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Past Years Commerce Questions
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Past Years Commerce Questions
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25 Questions

1. The first Secretary of the company is appointed by-”
2. Bombay Stock Exchange Sensex consists of -¦-¦-¦ script as on 31st March 2005.
3. The following data are provided to you. Fixed cost - Rs. 20000; 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 2000 units.
4. Ploughing-back of profits means-”
5. Verification includes-”
6. Who is Father of Scientific Management ?
7. FEMA stands for-”
8. The following data relates to manufacturing company for the year 2006-07-” Net Profit as per P & L A/c-”Rs. 240000; Depreciation-”Rs. 80000; Goodwill written-off-”Rs. 40000 Profit on Sale of Fixed Assets-”Rs. 16000 Proposed Dividend-”Rs. 96000. The fund from operation would be-”
9. Appointment of a person who is a Director as a Secretary in the Company would require approval of the company by-”
10. In -˜Direction-™ who is given importance ?
11. A company made the purchases of an item during its financial year. January 2007 200 @ Rs. 50 each May 2007 400 @ Rs. 60 each August 2007 600 @ Rs. 70 each Novem- 2007 300 @ Rs. 80 each ber Closing inventories were 500 articles. Find out the value of closing stock as per Weighted Average Method-”
12. Out of the following forms which form of organisation is the oldest one ?
13. As per Schedule VI of the Companies-™ Act 1956 Forfeited Share Account will be-”
14. From the information given below calculate Debt service coverage Ratio-” Net profit after interest and Tax Rs. 40000 Depreciation Rs. 5000 Rate of Income Tax 50% 10% Mortgage Debentures Rs. 60000. Fixed Interest Charges Rs. 6000 Debenture Redemption Fund Appropriation of Outstanding Debentures 10%.
15. 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.
16. Blue Chips Shares mean-”
17. According to Balance Sheet equation concept the capital will be-”
18. Due to coordination-”
19. In common size Balance Sheet analysis we evaluate-”
20. Indian Accounting Standard -“ 28 is related to-”
21. If the goods purchased are in transit then the Journal Entry at the end of the period will be-”
22. What of the following is false about W.T.O. ?
23. The following information is obtained from the records of K Co. Ltd.-” Sales (100000 units) Rs. 100000 Variable cost Rs. 40000 Fixed cost Rs. 30000 Find out margin of safety.
24. Convertibility of the rupee implies-”
25. The following particulars relate to manufacturing factory for the month of March 2008. Variable cost per unit Rs. 11; Fixed factory overhead Rs. 540000; Fixed selling overhead Rs. 252000; Variable selling cost Rs. 3; Sales Price per unit Rs. 20. Find out the Break-Even Point in rupees-”

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