Question 1

Directions: Choose the correct option for the given question.

Forwarding agent is appointed by

government
importer
exporter
importer and exporter jointly

Answer

Correct Option: C

Question 2

Directions: Choose the correct option for the given question.

The statement which mentions in detail the matters to be considered in a meeting is called

minutes of meeting
agenda of the meeting
notice of the meeting
resolution

Answer

Correct Option: B

Question 3

Directions: Choose the correct option for the given question.

Which of the following is not a principle of business organization?

Principle of objective
Principle of efficiency
Principle of division of labour
Principle of profit

Answer

Correct Option: D

Question 4

Directions: Choose the correct option for the given question.

A person can hold office at the same time as director in more than

5 companies
10 companies
15 companies
20 companies

Answer

Correct Option: B

Question 5

Directions: Choose the correct option for the given question.

One of the statutory duties of a company secretary is to

negotiate with third parties
keep proper books and register
gather information about competitors
act as a medium of communication

Answer

Correct Option: B

Question 6

Directions: Choose the correct option for the given question.

A company secretary has no right to

exercise control and supervision of activities of the company departments.
sign documents which requires authentication of the company.
demand his outstanding salary as a preferential creditor on winding up of the company.
call the annual general meeting of the company.

Answer

Correct Option: D

Question 7

Directions: Choose the correct option for the given question.

A change in the registered office of the company from one state to another can be affected by

a resolution of the board of directors
an ordinary resolution
a special resolution
a special resolution and confirmation from the Company Law Board

Answer

Correct Option: D

Question 8

Directions: Choose the correct option for the given question.

In fire insurance, insurable interest must be present

both at the time of insurance and at the time of loss of the subject-matter.
at the time of loss of the subject-matter.
at the time of effecting insurance.
at the time of receiving the payment.

Answer

Correct Option: A

Question 9

Directions: Choose the correct option for the given question.

A ship is so damaged that the cost of its repairs will exceed its value after repairs. It is a case of

constructive total loss
partial loss
particular average
actual loss

Answer

Correct Option: B

Question 10

Directions: Choose the correct option for the given question.

Which of the following is an implied warranty in a marine insurance?

Legality of adventure
Good faith
Social risk
Indemnity

Answer

Correct Option: A

Question 11

Directions: Choose the correct option for the given question.

Which of the following risks is not insurable?

Loss of employment
Speculative risk
Social risk
Export risk

Answer

Correct Option: B

Question 12

Directions: Choose the correct option for the given question.

Office work flows is interrupted by

visitors
absenteeism
telephone calls
all of the above

Answer

Correct Option: D

Question 13

Directions: Choose the correct option for the given question.

The object of filling is

proper sorting of letters
proper preservation of letters
quick retrieval of letters
all of the above

Answer

Correct Option: D

Question 14

Directions: Choose the correct option for the given question.

Franking Machine is used for

folding letters
stitching papers
sealing envelopes
stamping

Answer

Correct Option: D

Question 15

Directions: Choose the correct option for the given question.

The function of attracting, acquiring, retaining and developing human resources in an organization is called

recruitment
induction
training and placement
staffing

Answer

Correct Option: D

Question 16

Directions: Choose the correct option for the given question.

Which of the following is not the element of office management?

Environment
Means
Marketing
Managerial skills

Answer

Correct Option: C

Question 17

Directions: Choose the correct option for the given question.

When the 'Articles of Association' does not authorise the change in the capital then in order to alter the capital of a company

table 'A' should be adopted
articles should be altered
permission of the registrar of companies should be obtained
permission of the Company Law Board should be obtained

Answer

Correct Option: B

Question 18

Directions: Choose the correct option for the given question.

A company secretary is

a shareholder of the company
a debenture holder of the company
an employee of the company
a customer of the company

Answer

Correct Option: C

Question 19

Directions: Choose the correct option for the given question.

Limitation of auditing is

that it does not reveal complete picture of busines
that it does not guarantee accuracy of accounts
that auditor may be biased
all of the above

Answer

Correct Option: D

Question 20

Directions: Choose the correct option for the given question.

Plural executive means

a committee having line authority
a committee having staff authority
an executive having multiple powers
an executive having both line and staff authority

Answer

Correct Option: A

Question 21

Directions: Choose the correct option for the given question.

Current liabilities do not include

unclaimed dividends
sundry creditors
prepaid insurance
bank overdraft

Answer

Correct Option: A

Question 22

Directions: Choose the correct option for the given question.

The 'Articles of Association' establishes relationship between

company and the government
company and the outsiders
company, its members and members' interest
company and the registrar of the companies

Answer

Correct Option: C

Question 23

Directions: Choose the correct option for the given question.

Which of the following is not correct?

Cost of goods sold - Closing stock - Purchases = Opening stock.
Purchases + Opening stock - Cost of good sold = Closing stock.
Opening stock + Purchases - Closing stock = Cost of good sold.
Closing stock + Cost of good sold - Purchases = Opening stock.

Answer

Correct Option: A

Question 24

Directions: Choose the correct option for the given question.

Performance Appraisal is a management technique to

motivate the employees
find out worth of employees
give promotion to employees
find out difficulties of employees

Answer

Correct Option: C

Question 25

Directions: Choose the correct option for the given question.

The application money payable on a share should not be less than the following percentage of the face value of the share

5%
10%
20%
25%

Answer

Correct Option: A

Description: Commerce Aptitude This test contain 25 question to be ansewered in 20 mimutes
Number of Questions: 25
Created by: Tanuja Atwal
Tags: commerce Meetings and Proceedings Financial Management Company Management Fundamentals of Accounting Company Secretary and Company Secretary in Practice Company Law Cost Accounting Insurance Claims Mgt. Accounting and Business Finance Management Accounting & Business Finance

Commerce

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