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WorksheetsQuiz for Commerce
Total questions: 20
Worksheet time: 10mins
Which of the following is not an economic activity?
A doctor practicing
A lawyer practicing law
A profesional cricketer playing cricket
A student playing cricket
In India GST came effective from July 1st, 2017, India has chosen _____ model
USA
UK
Canadian
China
Patent, Copyrights and trade marks are
Current assets
Fixed assets
Intangible assets
Investments
Which of the following is not a manufacturing Industry
Iron and Steel works
Flour mills
Fruit canning
Mining
Ownership securities are represented by
Stock
Loan
Debt
Debentures
In journal, the Business transaction is recorded
Same day
Next day
Once a week
Once in a month
When was life insurance sector nationalized?
1947
1951
1956
1959
Which of the following describes e-commerce ?
Doing business
Doing business electronically
Sales of goods
All of the above
Who is the Leader of the last resort in the banking structure of India ?
State bank of India
Union bank of India
EXIM bank of India
Reserve bank of India
Which country overtook China as the World's biggest market for a two wheeler?
Iraq
India
Japan
New Zealand
Which of the following is an Extractive Industry ?
Cattel breeding
Forest cultivation
Hunting
Flour mills
Which of the following is indirect tax?
Sales tax
Income tax
Wealth tax
Corporation tax
The sales income (credit and cash) of business during a given period is called
Transaction
Sales return
Turnover
Purchase return
Indian GST model has _____ Rate structure
3
4
5
6
Globalization is the term used to describe process of removal of restriction on
Foreign investment
Foreign trade
Both 1 and 2
None of this
Which Company sign a more with the Andhra Pradesh government to build a new plant in Anantapur district?
Honda
Ford
Volkswagen
Kia
Which one the following accounting equation is correct?
Assets - Owner's equity
Assets = Liabilities + Owner's equity
Assets = Liabilities - Owner's equity
Assets + Liabilities = Owner's Equity
The fund available with a company after paying all claims including tax and dividend is called
Net profit
Net operating profit
Capital profit
Retained earning
What does " I " stands for in IGST?
International
Internal
Integrated
Intra
Which one is not an important objective of financial management?
Maximization of social benefits
Profit maximization
Value mximization
Wealth maximization
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