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Commerce Questions for Competitive Exams
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Commerce Questions for Competitive Exams
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25 Questions

1. Which of the following is not a feature of bonds ?
2. The function of staff in line the staff organization is-“
3. 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-“
4. Which among the following is eligible to issue Shelf Prospectus ?
5. The burden of tax falls more heavily on the seller in a market when-“
6. Which one of the following transactions changes the current ratio ?
7. Which one of the following statements is correct ? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity - it would
8. Which of the following equation is correct?
9. What is the amount of gross profit or loss when-“ Cost of Goods sold = 7900 Sales = 11000 Purchases = 3000
10. Under which one of the following is the term -˜Dominant Undertaking-™ defined ?
11. Which of the following is not viewed as a national debt?
12. Which of the following is not a part of the usual contents of the current file and audit working papers ?
13. In a marine insurance - when must the insurable interest exist ?
14. Which one of the following is not one of the elements of the 7S McKinsey Model for analyzing and improving organizational effectiveness ?
15. A Ltd. issued prospectus inviting applications for 2000 shares. Applications were received for 3000 shares and pro-rata allotment was made on the application for 2400 shares. If Ramesh had been alloted 40 shares - how many shares he must have applied for?
16. The slope at any point on an indifference curve is known an-“
17. In case of inferior goods the income elasticity of demand is-“
18. In a free market economy the allocation of resources is deter-mined by-“
19. All the following are examples of profit centres within an airlines except-“
20. Expenses need to be recorded in the period in which the associated revenues are recognised. This is to be ensured as per which one of the following accounting principles ?
21. In case of individual assessee - surcharge shall be levied only when income exceeds the following amount-“
22. What is Capital Redemption Reserve Account available for ?
23. The policy that has been the most successful in increasing agricultural output in developing country is-“
24. Year ending on March 31st immediately prior to assessment year is called-“
25. What is cross rate ?

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