Free Printable B.COM BUSINESS QUIZ 2022

1.

The index number of base year always

a)

100

b)

101

c)

200

d)

201

2.

In the Regression Equation Y=a+bx+y is called

a)

Independent Variable

b)

Dependent Variable

c)

Continuous Variable

d)

None of the above

3.

The data collected by the way of interview is

a)

Primary Data

b)

Secondary Data

c)

Both

d)

None of the Above

4.

Find the mean of 100, 200, 300,400,500

a)

300

b)

250

c)

150

d)

200

5.

The Co-efficient of correlation will be always

a)

More than 0

b)

More than 1

c)

Less than 1

d)

Between -1 and +1

6.

The relationship between two variables

a)

Time series analysis

b)

Correlation

c)

Hypothesis

d)

None of the above

7.

Which is the measures of central tendency

a)

Mode

b)

Variance

c)

Co-efficient of Variation

d)

None of the above

8.

We can measure the cause and effect relationship by

a)

Time series analysis

b)

Correlation analysis

c)

Regression analysis

d)

Cross-sectional analysis

9.

The measure of dispersion which uses only two observation is called

a)

Mean

b)

Range

c)

Median

d)

Mode

10.

Mean Deviation Computed from set of data is always

a)

Negative

b)

Equal to Standard Deviation

c)

More than Standard Deviation

d)

Less than Standard deviation

11.

Who is the head of GST council

a)

Shakithikanta Das

b)

Ashwini Vaishnaw

c)

Nirmala Sitharaman

d)

Narendra Modi

12.

Which of the following tax rate is not applicaple under GST

a)

5 %

b)

12 %

c)

18 %

d)

25 %

13.

GST is a __________ based on consumption of Goods and Services

a)

Dividend

b)

Duration

c)

Destination

d)

None of the above

14.

What are the taxes levied on Interstate Supply

a)

CGST

b)

SGST

c)

Both CGST and SGST

d)

IGST

15.

Which tax was obolished by GST

a)

Direct Tax

b)

Wealth Tax

c)

Service Tax

d)

Corporate Tax

16.

Concept of GST is Derived from Which Country

a)

Canada

b)

America

c)

England

d)

Pakistan

17.

What does 'I' in IGST Stands for

a)

Internal

b)

Inter

c)

Integrated

d)

Intra

18.

The head quarters of GST council is located at

a)

New Delhi

b)

Mumbai

c)

Noida

d)

Ranchi

19.

GST was implemented in India from

a)

1st January 2017

b)

1st April 2017

c)

1st March 2017

d)

1st July 2017

20.

Identify the personality in the image given

a)

Head of GST Council

b)

Head of Direct Taxes

c)

Head of Army

d)

None of the Above

21.

Management accounting is related

a.the problem of choice making

b.recording of transactions

c.cause and effect relationships

a)

A and b

b)

A, B and C

c)

A and C

d)

A only

22.

Which of the following is not included in profit and loss account ratio?

a)

Net profit ratio

b)

Gross profit ratio

c)

Operating ratio

d)

Debt-equity ratio

23.

The basic function of management accounting is

a)

To serve Government.

b)

To serve the management in performing it's function effectively.

c)

To serve the public.

d)

None of the above

24.

The ratio of shareholders funds to total assets of the company is called:

a)

Current ratio

b)

Efficiency ratio

c)

Proprietary ratio

d)

Debt-equity ratio

25.

Management accounting deals with what kind of information?

a)

Qualitative

b)

Quantitative

c)

Both

d)

None of the above

26.

Management accounting maintains

a)

Journal

b)

Ledger

c)

Trial Balance

d)

None of these

27.

The difference between total revenues and total variable costs is known as

a)

Contribution margin

b)

Contribution margin

c)

Operating income

d)

Fixed costs

28.

1. Variable cost includes _________.

a)

Cost of raw materials

b)

Salaries and wages

c)

Electricity bills

d)

All of the above

29.

Which of the following are an external user?

a)

Managers

b)

Creditor

c)

Employees

d)

Owner

30.

The ideal level of current ratio is

a)

1:1

b)

2:1

c)

0.5:1

d)

3 : 2

31.

Law is either Private Law or _______ Law

a)

Public

b)

Private

c)

Local

d)

Family

32.

A breach of Contract can be of ________ Breach

a)

Ilegal

b)

void

c)

Discharged

d)

None of the above

33.

How many parties are there to a promissory note ?

a)

Two parties

b)

Three parties

c)

One Party

d)

Four Parties

34.

Consumer protection Act is Applicable to

a)

Immovable Goods

b)

Specific Goods and Services

c)

Movable Goods

d)

All goods and services

35.

The sale of goods Act was enacted during

a)

1930

b)

1932

c)

1931

d)

1933

36.

The goods which satisfy human wants directly are called:

a)

Consumer goods

b)

producer goods

c)

Public goods

d)

Intermediate goods

37.

The contract of Indemnity is a __________

a)

Contingent contarct

b)

Quasy Contract

c)

Wagering Contract

d)

Void Agreement

38.

If a new contract is substituted in place of an existing contract , it is called

a)

Alteration

b)

Novation

c)

Rescission

d)

Waiver

39.

An agreement to do an act impossible in itself

a)

Is void

b)

Is void ab initial

c)

Is voidable

d)

None of these

40.

Where is the head office of the National Consumer Disputes Redressal Commission (NCDRC).

a)

New Delhi

b)

Mumbai

c)

Chennai

d)

None of the above

41.

Auditing is derived from the Latin world.

a)

Admin

b)

Audire

c)

Audolance

d)

Affair

42.

An audit as per special statutes applicable to the entity is known as

a)

Statutory audit

b)

Private audit

c)

Government audit

d)

Final audit

43.

Who among the following can be Appointed as auditor of a company.

a)

A partner or Director of a company

b)

A person of unsound mind

c)

Mr Y. Who owns rupees 500 to the company

d)

Mr Z, the holder of CA certificate.

44.

The work of one clerk is automatically check by another clerk is called.

a)

Internal check.

b)

Internal control

c)

Internal audit.

d)

None of the above.

45.

Where is the head office of the National Consumer Disputes Redressal Commission (NCDRC).

a)

New Delhi

b)

Mumbai

c)

Chennai

d)

None of the above

46.

The primary goal of financial management is

a)

to maximize the return

b)

to minimize the risk

c)

to maximize wealth of owners

d)

to maximize profit

47.

Financial Management deals with....

a)

Investment Decisions

b)

Financing Decisions

c)

Dividend Decisions

d)

All of the above

48.

Which of the following assets is not considered as current asset:

a)

Stock

b)

Furniture

c)

Cash

d)

Goodwill

49.

Operating leverage =

a)

(A) Contribution x Earnings before interest and tax

b)

B) Contribution / Earnings before interest and tax

c)

(C) Earnings before interest and tax / Contribution

d)

(D) Earnings before interest and tax + Contribution

50.

Break-even point is that level of sales revenue at which there is ________

a)

(A) Profit

b)

(B) Loss

c)

(C) No profit no loss

d)

(D) None of the above

51.

Capital budgeting related to

a)

long term assets

b)

short term assets

c)

long term assets and short term assets

d)

fixed assets

52.

Dividend decision is concerned with

a)

only distribution of dividend to shareholders

b)

how much to be retained in business

c)

how much profit earned is distributed to shareholders and how much to be retained in the business

d)

none of the above

53.

The ___________________ is a report of the revenue, expenses, and net income or net loss over an accounting period.

a)

income statement

b)

accounts payable

c)

owner's equity

d)

financial statement

54.

Identify the formula of dividend policy

a)

Walter Model

b)

MM model

c)

NI Approach

d)

Gordon model

55.

3. What is the formula in finding current ratio?

a)

$a.\ \frac{current\ asset}{current\ liabilities}$

b)

$b.\ \frac{360}{investor\ turnover}$

c)

$c.\ \frac{total\ liabilities}{total\ assets}$

d)

$d.\ \frac{Gross\ \Pr ofit}{Net\ sales}$

56.

The decisions of investing in long term or fixed assets on the basis of cost-benefit analysis or risk-return analysis are known as:

a)

Working capital decisions

b)

Financial Decisions

c)

Capital budgeting decisions

d)

None of these

57.

What is a bank?

a)

A business that allows customers a safe place to deposit money and write checks, save money, and obtain credit cards

b)

A business that acts as a "financial intermediary" between depositors wishing to make money on their money and customers looking to borrow money

c)

A business that sells services such as loans for cars, mortgages, businesses

d)

All of the above

58.

Taking more money out of your account than is available is called?

a)

Overdraft

b)

Deposit

c)

Withdraw

d)

Balance

59.

Who is the Present Governor of RBI

a)

Shashikant Das

b)

YV Reddy

c)

Urjit Patel

d)

None of the Above

60.

Identify the personality in the image given

a)

President of India

b)

Vise President

c)

Speaker of Lokasabha

d)

Speaker of Rajyaasabha

B.COM BUSINESS QUIZ 2022

Total questions: 60

Worksheet time: 34mins

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