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Miscellaneous in Commerce MCQ Questions and Solutions with Explanations | Commerce

Miscellaneous in Commerce MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Miscellaneous in Commerce MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-2 section-4

Each section contains 100 MCQs on Miscellaneous in Commerce .
11
Financial account provide summary of:
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Answer & Solution
Answer: Option C
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12
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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Answer & Solution
Answer: Option A
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13
Pneumatic tube is a device for
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Answer & Solution
Answer: Option D
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14
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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Answer & Solution
Answer: Option B
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15
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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Answer & Solution
Answer: Option C
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16
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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Answer & Solution
Answer: Option C
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17
Complete consolidation of business can be achieved through:
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Answer & Solution
Answer: Option C
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18
Opening stock + . . . . . . . . + Direct Expenses (Carriage on Raw material) - Closing Stock = . . . . . . . .
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Answer & Solution
Answer: Option C
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19
The amount brought in by the proprietor in the business should be credited to:
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Answer & Solution
Answer: Option B
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20
Which of the following is not a feature of payback period method?
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Answer & Solution
Answer: Option D
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