Commerce Questions: Trivia Quiz!

30 Questions | Total Attempts: 125

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Commerce Questions: Trivia Quiz! - Quiz

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Questions and Answers
  • 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

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