Commerce Questions and Answers for Competitive Exams | Commerce Quiz Set 11

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Questions
1 Which one of the following is a relative measure of dispersion ?
1 Standard deviation
2 Variance
3 Coefficient of variation
4 None of the above

Answer: Coefficient of variation
2 The flagship project of Government of India launched for generating guaranteed employment in rural areas is known as
1 PMRY
2 JRY
3 MNREGA
4 NREP

Answer: MNREGA
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3 Which of the following is not included in the assumptions on which Myron Gordon proposed a model on stock valuation ?
1 Retained earnings, the only source of financing
2 Finite life of the firm
3 Taxes do not exist
4 Constant rate of return on firm’s investment

Answer: Finite life of the firm
4 The conflicts in project ranking in capital budgeting as per NPV and IRR may arise because of
1 Size disparity
2 Time disparity
3 Life disparity
4 All the above

Answer: All the above
5 The degree of financial leverage reflects the responsiveness of
1 Operating income to changes in total revenue
2 EPS to changes in EBIT
3 EPS to changes in total revenue
4 None of the above

Answer: EPS to changes in EBIT
6 The overall capitalisation rate and the cost of debt remain constant for all degrees of financial leverage is advocated by
1 Traditional Approach
2 Net Income Approach
3 Net Operating Income Approach
4 M-M-Approach

Answer: Net Operating Income Approach
7 Balance of Payment includes components
1 Revenue Account, P & L Account, Capital Account, Official Account
2 Current Account,Capital Account,Unilateral Payments Accounts, Official Settlement Account
3 Trade Account, Activity Account, Revenue Account, Currency Account
4 Forex Account, Trade Account, Funds Account

Answer: Current Account,Capital Account,Unilateral Payments Accounts, Official Settlement Account
8 BRICS includes
1 Bhutan, Romania, Indonesia, Chile and South Korea
2 Brazil, Russia, Indonesia, Chile and Sudan
3 Brazil, Russia, India, China and South Africa
4 Britain, Russia, India, Czechoslovakia, Sri Lanka

Answer: Brazil, Russia, India, China and South Africa
9 Out of the following, one is not related with WTO
1 TRIPS
2 Ministerial Conference
3 TRIMS
4 TRAI

Answer: TRAI
10 The commercial banks do not perform one function out of the following :
1 Mobilisation of savings
2 Giving Loans and Advances
3 Issuing Currency Notes
4 Financing Priority Sectors

Answer: Issuing Currency Notes
11 Factoring and forfeiting have not taken off in the Indian economy due to lack of expertise and experience. One is not included in the factoring services rendered.
1 Purchase of book debts and receivables
2 Prepayment of debts partially or fully
3 Giving advice
4 Covering the credit risk of the suppliers

Answer: Giving advice
12 Which one is not the form of FDI ?
1 Purchase of existing assets in foreign currency
2 New Investment in property, plant, equipment
3 Making investment in the mutual funds
4 Transfer of many types of assets

Answer: Making investment in the mutual funds
13 One of the items is not related with e-banking
1 Demand Draft
2 SPNS
3 ECS
4 ATM

Answer: Demand Draft
14 Which one of the following is not the advantage of MNCs to the host country ?
1 Increase in social activity
2 Increase in economic activity
3 Utilisation of natural resources
4 R & D efforts enhanced

Answer: Increase in social activity
15 Which of the following is not a capital asset under capital gains head of income ?
1 Stock in trade
2 Goodwill of business
3 Agricultural Land in Delhi
4 Jewellery

Answer: Stock in trade

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