Free Commerce Quiz with Answers
1. Management by Exception is to improve–
(A) control over personnel (B) strategic management
(C) steady flow of information (D) high morale
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2. Job Evaluation is carried on mainly for–
(A) identifying geographical locational factors of business enterprise
(B) promoting job satisfaction
(C) simplifying wage administration
(D) meeting competition effectively
See Answer:
3. In which one of the following, Crisis Management is reflected ?
(A) Future expansion plans of business
(B) Organization Development Programme
(C) Short-term Manpower Planning
(D) Prudent managerial leadership
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4. Which one of the following is the most appropriate task of office management ?
(A) Creation of profit centre (B) Creation of control centre
(C) Making office supplies available (D) Supervision of production Quality Control
See Answer:
5. Which one of the following functions is served most by information technology ?
(A) Replacement of human labour
(B) Provision for a handle to the management to improve industrial relations
(C) Substitution of human information processing
(D) Rationalisation of office work
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6. Dividend can be paid generally out of–
(A) share premium account (B) capital redemption reserve account
(C) current year’s profits (D) All of these
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7. A company can forfeit shares if the–
(A) shareholder fails to pay the amount of the call during the stipulated time
(B) shareholder pays calls in advance
(C) shareholder does not pay the application money
(D) shares have been issued at par
See Answer:
8. A company forfeited 30 equity shares of Rs. 10 each fully called-up, for non-payment of allotment money of Rs. 3 and call-money of Rs. 4 per share. If these shares are reissued at Rs. 8 per share fully paid, the amount transferable to capital reserve will be–
(A) Rs. 300 (B) Rs. 60
(C) Rs. 90 (D) Rs. 30
See Answer:
9. The current ratio is 3 : 2 and the amount of current liabilities is Rs. 40,000. What is the amount of current assets ?
(A) Rs. 60,000 (B) Rs. 70,000
(C) Rs. 80,000 (D) Rs. 1,00,000
See Answer:
10. Which one of the following ratios is likely to be affected the most on account of price level changes ?
(A) Current Ratio (B) Inventory Turnover Ratio
(C) Debtors’ Turnover Ratio (D) Fixed Assets Turnover Ratio
See Answer:
11. Any person aggrieved by any decision or order of the National Company Law Appellate Tribunal can appeal to which one of the following and within how much period ?
(A) High Court, within 30 days (B) Supreme Court within 60 days
(C) SEBI within 90 days (D) Department of Companies Affairs within 60 days
See Answer:
12. When an incoming partner purchases his share from any one of the existing partners, then–
(A) total assets of the firm do not change
(B) total assets of the firm will be augmented to the extent of payment received from the new partner
(C) total assets of the firm will be reduced to the extent of payment received from the new partner
(D) change in total assets of the firm will depend upon the new profit sharing ratio of the partners
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13. If the goodwill raised at the time of retirement of a partner is to be written-off, then the capital accounts of the remaining partners are debited in–
(A) New profit sharing ratio (B) Capital ratio
(C) Old profit sharing ratio (D) Sacrificing ratio
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14. Which one of the following securities cannot be issued by a Public Limited Company in India ?
(A) Participating preference shares (B) Redeemable preference shares
(C) Deferred shares (D) Debentures.
See Answer:
15. The tool used by auditor to monitor and control the progress of audit work is–
(A) Engagement diary (B) Audit programme
(C) Audit working papers (D) Audit notes.
See Answer:
16. Which one of the following is not an objective of the introduction of Primary Dealer System ?
(A) To encourage a voluntary holding of govt. securities amongst a wider investor base
(B) To make Primary Dealer System an effective conduct of open market operations
(C) To strengthen the private equity infrastructure
(D) To strengthen the govt. securities infrastructure
See Answer:
17. The Open Market Operations [OMOs] is an important tool of–
(A) Forex management (B) Liquidity management
(C) Inventory management (D) Marketing management
See Answer:
18. Which one of the following statements is false ?
(A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank
(B) The RBI manages longterm liquidity through rapos
(C) The RBI manages longterm liquidity through Open Market Operations
(D) Open Market Operations do not alter the total stock of govt. securities but change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks
See Answer:
19. Which Stock Exchange was the first to introduce a transparent, screen-based trading system in the wholesale debt market including govt. securities in 1994 ?
(A) Bombay Stock Exchange (B) Delhi Stock Exchange
(C) National Stock Exchange (D) Jaipur Stock Exchange
See Answer:
20. The Government Securities are not issued through–
(A) Auction (B) Contract
(C) Sale (D) Private placement with the RBI
See Answer:
(A) control over personnel (B) strategic management
(C) steady flow of information (D) high morale
See Answer:
2. Job Evaluation is carried on mainly for–
(A) identifying geographical locational factors of business enterprise
(B) promoting job satisfaction
(C) simplifying wage administration
(D) meeting competition effectively
See Answer:
3. In which one of the following, Crisis Management is reflected ?
(A) Future expansion plans of business
(B) Organization Development Programme
(C) Short-term Manpower Planning
(D) Prudent managerial leadership
See Answer:
4. Which one of the following is the most appropriate task of office management ?
(A) Creation of profit centre (B) Creation of control centre
(C) Making office supplies available (D) Supervision of production Quality Control
See Answer:
5. Which one of the following functions is served most by information technology ?
(A) Replacement of human labour
(B) Provision for a handle to the management to improve industrial relations
(C) Substitution of human information processing
(D) Rationalisation of office work
See Answer:
6. Dividend can be paid generally out of–
(A) share premium account (B) capital redemption reserve account
(C) current year’s profits (D) All of these
See Answer:
7. A company can forfeit shares if the–
(A) shareholder fails to pay the amount of the call during the stipulated time
(B) shareholder pays calls in advance
(C) shareholder does not pay the application money
(D) shares have been issued at par
See Answer:
8. A company forfeited 30 equity shares of Rs. 10 each fully called-up, for non-payment of allotment money of Rs. 3 and call-money of Rs. 4 per share. If these shares are reissued at Rs. 8 per share fully paid, the amount transferable to capital reserve will be–
(A) Rs. 300 (B) Rs. 60
(C) Rs. 90 (D) Rs. 30
See Answer:
9. The current ratio is 3 : 2 and the amount of current liabilities is Rs. 40,000. What is the amount of current assets ?
(A) Rs. 60,000 (B) Rs. 70,000
(C) Rs. 80,000 (D) Rs. 1,00,000
See Answer:
10. Which one of the following ratios is likely to be affected the most on account of price level changes ?
(A) Current Ratio (B) Inventory Turnover Ratio
(C) Debtors’ Turnover Ratio (D) Fixed Assets Turnover Ratio
See Answer:
11. Any person aggrieved by any decision or order of the National Company Law Appellate Tribunal can appeal to which one of the following and within how much period ?
(A) High Court, within 30 days (B) Supreme Court within 60 days
(C) SEBI within 90 days (D) Department of Companies Affairs within 60 days
See Answer:
12. When an incoming partner purchases his share from any one of the existing partners, then–
(A) total assets of the firm do not change
(B) total assets of the firm will be augmented to the extent of payment received from the new partner
(C) total assets of the firm will be reduced to the extent of payment received from the new partner
(D) change in total assets of the firm will depend upon the new profit sharing ratio of the partners
See Answer:
13. If the goodwill raised at the time of retirement of a partner is to be written-off, then the capital accounts of the remaining partners are debited in–
(A) New profit sharing ratio (B) Capital ratio
(C) Old profit sharing ratio (D) Sacrificing ratio
See Answer:
14. Which one of the following securities cannot be issued by a Public Limited Company in India ?
(A) Participating preference shares (B) Redeemable preference shares
(C) Deferred shares (D) Debentures.
See Answer:
15. The tool used by auditor to monitor and control the progress of audit work is–
(A) Engagement diary (B) Audit programme
(C) Audit working papers (D) Audit notes.
See Answer:
16. Which one of the following is not an objective of the introduction of Primary Dealer System ?
(A) To encourage a voluntary holding of govt. securities amongst a wider investor base
(B) To make Primary Dealer System an effective conduct of open market operations
(C) To strengthen the private equity infrastructure
(D) To strengthen the govt. securities infrastructure
See Answer:
17. The Open Market Operations [OMOs] is an important tool of–
(A) Forex management (B) Liquidity management
(C) Inventory management (D) Marketing management
See Answer:
18. Which one of the following statements is false ?
(A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank
(B) The RBI manages longterm liquidity through rapos
(C) The RBI manages longterm liquidity through Open Market Operations
(D) Open Market Operations do not alter the total stock of govt. securities but change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks
See Answer:
19. Which Stock Exchange was the first to introduce a transparent, screen-based trading system in the wholesale debt market including govt. securities in 1994 ?
(A) Bombay Stock Exchange (B) Delhi Stock Exchange
(C) National Stock Exchange (D) Jaipur Stock Exchange
See Answer:
20. The Government Securities are not issued through–
(A) Auction (B) Contract
(C) Sale (D) Private placement with the RBI
See Answer:
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