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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. Economic liberalisation in India started with-“
2. When quick ratio is 1.5 : 1 and the amount of quick assets Rs. 30 - 000 - what is the amount of quick liabilities?
3. The total sum of the goods and services produced within a country in a year minus depreciation is called the-“
4. 'Control' function of management cannot be performed without-“
5. If the cost of goods sold is Rs. 1 - 20;000 and the rate of gross loss is Rs. ¼ of sales the amount of sales is-“
6. The main advantage of functional organisation is-“
7. 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-“
8. How will you measure development of people ? -
9. Investment by owner results in-“
10. Salary payable by Government of India to an Indian Citizen for services outside India-“
11. According to force-field theory - every behaviour is the result of equilibrium between which of the following ?
12. X Ltd. purchased land and building worth Rs. 28 - 80 - 000 and in lieu issued debentures of Rs. 100 each at a discount of 4%. What is the number of debentures issued-“
13. The mean of the following distribution is-“ X : 145 155 165 175 F : 10 12 15 10
14. 'Open Market Operations' is a part of-“
15. Goodwill account is a-“
16. Which one of the following transactions changes the current ratio ?
17. If average cost is falling then-“
18. The net assets of a business on Jan. 1 and Jan. 31 are Rs. 39 - 000 and Rs. 38 - 000 respectively. Additional investment by owner and withdrawal by owner during Jan. amount to Rs. 2000 and Rs. 6000 respectively. What is the net income for Jan. ?
19. Which of the following committees examined and suggested Financial sector reforms in India-“
20. How is profit prior to incorporation treated as ?
21. Which of the following is affected by treatment of an accrued item in accounting ?
22. Year ending on March 31st immediately prior to assessment year is called-“
23. Following percentage in tea production is treated agricultural income.
24. The concept of mixed economy means-“
25. In a marine insurance - when must the insurable interest exist ?