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Commerce Questions and Answers for Competitive Exams | Commerce Quiz Set 9

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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) What does a high payout ratio indicate ?
[1] A High Earning Per Share (EPS)
[2] The management is not ploughing back enough profit
[3] The management is ploughing back profit
[4] The company is earning high profit
Answer: The management is not ploughing back enough profit
(2) X and Y are partners in a firm sharing profits in the ratios of 2 : 1. Z is admitted with a 1/3 profit sharing. What will be the new profit sharing ratio of X, Y and Z ?
[1] 3 : 3 : 3
[2] 4 : 3 : 2
[3] 4 : 2 : 3
[4] 2 : 3 : 4
Answer: 4 : 2 : 3

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(3) Which one of the following will not affect the working capital ?
[1] Realisation of cash from debtors.
[2] Sale of plant and machinery in cash
[3] Issue of equity shares
[4] Redemption of debentures.
Answer: Realisation of cash from debtors.
(4) The main effect of inflation on the financial statement is
[1] Profits are understated
[2] Overstatement of Assets
[3] Adequacy of funds for replacement of assets
[4] Erosion of capital
Answer: Erosion of capital
(5) Present value of future earnings is a model of Human Resources Accounting suggested by
[1] Brauch Lev & ABA Schwartz
[2] Jaggi & Lau
[3] S.K. Chakraborty
[4] Eric Flamhaltz
Answer: Brauch Lev & ABA Schwartz
(6) In India, which of the following is prepared on the guidelines of AS-3 (Accounting Standard – 3) ?
[1] Balance Sheet of a Company
[2] Funds Flow Statement
[3] Cash Flow Statement
[4] Consolidated Financial Statement
Answer: Cash Flow Statement
(7) Which element of the promotion mix do wholesalers generally apply to obtain their promotional objective ?
[1] Advertising
[2] Personal Selling
[3] Trade Promotion
[4] Direct Marketing
Answer: Trade Promotion
(8) Who has given ‘fourteen Principles of Management’ ?
[1] Barnard
[2] Henry Fayol
[3] F.W. Taylor
[4] Flemming
Answer: Henry Fayol
(9) What is M.B.O ?
[1] Management by Objective
[2] Multiple Business Organisation
[3] Management by Organisation
[4] Multiplicity of Business Operations
Answer: Management by Objective
(10) What is mass marketing ?
[1] Offering the same products and marketing mix to all consumers
[2] Offering variety of products to the entire market.
[3] Offering differentiated products to all customers.
[4] Following concentrated marketing strategy
Answer: Offering the same products and marketing mix to all consumers
(11) Which concept of marketing is based on the assumption that superior products sell themselves ?
[1] Production
[2] Marketing
[3] Societal
[4] Product
Answer: Product
(12) In broader sense, marketing communication includes
[1] Product
[2] Price
[3] Place
[4] All
Answer: All
(13) Physical distribution provides
[1] Place utility
[2] Time utility
[3] Place and Time utility
[4] Form utility
Answer: Place and Time utility
(14) What is relevant to place variable of marketing mix ?
[1] Branding
[2] Price penetration
[3] Sales personnel motivation
[4] None
Answer: Sales personnel motivation
(15) Market sub-divided on the basis of behavioural characteristics is called
[1] Segmentation
[2] Aggregation
[3] Precision
[4] None of the above
Answer: Segmentation

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