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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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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. 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 ?

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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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Commerce Questions with Answers 1. Who is Father of Scientific Management ? (A) Henry Fayol (B) Elton Mayo (C) Chester Bernard (D) F. W. Taylor See Answer: 2. Appointment of a Company Secretary is made by- (A) Promoters (B) Board of Directors (C) Debenture holders (D) Government See Answer: 3. Bonus Shares are issued to-

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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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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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1. Which of the following is not a current liability? A. Bank Overdraft B. Bills Payable C. Outstanding Expenses D. Equity Share Capital 2. Contingent Liability is shown owing to the A. Convention of conservatism B. Convention of materiality C. Convention of full disclosure D. Dual aspect concept 3.

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1. Exam B 50 questions + 15 questions from Exam C (1-16, page 135) Questions: 65 | Attempts: 116 | Last updated: Mar 19, 2023. Sample Question. A 3-tier e-commerce web application is current deployed on-premises and will be migrated to AWS for greater scalability and elasticity.

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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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Important Questions Chapter 1 Introduction to Micro Economics Important Questions Chapter 2 Theory of Consumer Behaviour Important Questions Chapter 3 Production and Costs Important Questions Chapter The Theory of Firm Under Perfect Competition Important Questions Chapter 5 Market Equilibrium Important Questions Chapter 6 Non-Competitive Markets