MCQOPTIONS
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MCQOPTIONS
This section includes 143 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Commerce (B Com) knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
The claim lodged by the business to the insurance company on happening the event of loss is called .. |
| A. | Insurance policy |
| B. | Insurance claim |
| C. | Insurance premium |
| D. | None of these |
| Answer» C. Insurance premium | |
| 52. |
When stock is destroyed the .. of loss is difficult |
| A. | computation |
| B. | reduction |
| C. | deduction |
| D. | allocation |
| Answer» B. reduction | |
| 53. |
A set of is to be followed to file a claim with the insurance company |
| A. | rule |
| B. | policies |
| C. | procedure |
| D. | None of these |
| Answer» D. None of these | |
| 54. |
Business concern often suffer due to different reasons .such as fire, theft, flood, strike, etc |
| A. | Normal losse |
| B. | abnormal losses |
| C. | natural losses |
| D. | None of these |
| Answer» C. natural losses | |
| 55. |
Salvage value of stock to be .. from book value of stock |
| A. | added |
| B. | deducted |
| C. | corrected |
| D. | none of these |
| Answer» C. corrected | |
| 56. |
Fire insurance policies contain an . to discharge under insurance |
| A. | Total clause |
| B. | net clause |
| C. | Gross clause |
| D. | average clause |
| Answer» E. | |
| 57. |
Average clause is a in the insurance company |
| A. | reserve |
| B. | fund |
| C. | provision |
| D. | none of these |
| Answer» D. none of these | |
| 58. |
Fire insurance policies contain an average clause to discourage .. |
| A. | Over insurance |
| B. | fire insurance |
| C. | under insurance |
| D. | None of these |
| Answer» D. None of these | |
| 59. |
Net claim on under insurance is equal to Loss of stock x value of stock On the date of fire |
| A. | Policy value |
| B. | Total value |
| C. | total sales |
| D. | none of these |
| Answer» B. Total value | |
| 60. |
Gross profit on short sales are calculated as |
| A. | Gross profit x operating ratio |
| B. | short sales x gross profit ratio |
| C. | Short sales x net profit ratio |
| D. | short sales x operating ratio |
| Answer» C. Short sales x net profit ratio | |
| 61. |
An annual payment which an insurer guarantees to pay for lump sum money received in the beginning is called .. |
| A. | Premium |
| B. | Annuity |
| C. | Claim |
| D. | Policy |
| Answer» C. Claim | |
| 62. |
Short sales is the difference between and actual sales of dislocated period |
| A. | net sale |
| B. | gross sales |
| C. | standard sales |
| D. | total sales |
| Answer» D. total sales | |
| 63. |
The amount of insurance .. to be paid at regular intervals |
| A. | policy |
| B. | claim |
| C. | commission |
| D. | premium |
| Answer» E. | |
| 64. |
On dissolution of firm creditors are paid -------- |
| A. | First |
| B. | Second |
| C. | Third |
| D. | Last |
| Answer» B. Second | |
| 65. |
At the time of calculating insurance claim , the average clause is . If the value of stock at the date of fire was more than the policy value. |
| A. | applicable |
| B. | obtainable |
| C. | receivable |
| D. | payable |
| Answer» B. obtainable | |
| 66. |
Realization account is a ---------- account |
| A. | Personal |
| B. | Real |
| C. | Nominal |
| D. | Both real and nominal |
| Answer» D. Both real and nominal | |
| 67. |
Firm s debts are paid first out of ----------- assets |
| A. | Partner s |
| B. | Firm s |
| C. | Shareholder s |
| D. | None of these |
| Answer» C. Shareholder s | |
| 68. |
Investment made to earn regular income |
| A. | marketable securitie |
| B. | fixed investments |
| C. | Trade Investments |
| D. | short term investments |
| Answer» D. short term investments | |
| 69. |
The price quoted includes interest |
| A. | cum interest |
| B. | ex-interest |
| C. | excluding interest |
| D. | None of these |
| Answer» B. ex-interest | |
| 70. |
Ex dividend quotation |
| A. | including dividend |
| B. | excluding dividend |
| C. | excess of dividend |
| D. | cumulative of dividend |
| Answer» C. excess of dividend | |
| 71. |
In respect of government security the price quoted is usually |
| A. | Ex- interest |
| B. | cum interest |
| C. | including interest |
| D. | none of above |
| Answer» B. cum interest | |
| 72. |
Short term investments made out of idle cash are called |
| A. | marketable securitie |
| B. | fixed investments |
| C. | trade investments |
| D. | none of these |
| Answer» B. fixed investments | |
| 73. |
Under .. , the sum assured is given to the beneficiary only On death of policy holder |
| A. | Whole life policy |
| B. | Endowment policy |
| C. | Annuity |
| D. | None of these |
| Answer» B. Endowment policy | |
| 74. |
Trade investment are investment made for . Period |
| A. | short period |
| B. | long period |
| C. | Two years period |
| D. | None of these |
| Answer» C. Two years period | |
| 75. |
Cum interest means |
| A. | Excluding interest |
| B. | Exclusive of interest |
| C. | cumulative interest |
| D. | none of the above |
| Answer» D. none of the above | |
| 76. |
Ex interest means .. |
| A. | Inclusive of interest |
| B. | Including interest |
| C. | Excluding interest |
| D. | None of these |
| Answer» D. None of these | |
| 77. |
Investment made for long period are called |
| A. | marketable securitie |
| B. | Temporary investments |
| C. | Trade investment |
| D. | Short investment |
| Answer» D. Short investment | |
| 78. |
Investment in government debentures , bonds etc. come under |
| A. | variable income bearing securities |
| B. | Temporary income bearing securities |
| C. | Fixed income bearing securities |
| D. | none of the above |
| Answer» D. none of the above | |
| 79. |
.. investment made for earning regular income |
| A. | short term investment |
| B. | marketable securities |
| C. | Temporary investment |
| D. | Trade investment |
| Answer» E. | |
| 80. |
A ledger maintained where separate investment account prepared for a particular scrip is known as .. |
| A. | investment ledger |
| B. | purchase ledger |
| C. | Sales ledger |
| D. | none of these |
| Answer» B. purchase ledger | |
| 81. |
When bonus share are received the average cost of the existing shares are . |
| A. | Reduced |
| B. | Increased |
| C. | equal |
| D. | none of these |
| Answer» B. Increased | |
| 82. |
Bonus shares are issued out of . |
| A. | capital reserve |
| B. | free reserve |
| C. | share premium |
| D. | none of these |
| Answer» C. share premium | |
| 83. |
Bonus shares are issued by .. free reserves |
| A. | Generalizing |
| B. | Capitalizing |
| C. | equalizing |
| D. | None of these |
| Answer» C. equalizing | |
| 84. |
Investment account is . Account |
| A. | Personal |
| B. | Nominal |
| C. | Real |
| D. | Revenue a/c |
| Answer» D. Revenue a/c | |
| 85. |
Right shares are issued to .. share holders |
| A. | previou |
| B. | existing |
| C. | future |
| D. | None of these |
| Answer» C. future | |
| 86. |
Sale of right is a .. receipt in case of right issue |
| A. | Revenue |
| B. | capital |
| C. | deferred revenue |
| D. | none of these |
| Answer» C. deferred revenue | |
| 87. |
A .. loan is payable on demand |
| A. | Short term |
| B. | Demand |
| C. | Fixed |
| D. | Long term |
| Answer» C. Fixed | |
| 88. |
Interest accrued up to the date of sale of investments added to ..Price. |
| A. | Ex-interest |
| B. | Cum-interest |
| C. | inclusive interest |
| D. | None of these |
| Answer» B. Cum-interest | |
| 89. |
The cost of right share is |
| A. | added to the cost of investment |
| B. | no treatment is required |
| C. | Subtracted from the cost of investments |
| D. | None of the above |
| Answer» B. no treatment is required | |
| 90. |
Brokerage is in the cost of investment in the books of Purchase of investment |
| A. | Added |
| B. | deducted |
| C. | increased |
| D. | subtracted |
| Answer» B. deducted | |
| 91. |
The amount given to the policy holder due to his liability of paying Further premium is called .. |
| A. | Annuity |
| B. | Bonus |
| C. | Surrender value |
| D. | Claim |
| Answer» D. Claim | |
| 92. |
Long term investments are carried at .. |
| A. | fair value |
| B. | cost price |
| C. | cost or market price which ever is less |
| D. | market price |
| Answer» C. cost or market price which ever is less | |
| 93. |
Cost of investment includes . |
| A. | purchase cost |
| B. | brokerage paid |
| C. | stamp duty paid |
| D. | All of the above |
| Answer» E. | |
| 94. |
Short term investments are carried at .. |
| A. | Fair price |
| B. | cost price |
| C. | cost or market price which ever is less |
| D. | Market value |
| Answer» D. Market value | |
| 95. |
Valuation balance sheet is prepared by business |
| A. | Fire insurance |
| B. | Marine insurance |
| C. | Life insurance |
| D. | All of these |
| Answer» D. All of these | |
| 96. |
Revenue account is also called |
| A. | Share holders a/c |
| B. | Policy holders a/c |
| C. | Creditors a/c |
| D. | None of these |
| Answer» C. Creditors a/c | |
| 97. |
account is real account |
| A. | Brokerage |
| B. | Stamp duty |
| C. | purchase |
| D. | Investments |
| Answer» E. | |
| 98. |
Fire insurance, marine insurance etc come under |
| A. | Life insurance |
| B. | General insurance |
| C. | Burglary insurance |
| D. | Double insurance |
| Answer» C. Burglary insurance | |
| 99. |
The commission given by insurance companies to others for receiving Business under re insurance is called . |
| A. | Commission on re insurance ceded |
| B. | Commission on re insurance accepted |
| C. | Agents commission |
| D. | None of these |
| Answer» C. Agents commission | |
| 100. |
Insurance claim is a claim by the insurance company |
| A. | Lodged |
| B. | Longed |
| C. | Lounged |
| D. | laughed |
| Answer» B. Longed | |