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Worksheetscommerce quiz
Total questions: 30
Worksheet time: 16mins
The first instance of demonetisation in India was on
1945
1947
1946
1949
Govt. policy about exports and imports is called
Commercial policy
Fiscal policy
Monetary policy
Finance policy
The Industrial policy resolution was passed first in
1947
1956
1931
1948
Tax on imports is considered as an example of
Collateral
Trade barriers
Foreign trade
Terms of trade
Which branch of economic theory is associated with the difficulty of resources allocation?
Econometrics
Microeconomics theory
Macroeconomics theory
None of the above
The creation of choice is done by _________ .
Scarcity of resources
Less choices
The urgency of needs
Abundance of resources
GAAP stands for:
Generally Accepted Accounting Provisions
Generally Accepted Accounting Policies
Generally Accepted Accounting Principles
None of these
Which is the first commercial bank incorporated by the Indians in 1881?
Imperial Bank of India
Awadh commercial Bank
Reserve Bank of India
State Bank of India
NBFC stands for
New banking finance company
New business finance and credit
National banking and Finance Corporation
Non banking financial company
The Law of Demand is measured from the perspective of
Consumer
Shopkeeper
Wholesaler
Manufacturer
An investor invests in assets known as a
Securities
Block of Assets
Portfolio
None of these
This is not a function of the RBI?
Printing of Currency
Controller of credit
Issuance of coins
Custodian of foreign currency
In accounting, becoming out of date or obsolete is known as
Amortization
Obsolescence
Depletion
Physical deterioration
What is the main economic problem faced by the society
Unemployment
Inequality
Poverty
Scarcity
What does ROI stands for in finance?
Return on Investment
Revenue of Income
Risk of Inflation
Rate of Interest
GST is a consumption of goods and service tax based on
Development
Dividend
Destiny
Destination
Which was an oldest insurance company, found in 1906 ?
LIC
National Insurance company
Agriculture Insurance company of india
United India insurance company
TPA (Third Party Administrator) is licenced by the
Insurance company
Surveyor
Central government
IRDA
Which segment do eBay, Amazon.com belong?
B2Bs
B2Cs
C2Bs
C2Cs
RBI was nationalized in which year?
1935
1947
1949
1953
The commodity which accounts for the maximum volume of goods transported by the railways in India is
Iron& steel
Coal
Mineral oil
Metallic ores (other than the iron ore)
which Port is Known as “Queen of Arabian Sea”
Kochi port
Marmagao port
Kandla port
Mumbai port
What is the primary goal of financial management?
To minimise the risk
To maximize the owners wealth
To maximize the return
To raise profit
Which of the following documents defines the scope of company’s activities ?
Memorandum of association
Articles of association
Prospectus
Statutory declaration
Which of the following types of business organisation has a separate legal entity ?
Joint Hindu family business
Partnership
Joint stock company
Both A and C
What is outsourcing of production and concentrating on marketing operations in international business, known as ?
Licencing
Franchising
Contract manufacturing
Joint venture
When does a body corporate become capable forthwith of exercising all the functions of a company ?
On finalizing Memorandum of Association
On obtaining certificate of commencement of business
On obtaining certificate of incorporation
On having convened its first Annual General Meeting.
Preparation of Trial Balance helps, mainly, in
summarising business transactions
verifying that ‘generally accepted accounting principles’ have been observed
finalising the ‘sources and uses of funds’ statement
locating errors, if any, in books of accounts
Which of the following is the relation that the law of demand defines?
Income and price of a commodity
Price and quantity of a commodity
Income and quantity demanded
Quantity demanded and quantity supplied
Which of the following statements about RBI is true?
RBI maintains the foreign exchange reserves of India
RBI is the regulator of Banks and securities market in India
RBI started functioning from 1870
None of these
