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Past Years Commerce Questions
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Past Years Commerce Questions
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25 Questions

1. Auditor shall be punished with imprisonment for a maximum period of -¦-¦-¦ under Section 539 for falsification in the books of accounts.
2. The Section 80A of the Companies-™ Act is related with the redemption of-”
3. According to Balance Sheet equation concept the capital will be-”
4. In common size Balance Sheet analysis we evaluate-”
5. In -˜Direction-™ who is given importance ?
6. Bombay Stock Exchange Sensex consists of -¦-¦-¦ script as on 31st March 2005.
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. -œOrganisation is the foundation of management.- This statement is given by-”
9. Appointment of a person who is a Director as a Secretary in the Company would require approval of the company by-”
10. Which institution is known as the -˜Soft Loan Window-™ of World Bank ?
11. Audit adopted by banking company is-”
12. Share premium account can be used for-”
13. The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as-”
14. The first Stock Exchange in India was established in-”
15. The Life Insurance in India was nationalised in the year-”
16. Average stock of firm is Rs. 80000 the opening stock is Rs. 10000 less than closing stock. Find opening stock.
17. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel.- This statement shows the-”
18. For calling the Extraordinary General Meeting a clear notice of -¦-¦-¦ days must be given to all the members.
19. Total sales is Rs. 760000 cash sales Rs. 30000 collection period is 25 days debtors at Balance Sheet date will be-”
20. Company Auditor is responsible-”
21. What of the following is false about W.T.O. ?
22. -¦-¦-¦ has been founded to act as permanent watchdog on the international trade.
23. R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 400000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by-”
24. Appointment of full time Company Secretary is compulsory in all those companies whose paidup share capital is-”
25. The following figures are presented to you-” Year Sales Profit/Loss 1999 Rs. 100000 Rs. 10000 (Loss) 2000 Rs. 250000 Rs. 20000 (Profit) Calculate Profit Volume Ratio.

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