Miscellaneous in Commerce MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5

31.
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

Answer & Solution Discuss in Board Save for Later

32.
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

Answer & Solution Discuss in Board Save for Later

33.
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

Answer & Solution Discuss in Board Save for Later

34.
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

Answer & Solution Discuss in Board Save for Later

35.
Derivative instrument is:

A. Swaps

B. Equity

C. Bond

D. Share

Answer & Solution Discuss in Board Save for Later

36.
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

Answer & Solution Discuss in Board Save for Later

37.
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

Answer & Solution Discuss in Board Save for Later

38.
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

Answer & Solution Discuss in Board Save for Later

39.
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

Answer & Solution Discuss in Board Save for Later

40.
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

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

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

Miscellaneous in Commerce MCQ Questions and Solutions with Explanations | Commerce

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

Answer & Solution

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

Answer & Solution

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

Answer & Solution

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

Answer & Solution

35. Derivative instrument is:

Answer & Solution

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

Answer & Solution

37. The primary function of an office is:

Answer & Solution

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

Answer & Solution

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

Answer & Solution

Answer & Solution

Read More Section(Miscellaneous in Commerce)

31.
Financial Instruments which are issued with detachable warrants and are redeemable after certain period is known as:

32.
The SEBI, which was accorded the statutory status in the year 1992, acts as the regulator of

33.
Which of the following statements about differences between financial and managerial accounting is incorrect?

34.
The certificate which evidences an unsecured corporate debt of short-term maturity, is known as:

35.
Derivative instrument is:

36.
Retained earnings will change over time because of several factors. Which of the following factors would explain an increase in retained earnings?

37.
The primary function of an office is:

38.
In case of a debt becoming bad, the amount should be credited to:

39.
Which of the following variables is not known in Internal Rate of Return method of capital budgeting?