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Commerce Questions for Competitive Exams
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Commerce Questions for Competitive Exams
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1. Which of the following committees examined and suggested Financial sector reforms in India-“
2. Assuming there is no government or foreign sector - if the MPC is 0.8 - the multiplier is-“
3. In case of individual assessee - surcharge shall be levied only when income exceeds the following amount-“
4. 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 ?
5. First of all - the Income Tax Act was passed in independent India-“
6. The burden of tax falls more heavily on the seller in a market when-“
7. The internal auditor of a joint stock company-“
8. Monopolist can determine-“
9. Which of the following represents corporate sustainable reporting ?
10. Investment according to Keynesian theory is-“
11. The most important economic function of stock exchange is to-“
12. Under capitalization can be remedied by-“
13. What is cross rate ?
14. Which of the following is an extractive industry?
15. The existence of a joint stock company is interrupted by-“
16. Which among the following is eligible to issue Shelf Prospectus ?
17. Goodwill account is a-“
18. What is the renewal fees paid for a patent right ?
19. 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-“
20. All the following are examples of profit centres within an airlines except-“
21. What does payout ratio mean ?
22. 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 ?
23. A limited company makes a net profit of Rs. 2 - 00 - 000 after writing off preliminary expenses amounting to Rs. 20 - 000 and providing for depreciation on assets amounting to Rs. 40 - 000 and gain of Rs. 10 - 000 on sale of a piece of machinery. What are the funds from operation ?
24. Which one of the following statements is correct ?
25. Some organizations have escalator clause in their labour agreements. What does this clause provide for ?

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