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Past Years Commerce Questions Set - 4
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Past Years Commerce Questions Set - 4
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25 Questions

1. A meeting of the shareholders held only once during the life time of the company is known as-”
2. Final accounts prepared in narrative style are in-”
3. Appointment of full time Company Secretary is compulsory in all those companies whose paidup share capital is-”
4. Current Ratio is 3-¢75 Acid Test Ratio is 1-¢25 Stock Rs. 375000 calculate working capital.
5. The basic aim of Securities and Exchange Board of India (SEBI) is to-”
6. The following figures are presented to you-” Year Sales Profit/Loss 1999 Rs. 100000 Rs. 10000 (Loss) 2000 Rs. 250000 Rs. 20000 (Profit) Calculate Profit Volume Ratio.
7. Among the following which is not an error of commission ?
8. Depletion method of depreciation is used in case of-”
9. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel." This statement shows the-”
10. Which of the following have lien of Company Auditor ?
11. To appoint new auditor in place of retiring auditor to adopt the procedure which section of Companies-™ Act 1956 is applicable ?
12. Increase in fixed asset due to purchase is-”
13. -¦-¦-¦ has been founded to act as permanent watchdog on the international trade.
14. The following data are provided to you. Fixed cost - Rs. 20000; Selling price per unit - Rs. 25 Variable cost per unit - Rs. 20. Find out selling price per unit if B.E.P. is brought down to 2000 units.
15. Motivation - Hygiene Theory was propounded by-”
16. The capital issues of public limited companies are subject to guidelines issued by-”
17. The following information is obtained from the records of K Co. Ltd.-” Sales (100000 units) Rs. 100000 Variable cost Rs. 40000 Fixed cost Rs. 30000 Find out margin of safety.
18. Disinvestment of shares means-”
19. Out of the following forms which form of organisation is the oldest one ?
20. Fire Insurance is based on the principle of-”
21. -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-”
22. Rate of Gross Profit on cost is 25%. Total sales is Rs. 100000 and Average Stock is Rs. 160000. Stock Turnover Ratio will be-”
23. In common size Balance Sheet analysis we evaluate-”
24. An annual general meeting may be called after giving shorter notice instead of 21 clear days if consent is accorded by-”
25. Total sales is Rs. 760000 cash sales Rs. 30000 collection period is 25 days debtors at Balance Sheet date will be-”

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