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Past Years Commerce Questions
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Past Years Commerce Questions
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25 Questions

1. In Need Hierarchy Theory of Abraham H. Maslow Self Actualisation needs are at level-”
2. The capital issues of public limited companies are subject to guidelines issued by-”
3. As per Schedule VI of the Companies-™ Act 1956 Forfeited Share Account will be-”
4. In case of Board Meetings the Quorum must be present-”
5. Managerial Planning is a-”
6. Appointment of a person who is a Director as a Secretary in the Company would require approval of the company by-”
7. A meeting of the shareholders held only once during the life time of the company is known as-”
8. Articles of Association can be altered by passing-”
9. By whom from the following auditor can be reappointed ?
10. Current Ratio is 3-¢75 Acid Test Ratio is 1-¢25 Stock Rs. 375000 calculate working capital.
11. Appointment of full time Company Secretary is compulsory in all those companies whose paidup share capital is-”
12. Total sales is Rs. 760000 cash sales Rs. 30000 collection period is 25 days debtors at Balance Sheet date will be-”
13. A manufacturer is operating at 50% of its capacity due to competition. The following are the details. Raw materials Rs. 6 per unit Direct Labour Rs. 4 per unit. variable overhead - Rs. 3 per unit fixed overhead - Rs. 2 per unit output 15000 units total cost Rs. 225000 sales value Rs. 210000 loss Rs. 15000. A foreign customer wants to buy 6000 units at Rs. 13-¢50 per unit and the company does not know whether to accept or not as it is suffering losses at the current level. Advise what he should do ?
14. Share premium account can be used for-”
15. What of the following is false about W.T.O. ?
16. Company Auditor is responsible-”
17. For the purpose of preparation of fund flow statement fund means-”
18. In -˜Direction-™ who is given importance ?
19. Social Accounting means-”
20. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel.- This statement shows the-”
21. \"I took the order for 5000 units at Rs. 50 each because I got more than the cost incurred to produce them said the Works Manager and produced the following figures— Particulars Before accepting the order After accepting the order Rs. Rs. Variable costs 250000 400000 Fixed costs 750000 851000 Total costs 1000000 1251000 Cost/unit 40 41•70 Analyse the above figures and the decision taken. Acceptance of this offer has
22. The present World Economic Depression first of all started from which country ?
23. Contents of Marine Insurance include-”
24. 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.
25. Out of the following forms which form of organisation is the oldest one ?