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commerce quiz

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

"Zindagi ke sath bhi zindagi ke baad bhi" related with

a)

Fire Insurance

b)

Marine insurance

c)

Life insurance

d)

General insurance

2.

Competition Act ______

a)

2002

b)

2001

c)

2003

d)

2004

3.

When GST implemented in India?

a)

4 July 2017

b)

1 July 2017

c)

4 July 2014

d)

1 July 2018

4.

Business environment means...

a)

Macro

b)

Micro

c)

Internal

d)

all of the above

5.

The debts which are repaid within a year is known as

a)

Contingent liability

b)

Non current liability

c)

current liability

d)

All of the above

6.

How is profit calculated?

a)

Profit = Total Revenue - Total Cost

b)

Profit = Total Revenue x Total Cost

c)

Profit = Total Revenue / Total Cost

d)

Profit = Total Revenue + Total Cost

7.

What are the components of financial statements?

a)

Balance sheet, income statement, cash flow statement, statement of changes in equity

b)

Equity report

c)

Profit statement

d)

Revenue summary

8.

who is the father of scientific management?

a)

Henry fayol

b)

Frederick Winslow Taylor

c)

W.Keith

d)

P.F. Druker

9.

What is the full form of BSE?

a)

Bombay Stock Exchange

b)

Business Share Market

c)

Bombay Share Market

d)

Bombay Screen Market

10.

Decrease in the value of fixed assets are called

a)

Dimolishion

b)

Extraction

c)

Depreciation

d)

Amortization

11.

When is the present companies Act came into force?

a)

1956

b)

2020

c)

2013

d)

1888

12.

Who is the father of accounting?

a)

Lucca Pacioli

b)

Taylor

c)

Fayol

d)

Harry Potter

13.

Who is the father of accounting?

a)

Lucca Pacioli

b)

Taylor

c)

Fayol

d)

Harry Potter

14.

8. In ‘Direction’ who is given importance ?

a)

(A) To machines

b)

(B) To paper work

c)

(C) To man

d)

(D) To production

15.

6. Memorandum of Association contains

a)

(A) Objective clause

b)

(B) Name clause

c)

(C) Capital clause

d)

(D) All of the above

16.

4. Bonus Shares are issued to

a)

(A) Equity Shareholders

b)

(B) Preference Shareholders

c)

(C) Debenture Holders

d)

(D) Secured Creditors

17.

3. The Life Insurance in India was Nationalised in the year (a)  

18.

What is the full form of ROI ?

a)

Return on Investment

b)

Rate of Interest

c)

Revenue on Investment

d)

Realistic Outcome and Income

19.

What is the full form of NPV ?

a)

Net Present Value

b)

Non Present Value

c)

Net Present Valuation

d)

New Present Valuation

20.

What are the components of financial statements?

a)

Balance sheet, income statement, cash flow statement, statement of changes in equity

b)

Equity report

c)

Profit statement

d)

Revenue summary