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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. The Section 80A of the Companies-™ Act is related with the redemption of-”
2. Net profit after interest and Tax Rs. 40 - 000 - Depreciation Rs. 5 - 000 - Rate of Income Tax 50% - 10% Mortgage Debentures Rs. 60 - 000. Fixed Interest Charges Rs. 6 - 000 - Debenture Redemption Fund Appropriation of Outstanding Debentures 10%.
3. An annual general meeting may be called after giving shorter notice instead of 21 clear days - if consent is accorded by-”
4. A meeting of the shareholders held only once during the life time of the company is known as-”
5. A public company can start its business operations after getting-”
6. The number of subordinates a superior can effectively handle is called-”
7. In Balance Sheet - Audit Accounts are audited-”
8. Which of the following statement is correct ?
9. Rate of Gross Profit on cost is 25%. Total sales is Rs. 1 - 00 - 000 and Average Stock is Rs. 1 - 60 - 000. Stock Turnover Ratio will be-”
10. Who is Father of Scientific Management ?
11. As per Schedule VI of the Companies-™ Act - 1956 - Forfeited Share Account will be-”
12. The Essence of Control is-”
13. Current Ratio is 3-¢75 - Acid Test Ratio is 1-¢25 Stock Rs. 3 - 75 - 000 - calculate working capital.
14. Internal check means-”
15. Average stock of firm is Rs. 80 - 000 - the opening stock is Rs. 10 - 000 less than closing stock. Find opening stock.
16. Which is not a insurable risk ?
17. 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-”
18. When the existing companies raise additional funds by issue of shares to the existing shareholders in proportion to their existing shareholdings - it is called-”
19. -œAuditor is not an insurer.- In which of the following cases - the decision has been given ?
20. Convertibility of the rupee implies-”
21. Disinvestment of shares means-”
22. 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 ?
23. Indian Accounting Standard -“ 28 is related to-”
24. Blue Chips Shares mean-”
25. 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.

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