List of top Commerce Questions

Match List I with List II:

List-I	List-II
(A) The Middle Office	(I) Involved in administration but without being seen by customers
(B) Office Automation	(IV) Aims to reduce paperwork and speed up business operations
(C) Virtual Office	(II) Office without physical space and facilities
(D) Back Office	(III) A part of the operations division of the business unit

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Which among the following is not a function of the filing system in an office?

Which among the following is the correct abbreviation of computer terminology?

GeM portal (Government e-Marketplace) is an e-commerce platform.

According to the Sale of Goods Act (Section 9), modes of fixing the price by one or the other are:
(A) It may be expressly fixed by the contract itself.
(B) If the price is not capable of being determined in accordance with any of the other modes, the buyer is bound to pay the seller price of his own choice.
(C) It may be determined by the course of dealings between the parties.
(D) It may be fixed in accordance with an agreed manner provided by the contract.
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At how many levels are consumer protection councils established?

Arrange the following incidents in order of their occurrence (First to Last):
(A) Establishment of LIC
(B) Establishment of IRDA
(C) The Insurance Act
(D) FDI in Insurance Sector in India
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Which among the following is an ancillary function of a bank?

The Lead Bank Scheme of RBI aims for the following objectives except:

An arrangement where a group of banks, which may not have any other business relationship with the borrower, participate for a single loan is known as:

Which among the following can not be considered as a refinance institution ?

It is said to be economies of scale when:

A firm's long-run decision to enter in or exit from a market depends upon the firm's ability to manage total revenue (TR), total cost (TC), quantity produced (Q), average total cost (ATC) and price of the goods (P). Which among the following is best suited for an entrepreneur interested to enter in a market?

The reasons which transform a valid contract into a void contract are given in List-I while the example of each reason is given in List-II. Match List-I with List-II:

List-I (Reasons)	List-II (Examples)
(A) Contract contingent on marriage	(I) A and B contract to marry each other. Before the marriage, A goes mad.
(B) Repudiation of a voidable contract	(II) A agrees to sell B 100 bags of wheat. Before delivery, the government bans private trading.
(C) Supervening impossibility	(III) A contracts to give a loan if B marries C. C dies unmarried.
(D) Subsequent illegality	(IV) A forces B to sell his car worth 15,00,000 for 5,00,000. B rescinds the contract.

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Keynesian relationship between income and consumption is termed as:

To understand the use of scarce resources and to study the composition of GDP (Gross Domestic Product) among various types of spending, GDP is divided into which of the following components?
(A) Consumption
(B) Investment
(C) Governement Purchases and Net Exports
(D) Governement Consumption and Net Imports
Choose the correct answer from the following.

Match List-I with List-II:

List I	List II
(A) IS-LM Model	Combines Keynesian cross and elements of the theory of liquidity preference (II)
(B) IS Curve	Shows the points that satisfy equilibrium in the goods market (I)
(C) Intersection of IS and LM	Shows the interest rate and income that satisfy equilibrium in both markets for a given price level (IV)
(D) LM Curve	Shows the points that satisfy equilibrium in the money market (III)

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Which of the following are the determinants for the price elasticity of demand?
(A) Availability of close substitutes
(B) Necessities versus Luxuries
(C) Definition of the market
(D) Time Horizon

Table 1 is the frequencies of occurrence of data values in a data set. Find out the mode.

A company can buy-back its own shares or other specified securities by the following methods except:

An insurance contract is based on some basic principles of insurance, which of the following is against those principles?

In reference to fire insurance following facts are given. Identify the correct statements.
(A) Fire insurance is a comprehensive policy which covers loss on account of fire, earthquake, riots, floods, strikes and malicious intent.
(B) Fire Insurance can be taken only by the owner of the premises to be insured.
(C) A tenant cannot insure rented premises but he can insure the contents of the premises.
(D) Fire insurance is compulsory if your house/flat is financed by a bank or any other financial institution.
Choose the correct answer from the options given below:

Which of the following are General Insurance companies in the public sector?
(A) Oriental Insurance Company Limited
(B) New India Assurance Company Limited
(C) SBI General Insurance Company Limited
(D) United India Insurance Company Limited
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Which of the following cannot be a method of measuring dispersion?

Autocorrelation in any regression model raises questions about the: