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Commerce Questions and Answers for Competitive Exams | Commerce Quiz Set 12

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Free Download as PDF Commerce Quiz Questions and Answers for Competitive Exams or solved MCQs with answers. These quiz objective questions are helpful for competitive exams SSC, UPSC, IAS, IPS, CDS, NDA, Railways or RRB, psc exams of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, West Bengal, Chhattisgarh, Uttarakhand, Jharkhand, Telangana etc.
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(1) India suffered from deficit balance both in trade balance and net invisibles, hence, took up a number of steps to manage this problem. Which one is not appropriate for this ?
[1] Export control
[2] Current Account Convertibility
[3] Liberalised Export Policy
[4] Unified Exchange Rate
Answer: Export control
(2) The value of free accommodation in Delhi provided by employer in the private sector is
[1] 10% of salary
[2] 20% of salary
[3] 15% of salary
[4] 25% of salary
Answer: 15% of salary

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(3) Under the Income Tax Act, 1961 unabsorbed depreciation can be carried forward for set-off purpose
[1] For 4 years
[2] For 5 years
[3] For 8 years
[4] For unspecified period
Answer: For unspecified period
(4) Which of the following denote the structural changes in Indian economy ?
[1] Primary sector contribution has gone down
[2] Service sector contribution has gone up.
[3] Secondary sector has not changed much
[4] All of the above
Answer: All of the above
(5) Broad Money has to be sensitized through :
[1] CRR
[2] SLR
[3] Repo Rate
[4] All of the above
Answer: All of the above
(6) Which one is not an element of legal environment ?
[1] Act of Parliamentarians in Lok Sabha
[2] Indian Contract Act, 1872
[3] Indian Partnership Act, 1932
[4] Negotiable instruments Act, 1881
Answer: Act of Parliamentarians in Lok Sabha
(7) Conversion cost is the sum of
[1] Indirect wages and factory overhead
[2] Direct material cost and indirect wages
[3] Direct wages, direct expenses and factory overhead
[4] Prime cost and selling & distribution overhead
Answer: Direct wages, direct expenses and factory overhead
(8) Normally Demand curve slopes
[1] Upward
[2] Downward
[3] Horizontal
[4] Vertical
Answer: Downward
(9) According to Kieth Devis, which one is not a barrier of communication ?
[1] Physical Barriers
[2] Technological Barriers
[3] Personal Barriers
[4] Linguistic Barriers
Answer: Technological Barriers
(10) While establishing relation between Maslow’s and Herzberg’s theories, which Needs of Hierachy Theory will fall under the Hygiene Factors ?
[1] Self actualisation, esteem and social needs
[2] Esteem, social and safety needs
[3] Social, safety and physiological needs
[4] Only social needs
Answer: Social, safety and physiological needs
(11) All the activities involved in selling goods or services directly to final consumers for personal non-business uses are done by
[1] Wholesalers
[2] Retailers
[3] Mediators
[4] Commission Agents
Answer: Retailers
(12) To manage a business well is to manage its future and to manage the future is to manage information is termed as
[1] Marketing information system
[2] Management information system
[3] Future information system
[4] General information system
Answer: Management information system
(13) DAGMAR approach in marketing is used to measure
[1] Public relations
[2] Advertising results
[3] Selling volume
[4] Consumer satisfaction
Answer: Consumer satisfaction
(14) Which one is not an important objective of Financial Management ?
[1] Profit Maximisation
[2] Wealth Maximisation
[3] Value Maximisation
[4] Maximisation of social benefits
Answer: Maximisation of social benefits
(15) Which one refers to cash inflow under payback period method ?
[1] Cash flow before depreciation and taxes
[2] Cash flow after depreciation and taxes
[3] Cash flow after depreciation but before taxes
[4] Cash flow before depreciation and after taxes
Answer: Cash flow after depreciation and taxes

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