Miscellaneous in Commerce MCQ Questions and Solutions with Explanations

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-4 section-4

Financial Instruments which are issued with detachable warrants and are redeemable after certain period is known as:

A) Deep Discount Bonds B) Secured Premium Notes C) Bunny Bonds D) Junk Bonds

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Answer & Solution

Answer: Option B

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The SEBI, which was accorded the statutory status in the year 1992, acts as the regulator of

A) The stock exchanges which came in to being in and after B) The stock exchanges which are known as Over the Counter Exchange of India C) All the stock exchanges of the country irrespective of their dates of coming in to being D) None of the these

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Answer & Solution

Answer: Option C

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Which of the following statements about differences between financial and managerial accounting is incorrect?

A) Managerial accounting information is prepared primarily for external parties such as stockholders and creditors; financial accounting is directed at internal users B) Financial accounting is aggregated; managerial accounting is focused on products and departments C) Managerial accounting pertains to both past and future items; financial accounting focuses primarily on past transactions and events D) Financial accounting is based on generally accepted accounting practices; managerial accounting faces no similar constraining factors

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Answer & Solution

Answer: Option A

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The certificate which evidences an unsecured corporate debt of short-term maturity, is known as:

A) Certificate of Deposit B) Short-term loan certificate C) Treasury Bill D) Commercial paper

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Answer & Solution

Answer: Option D

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Derivative instrument is:

A) Swaps B) Equity C) Bond D) Share

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Answer & Solution

Answer: Option A

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Retained earnings will change over time because of several factors. Which of the following factors would explain an increase in retained earnings?

A) Net loss B) Net income C) Dividend D) Investment by shareholder

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Answer & Solution

Answer: Option B

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The primary function of an office is:

A) Making, using and preserving records B) Remunerating personnel C) Carrying out the Management policies D) Safeguarding of company's assets

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Answer & Solution

Answer: Option C

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In case of a debt becoming bad, the amount should be credited to:

A) Debtors Accounts B) Bad debts a/c C) Sales a/c D) None of these

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Answer & Solution

Answer: Option A

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Which of the following variables is not known in Internal Rate of Return method of capital budgeting?

A) Amount of cash inflows B) Life of the project C) Amount of cash outflows D) Discount rate

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Answer & Solution

Answer: Option D

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

List-I (Institution)	List-II (Year of Establishment)
a. Industrial Finance Corporation of India	1. 1971
b. Industrial Credit and Investment Corporation of India	2. 1990
c. Small Industrial Development Bank of India	3. 1995
d. Industrial Reconstruction Bank of India	4. 1948

A) a-4, b-3, c-2, d-1 B) a-1, b-2, c-3, d-4 C) a-3, b-1, c-4, d-2 D) a-2, b-4, c-1, d-3

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Answer & Solution

Answer: Option A

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