Tuesday, 22 September 2020

Commerce MCQs Quiz Test Past Papers Questions And Answers

 If you are looking to prepared online Commerce Multiple Choice Objective type question answers you are here on right page. These objective type Commerce solved past papers MCQs are helpful for preparations of PPSC, FPSC, CSS, PMS, OTS, NTS, CTS, BPSC, SPSC all entry tests and interviews for jobs. 

Commerce MCQs

Learn these MCQs by quiz practice with four options A, B, C, D Select one of the correct option and the correct option will be in Answer Button shows your correct answer.

COMMERCE Entry Test MCQs Quiz Exams Preparations Online

Q.1: Which from the following is NOT among essentials of a valid contract?
  1. Consensus ad idem
  2. More than two parties
  3. Lawful consideration
  4. Free consent
Q.2: Raw materials that are remaining at the end of the reporting period are treated as?
  1. current assets
  2. fixed assets
  3. expenses
  4. liabilities
Q.3: The selling price of some goods is $1500 and cost to sell the goods is $200. What is the Net Realizable Value (NRV)?
  1. $1000
  2. $1200
  3. $1300
  4. $1500
Q.4: Shares of a public company are usually traded on a?
  1. central bank
  2. stock exchange
  3. securities And Exchange Commission
  4. hedge fund
Q.5: Selling bonds is a way to?
  1. paying debt
  2. improve exchange rate
  3. lend loans
  4. obtain loans
Q.6: The IMF was established in --------- at the Bretton Woods Conference in the United States?
  1. 1944
  2. 1945
  3. 1946
  4. 1947
Q.7: The IMF’s primary mission is to ensure the stability of the international?
  1. money exchange system
  2. money exchange rate
  3. monetary policy
  4. monetary system
Q.8: International Monetary Fund (IMF) provides loans to member countries that are experiencing problems with?
  1. excessive loans
  2. balance of payments
  3. poverty
  4. infrastructure development
Q.9: The return that is forgone by investing in a project instead of investing in a financial market at the same level of risk is known as?
  1. capital saving
  2. opportunity cost
  3. opportunity saving
  4. internal rate of return
Q.10: Which from the following derivative is not traded on exchanges?
  1. Forward
  2. Future
  3. Bond
  4. Option
Q.11: An investment is believed to be risky if?
  1. it is dangerous
  2. it has low returns
  3. its returns are uncertain
  4. its raw material is unavailable
Q.12: The World Bank has two goals: to promote shared prosperity in a sustainable way, and to?
  1. end extreme poverty
  2. reduce difference between rich and poor
  3. invest on health and education
  4. combat deadliest diseases
Q.13: The World Bank provides loans and grants to pursue?
  1. balance of payments
  2. capital projects
  3. exports
  4. education and health related projects
Q.14: GATT is an abbreviation for?
  1. General Agreement on Transport and Trade
  2. General Agreement on Tariffs and Trade
  3. Generally Accepted Telegraphic Transfer
  4. Generally Accepted on Trade and Telegraph
Q.15: The headquarter of World Trade Organization (WTO) is located in?
  1. London
  2. New York
  3. Washington
  4. Geneva
Q.16: The Internal Rate of Return (IRR) is the rate of discount that makes Net Present Value (NPV)?
  1. zero
  2. one
  3. positive
  4. negative
Q.17: An investment should be accepted if its Net Present Value (NPV) is?
  1. 0
  2. 1
  3. positive
  4. negative
Q.18: An investment should be accepted if?
  1. Rate of Return > Opportunity Cost
  2. Rate of Return < Opportunity Cost
  3. Rate of Return = Opportunity Cost
  4. A, B and C are irrelevant
Q.19: World Trade Organization (WTO) was established on 1 January?
  1. 1993
  2. 1995
  3. 1997
  4. 1999
Q.20: The main function of WTO is to ensure that trade flows:
I. smoothly
II. freely
III. predictably?
  1. I only
  2. II only
  3. I and II only
  4. I, II and III
Q.21: USMCA (United States-Mexico-Canada) free trade agreement has replaced?
  1. GATT
  2. NAFTA
  3. ECO
  4. League of Nations
Q.22: A company sent a job offer letter to a candidate on 2 May 2020. The candidate received the letter on 4 May 2020. The communication of offer is completed on?
  1. 2 May 2020
  2. 4 May 2020
  3. 3 May 2020
  4. 2 or 4 May 2020
Q.23: A company sent a job offer letter to a candidate. The candidate sent the acceptance letter on 2 May 2020 and the company received the letter on 4 May 2020. The communication of acceptance is completed on?
  1. 2 May 2020
  2. 4 May 2020
  3. 3 May 2020
  4. 2 or 4 May 2020
Q.24: International Trade figures (in million dollars) of a country are given below:?
  1. Value of goods exported: 100
  2. Value of goods imported: 120
  3. Spending by citizens on foreign travel: 30
  4. Services provided to foreign visitors: 10
Q.25: What was the Balance of Payments (in million dollars) for this country?
  1. $20 million
  2. $40 million
  3. –$20 million
  4. –$40 million


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