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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. -¦-¦-¦ has been founded to act as permanent watchdog on the international trade.
2. Which institution is known as the -˜Soft Loan Window-™ of World Bank ?
3. The number of subordinates a superior can effectively handle is called-”
4. By whom from the following auditor can be reappointed ?
5. In -˜Direction-™ who is given importance ?
6. Contents of Marine Insurance include-”
7. In Balance Sheet Audit Accounts are audited-”
8. The Section 80A of the Companies-™ Act is related with the redemption of-”
9. The object of -˜Agenda-™ is to inform-”
10. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel." This statement shows the-”
11. R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 400000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by-”
12. -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-”
13. Disinvestment of shares means-”
14. To appoint new auditor in place of retiring auditor to adopt the procedure which section of Companies-™ Act 1956 is applicable ?
15. -œAuditor is not an insurer." In which of the following cases the decision has been given ?
16. Increase in fixed asset due to purchase is-”
17. In order to reduce the risk of heavy insurance the insurer passes on some business to the other company it is called-”
18. 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-”
19. The balance appearing in the books of a company at the end of year were CRR A/c Rs. 50000 Security Premium Rs. 5000 Revaluation Reserve Rs. 20000 P & L A/c (Dr) Rs. 10000. Maximum amount available for distribution of Bonus Share will be-”
20. Bombay Stock Exchange Sensex consists of -¦-¦-¦ script as on 31st March 2005.
21. The Life Insurance in India was nationalised in the year-”
22. If the current ratio is 2 current assests are worth Rs. 1600 if current ratio is not allowed to fall below 1-¢5 how much additional can be borrowed by the company on the short term basis ?
23. Appointment of full time Company Secretary is compulsory in all those companies whose paidup share capital is-”
24. V. V. Bros. purchased a machine on 1st October 2003 at cost Rs. 270000 and spent Rs. 30000 on its installation. The firm written off depreciation 10% per annum on original cost every year. The books are closed on 31st March every year. The machine is sold on 30 September 2006 for Rs. 190000. How much amount will be transferred to P & L A/c as loss on sale of machinery ?
25. Company Auditor is responsible-”

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