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Past Years Commerce Questions - Set 5
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Past Years Commerce Questions - Set 5
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25 Questions

1. -œAuditor is not an insurer.- In which of the following cases - the decision has been given ?
2. Verification includes-”
3. A meeting of the shareholders held only once during the life time of the company is known as-”
4. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel.- This statement shows the-”
5. In a public company the minimum number for having a Quorum in a meeting is-”
6. The present World Economic Depression first of all - started from which country ?
7. An annual general meeting may be called after giving shorter notice instead of 21 clear days - if consent is accorded by-”
8. -˜Carrot and Stick-™ principle is given in Theory-”
9. Depletion method of depreciation is used in case of-”
10. The Section 80A of the Companies-™ Act is related with the redemption of-”
11. Blue Chips Shares mean-”
12. Bombay Stock Exchange Sensex consists of -¦-¦-¦ script as on 31st March - 2005.
13. The following figures are presented to you-” Year Sales Profit/Loss 1999 Rs. 1 - 00 - 000 Rs. 10 - 000 (Loss) 2000 Rs. 2 - 50 - 000 Rs. 20 - 000 (Profit) Calculate Profit Volume Ratio.
14. Internal check means-”
15. 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 November- 2007 300 @ Rs. 80 each Closing inventories were 500 articles. Find out the value of closing stock as per Weighted Average Method-”
16. Recording of capital contributed by the owner as liability ensures the adherence of principle of-”
17. Ploughing-back of profits means-”
18. For the purpose of preparation of fund flow statement - fund means-”
19. In case of Board Meetings the Quorum must be present-”
20. -¦-¦-¦ has been founded to act as permanent watchdog on the international trade.
21. Under Section 275 of the Companies-™ Act - 1956 a person can become director in public company of not more than-”
22. Current Ratio is 3-¢75 - Acid Test Ratio is 1-¢25 Stock Rs. 3 - 75 - 000 - calculate working capital.
23. Managerial Planning is a-”
24. The basic aim of Securities and Exchange Board of India (SEBI) is to-”
25. Which is not a insurable risk ?

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