Commerce MCQs

Multiple choice questions of Subject Commerce Stock Market Questions and Answers pdf ( Stock Market Questions and Answers pdf Quiz ) for Entrances (Entrance Exam) Conducted by different Central and State Universities are given below.

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Stock Market Questions and Answers pdf | Stock Market MCQ pdf

1. Stock exchange

(a) helps in the fixation of stock prices

(b) ensures safe and fair dealing

(c) induces good performance by the company

(d) All of the above

Ans. d

2. In BSE, shares are divided into

(a) two categories

(c) four categories

(b) three categories

(d) five categories

Ans. d

3. The first stock exchange was set-up in India in 

(a) 1905

(b) 1887

(c) 1923

(d) 1908

Ans. b

4. Mumbai stock exchange was recognised on a permanent basis in

(a) 1956

(b) 1957

(c) 1958

(d) 1960

Ans. b

5. Who can trade in the stock exchange?

(a) Any body

(b) Stock exchange member

(c) Any Indian person

(d) Only member of the company

Ans. b

6. Book building is managed mainly by

(a) registrar

(b) lead manager

(c) registrar and book runner

(d) lead manager and book owner

Ans. d

7. According to SEBI guidelines,

(a) all the new issues should be in the depository mode

(b) all the A group shares should be traded through NSDL

(c) all the B group shares should be traded through NSDL

(d) All of the above

Ans. a

8. Inter-connected stock exchange is to interlink

(a) the BSE, NSE, OTCEI

(b) all the stock exchanges

(c) fifty regional stock exchanges

(d) forty regional stock exchanges

Ans. c

9. The accounting period cycle of NSE is

(a) Wednesday to next Tuesday

(b) Tuesday to next Wednesday

(c) Monday to next Friday

(d) Wednesday to next Wednesday

Ans. a

10. The SENSEX has

(a) 40 stocks

(c) 55 stocks

(b) 30 stocks

(d) 60 stocks

Ans. b

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Multiple choice questions of Subject Commerce Company Secretary MCQ with Answers PDF ( Company Secretary MCQ with Answers PDF Quiz ) for Entrances (Entrance Exam) Conducted by different Central and State Universities are given below.

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Company Secretary MCQ with Answers PDF | a Company Secretary has to be

1. Acompany secretary should have thorough kowledge of provisions of

(a) income tax

(b) Companies Act

(c) labour law

(d) All of the above

Ans. d

2. Minimum number of directors in a private company is

(a) 1

(c) 3

(b) 2

(d) 4

Ans. b

3 What is not included in the remuneration of director under Companies Act?

(a) Salary

(b) incentive in profit

(c) Fee paid as managing director

(d) Fees of attending the meeting

Ans. d

4. If a director fails to attend three consecutive meetings, without seeking permission of the Board of Directors, then what may be the consequences in this case?

(a) He will not become director of any company further

(b) He has to vacant his office

(c) He will have to pay a tine of rs. 50000

(d) Any one of the above

Ans. b

5. Qualification share is related with

(a) auditor of the company

(b) officer of the company

(c) director of the company

(d) None of these

Ans. c

6. Minimum number of directors in a public company is

(a) 1

(b) 2

(c) 3

(d) 4

Ans. c

7. A person who is company secretary and director of company is

(a) employee director

(c) executive director

(b) non-executive director

(d) independent director

Ans. c

8. The appointment of a statutory auditor under Section 224A is with reference to 25% of

(a) paid-up capital

(b) issued capital

(c) subscribed capital

(d) only equity capital

Ans. c

9. A special notice is required for

(a) removal of a member

(b) removal of the company secretary

(c) removal of a nominee director

(d) None of the above

Ans. d

10. Age limit of a director in a public company is

(a) 50

(c) 65

(b) 60

(d) no limit

Ans. c

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Multiple choice questions of Subject Commerce Income Tax MCQ with Answers pdf ( Income Tax MCQ with Answers pdf Quiz ) for Entrances (Entrance Exam) Conducted by different Central and State Universities are given below.

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Income Tax MCQ with Answers pdf | income tax multiple choice questions pdf

1. Residential status is to be determined for

(a) previous year

(c) accounting year

(b) assessment year

(d) Any one of them

Ans. a

2. Incomes which accrue or arise outside India but are received directly into India are taxable in the hands of

(a) resident only

(b) both ordinarily resident and NOR

(c) non-resident

(d) all the assesses

Ans. d

3. Income deemed to accrue or arise in India is taxable in case of

(a) resident only

(b) both ordinarily resident and NOR

(c) non-resident

(d) all the assesses

Ans. d

4. Income which accrue outside India from a business head office of which is situated in India is taxable in case of

(a) resident only

(b) not ordinarily resident only

(c) both ordinarily resident and NOR

(d) non-resident

Ans. c

5. Income which accrue or arise outside India and also received outside India taxable in case of

(a) resident only

(b) not ordinarily resident

(c) Both ordinarily resident and NOR

(d) None of the above

Ans. a

6. How many heads of income are there?

(a) Five

(b) Eight

(c) Seven

(d) Six

Ans. a

7. Agricultural income is

(a) fully exempt

(b) partially exempt

(d) partially taxable

(c) fully taxable

Ans. a

8. The partial integration of agricultural income is done to compute tax on

(a) agricultural income

(c) Both ‘a’ and ‘b’

(b) non- agricultural income

(d) None of the above

Ans. b

9. Tl of a person is determined on the basis of his

(a) residential status in India

(b) citizenship in India

(c) Both ‘a’ and b’

(d) None of these

Ans. a

10. Once a person is a resident in a previous year, he shall be deemed to be resident for subsequent previous year

(a) True

(b) False

(c) Partly true

(d) None of these

Ans. b

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Multiple choice questions of Subject Commerce Solved Entrepreneurship MCQ ( Entrepreneurship MCQ Quiz ) for Entrances (Entrance Exam) Conducted by different Central and State Universities are given below.

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Entrepreneurship MCQ | Entrepreneurship Development MCQ Questions and Answers PDF

1. What is an entrepreneur?

(a) Someone who invests time and money to start a business

(b) Someone who makes a lot of money

(c) Someone who takes a risk to make a profit

(d) Both ‘a’ and ‘c

Ans. d

2. Entrepreneurs undertake

(a) calculated risk

(b) low risk

(c) high risk

(d) moderate and calculate risk both

Ans. c

3. Capital is

(a) money available to invest

(b) prohibitive cost of entry

(C) a guarantee that a company will be successful

(d) Both ‘a’ and ‘b’

Ans. a

4. Which of the following shows the process of creating something new?

(a) Business model

(c) Modelling

(b) Innovation

(d) Creative flexibility

Ans. b

5. In economics, which of the following is not a function of entrepreneur? 

(a) Risk-taking

(b) Innovation

(c) Day-to-day conduct of business

(d) None of the above

Ans. c

6. Which one of the following gives suggestions for new products and also helps to market new products?

(a) Existing products and services

(b) Federal government

(c) Distribution channels

(d) Consumers

Ans. c

7. Which of the following attitudes is not generally associated with successful entrepreneurship?

(a) Investing in R and D

(b) Live your business day by day

(c) Innovate and improvise continually

(d) Produce as per customers requirements

Ans. b

8. The entrepreneur was distinguished from capital provider in

(a) middle ages

(c) 18th century

(b) 17th century

(d) 19th and 20th century

Ans. c

Entrepreneurship Development MCQ Questions and Answers PDF | Entrepreneurship MCQ | Entrepreneurs are Motivated by MCQ

9. A person who managed large project was termed as the entrepreneur in the.

(a) sarliest period

(c) 17th century

(b) middle ages

(d) 19th and 20th century

Ans. b

10. What is the process by which individuals pursue opportunities without regard to resources they currently control?

(a) Start-up management

(c) Feasibility planning

(b) Financial analysis

(d) Entrepreneunhip

Ans. d

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Multiple choice questions of Subject Commerce Internal Auditor Is Appointed By MCQ ( Internal Auditor Is Appointed By MCQ Quiz ) for Entrances (Entrance Exam) Conducted by different Central and State Universities are given below.

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Internal Auditor is Appointed by MCQ | Auditing is Compulsory for MCQ

1. Various types quality

(a) product

(c) management (system)

(b) process

(d) All of these

Ans. d

2. When the auditor is an employee of the organisation being audited (auditee), the audit is classified as quality audit.

(a) internal 

(b) external

(d) Both ‘a’ and ‘b’

(c) compliance

Ans. a

3. A blue print of the plan for conducting the audit work known as

(a) audit report

(b) audit prograrmme

(d) All of these

(c) audit notebook

Ans. b

4. In case of time constraint, audit is conducted through

(a) test checking

(c) balance sheet audit

(b) routine checking

(d) None of these

Ans. b

5. A .. .. has been assigned the role of secretarial auditor.

(a) chartered accountant

(b) company secretary

(c) cost and management analyst

(d) corporate lawyer

Ans. b

6. The most comprehensive type of audit is the system audit which examines suitability and effectiveness of the system as a whole.

(a) quantity

(c) preliminary

(b) quality

(d) sequential

Ans. b

7. Who is basically considered the custodian authority for audit working papers?

(a) Auditor

(c) Managing director

(b) Company secretary

(d) All of these

Ans. a

8. The sole purpose of conducting the audit is to

(a) tind out the traudand punish the person responsible fort

(b) prepare the book of aocounts authenticabe and true

(c) certify the fnancial postion of the concern

(d) None of the above

Ans. b

9. From the foillowing, which is not a method of obtaining audit evidencel

(a) Observation

(c) Computation

(b) inspection

(d) Accounting statistics

Ans. d

10. In practice, an internal auditor is appointed by the

(b) Board of Directors

(d) management

(a) shareholders

(c) Central Govemment

Ans. d

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Multiple choice questions of Subject Commerce Business Law MCQ Questions with Answers pdf ( Business Law MCQ Questions with Answers pdf Quiz ) for Entrances (Entrance Exam) Conducted by different Central and State Universities are given below.

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Business Law MCQ Questions with Answers pdf | Business Law Solved MCQs pdf

1. Harish makes the following statement while negotiating the sale of his car, “This is the sharpest car in the market”. His statement may support a claim for

(a) misrepresentation

(b) fraud

(c) fraud and misrepresentation

(d) None of the above

Ans. d

2. Ram and Shyam entered into a contract whereby Ram agreed to sell Shyam ? 1,000 worth of heroin, an illegal substance. This is an example of a

(a) quasi contract

(b) void contract

(c) voidable contract

(d) secondary party beneficiary contract

Ans. b

3. Which of the following is not a consumer?

(a) The insurance company

(b) A licensee to run a phone

(c) A lottery ticket holder

(d) All of these

Ans. d

4. Which of the following is not covered under Consumer Protection Act?

(a) Aircraft

(c) Electricity

(b) Buildings

(d) All of these

Ans. b

5. By taking out insurance cover, an individual

(a) reduces the certainty of major loss

(b) reduces the risk of an accident

(c) transfers the risk to someone else

(d) converts the possibility of large losses to certainty of a small loss

Ans. d

6. Quasi contracts are the type of….. contract.

(b) void

(d) None of these

(a) valid

(c) voidable

Ans. a

7. Who can accept the bill?

(a) The drawer of the bill

(b) A drawer in case of need

(c) An acceptor for honour

(d) All of the above

Ans. d

8. Which of the following statements about the Consumer Protection Act, 1987 is false?

(a) The Act came into force on 1st March, 1988 and applies to damage caused by defective goods circulated after that date

(b) The Act imposes liability on businesses and private individuals

(c) The Act places strict liability for defective products on a number of possible defendants

(d) Liability under the Act cannot be limited or excluded

Ans. b

9. The body of law which establishes rights between persons and provides for redress for violation of those rights is known as

(a) criminal law

(b) civil law

(c) the uniform commercial code

(d) stare decisis

Ans. b

10. In case of the sale of motor cycle, if defects are related to engine, what it will be called?

(b) Latent defects

(d) All of these

(a) Technical defects

(c) Patent defects

Ans. b

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Multiple choice questions of Subject Commerce MCQ Company Law Quiz Questions and Answers ( Company Law Quiz Questions and Answers ) for Entrances (Entrance Exam) Conducted by different Central and State Universities are given below.

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Company Law Exam Questions and Answers PDF

1. Which companies are exempted to add ‘Ltd’ or ‘Pvt Ltd’ at the end of their name?

(a) Private

(c) Defunct

(b) Government

(d) Association not for profits

Ans. d

2. Under which Section, a private company can voluntarily converted into public company

(b) 44

(a) 34

(c) 54

(d) 64

Ans. b

3. In which one or of the following companies, a member does not have a right to appoint proxy?

(a) Public company having share capital

(b) Public company not having share capital

(c) Private company not having share capital

(d) None of the above

Ans. b

4. In case of non-profit making companies, notice of general meeting should be given within days.

(c) 21

(a) 14

(b) 15

(d) 22

Ans. a

5. A private company can freely converted into public company under which section?

(a) 44

(b) 56

(c) 33

(d) 34

Ans. a

6. Accepting of deposits from public in case of private company is

(a) prohibited

(c) acceptable

(b) restricted

(d) None of these

Ans. a

7. XYZ Company is having 10% share capital held by another public company and 35% held by Central Government and 55% held by people, then that company is

(a) government company

(C) public company

(b) private company

(d) None of these ‘

Ans. c

8. How many members should sign the MOA in case of private company?

(a) 1

(c) 3

(b) 2

(d) 4

Ans. b

9. Which of the following is/are not required to issue prospectus?

(a) Private company

(c) Sweat equity issue

(b) In case of right issue

(d) All of these

Ans. d

10. Which of the following book is generally not mandatory to be kept by a company?

(a) All receipts and expenditure of the company

(b) All sales and purchase of the company

(c) Details of numbers of units produced of each product

(d) Assets and Liabilities of the company

Ans. c

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Multiple choice questions of Subject Commerce Multiple Choice Questions on Industrial Policy | Five Year Plan MCQ pdf ( Multiple Choice Questions on Industrial Policy | Five Year Plan MCQ pdf Quiz ) for Entrances (Entrance Exam) Conducted by different Central and State Universities are given below.

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Multiple Choice Questions on Industrial Policy | Describe the industrial policy 1991 towards the public sector

1. Which one among the following Five Year Plans of Indian economy diversified the planning shifting focus from heavy and basic industries to new sunrise industries like telecommunication, computers, electronics?

(a) 2nd Five Year Plan

(b) 4th Five Year Plan

(d) 9th Five Year Plan

(c) 7th Five Year Plan

Ans. c

2. In which of the following industries, enterprise’s investment in plant and machinery is upto ? 25 lakh?

(a) Small-scale industries

(b) Ancillary industry

(c) Tiny enterprises

(d) Small-scale service enterprises

Ans. c

3. Statement I Exports from SEZ have grown more than 2000% from 2003-04 to 2010-11.

Statement II FDI is allowed in SEZ under automatic route.

Codes (a) Statement I is true but statement II is false

(b) Statement Il is true but statement I is false

(c) Both statements are true

(d) Both statements are false

Ans. a

4. What do you mean by DGTD?

(a) Director General of Trade Development

(b) Director General of Total Development

(c) Director General of Technical Development

(d) None of the above

Ans. c

5. Assertion (A) NIMZS are integrated industrial townships with world class social and physical infrastructure.

Reason (R) National Investments and Manufacturing Zones (NIMZS) will be established on lands which are degraded and uncultivable.

Codes (a) Both A and

(b) A is false but R is true

(c) Both A and R are true are false

(d) A is true but R is false

Ans. c

6. The national development council committee on backward areas was constituted in September

(a) 1963

(c) 1968

(b) 1964

(d) 1969

Ans. d

7. Which one of the following economists proposed the LPG model of economic development in India?

(a) Dr C Rangarajan

(b) Dr Montek Singh Ahluwalia

(c) Dr Amartya Sen

(d) Dr Manmohan Singh

Ans. d

8. In the context of India’s Five Year Plans, a shift in pattern of industrialisation with lower emphasis on the heavy industry and move on infrastructure begins in

(a) 4th Plan

(c) 8th Plan

(b) 6th Plan

(d) 10th Plan

Ans. b

9. The headquarter of ILO is at

(a) Washington

(c) The Hague

(b) Geneva

(d) Manila

Ans. b

10. Which one of following is not an immediate indicator of industrial sickness?

(a) Drop in profitability

(b) Labour unrest

(c) Shrinking of market credit

(d) Decline in market share

Ans. d

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