Free Commerce Quiz Certificate

Organizer : Department of Commerce , AJKCAS

About the Quiz

•For Commerce Students Only

Free Registration

E – certificate will be given to all the participants

Quiz Date : On 10th August 2022 , 10am

One Day State Level Virtual Inter Collegiate Fest’22 – Commerce Quiz dated 10-08-2022

Quiz

Private ownership of the means of production is a feature of an economy.*

Capitalist

Socialist

Mixed

Which of the following is not an example of Direct Tax?*

GST

Income Tax

Wealth Tax

Where is the corporate office of RBL Bank located?*

Bangaluru

Mumbai

Pune

Where is the headquarters of the Insurance Regulatory and Development Authority  (IRDA)?*

Hydrabad

Chennai

Bombay

Who is Father of Scientific Management?*

Henry Fayol

Elton Mayo

F. W. Taylor

The Life Insurance in India was nationalized in the year–*

1871

1960

1956

How is profit prior to incorporation treated as ?*

Revenue Reserve

Capital Reserve

Secret Reserve

The present World Economic Depression first of all, started from which country ?*

USA

France

United Emirates

In case of a company, “Buy Back” is related to–*

Prospectus

Shares

Debentures

The minimum and maximum number of members in a Private Company is–*

2and 50

2 and 20

2 and 10

Dividend paid between two Annual General Meetings is known as–*

Final dividend

Interim dividend

Special dividend

Which of the following is called Backbone of auditing?*

Vouching

Internal Check

Internal Control

The return on capital employed shows the combined effect of–*

net profit ratio and inventory turnover ratio

operating ratio and net profit ratio

net profit ratio and capital turnover ratio

First Auditor of a Company is appointed by the–*

Share holders

Central Government

Board of Directors

The meaning of written down value is–*

Original cost – Scrap value

Book value + Depreciation

Book value – Depreciation

A company auditor addresses his report to–*

Board of Directors

Members

Managing Director

Other:

The first Secretary of the company is appointed by–*

Shareholders

Promoters

Government

Which of the following is a personal account?*

Outstanding Expense

Investment

Share premium

Personal selling includes–*

Selling

Services to the customers

All of the above

Strategy is used in–*

Military

Business

Both

The loss on the sale of old furniture is debited to–*

profit & loss account

Depreciation account

both

Liability of a Company Secretary is–*

Contractual only

Statutory only

Both contractual and statutory

Bonus Shares are issued to–*

Equity Shareholders

Preference Shareholders

Debenture Holders

The Memorandum of Association shall be signed by each–*

director

shareholder

subscriber

The function of an Auditor is–*

To examine arithmetical accuracy of accounts

To detect and prevent errors

All of the above

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