Home > Marketing Management 101 > Quizzes > Commerce Questions for Competitive Exams
Commerce Questions for Competitive Exams
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 21% • Most missed: “A firm has a variable cost of Rs. 100 at 5 units of output. If fixed cost is Rs.…”
Commerce Questions for Competitive Exams
Time left 00:00
25 Questions

1. Asset cost Rs. 21 - 000 Scrap value Rs. 1 - 000 Depreciation rate 10% p. a. What is the amount of depreciation for the first year if straight line method is used ?
2. Which one of the following is not included in the internal check as regards purchases ?
3. The break even point is the point at which-“
4. A limited company makes a net profit of Rs. 2 - 00 - 000 after writing off preliminary expenses amounting to Rs. 20 - 000 and providing for depreciation on assets amounting to Rs. 40 - 000 and gain of Rs. 10 - 000 on sale of a piece of machinery. What are the funds from operation ?
5. According to force-field theory - every behaviour is the result of equilibrium between which of the following ?
6. In an open economy - the national income (Y) of the economy is (C - I - G - X - M stand for Consumption - Investment - Government expenditure - total exports and total imports respectively)-“
7. 'Open Market Operations' is a part of-“
8. A Ltd. issued prospectus inviting applications for 2000 shares. Applications were received for 3000 shares and pro-rata allotment was made on the application for 2400 shares. If Ramesh had been alloted 40 shares - how many shares he must have applied for?
9. Under which of the following methods of depreciation the amount of an asset is never reduced to zero ?
10. Which of the following is an extractive industry?
11. What does management audit imply ?
12. In case of inferior goods the income elasticity of demand is-“
13. Opening stock Rs. 15000 Purchases Rs. 40000 Cost of golds sold Rs. 52000 Sales Rs. 57000 What is the amount of gross profit or loss-“
14. What is outsourcing of production and concentrating on marketing operations in international business - known as ?
15. To which one of the following aspects does an established pattern of relationships among the components of an organization refer ?
16. What is reduction of paid-up share capital called ?
17. What is the theory of social responsibility that focuses on how companies respond to issues - rather than trying to determine their ultimate social responsibility - called ?
18. Closing stock Rs. 53 - 400 cost of Goods sold Rs. 75 - 000 - Gross profit Rs. 5 - 000 - Purchases Rs. 82 - 000 What is the amount of opening stock-“
19. A partner in a firm-“
20. How is profit prior to incorporation treated as ?
21. Cash received from debtors is Rs. 12 - 000 and furniture purchased is Rs. 7 - 000. What is the net effect on the flow of funds?
22. Classification of employees according to education and skill is called-“
23. Assets of a business are Rs. 21315 and liabilities Rs. 4 - 120. What is the amount of owner's equity?
24. First of all - the Income Tax Act was passed in independent India-“
25. The concept of mixed economy means-“

⚡ Recently practiced quizzes in this topic
Live quiz activity
Bachelor of Mass Media in Advertising (BMM Advertising) Practice Test: Copywriting International Marketing Practice Test Questions Bachelor of Mass Media in Advertising (BMM Advertising) Practice Test: Media Planning and Buying Basic Marketing Practice Test Modern Marketing Glossary Pricing Exam Marketing Practice Test: Developing and Managing Products Marketing Practice Test: Decision Support Systems and Marketing Research FBLA Advertising Review Marketing Management Practice Test Questions: All Topics
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.