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Commerce Questions and Answers - Short GK Questions 1. Name the term which is concerned with the activities involved in the sale, transfer or exchange of goods and services: Answer: Commerce. 2. Which is the oldest form of business organization? Answer: Sole proprietorship. 3.


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Conversion cost is the sum of. Indirect wages and factory overhead. Direct material cost and indirect wages. Direct wages, direct expenses and factory overhead. Prime cost and selling & distribution overhead. View Answer. Normally Demand curve slopes. View Answer. 9 According to Kieth Devis, which one is not a barrier of communication ?


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1) Entertainment tax 2) Expenditure tax 3) Agricultural income tax 4) Land revenue View Answer Q. The Indian income tax is - 1) Direct and proportional 2) Indirect and proportional 3) Indirect and progressive 4) Direct and progressive View Answer Q. Which of the following taxes is not a source of revenue for the Union Government? 1) Income tax


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General Knowledge Commerce Questions ( Next GK Commerce Questions ) 1. In case of Board Meetings the Quorum must be present- (A) At the commencement of the meeting (B) At the termination of the meeting (C) Throughout the meeting (D) At the commencement and termination both See Answer: 2.


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1. Exam B 50 questions + 15 questions from Exam C (1-16, page 135) Questions: 65 | Attempts: 116 | Last updated: Mar 19, 2023. Sample Question. A 3-tier e-commerce web application is current deployed on-premises and will be migrated to AWS for greater scalability and elasticity.


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1. Which of the following is not a current liability? A. Bank Overdraft B. Bills Payable C. Outstanding Expenses D. Equity Share Capital 2. Contingent Liability is shown owing to the A. Convention of conservatism B. Convention of materiality C. Convention of full disclosure D. Dual aspect concept 3.

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