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-8 section-2

Debit what come in Credit what goes out rule for:

A) Real a/c B) Personal a/c C) Nominal a/c D) None of these

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Answer & Solution

Answer: Option A

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Consider the following case.
DTC runs a bus in a particular route and a passenger gets into the bus anticipating that it will drop him at the desired place in between the route in which it is being plied in exchange for certain fare or fees. Such a kind of contract between the passenger and the bus operator will be:
(Choose the most appropriate option in the given context.)

A) Express Contract B) Implied Contract C) Specific Offer D) General Offer E) Void Offer

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Answer & Solution

Answer: Option D

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If closing stock appears in the trial balance, it should be:

A) Credited to the trading account B) Credited to the profit and loss account C) Deducted from the purchases in the trading account D) Shown on the liability side of the balance sheet

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Answer & Solution

Answer: Option A

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In which method of filing letters are kept standing?

A) Horizontal B) Vertical C) Pigeonhole D) Box

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Answer & Solution

Answer: Option B

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In reference to theories of entrepreneurship, which of the following is not correctly matched?

A) Schumpeter ⇔ Theory of Innovation B) McClelland ⇔ Theory of High Achievement C) Hagen ⇔ Theory of Social Change D) Young ⇔ Theory of Religious Belief System

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Answer & Solution

Answer: Option D

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Which of the following method of investment valuation does not take into account the present value of money?

A) Pay back period method B) Net present value method C) Internal rate of return policy D) Profitability index

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Answer & Solution

Answer: Option A

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Which of the following is not an internal user of management information?

A) Creditor B) Department manager C) Controller D) Treasurer

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Answer & Solution

Answer: Option A

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

List-I (Type of Entrepreneurs)	List-II (Characteristics)
a. Innovating	1. Aggressive in experimentation
b. Imitating	2. Refusal to adopt or make changes in production
c. Fabian	3. Readiness to adopt successful innovation
d. Drone	4. Great caution or scepticism in practicing any change

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

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Answer & Solution

Answer: Option B

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Which one of the following functions is not performed by a Stock Exchange:

A) Facilitating conversion of debt into equity B) Ensuring liquidity of investment C) Helping corporate bodies to raise fresh capital from the market D) Providing continuous market for securities

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Answer & Solution

Answer: Option A

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PIN code is concerned with:

A) Railway reservation B) Banking services C) Postal services D) Internet

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Answer & Solution

Answer: Option C

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