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General Knowledge Commerce Quiz Questions 1. Which of the following is the correct statement in the context of 'Accounting Period Concept'? (A) The life of the business is divided into appropriate time segment to find out the results of operations. (B) The business will be carried on for a long period of time.
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1) Entertainment tax 2) Expenditure tax 3) Agricultural income tax 4) Land revenue View Answer Q. The Indian income tax is - 1) Direct and proportional 2) Indirect and proportional 3) Indirect and progressive 4) Direct and progressive View Answer Q. Which of the following taxes is not a source of revenue for the Union Government? 1) Income tax
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Sample Question. Converse is a popular American shoe company which is known worldwide for its apparels, sport shoes and brand wear. It is also considered to be one of the most popular American shoe companies. The company began its journey in 1908 as a rubber shoe company specializing rubber based shoes.
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Multiple Choice Question (MCQs) is a process that tests student's knowledge about comprehensive content and objectives and gives an insight into student ability.Our subject-matter specialists have composed these Commerce MCQ based on CBSE syllabus and current practices.
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General Knowledge Commerce Questions ( Next GK Commerce Questions ) 1. In case of Board Meetings the Quorum must be present- (A) At the commencement of the meeting (B) At the termination of the meeting (C) Throughout the meeting (D) At the commencement and termination both See Answer: 2.
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See Answer: 5. The liability of a sole proprietor is-. (A) Limited to the extent of his capital invested in the business. (B) Limited to the extent of the value of business assets. (C) Limited to the extent of the value of business assets and his all private assets. (D) None of the above. See Answer: 6.
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Welcome to Commerce Quiz. Commerce Quiz is an interactive tool designed to test students financial literacy skills Commerce Quiz is a proud recipient of a 2014 Commonwealth Bank Foundation Teaching Award. Take the Quiz.
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Commerce Questions and Answers - Short GK Questions 1. Name the term which is concerned with the activities involved in the sale, transfer or exchange of goods and services: Answer: Commerce. 2. Which is the oldest form of business organization? Answer: Sole proprietorship. 3.
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1. Which of the following best describes the concept of industry in the world of commerce? It is a medium of exchange. It facilitates barter trade. It is an activity of an economic nature. It is.
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Conversion cost is the sum of. Indirect wages and factory overhead. Direct material cost and indirect wages. Direct wages, direct expenses and factory overhead. Prime cost and selling & distribution overhead. View Answer. Normally Demand curve slopes. View Answer. 9 According to Kieth Devis, which one is not a barrier of communication ?
