PGT Commerce Level-3 (HTEТ), Exam 2016Total Questions: 150121. Which of the following statement is true?A. A bill of exchange is drawn by the payeeB. A bill of exchange is drawn by the creditorsC. A bill of exchange is drawn for all cash transactionsD. A bill payable on demand is called time billCorrect Answer: B. A bill of exchange is drawn by the creditors122. Which of the following errors will be rectified through suspense account?A. Sales return book under cast by ₹ 1,000B. Sales return ₹ 1,000 not recordedC. Sales return ₹ 1,000 recorded as ₹ 100D. Sales return ₹ 1,000 recorded through purchase return bookCorrect Answer: A. Sales return book under cast by ₹ 1,000123. The board of directors of joint stock company is elected by:A. General publicB. Government bodiesC. ShareholdersD. EmployeesCorrect Answer: C. Shareholders124. Match List-I with List-II and select the correct answer using the Codes given below the lists:List-I List-II (a) MonopolyI. Price Taker(b) MonopolisticII. Homogeneous Product's Price Maker(c) Perfect competitionIII. Heterogeneous Product(d) OligopolyIV. Price RigidityChoose the correct answer from the options given below:(a)(b)(c)(d)A.IIIIIIIVB.IIIIVIIIC.IIIIVIIID.IVIIIIII(A)(B)(C)(D)Correct Answer: (A)125. In India, the Commercial Banks are given license of operation by:A. State GovernmentB. The Ministry of FinanceC. Reserve Bank of IndiaD. Banking Companies Regulation Act, 1949Correct Answer: C. Reserve Bank of India126. Which one is not the objective of Book Keeping?A. To know the number of workersB. To ascertain profit and lossC. To ascertain financial positionD. To ascertain cash positionCorrect Answer: A. To know the number of workers127. A measure of the responsiveness of quantity demanded to changes in the price of a related good is known as:A. Cross Elasticity of demandB. Substitution Elasticity of DemandC. Complementary Elasticity of DemandD. Price Elasticity of DemandCorrect Answer: A. Cross Elasticity of demand128. Which among the following is an On-the-Job training method?A. CoachingB. Class room lectures/conferencesC. Case studyD. FilmsCorrect Answer: A. Coaching129. Cost price of a machine ₹ 1,00,000 accumulated depreciation ₹ 45,000 sale price ₹ 40,000. How much is the loss or profit?A. Gain of ₹ 15,000B. Loss of ₹ 15,000C. Gain of ₹ 60,000D. Loss of ₹ 60,000Correct Answer: B. Loss of ₹ 15,000130. In the district Forum under Section 10 to 15 of the Consumer Protection Act 1986, who shall be the President?A. A person who is or has been or is qualified to become District CollectorB. A person who is or has been or is qualified to become District JudgeC. A person who is or has been or is qualified to become District Collector and a person who is or has been or is qualified to become District JudgeD. Chief JusticeCorrect Answer: B. A person who is or has been or is qualified to become District JudgeSubmit Quiz« Previous123456789101112131415Next »
