Commerce Questions and Answers - Set 12

(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

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

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