Commerce Talent Search Quiz

20 Questions | Total Attempts: 139

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Commerce Talent Search Quiz - Quiz

How about taking a commerce talent search quiz? The Commerce Talent Search test which is also called as ICAI Commerce Wizard -2016 is a test to measure the concept understanding ability of a student. Different from regular tests which try only to understand how much a child knows, this test measures how well a student has grasped the concepts. These questions will also provide you with some extra knowledge that you may not have before. All the best to you! Let's go for it now!


Questions and Answers
  • 1. 
    The highest Limit for issuing MUDRA loans is
    • A. 

      1000000

    • B. 

      100000

    • C. 

      10000

    • D. 

      1000

  • 2. 
    Who is the Commerce Minister of India?
    • A. 

      Kapil Sibbal

    • B. 

      Nirmala Sitaraman

    • C. 

      Suresh Prabhu

    • D. 

      Piyush Goyal

  • 3. 
    Which of the following is not a manufacturing Industry?
    • A. 

      Iron & Steel Work

    • B. 

      Flour Mills

    • C. 

      Fruit Canning

    • D. 

      Mining

  • 4. 
    Financial Management is mainly Concern with________
    • A. 

      All aspects of acquiring and utilizing  financial resources for firms Activity

    • B. 

      Arrangement of funds

    • C. 

      Efficient Management of every Business

    • D. 

      Profit Maximisation

  • 5. 
    Who is the father of scientific management?
    • A. 

      Henry Feyol

    • B. 

      Elton Mayo

    • C. 

      Chester Bernard

    • D. 

      F.W. Taylor

  • 6. 
    Bonus Shares are issued to_______
    • A. 

      Equity Shareholders

    • B. 

      Secured Creditors

    • C. 

      Debenture Holders

    • D. 

      Preference Shareholders

  • 7. 
    Memorandum of Association contains__________
    • A. 

      Objective Clause

    • B. 

      Capital Clause

    • C. 

      Name Clause

    • D. 

      All the Above

  • 8. 
    Appointment of a Company Secretary is made by
    • A. 

      Promoters

    • B. 

      Government

    • C. 

      Debenture Holders

    • D. 

      Board of Directors

  • 9. 
    Interim Dividend is shown_________
    • A. 

      In profit & loss A/C

    • B. 

      In profit & Loss Appropriation A/C

    • C. 

      On the asset side of the balance sheet

    • D. 

      On the liability side of the balance Sheet

  • 10. 
    Which one of the following is not a barrier to communication?
    • A. 

      Noise

    • B. 

      Affection

    • C. 

      Fear & Distrust

    • D. 

      Perception

  • 11. 
    A Company can reissue its forfeited shares______
    • A. 

      At a Premium

    • B. 

      At a Face value

    • C. 

      At a Discount

    • D. 

      All the above

  • 12. 
    Maslow’s needs hierarchy theory relates to_________
    • A. 

      Motivation 

    • B. 

      Leadership

    • C. 

      Communication

    • D. 

      Directing

  • 13. 
    How many heads of income are there to compute Gross total income?
    • A. 

      Six

    • B. 

      Five

    • C. 

      Four

    • D. 

      Three

  • 14. 
    Basic Objective of Cost Accounting is ________
    • A. 

      Tax Compliance

    • B. 

      Financial Audit

    • C. 

      Cost Ascertainment

    • D. 

      Profit Analysis

  • 15. 
    Accounting Provides information on
    • A. 

      Cost & income for Manager

    • B. 

      Company's Tax Liability for a particular year 

    • C. 

      The financial condition of an institution 

    • D. 

      All the Above

  • 16. 
    Patent, Copyright and Trademark are_______
    • A. 

      Investments

    • B. 

      Current Assets

    • C. 

      Fixed Assets

    • D. 

      Intangible Assets

  • 17. 
    Dr. What's Comes In and Cr. What Goes out is the Rule of ------ A/C
    • A. 

      Nominal

    • B. 

      Personal

    • C. 

      Real

    • D. 

      Current

  • 18. 
    Indian Partnership Act was passed in
    • A. 

      1832

    • B. 

      1947

    • C. 

      1932

    • D. 

      None of the above

  • 19. 
    The left-hand side of Ledger is ----side.
    • A. 

      Asset

    • B. 

      Credit

    • C. 

      Liability

    • D. 

      Debit

  • 20. 
    Full form of GST is________________
    • A. 

      Government Service Tax

    • B. 

      Good Service Tax

    • C. 

      Goods and Services Tax

    • D. 

      All the above

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