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-1 section-5

When a company is not earning profits, which of the following securities proves a burden on the finances of the company:

A) Equity shares B) Preference shares C) Redeemable preference shares D) Debentures

Discuss

Answer & Solution

Answer: Option D

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Steel Authority of India Ltd. (SAIL) is an example of:

A) Amalgamation B) Holding Company C) Cartel arrangement D) Community interest

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Answer & Solution

Answer: Option B

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If a company has contingent liabilities, they appear in the . . . . . . . .

A) Balance sheet B) Director's report C) Foot note down the balance sheet D) Chairman's report

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Answer & Solution

Answer: Option A

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The highest percentage of export from India went to which of the following regions in 2013-14?

A) OECD countries B) USA C) SAARC D) Latin America

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Answer & Solution

Answer: Option A

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Which one of the following statements is correct?

A) SEBI has been constituted under the Securities (Contract and Regulation) Act, 1956 B) SEBI is constituted from amongst the directors of various stock exchanges C) The purpose of issuing different types of rules and regulations by SEBI is to bring monetary gains to investors D) One of the object of setting up SEBI is to protect the interests of investors

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Answer & Solution

Answer: Option D

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Secondary market intermediaries for corporate securities in India are
(I) Investors
(II) Jobbers
(III) Brokers and sub-brokers
(IV) Portfolio consultants

A) I, II and III only B) II, III and IV only C) II and III only D) III and IV only

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Answer & Solution

Answer: Option B

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Outstanding salary account is a . . . . . . . . account.

A) Nominal account B) Real account C) Artificial person's account D) Representative personal account

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Answer & Solution

Answer: Option D

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The full form of ESOP is Employee . . . . . . . . plan.

A) Skill option B) Stock option C) Stock Ownership D) Skill Ownership

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Answer & Solution

Answer: Option C

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Return on Investment (ROI) ratio is calculated to measure the following:

A) Long term solvency of business B) Earning capacity of net assets of business C) Short-term liquidity position of business D) The relationship between goods sold and the inventory level

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Answer & Solution

Answer: Option B

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The allocation of owner's private expenses to his/her business violates which of the following?

A) Accrual concept B) Matching concept C) Separate business entity concept D) Consistency concept

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Answer & Solution

Answer: Option C

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