Commerce Questions With Answers Quiz
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Quiz Description
- 1.How does government and technology affect the economic growth?
- 2.Define Quantity Theory of Money.
- 3.Which techniques you will use to motivate the students?
- 4.What would you do if the whole class is not getting the concept?
- 5.Who can you make learning fun for the students?
- 6.Why should we consider you for the teaching job in our school?
- 7.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
- 8.Money creative bank is:
- A.
Central Bank
- B.
Commercial Bank
- C.
Consumer Bank
- D.
Both A & B
- 9.The word “Bank” has been derived from the word________________.
- A.
Back
- B.
Bancus
- C.
Banco
- D.
None of the above
- 10.Commercial bank creates the following money:
- A.
Metallic
- B.
Paper
- C.
Credit
- D.
All the above
- 11.The part of deposits kept with the central bank is called:
- A.
Cash reserve
- B.
Margin
- C.
Interest rate
- D.
All the above
- 12.State Bank of Pakistan was formed by _____________
- A.
Royal Charter
- B.
Special Ordinance
- C.
Joint Stock Companies Act
- D.
Banking Companies Ordinance Act
- 13.The best form of partnership deed is
- A.
oral
- B.
Written
- C.
Written & registered
- D.
. registered
- 14.The shareholders of J.S.C are
- A.
debtors
- B.
creditors
- C.
owners
- D.
Outsiders
- 15.Cooperative society is registered under cooperative society act
- A.
1984
- B.
1925
- C.
1980
- D.
1870
- 16.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
- 17.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
- 18.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
- 19.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
- 20.The simple interest on $ 100 loan at 10% simple interest for 5 years is
- A.
50
- B.
80
- C.
100
- D.
None
- 21.The compound interest on $ 5,000 loan at 8% compounded semi-annually for 10 years is
- A.
500
- B.
800
- C.
1000
- D.
None
- 22.The fundamental economic problem faced by all societies is
- A.
unemployment
- B.
inequality
- C.
Poverty
- D.
Scarcity
- 23.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
- 24.If Mean is 48, Median is 47, Mode will be
- A.
44
- B.
50
- C.
45
- D.
49
- 25.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
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