Commerce · all questions

Miscellaneous in Commerce
practice.

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Q301

Contingent liabilities should be recorded in the accounts when:

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Q302

Match List-I with List-II and select the correct answer using the option given below the lists:

List-I (Financial Institution)	List-II (Year of Establishment)
a. I.F.C.I.	1. 1981
b. SIDBI	2. 1982
c. NABARD	3. 1948
d. EXIM bank	4. 1990

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Q303

Net profit is calculated in:

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Q304

Variable cost per unit:

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Q305

The means of retaining information by photocopying records on roles of films is known as:

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Q306

The return of goods by the customer should be debited to:

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Q307

Reinvestment of profits means-
OR
Ploughing back of profit

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Q308

Which of the following does NOT come under the definition of 'information' as per the Right to Information Act (RTI Act), 2005?

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Q309

Given:
Initial investment : Rs. 50,000
Depreciation per year : Rs. 2,000
Constant annual cash flow : Rs. 10,000
Pay back period will be:

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Q310

Outstanding salary is shown as:

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Q311

Financial account provide summary of:

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Q312

With regard to entrepreneur, which of the following statement is/are correct?
(1) Entrepreneur helps in import-substitution.
(2) Entrepreneur helps in export-substitution.
Choose the correct answer using the option given below:

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Q313

Pneumatic tube is a device for

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Q314

Match the following methods of capital budgeting with respective formulas:

Method	Formulas
a. ARR method	1. Present Value of Cash Inflows - Present Value of Cash Outflows
b. Pay back period Method	2. Present Value of Cash Inflows ÷ Present Value of Cash Outflows
c. NPV Method	3. Average Income ÷ Average Investment
d. Probability Index	4. Investment ÷ Annual Cash Inflows

Choose the correct option from those given below

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Q315

Which of the following statements is correct in regards to economic policy?
(1) Fiscal policy is enacted by a Central Government.
(2) Monetary policy is enacted by Central bank.

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Q316

Calculate the prime cost from the following information:
Direct material purchased: Rs. 1,00,000
Direct material consumed: Rs. 90,000
Direct labour: Rs. 60,000
Direct expenses: Rs. 20,000
Manufacturing overheads: Rs. 30,000

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Q317

Complete consolidation of business can be achieved through:

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Q318

Opening stock + . . . . . . . . + Direct Expenses (Carriage on Raw material) - Closing Stock = . . . . . . . .

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Q319

The amount brought in by the proprietor in the business should be credited to:

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Q320

Which of the following is not a feature of payback period method?

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