Commerce Questions With Answers Quiz

26 Questions | Total Attempts: 2738

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Commerce Questions With Answers Quiz

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Questions and Answers
  • 1. 
     Which bank was formed under the royal order?           
    • A. 

      Bank of Venice

    • B. 

      State Bank of Pakistan

    • C. 

      Bank of Barcelona

    • D. 

      Chartered Bank of England

  • 2. 
     Money creative bank is:
    • A. 

      Central Bank

    • B. 

      Commercial Bank

    • C. 

      Consumer Bank

    • D. 

      Both A & B

  • 3. 
    The word “Bank” has been derived from the word________________.
    • A. 

      Back

    • B. 

      Bancus

    • C. 

      Banco

    • D. 

      None of the above

  • 4. 
    Commercial bank creates the following money:      
    • A. 

      Metallic

    • B. 

      Paper

    • C. 

      Credit

    • D. 

      All the above

  • 5. 
    The part of deposits kept with the central bank is called:
    • A. 

      Cash reserve

    • B. 

      Margin

    • C. 

      Interest rate

    • D. 

      All the above

  • 6. 
    State Bank of Pakistan was formed by _____________        
    • A. 

      Royal Charter

    • B. 

      Special Ordinance

    • C. 

      Joint Stock Companies Act

    • D. 

      Banking Companies Ordinance Act

  • 7. 
    The best form of partnership deed is
    • A. 

      oral

    • B. 

      Written

    • C. 

      Written & registered

    • D. 

      . registered

  • 8. 
    The shareholders of J.S.C are
    • A. 

      debtors

    • B. 

      creditors

    • C. 

      owners

    • D. 

      Outsiders

  • 9. 
    Cooperative society is registered under cooperative society act
    • A. 

      1984

    • B. 

      1925

    • C. 

      1980

    • D. 

      1870

  • 10. 
    Advertisement means
    • A. 

      Attracting the customers towards the product

    • B. 

      To sale goods on credit

    • C. 

      to attract the wholesaler

    • D. 

      To attract the retailer

  • 11. 
    The conditional letter of credit is also known as
    • A. 

      Open l/C

    • B. 

      revocable L/C

    • C. 

      irrevocable L/C

    • D. 

      Documentary L/C

  • 12. 
    The arrears of shares which are payable and considered as a liability of company are called_________ shares.
    • A. 

      Ordinary

    • B. 

      Cumulative preference

    • C. 

      Deferrer

    • D. 

      Non cumulative

  • 13. 
    Which of the following documents is necessary for a private company to start its business
    • A. 

      Certificate of incorporation

    • B. 

      Certificate of commencement business

    • C. 

      Both A & B

    • D. 

      None of these

  • 14. 
    The simple interest on $ 100 loan at 10% simple interest for 5 years is
    • A. 

      50

    • B. 

      80

    • C. 

      100

    • D. 

      None

  • 15. 
    The compound interest on $ 5,000 loan at 8% compounded semi-annually for 10 years is
    • A. 

      500

    • B. 

      800

    • C. 

      1000

    • D. 

      None

  • 16. 
    The fundamental economic problem faced by all societies is
    • A. 

      unemployment

    • B. 

      inequality

    • C. 

      Poverty

    • D. 

      Scarcity

  • 17. 
     Capitalism" refers to:
    • A. 

      the use of markets

    • B. 

      Government ownership of capital goods

    • C. 

      private ownership of capital goods

    • D. 

      private ownership of homes & cars

  • 18. 
    There are three fundamental questions every society must answer. Which of the following is/are one of these questions?
    • A. 

      What goods and services are to be produced?

    • B. 

      How are the goods and services produced?

    • C. 

      Who will get the goods and services that are produced?

    • D. 

      All of the above

  • 19. 
    If Mean is 48, Median is 47, Mode will be
    • A. 

      44

    • B. 

      50

    • C. 

      45

    • D. 

      49

  • 20. 
    In a week the prices of a bag of rice were 350, 280, 340, 290, 320, 310, 300. The range is
    • A. 

      70

    • B. 

      80

    • C. 

      100

    • D. 

      None

  • 21. 
    How does government and technology affect the economic growth?
  • 22. 
    Define Quantity Theory of Money.   
  • 23. 
    Which techniques you will use to motivate the students?
  • 24. 
    What would you do if the whole class is not getting the concept?
  • 25. 
    Who can you make learning fun for the students?