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