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Past Years Commerce Questions Set - 4
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Avg score: 75% • Most missed: “-˜Carrot and Stick-™ principle is given in Theory-””
Past Years Commerce Questions Set - 4
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25 Questions

1. For the purpose of preparation of fund flow statement fund means-”
2. Motivation - Hygiene Theory was propounded by-”
3. Audit adopted by banking company is-”
4. Verification includes-”
5. Internal activity of a company is going to be performed according to established regulations. This assumption is provided as a right by-”
6. Calculate Return on Investment/ Return on Proprietor-™s fund. Gross profit of a firm is Rs. 320000 Operating expenses Rs. 100000 Taxes Rs. 20000 Owner-™s fund Rs. 500000 Debenture Interest Rs. 50000-”
7. Average stock of firm is Rs. 80000 the opening stock is Rs. 10000 less than closing stock. Find opening stock.
8. Indian Accounting Standard -“ 28 is related to-”
9. A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The shares were allotted on pro-rata basis. If X has applied for 180 shares how many shares would be allotted to him ?
10. Under Section 275 of the Companies-™ Act 1956 a person can become director in public company of not more than-”
11. In Balance Sheet Audit Accounts are audited-”
12. -˜Carrot and Stick-™ principle is given in Theory-”
13. Articles of Association can be altered by passing-”
14. According to Balance Sheet equation concept the capital will be-”
15. As per Schedule VI of the Companies-™ Act 1956 Forfeited Share Account will be-”
16. The capital issues of public limited companies are subject to guidelines issued by-”
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. What of the following is false about W.T.O. ?
19. Contents of Marine Insurance include-”
20. The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as-”
21. The Life Insurance in India was nationalised in the year-”
22. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel." This statement shows the-”
23. Auditor shall be punished with imprisonment for a maximum period of -¦-¦-¦ under Section 539 for falsification in the books of accounts.
24. By whom from the following auditor can be reappointed ?
25. Which is not a insurable risk ?

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