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Commerce Knowledge Test
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Avg score: 8% • Most missed: “The main advantage of functional organisation is-“”
Commerce Knowledge Test
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25 Questions

1. Whenever data deals with speed - distance and time then the best average is-“
2. Given fixed long term liabilities Rs. 5 - 00 - 000 fixed assets Rs. 12 - 00 - 000 - capital Rs. 8 - 50 - 000 - current liabilities Rs. 2 - 50 - 000 current assets Rs. 4 - 00 - 000. Solvency ratio is-“
3. The internal auditor of a joint stock company-“
4. The mean of the following distribution is-“ X : 145 155 165 175 F : 10 12 15 10
5. 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-“
6. The policy that has been the most successful in increasing agricultural output in developing country is-“
7. A partner in a firm-“
8. 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-“
9. Which of the following is an equation?
10. The concept of mixed economy means-“
11. Investment according to Keynesian theory is-“
12. Sum received from sale of agricultural land shal be covered under the categories of following income-“
13. 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 ?
14. Mr. Pawan was born on April 18 - 1986 in India and later on he took the citizenship of USA. Neither his parents nor his grand parents were born in undivided India. In this case Mr. Paw an shall be-“
15. Given January 1 December 31 Assets 30 - 000 Liabilities 13 - 000 Capital 16 - 500 Withdrawals by onwer during the year are Rs. 4000. What is the amount of capital on January 1 ?
16. The average value of -“4 - -“3 - 0 - 3 - 4 is-“
17. Share of partner in the income of partnership firm shall be-“
18. Assets of a business are Rs. 21315 and liabilities Rs. 4 - 120. What is the amount of owner's equity?
19. The income tax deducted from interest paid on debentures is shown on the-“
20. The burden of tax falls more heavily on the seller in a market when-“
21. The crucial determinant of the size of the market is-“
22. If average cost is falling then-“
23. Which of the following committees examined and suggested Financial sector reforms in India-“
24. Cost volume profit analysis is based on several assumptions which of the following is not one of these assumptions-“
25. Which of the following are current liabilities?

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