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Important MCQs of Commerce
What is the primary function of the Securities and Exchange Board of India (SEBI)?
a) Regulating the insurance sector
b) Promoting foreign direct investment
c) Regulating and developing the securities market
d) Administering direct taxes
Answer: c) Regulating and developing the securities market
Which financial statement provides a snapshot of a company’s financial condition at a specific moment in time?
a) Income statement
b) Cash flow statement
c) Balance sheet
d) Statement of retained earnings
Answer: c) Balance sheet
What is the primary purpose of a central bank in a country’s economy?
a) Regulating international trade
b) Managing fiscal policy
c) Controlling inflation and managing the money supply
d) Enforcing labor laws
Answer: c) Controlling inflation and managing the money supply
What is the term for a legal document that grants an individual or organization the exclusive right to produce, use, and sell a specific invention for a certain period?
a) Copyright
b) Patent
c) Trademark
d) Royalty
Answer: b) Patent
Which of the following is a key feature of a monopoly market structure?
a) Many sellers offering identical products
b) A few large firms dominating the market
c) Easy entry and exit for new firms
d) Perfect competition among sellers
Answer: b) A few large firms dominating the market
In accounting, what does ROI stand for?
a) Return on Investment
b) Rate of Interest
c) Revenue of Income
d) Risk of Inflation
Answer: a) Return on Investment
What does the term “ROI” mean in the context of marketing?
a) Return on Investment
b) Rate of Interest
c) Return on Inventory
d) Revenue Over Income
Answer: a) Return on Investment
