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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. Year ending on March 31st immediately prior to assessment year is called-“
2. What does payout ratio mean ?
3. The break even point is the point at which-“
4. If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes - then blue jeans and tennis shoes are-“
5. Any balance in the share forfeiture account after all the forfeiture shares are re-issued should be-“
6. Which of the following should not be considered in a make or buy decision ?
7. Who is called the Father of Economics?
8. Which of the following is an extractive industry?
9. Assets of a business are Rs. 21315 and liabilities Rs. 4 - 120. What is the amount of owner's equity?
10. Delegation of authority results in-“
11. A very senior citizen shall be that individual for purpose of Income Tax whose age is More than following-“
12. Investment according to Keynesian theory is-“
13. All the following are examples of profit centres within an airlines except-“
14. First of all - the Income Tax Act was passed in independent India-“
15. What is the amount of gross profit or loss when-“ Cost of Goods sold = 7900 Sales = 11000 Purchases = 3000
16. According to convention of conservation the stock in trade is valued at-“
17. The slope at any point on an indifference curve is known an-“
18. The existence of a joint stock company is interrupted by-“
19. Expenses need to be recorded in the period in which the associated revenues are recognised. This is to be ensured as per which one of the following accounting principles ?
20. What is the method in which an amount equal to the amount written off as depreciation is invested in outside securities in order to facilitate replacement of an asset at the expiry of its life period - called ?
21. If average cost is falling then-“
22. The burden of tax falls more heavily on the seller in a market when-“
23. What is an organization structure in which each employee reports to both a functional (or division) manager and to a project (or group) manager - known as ?
24. Government grants related to income as per the Accounting Standard (AS)-12 should be-”
25. A firm's average total cost is Rs. 30 at 5 units of output and Rs. 32 at 6 units of output. The marginal cost of producing 6th units is-“

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