Home > Mechanical Engineering > Quizzes > Commerce Knowledge Test
Commerce Knowledge Test
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 8% • Most missed: “The main advantage of functional organisation is-“”
Commerce Knowledge Test
Time left 00:00
25 Questions

1. The most appropriate measure of a country's economic growth is its-“
2. According to Income Tax Act which of the following are agricultural incomes-“
3. Which of the following assets in usually not depreciated-“
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. Who is called the Father of Economics?
6. Classification of employees according to education and skill is called-“
7. Given January 1 December 31 Assets 30 - 000 Liabilities 13 - 000 Capital 16 - 500 Withdrawals by onwer during the year are Rs. 4000. What is the amount of capital on January 1 ?
8. Interim dividend is shown-“
9. The mean of the following distribution is-“ X : 145 155 165 175 F : 10 12 15 10
10. Time series deals with-“
11. Business means-“
12. First of all - the Income Tax Act was passed in independent India-“
13. Given fixed long term liabilities Rs. 5 - 00 - 000 fixed assets Rs. 12 - 00 - 000 - capital Rs. 8 - 50 - 000 - current liabilities Rs. 2 - 50 - 000 current assets Rs. 4 - 00 - 000. Solvency ratio is-“
14. Monopolist can determine-“
15. If profits are 25% of selling price - what is the percentage of profit to cost?
16. 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-“
17. Share of partner in the income of partnership firm shall be-“
18. If government spending is increased by Rs. 700 and taxes are increased by Rs. 700 the equilibrium level of income will-“
19. In case of inferior goods the income elasticity of demand is-“
20. Which of the following committees examined and suggested Financial sector reforms in India-“
21. Which of the following equation is correct?
22. 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-“
23. When funds from operations are Rs. 42 - 000 and amount of depreciation on plant and machinery is Rs. 5000. What is the amount of net profit.
24. When net sales for the year are Rs. 2 - 50 - 000 and debtors Rs. 50 - 000 the average collection period is-“
25. The record of country's transactions in goods - services and assets with the rest of the world is its-“

⚡ Recently practiced quizzes in this topic
Live quiz activity
Thermodynamics: First Law of Thermodynamics Manufacturing Engineering Practice Test: Metal Cutting - Mechanics of Cutting Mechanical Engineering Mechanical Engineering Practice Test: Refrigeration Mechanical Engineering Practice Test: Production Technology ME203 Final Exam - Materials and Materials Processing Mechanical Engineering Practice Questions Production Planning and Control: Introduction Design of Mechanical Systems Production Planning and Control: Scheduling And Sequencing
 
❤ 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.