Home > Consumer Behavior 101 > Quizzes > Past Years Commerce Questions - Set 5
Past Years Commerce Questions - Set 5
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 100% Most missed: “A meeting of the shareholders held only once during the life time of the company…”
Past Years Commerce Questions - Set 5
Time left 00:00
25 Questions

1. A manufacturer is operating at 50% of its capacity - due to competition. The following are the details. Raw materials Rs. 6 per unit - Direct Labour Rs. 4 per unit. variable overhead - Rs. 3 per unit - fixed overhead - Rs. 2 per unit - output 15 - 000 units - total cost Rs. 2 - 25 - 000 - sales value Rs. 2 - 10 - 000 - loss Rs. 15 - 000. A foreign customer wants to buy 6 - 000 units at Rs. 13-¢50 per unit and the company does not know whether to accept or not as it is suffering losses at the current level. Advise what he should do ?
2. -œOrganisation is the foundation of management.- This statement is given by-”
3. Blue Chips Shares mean-”
4. A public company can start its business operations after getting-”
5. In -˜Direction-™ who is given importance ?
6. Who is Father of Scientific Management ?
7. Accounting for Intangible Assets are related to-”
8. FEMA stands for-”
9. A company invited application for subscription of 5 - 000 shares. The application were received for 6 - 000 shares. The shares were allotted on pro-rata basis. If X has applied for 180 shares how many shares would be allotted to him ?
10. Managerial Planning is a-”
11. The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as-”
12. Company Auditor is responsible-”
13. The present World Economic Depression first of all - started from which country ?
14. The basic aim of Securities and Exchange Board of India (SEBI) is to-”
15. Final accounts prepared in narrative style are in-”
16. For calling the Extraordinary General Meeting a clear notice of -¦-¦-¦ days must be given to all the members.
17. -˜Carrot and Stick-™ principle is given in Theory-”
18. A meeting of the shareholders held only once during the life time of the company is known as-”
19. Fire Insurance is based on the principle of-”
20. Internal check means-”
21. Out of the following forms - which form of organisation is the oldest one ?
22. Due to coordination-”
23. To appoint new auditor in place of retiring auditor - to adopt the procedure - which section of Companies-™ Act - 1956 is applicable ?
24. The Section 80A of the Companies-™ Act is related with the redemption of-”
25. The object of -˜Agenda-™ is to inform-”