Commerce 2021 PYQs_Part 2
#1. The basis of tax for ‘Income from house property’ is
#2. Personal Income = ₹62,000; Undistributed profit = ₹400; Corporate Tax = ₹1,000; Transfer payments = ₹2,000. National Income = ?
#3. Premium paid on the Joint Life Policy of the partners is:
#4. Flow of information amongst people of different departments at different level is known as:
#5. As per SEBI guidelines, on issue of shares, the application money should not be less than:
#6. Who is known as the father of Scientific Management?
#7. The arithmetic mean of a frequency distribution is 5. If each frequency is multiplied by 5, the arithmetic mean will be:
#8. A company cannot redeem its debentures:
#9. Secular trend cannot be measured by:
#10. Highest in First Out (HIFO) method of issue of material is useful when the:
#11. Which of the following is not a technique of Business Forecasting?
#12. Which of the following is not the assumption of consumer’s equilibrium in demand theory?
#13. An accounting system that does not take into consideration outstanding expenses and accrued incomes for computation of profit is called:
#14. Which of the following is not an attribute under statistical analysis?
#15. In the absence of an agreement, retiring partner’s share in the firm will be purchased by the remaining partners in the:
#16. The concept of economic order quantity is concerned with:
#17. Debtors = ₹40,000; B/R = ₹20,000; Credit Sales = ₹2,50,000; Sales Return = ₹10,000; B/P = ₹10,000. The average collection period will be:
#18. The relationship between two variables can be expressed in:
#19. The responsibility to conduct census in India lies with:
#20. According to Companies Act, 2013, shares can be issued by a company at:
#21. Determination of cost from actual expenses incurred is termed as:
#22. The term “Previous Year” means:
#23. Which of the following statements is NOT true?
#24. Number of subordinates that report directly to a single supervisor is called:
#25. In case of business forecasting, which of the following statements is not correct?
