Commerce MCQ Questions and Answers

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Quantitative Aptitude - Commerce MCQ Questions with Answers are essential for students preparing for commerce exams. Commerce MCQ Aptitude improves analytical skills and understanding of business mathematics, making it useful for CA, ICWA, and other commerce exams.

Commerce MCQ

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191. The existence of a Partnership Firm is-

  • Separate from partners
  • Not separate from partners
  • Both (A) and (B)
  • None of the above
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192. In which State the Mitakshara form of H.U.F. business does not apply ?

  • Rajasthan
  • Gujarat
  • West Bengal
  • Kerala
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193. Letter of Credit is presented by-

  • Exporter
  • Importer
  • Custom Officer
  • Shipping Company
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194. The Agreement of Partnership-

  • Must be oral
  • Must be in writing
  • Can be either oral or in writing
  • Must be in writing on a stamp paper
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195. Export procedure begins with-

  • Indent
  • Shipping order
  • Marine insurance
  • None of these
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196. ‘Self-help by mutual help’ is a feature of-

  • Public enterprise
  • Public corporation
  • Co-operative society
  • All of the above
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197. In India private sector entered into the Life Insurance business in the year-

  • 1995
  • 1998
  • 2000
  • 2001
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198. General Insurance Corporation of India was set up in-

  • 1956
  • 1972
  • 1980
  • 2000
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199. ‘Salvage Charges’ is related to-

  • Life Insurance
  • Marine Insurance
  • Fire Insurance
  • None of the above
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200. In ‘Life Insurance Contract’ the insurable interest is examined at the time of-

  • Entering the contract
  • Filing the claim
  • Both (A) and (B)
  • Never
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