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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. -œOrganisation is the foundation of management.- This statement is given by-”
2. For calling the Extraordinary General Meeting a clear notice of -¦-¦-¦ days must be given to all the members.
3. Current Ratio is 3-¢75 - Acid Test Ratio is 1-¢25 Stock Rs. 3 - 75 - 000 - calculate working capital.
4. Depletion method of depreciation is used in case of-”
5. Principle of -˜Unity of Command-™ means-”
6. The basic aim of Securities and Exchange Board of India (SEBI) is to-”
7. Fire Insurance is based on the principle of-”
8. It is given that cost of stock is Rs. 100. However - its market price is Rs. 98 (buying) and Rs. 140 (selling). If the market price is interpreted as the replacement cost - then the stock should be valued at-”
9. What of the following is false about W.T.O. ?
10. Which is not a insurable risk ?
11. Who is Father of Scientific Management ?
12. Disinvestment of shares means-”
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. Price earning ratio is 83-¢33% and E.P.S. is Rs. 30. The market price of equity share will be-”
15. -œOrganisation is a Management Process by which people - functions and physical factors are brought together to form a controllable unit.- This definition is given by-”
16. Recording of capital contributed by the owner as liability ensures the adherence of principle of-”
17. Total sales is Rs. 7 - 60 - 000 - cash sales Rs. 30 - 000 collection period is 25 days - debtors at Balance Sheet date will be-”
18. If the current ratio is 2 - current assests are worth Rs. 1 - 600 - if current ratio is not allowed to fall below 1-¢5 - how much additional can be borrowed by the company on the short term basis ?
19. If the goods purchased are in transit - then the Journal Entry at the end of the period will be-”
20. The balance appearing in the books of a company at the end of year were CRR A/c Rs. 50 - 000 - Security Premium Rs. 5 - 000 - Revaluation Reserve Rs. 20 - 000 - P & L A/c (Dr) Rs. 10 - 000. Maximum amount available for distribution of Bonus Share will be-”
21. A fire occurred in the premises of -˜M-™ Ltd. on 30th September - 2007. The stock was destroyed except to the extent of Rs. 10 - 000. From the information given below - calculate the value of stock burnt by fire on 30th September - 2007. Stock on 1st April 2006 - Rs. 90 - 000 - Purchases less returns during 2006-07-”10 - 00 - 000 - Sales less returns during 2006-07 - 15 - 00 - 000; Stock on 31st March - 2007-”1 - 80 - 000 - Purchases less returns from 1st April 2007 to 30th September 2007 - 7 - 00 - 000. Sales less returns from 1st April - 2007 to 30th September 2007 - 10 - 00 - 000. It was the practice of the company to value stock less 10%-”
22. Due to coordination-”
23. Under Section 275 of the Companies-™ Act - 1956 a person can become director in public company of not more than-”
24. Verification includes-”
25. The first Stock Exchange in India was established in-”