Commerce Questions: Trivia Quiz!

30 Questions | By Ramyagautham92 | Last updated: Mar 21, 2022 | Total Attempts: 125

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1.

Who is the CEO of Biocon Ltd Company?
- A.
  
  Narayana murthy
- B.
  
  Sudha murthy
- C.
  
  Arun Suresh Chandavarkar
- D.
  
  Ajim premji
2.

Who is the Finance minister of India?
- A.
  
  Arun Jaitely
- B.
  
  Siddharamayya
- C.
  
  Nirmala Sitaraman
- D.
  
  Smirithi irani
3.

________ is the apex bank for agriculture credit.
- A.
  
  NABARD
- B.
  
  SIDBI
- C.
  
  ICICI
- D.
  
  RBI
4.

Vikas & Co. accounts is a _____
- A.
  
  Personal account
- B.
  
  Real account
- C.
  
  Nominal account
- D.
  
  None of the above
5.

Which Indian industries have been hit by Globalisation?
- A.
  
  Toy Industry
- B.
  
  Jute
- C.
  
  Imformation technology
- D.
  
  Cement
6.

The Financial Manager is accountable for_________
- A.
  
  Arrangement of financial resources
- B.
  
  Earning capital asset of the company
- C.
  
  Effective management of funds
- D.
  
  Proper utilisation of funds
7.

What is the partnership written agreement known as?
- A.
  
  Partnership Deed
- B.
  
  Partnership Act
- C.
  
  Partnership Contract
- D.
  
  Agreement
8.

Identify the activity which does not support trade?
- A.
  
  Mining
- B.
  
  Insurance
- C.
  
  Banking
- D.
  
  Warehousing
9.

Trial balance is used to check accuracy of _________
- A.
  
  Balance sheet balances
- B.
  
  Income statement balances
- C.
  
  Ledger accounts balances
- D.
  
  Cash flow statement balances
10.

Whose signature is there on the 500 note?
- A.
  
  RBI Governor
- B.
  
  Central Finance Minister
- C.
  
  Supreme Court Judge
- D.
  
  Prime Minister
11.

World Consumer Rights Day is Observed on_____
- A.
  
  March 15th
- B.
  
  March 25th
- C.
  
  April 15th
- D.
  
  April 25th
12.

The minimum number of members required for registration of a co-operative society are________
- A.
  
  Ten
- B.
  
  Seven
- C.
  
  Two
- D.
  
  Twenty
13.

Carriage inwards is debited to ___
- A.
  
  Balance Sheet
- B.
  
  Trading account
- C.
  
  Profit and loss account
- D.
  
  Profit and loss appropriate account
14.

Recently Which Two Banks have merged:
- A.
  
  SBI & SBM
- B.
  
  SBI & Axis Bank
- C.
  
  SBI & Yes Bank
- D.
  
  SNI & ICICI
15.

Copyrights, Patents and Trademarks are_____
- A.
  
  Current assets
- B.
  
  Fixed assets
- C.
  
  Intangible assets
- D.
  
  Investments
16.

In business, why it is essential to make a profit?
- A.
  
  It increases the reputation of a company
- B.
  
  It provides a return to investors.
- C.
  
  It provides funds for future extension
- D.
  
  All the above
17.

Which among the following is not opened for private sector participation?
- A.
  
  Railways
- B.
  
  Telecommunication sector
- C.
  
  Education sector
- D.
  
  Power sector
18.

Which P is not included in the 7Ps of the marketing mix?
- A.
  
  Promotion
- B.
  
  Price
- C.
  
  People
- D.
  
  Purpose
19.

Which of the following is a false statement?
- A.
  
  The scope of commerce is narrower than business.
- B.
  
  Commerce includes trade and auxiliaries to trade.
- C.
  
  Foreign trade is purchase and sale by the traders of the same country.
- D.
  
  Traders serve as a link between producers and consumers.
20.

Which of the following is not a management function?
- A.
  
  Planning
- B.
  
  Staffing
- C.
  
  Cooperating
- D.
  
  Controlling
21.

What option the central government does not include in development expenditure?
- A.
  
  Grant to States
- B.
  
  Expenditure on Social and Community Services
- C.
  
  Expenditure on Economic Services
- D.
  
  Defence Expenditure
22.

Which among these is the headquarter of the WTO?
- A.
  
  Washington DC
- B.
  
  Austria
- C.
  
  Geneva
- D.
  
  New York
23.

Debenture holders are:
- A.
  
  Debtors of the Company
- B.
  
  Creditors of the Company
- C.
  
  Owners of the Company
- D.
  
  None of the above
24.

GST was implemented in India from?
- A.
  
  1st July 2017
- B.
  
  1st January 2017
- C.
  
  1st April 2017
- D.
  
  1st March 2017
25.

South Africa is leading exporter of which mineral?
- A.
  
  Gold
- B.
  
  Copper
- C.
  
  Diamond
- D.
  
  Silver