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Commerce Knowledge Test
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Commerce Knowledge Test
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25 Questions

1. Goodwill account is a-“
2. Consumer surplus is the area in graph-“
3. National income in India is estimated by-“
4. Opening stock Rs. 15000 Purchases Rs. 40000 Cost of golds sold Rs. 52000 Sales Rs. 57000 What is the amount of gross profit or loss-“
5. The works manager gets commission of 10% on the profits after charging such commission. If the profit is Rs. 2200 what is the amount of commission-“
6. Which of the following is an economic barometer-“
7. Year ending on March 31st immediately prior to assessment year is called-“
8. Salary payable by Government of India to an Indian Citizen for services outside India-“
9. Which of the following should not be considered in a make or buy decision ?
10. The agricultural income is exempt under the following section of IT Act-“
11. Assuming there is no government or foreign sector - if the MPC is 0.8 - the multiplier is-“
12. A minor's income shall be included in the guardian assessee's income if it-“
13. A very senior citizen shall be that individual for purpose of Income Tax whose age is More than following-“
14. When net sales for the year are Rs. 2 - 50 - 000 and debtors Rs. 50 - 000 the average collection period is-“
15. Say's law of market holds that-“
16. In case of women assessee her agricultural income of Rs. 8000 shall be included in her total income if her total income is more than the following-“
17. Economic liberalisation in India started with-“
18. Which of the following are current liabilities?
19. In a free market economy the allocation of resources is deter-mined by-“
20. The internal auditor of a joint stock company-“
21. What is the slope of AR (Average revenue) curve in monopoly?
22. If the investment demand curve is vertical-“
23. Investment according to Keynesian theory is-“
24. Time series deals with-“
25. Which of the following assets in usually not depreciated-“

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