Commerce MCQs
(A) when product is manufactured
(B) when product is used by the consumer
(C) when product reach the consumer
(D) when product reach the retailer
The answer is: (C) when product reach the consumer ☑
Q. Which from the following is NOT among essentials of a valid contract?
(A) Consensus ad idem
(B) More than two parties
(C) Lawful consideration
(D) Free consent
The answer is: (B) More than two parties ☑
Q. Raw materials that are remaining at the end of the reporting period are treated as
(A) current assets
(B) fixed assets
(C) expenses
(D) liabilities
The answer is: (A) current assets ☑
Q. The selling price of some goods is $1500 and cost to sell the goods is $200. What is the Net Realizable Value (NRV)?
(A) $1000
(B) $1200
(C) $1300
(D) $1500
The answer is: (C) $1300 ☑
Q. Shares of a public company are usually traded on a
(A) central bank
(B) stock exchange
(C) securities & Exchange Commission
(D) hedge fund
The answer is: (B) stock exchange ☑
Q. Selling bonds is a way to
(A) paying debt
(B) improve exchange rate
(C) lend loans
(D) obtain loans
The answer is: (D) obtain loans ☑
Q. The IMF was established in ________ at the Bretton Woods Conference in the United States.
(A) 1944
(B) 1945
(C) 1946
(D) 1947
The answer is: (A) 1944 ☑
Q. The IMF’s primary mission is to ensure the stability of the international
(A) money exchange system
(B) money exchange rate
(C) monetary policy
(D) monetary system
The answer is: (D) monetary system ☑
Q. International Monetary Fund (IMF) provides loans to member countries that are experiencing problems with
(A) excessive loans
(B) balance of payments
(C) poverty
(D) infrastructure development
The answer is: (B) balance of payments ☑
Q. 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
(A) capital saving
(B) opportunity cost
(C) opportunity saving
(D) internal rate of return
The answer is: (B) opportunity cost ☑
Q. Which from the following derivative is not traded on exchanges?
(A) Forward
(B) Future
(C) Bond
(D) Option
The answer is: (A) Forward ☑
Q. An investment is believed to be risky if
(A) it is dangerous
(B) it has low returns
(C) its returns are uncertain
(D) its raw material is unavailable
The answer is: (C) its returns are uncertain ☑
Q. The World Bank has two goals: to promote shared prosperity in a sustainable way, and to
(A) end extreme poverty
(B) reduce difference between rich and poor
(C) invest on health and education
(D) combat deadliest diseases
The answer is: (A) end extreme poverty ☑
Q. The World Bank provides loans and grants to pursue
(A) balance of payments
(B) capital projects
(C) exports
(D) education and health related projects
The answer is: (B) capital projects ☑
Q. GATT is an abbreviation for
(A) General Agreement on Transport and Trade
(B) General Agreement on Tariffs and Trade
(C) Generally Accepted Telegraphic Transfer
(D) Generally Accepted on Trade and Telegraph
The answer is: (B) General Agreement on Tariffs and Trade ☑
Q. The headquarter of World Trade Organization (WTO) is located in
(A) London
(B) New York
(C) Washington
(D) Geneva
The answer is: (D) Geneva ☑