be performed according to established regulations. This assumption is provided as a right by-”
6. The number of subordinates a superior can effectively handle is called-”
7. Appointment of a person who is a Director - as a Secretary in the Company would require approval of the company by-”
8. For calling the Extraordinary General Meeting a clear notice of -¦-¦-¦ days must be given to all the members.
9. Blue Chips Shares mean-”
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. 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 ?
12. Out of the following forms - which form of organisation is the oldest one ?
13. The present World Economic Depression first of all - started from which country ?
14. Bombay Stock Exchange Sensex consists of -¦-¦-¦ script as on 31st March - 2005.
15. The balance appearing in the books of a company at the end of year were CRR A/c Rs. 50 - 000 - Security Premium Rs. 5 - 000 - Revaluation Reserve Rs. 20 - 000 - P & L A/c (Dr) Rs. 10 - 000. Maximum amount available for distribution of Bonus Share will be-”
16. Rate of Gross Profit on cost is 25%. Total sales is Rs. 1 - 00 - 000 and Average Stock is Rs. 1 - 60 - 000. Stock Turnover Ratio will be-”
17. Motivation - Hygiene Theory was propounded by-”
18. An annual general meeting may be called after giving shorter notice instead of 21 clear days - if consent is accorded by-”
19. Convertibility of the rupee implies-”
20. The minimum paid-up share capital for a public company shall be-”
21. A manufacturer is operating at 50% of its capacity - due to competition. The following are the details. Raw materials Rs. 6 per unit - Direct Labour Rs. 4 per unit. variable overhead - Rs. 3 per unit - fixed overhead - Rs. 2 per unit - output 15 - 000 units - total cost Rs. 2 - 25 - 000 - sales value Rs. 2 - 10 - 000 - loss Rs. 15 - 000. A foreign customer wants to buy 6 - 000 units at Rs. 13-¢50 per unit and the company does not know whether to accept or not as it is suffering losses at the current level. Advise what he should do ?
22. The Life Insurance in India was nationalised in the year-”
23. Disinvestment of shares means-”
24. In a public company the minimum number for having a Quorum in a meeting is-”
25. Recording of capital contributed by the owner as liability ensures the adherence of principle of-”