Quiz for Commerce

Q1: Which of the following is not a component of the marketing mix?

A. Product B. Price C. Promotion D. Profit

Q2: Double entry system of accounting was introduced by?

A. Luca Pacioli B. Adam Smith C. John Keynes D. David Ricardo

Q3: Which of the following ratios is a measure of profitability?

A. Current Ratio B. Acid Test Ratio C. Net Profit Ratio D. Debt Equity Ratio

Q4: In financial management, the primary goal is to maximize:

A. Shareholders’ wealth B. Profits C. Sales D. Assets

Q5: Which one is a fixed cost?

A. Wages B. Electricity bill C. Rent D. Raw material

Q6: Which type of market has only one seller?

A. Perfect Competition B. Monopoly C. Oligopoly D. Monopolistic Competition

Q7: SWOT analysis includes:

A. Sales, Worth, Options, Trends B. Strengths, Weaknesses, Opportunities, Threats C. Strategies, Workflows, Objectives, Tasks D. Structure, Weight, Output, Time

Q8: Who is considered the father of modern management?

A. Henry Fayol B. Elton Mayo C. F.W. Taylor D. Peter Drucker

Q9: Which accounting concept assumes business will continue indefinitely?

A. Matching Concept B. Going Concern Concept C. Consistency Concept D. Conservatism Concept

Q10: Equity shareholders are also known as:

A. Creditors B. Owners C. Lenders D. Debenture holders

Q11: Which is a source of long-term finance?

A. Commercial Paper B. Debentures C. Bills of Exchange D. Trade Credit

Q12: Which theory explains employee motivation through needs hierarchy?

A. Equity Theory B. Expectancy Theory C. Maslow’s Theory D. Two-Factor Theory

Q13: Under which system is inventory assumed to be sold in the order it was acquired?

A. LIFO B. FIFO C. Weighted Average D. Specific Identification

Q14: What does CRM stand for in marketing?

A. Customer Revenue Management B. Customer Relationship Management C. Corporate Resource Management D. Customer Review Method

Q15: Which function of management involves recruitment?

A. Planning B. Organizing C. Staffing D. Controlling

Q16: Which of the following is an intangible asset?

A. Land B. Building C. Patent D. Cash

Q17: What is the full form of GDP?

A. Gross Domestic Product B. Global Domestic Product C. Gross Discounted Price D. General Demographic Profile

Q18: Which is not a method of credit control by RBI?

A. Open Market Operations B. CRR C. Bank Rate D. Subsidy

Q19: Which of the following is an internal source of finance?

A. Shares B. Loans C. Retained Earnings D. Debentures

Q20: Which concept says revenue is recognized when it is earned?

A. Cost Concept B. Revenue Recognition Concept C. Matching Concept D. Dual Aspect Concept