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Commerce Questions for Competitive Exams
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Commerce Questions for Competitive Exams
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25 Questions

1. How is profit prior to incorporation treated as ?
2. Classification of employees according to education and skill is called-“
3. What does management audit imply ?
4. According to convention of conservation the stock in trade is valued at-“
5. Under which of the following methods of depreciation the amount of an asset is never reduced to zero ?
6. What is Director Identification Number (DIN) ?
7. Which of the following is an extractive industry?
8. The break even point is the point at which-“
9. 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 ?
10. In a marine insurance - when must the insurable interest exist ?
11. Investment by owner results in-“
12. Given net profit Rs. 1 - 50 - 000 - preference dividend Rs. 25 - 000 taxes Rs. 10 - 000 - Equity capital (Rs.10 each) - Rs. 10 - 00 - 000 what is the Earning per share (EPS)-“
13. What is a systematic evaluation of a company's activities in a given area of social interest such as environmental protection - workplace safety or community involvement - called ?
14. Say's law of market holds that-“
15. When cash is Rs. 10 - 000 - stock Rs. 25 - 000 - investments Rs. 5 - 000 and creditors Rs. 22 - 000 and bank over-draft Rs. 8 - 000 - the current ratio is-“
16. The slope at any point on an indifference curve is known an-“
17. An insurance claim of Rs. 300 was accepted in respect of stock (inventory) of Rs. 500 - which was destroyed by fire. Rs. 200 not covered by insurance should be debited to which one of the following ?
18. Which of the following companies do not have the obligation to get its Articles of Association registered along with the Memorandum of Association ?
19. What is cross rate ?
20. Expenses need to be recorded in the period in which the associated revenues are recognised. This is to be ensured as per which one of the following accounting principles ?
21. Which of the following is affected by treatment of an accrued item in accounting ?
22. Which one of the following is not an element of direction ?
23. The mean of the following distribution is-“ X : 145 155 165 175 F : 10 12 15 10
24. Cost volume profit analysis is based on several assumptions which of the following is not one of these assumptions-“
25. When opening stock is Rs. 50 - 000 - closing stock Rs. 60 - 000 and cost of goods sold Rs. 2 - 20 - 000 - the stock turnover ratio is-“

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