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Past Years Commerce Questions - Set 5
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Past Years Commerce Questions - Set 5
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25 Questions

1. The first Secretary of the company is appointed by-”
2. 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-”
3. For calling the Extraordinary General Meeting a clear notice of -¦-¦-¦ days must be given to all the members.
4. Appointment of a person who is a Director - as a Secretary in the Company would require approval of the company by-”
5. Under Section 275 of the Companies-™ Act - 1956 a person can become director in public company of not more than-”
6. As per Schedule VI of the Companies-™ Act - 1956 - Forfeited Share Account will be-”
7. 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-”
8. The following data are provided to you. Fixed cost - Rs. 20 - 000; Selling price per unit - Rs. 25 - Variable cost per unit - Rs. 20. Find out selling price per unit if B.E.P. is brought down to 2 - 000 units.
9. When the existing companies raise additional funds by issue of shares to the existing shareholders in proportion to their existing shareholdings - it is called-”
10. Principle of -˜Unity of Command-™ means-”
11. Bombay Stock Exchange Sensex consists of -¦-¦-¦ script as on 31st March - 2005.
12. The Section 80A of the Companies-™ Act is related with the redemption of-”
13. Indian Accounting Standard -“ 28 is related to-”
14. Total sales is Rs. 7 - 60 - 000 - cash sales Rs. 30 - 000 collection period is 25 days - debtors at Balance Sheet date will be-”
15. In Balance Sheet - Audit Accounts are audited-”
16. Which is not a insurable risk ?
17. Depletion method of depreciation is used in case of-”
18. The number of subordinates a superior can effectively handle is called-”
19. Auditor shall be punished with imprisonment for a maximum period of -¦-¦-¦ under Section 539 for falsification in the books of accounts.
20. The following information is obtained from the records of K Co. Ltd.-” Sales (1 - 00 - 000 units) Rs. 1 - 00 - 000 Variable cost Rs. 40 - 000 Fixed cost Rs. 30 - 000 Find out margin of safety.
21. In order to reduce the risk of heavy insurance the insurer passes on some business to the other company - it is called-”
22. Appointment of full time Company Secretary is compulsory in all those companies - whose paidup share capital is-”
23. -œAuditor is not an insurer.- In which of the following cases - the decision has been given ?
24. For the purpose of preparation of fund flow statement - fund means-”
25. In Need Hierarchy Theory of Abraham H. Maslow - Self Actualisation needs are at level-”

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