Commerce MCQ Questions and Answers
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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242 questions
71. Consider the following statements- Current ratio is increased by 1. issue of redeemable preference shares. 2. selling of old furniture for cash. 3. cash realized from debtors. Which of the statements given above are correct ?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
72. Which one of the following statements is correct ?When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity, it would
- improve liquidity
- reduce liquidity
- have no effect on liquidity
- improve financial position
73. Sundry Debtors - Rs.15,000 Bills Receivable (B/R) - Rs.12,500 Cash at Bank - Rs.17,500 Stock - Rs.15,000 Profit - Rs.20,000 Creditors - Rs.25,000 Bills Payable (B/P) - Rs.15,000 Sales - Rs.1,00,000 What is the Acid Test Ratio ?
- 1•5 : 1
- 1•125 : 1
- 16 2/3%
- 50%
74. Which one of the following transactions changes the current ratio ?
- Purchase of goods for cash
- Plant acquired on account
- Sold goods on credit
- Debentures converted into equity capital
75. Few items of P/L A/c of a company are- Sales - Rs.1,60,000 Closing stock - Rs.38,000 Non-operating Expenses - Rs.800 Non-operating Income - Rs.4,800 Net Profit - Rs.28,000 What is the Operating Profit Ratio ?
- 18%
- 20%
- 15%
- 57%
76. Net profit after tax of Rs. 2,00,000 is Rs. 4,00,000. Share capital is Rs. 8,00,000 and revenue reserve is Rs. 2,00,000. What is rate of return on equity ?
- 40%
- 50%
- 60%
- 75%
77. Members of a company may apply to which one among the following for relief under the Companies Act, 1956 in cases of oppression ?
- Central Government
- High Court of Judicature
- National Company Law Tribunal
- National Company Law Appellate Tribunal
78. A company limited by shares has to call the statutory meeting within a period of not less than one month and not more than six months. This period is counted with reference to which one of the following ?
- The date of incorporation
- The date at which the company is entitled to commence business
- The date of actual receipt of certificate of incorporation
- The date of actual commencement of business
79. Which among the following is eligible to issue Shelf Prospectus ?
- Any company contemplating for public issue of securities
- Any public financial institution
- Only manufacturing companies
- Only foreign companies engaged in trading in India
80. Which of the following companies do not have the obligation to get its Articles of Association registered along with the Memorandum of Association ?
- Public Company limited by shares
- Unlimited companies
- Private companies limited by shares
- Companies limited by guarantee