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Kerala Commerce Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Mohan's family ordered a Sadya for 20 people at ₹250 per person. But 10 uninvited relatives showed up (typical Kerala family!). If they ordered 10 more Sadyas at the same rate, what's the cost per person now?

a)

₹250

b)

₹200

c)

₹166.67

d)

₹300

2.

Ravi's toddy shop has ₹5,000 in the cash box, but all customers pay through Google Pay. His accountant says he has great "liquidity." What's wrong here?

a)

Nothing, Google Pay is liquid cash

b)

Liquidity means physical cash availability, not digital payments

c)

Toddy itself is liquid, so no problem

d)

The accountant is drinking the inventory

3.

An auto driver in Ernakulam bought his vehicle for ₹2 lakhs. After driving in Kerala potholes for 3 years, it's worth ₹80,000. His neighbor says, "Pwoli! Your auto depreciated faster than a politician's promise!" What's the annual depreciation rate?

a)

20%

b)

25%

c)

40%

d)

100% (it's Kerala roads!)

4.

Sulaiman's tea shop buys tea powder at ₹400/kg. One kg makes 200 cups. He sells each cup at ₹10. His friend asks, "Sahodara, where's your profit?" What's Sulaiman's gross profit margin?

a)

50%

b)

80%

c)

20%

d)

He's running a charity, no profit

5.

There are 12 hartals scheduled in a quarter (very conservative estimate!). Each harthal costs Krishnan's grocery shop ₹8,000 in lost sales. What's his quarterly harthal loss provision?

a)

₹96,000

b)

"Calculations vendallo, harthal und!"

c)

₹1,00,000

d)

Priceless (lost mental peace)

6.

Leelamani mortgaged her 50-sovereign gold at a nationalized bank. Her daughter bought a new iPhone. Her son is getting MBA admission. Her husband needs bypass surgery. Which is the REAL reason she took the loan according to her neighbors?

a)

Medical emergency

b)

Education

c)

Show-off daughter's iPhone

d)

Probably building another floor on the house

7.

Price of coconut in January: ₹25. Price in June: ₹45. Farmers still complain they're getting nothing. Traders complain margins are thin. Consumer says it's expensive. Who's lying?

a)

Farmers

b)

Traders

c)

Consumers

d)

Nobody - there are 12 middlemen we didn't count

8.

Thomaskutty in Dubai sends ₹50,000 monthly. His family's monthly expenses are ₹30,000. After one year, savings should be ₹2,40,000. Actual savings: ₹20,000. What happened?

a)

Bank fraud

b)

Calculation error

c)

"Unexpected" festivals, weddings, medical emergencies (all relatives)

d)

His mother's "chit" investments

9.

Government employees get Onam advance in August. Jose borrowed ₹50,000 from a moneylender in July at 3% monthly interest to "prepare for Onam early." He'll repay in August with his advance. Is this financially smart?

a)

Yes, early bird gets the Sadya

b)

No, paying ₹1,500 interest to get advance by one month

c)

Yes, neighbors will see decorations first

d)

Financially stupid, but socially necessary

10.

Suresh pays professional tax, income tax, GST, road tax, property tax, and entertainment tax. He asks his CA, "How many more taxes can they invent?" His CA replies:

a)

"Don't give them ideas!"

b)

"At least 15 more potential taxes"

c)

"They're working on breathing tax"

d)

"Just be happy there's no tax on complaining yet"