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Miscellaneous in Commerce MCQs

Commerce Objective Questions

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197. The most important economic function of stock exchange is to:
A. safeguard the interest of investors
B. help in the capital formation in the country
C. provide facilities for speculation
D. provide a ready market for old securities
Discussion
198. Material concept tell about:
A. Disclosure of loss
B. Disclosure of profit
C. Disclosure of all information which are important for investor
D. Disclosure of all information which are important for management
Discussion
199. Financial accounting is concerned with:
A. Recording of business expenses and revenue
B. Recording of costs of products and services
C. Recording of day to day business transactions
D. None of the above
Discussion
200. Profit from sale of assets is example for:
A. Revenue Profit
B. Capital Profit
C. Loss
D. None of these
Discussion
201. Aggregate of prime cost and Factory overhead is known as:
A. Work on Cost
B. Work Cost
C. Cost of Production
D. Direct Cost
Discussion
202. Which one of the following is not a Securities Rating Agency?
A. SEBI
B. ICRA
C. CRISIL
D. None of these
Discussion
203. Which items does not come under the balance sheet?
A. Sales
B. Share capital
C. Reserves and surplus
D. Unsecured loan
Discussion

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