Commerce MCQ Quiz and Answer

Commerce, the branch of knowledge dealing with buying, selling, transactions, and business. To test your Commerce IQ, take this quiz on commerce mcq questions and answers. Commerce MCQ Quiz and Answer 1. FEMA stands for– (A) Foreign Exchange Management Act (B) Funds Exchange Management Act (C) Finance Enhancement Monetary Act (D) Future Exchange Management Act … Read more

BIPA with Sudan comes into effect was the news, it is an agreement for–

BIPA with Sudan comes into effect was the news, it is an agreement for– (A) Investment in a country (B) Peaceful use of atomic power (C) Allowing students to visit each other’s nation (D) Allowing people to come for medical treatment Answer: Investment in a country More MCQs and Answers on Commerce 1. FEMA stands for– … Read more

X and Y are partners sharing profits in the ratio of 4 : 3. They admit a new partner Z and new profit sharing ratio is 7 : 4 : 3. The sacrificing ratio between X and Y will be–

X and Y are partners sharing profits in the ratio of 4 : 3. They admit a new partner Z and new profit sharing ratio is 7 : 4 : 3. The sacrificing ratio between X and Y will be– (A) Equal (B) 4 : 3 (C) 2 : 1 (D) 1 : 2 Answer: 1 … Read more

Which of the following Sections of the Companies’ Act 1956 relates to the maintenance of proper books of accounts?

Which of the following Sections of the Companies’ Act 1956 relates to the maintenance of proper books of accounts? (A) Section-211 (B) Section-217 (C) Section-209 (D) Section-205 Answer: Section-209 More MCQs and Answers on Commerce 1. FEMA stands for– 3. Convertibility of the rupee implies– 4. …………..… has been founded to act as permanent watchdog on … Read more

Internal check is a part of–

Internal check is a part of– (A) Internal Audit (B) Internal Control (C) Annual Audit (D) Standard Audit Answer: Internal Control More MCQs and Answers on Commerce 1. FEMA stands for– 3. Convertibility of the rupee implies– 4. …………..… has been founded to act as permanent watchdog on the international trade. 5. Which of the following … Read more

At the time of dissolution the loss of the business, will be compensated first of all from–

At the time of dissolution the loss of the business, will be compensated first of all from– (A) Capital (B) Profits (C) Personal resources of the partners (D) Donations Answer: Profits More MCQs and Answers on Commerce 1. FEMA stands for– 3. Convertibility of the rupee implies– 4. …………..… has been founded to act as permanent … Read more