62.
Read the following statements and mark your answer:
I. Return on investment (R.O.I.) is calculated as part on final accounts preparation exercise
II. Inventory valuation is a must for ascertaining profit by preparation of Trading Account
III. Operational audit is a statutory requirement for a company auditor
IV. Garner Vs. Murray relates to settlement of accounts on insolvency of a partner of the firm

63.
Match List-I with List-II and select the correct answer using the options given below the lists:
List-I List-II
a. Communication system 1. Multigraph
b. Filing system 2. E-mail
c. Duplicate copies 3. Franking Machine
d. Fixing stamp 4. Pigeon holes

65.
XYZ Ltd. has provided the following information about its balance sheet:
Cash Rs. 100
Accounts Receivable Rs. 500
Stock holder equity Rs. 700
Accounts Payable Rs. 200
Bank Loan Rs. 1,000
Based on the information provided, how much are XYZ Ltd. total liabilities?

69.
Which of the following statements are false?
Indicate the correct answer.
(i) Grey market is a market for dealing in listed securities.
(ii) OTCEI is mainly intended for big investors.
(iii) Insider Trading is legally permitted in the capital market.
(iv) The device adopted to make profit out of the differences in prices of a security in two different markets is called 'arbitrage'.

70.
Horizontal combination means:

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