NAT-ICOM Online Exam for Commerce Group

If $3^x = 81$, then $x = ?$

1 Mark(s)

Your Answer:

3 3
4 4
5 5
27 27

Which is not a prime number?

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Your Answer:

2 2
3 3
5 5
9 9

Code: If APPLE is coded as ETTPI, what is DELHI?

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Your Answer:

HIPLM HIPLM
HIKLM HIKLM
HIPNM HIPNM
GIPLM GIPLM

Conversion Cost is:

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Your Answer:

DM + DL DM + DL
DM + FOH DM + FOH
DL + FOH DL + FOH
Prime Cost + FOH Prime Cost + FOH

Logical: If A+B=10 and A-B=4, then A*B=?

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Your Answer:

21 21
20 20
24 24
12 12

The manager was ______ of the employee's honesty.

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Your Answer:

Confident Confident
Skeptical Skeptical
Sure Sure
Aware Aware

CLOCK : TIME ::

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Your Answer:

Ruler : Height Ruler : Height
Compass : Direction Compass : Direction
Thermometer : Temperature Thermometer : Temperature
Car : Speed Car : Speed

Audit of a company is compulsory under:

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Your Answer:

Partnership Act Partnership Act
Companies Act Companies Act
Income Tax Ord Income Tax Ord
Sales Tax Act Sales Tax Act

A market with only two sellers is called:

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Your Answer:

Duopoly Duopoly
Monopoly Monopoly
Oligopoly Oligopoly
Monopsony Monopsony

Logical: Pointing to a man, a woman said, "His mother is the only daughter of my mother." How is the man related to the woman?

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Your Answer:

Brother Brother
Son Son
Uncle Uncle
Father Father

The cost which has already been incurred and cannot be recovered is:

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Your Answer:

Sunk Cost Sunk Cost
Opportunity Cost Opportunity Cost
Marginal Cost Marginal Cost
Imputed Cost Imputed Cost

BIRD : FLOCK ::

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Your Answer:

Wolf : Pack Wolf : Pack
Lion : Pride Lion : Pride
Sheep : Herd Sheep : Herd
Fish : School Fish : School

Antonym of ACQUIT:

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Your Answer:

Convict Convict
Evict Evict
Forgive Forgive
Clear Clear

She is quite ______ of the fact that she has no money.

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Your Answer:

Conscience Conscience
Conscious Conscious
Conscientious Conscientious
Cautious Cautious

Which method results in lowest inventory value during deflation?

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Your Answer:

Weighted Average Weighted Average
HIFO HIFO
LIFO LIFO
FIFO FIFO

Statement: "All mangoes are golden." "No golden thing is cheap." Conclusion: Mangoes are not cheap.

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Your Answer:

1 1
Option 2 Option 2
Uncertain Uncertain
Invalid Invalid

Vouching implies:

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Your Answer:

Checking assets Checking assets
Examining documents Examining documents
Preparing report Preparing report
Checking cash Checking cash

Consumer surplus is the difference between:

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Your Answer:

Willing to pay - Actual price Willing to pay - Actual price
Total utility - Price Total utility - Price
Income - Expenditure Income - Expenditure
Demand - Supply Demand - Supply

Synonym of EAGER:

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Your Answer:

Keen Keen
Lazy Lazy
Slow Slow
Bored Bored

Which statement helps to identify how profit is used?

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Your Answer:

Balance Sheet Balance Sheet
Income Statement Income Statement
Statement of Retained Earnings Statement of Retained Earnings
Cash Flow Statement Cash Flow Statement

Difference between smallest 3-digit number and largest 2-digit number:

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Your Answer:

10 10
100 100
1 1
9 9

Comprehension: "The factory smoke turned the sky grey." Effect: This implies...

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Your Answer:

It was raining It was raining
It was night It was night
Pollution Pollution
The factory was painting the sky The factory was painting the sky

Product of -2, -3, -4 is:

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Your Answer:

24 24
-24 -24
12 12
-12 -12

The Lorenz Curve measures:

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Your Answer:

Income Inequality Income Inequality
Inflation Inflation
Unemployment Unemployment
Poverty Poverty

Registration of a partnership firm is:

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Your Answer:

Compulsory Compulsory
Optional Optional
Illegal Illegal
Banned Banned

Comprehension: "He has a green thumb." Meaning:

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Your Answer:

Good at gardening Good at gardening
Sick Sick
Envious Envious
Painter Painter

If $x + y = 10$ and $x - y = 2$, then $x = ?$

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Your Answer:

4 4
6 6
5 5
8 8

Analogy: CALENDAR : DATES ::

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Your Answer:

Dictionary : Words Dictionary : Words
Clock : Time Clock : Time
Map : City Map : City
Book : Pages Book : Pages

Average of first 5 prime numbers is:

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Your Answer:

5 5
5.6 5.6
6 6
5.4 5.4

Antonym of OBSCURE:

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Your Answer:

Distinct Distinct
Vague Vague
Confusing Confusing
Hidden Hidden

A number divisible by 2 and 3 is divisible by:

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Your Answer:

5 5
4 4
6 6
8 8

Synonym of FABRICATE:

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Your Answer:

Demolish Demolish
Construct Construct
Wear Wear
Wash Wash

In a class of 50, 20 are girls. Percentage of boys?

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Your Answer:

0.4 0.4
0.5 0.5
0.6 0.6
0.7 0.7

Antonym of DILIGENT:

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Your Answer:

Intelligent Intelligent
Lazy Lazy
Active Active
Energetic Energetic

Which document contains the rules and regulations for the internal management of a company?

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Your Answer:

Memorandum of Association Memorandum of Association
Articles of Association Articles of Association
Prospectus Prospectus
Certificate of Incorporation Certificate of Incorporation

Scenario: A, B, C, D, E sit on a bench. A is next to B. C is next to D. D is not next to E. E is on the left end of the bench. C is in the second position from the right. A is to the right of B and E. Question: Who is at the extreme right?

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Your Answer:

A A
B B
C C
D D

Solution set of $|x| = 5$:

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Your Answer:

$\{5\}$ $\{5\}$
$\{-5\}$ $\{-5\}$
$\{-5, 5\}$ $\{-5, 5\}$
$\{25\}$ $\{25\}$

Series: 240, 120, 40, 10, ?

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Your Answer:

2 2
5 5
4 4
1 1

Statement: Some books are pens. No pen is a pencil. Conclusion: Some books are pencils.

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Your Answer:

1 1
Option 2 Option 2
Uncertain Uncertain
Valid Valid

Isoquant curve shows combinations of inputs yielding same:

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Your Answer:

Cost Cost
Output Output
Profit Profit
Utility Utility

Series: 3, 7, 15, 31, 63, ?

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Your Answer:

127 127
120 120
96 96
100 100

Scenario: 7 tasks (Same conditions). Question: Which task is performed immediately after T5?

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Your Answer:

T3 T3
T2 T2
T1 T1
T6 T6

The building was ______ by the fire.

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Your Answer:

Raised Raised
Risen Risen
Razed Razed
Erased Erased

The most important clause of the Memorandum of Association is:

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Your Answer:

Name Clause Name Clause
Capital Clause Capital Clause
Object Clause Object Clause
Liability Clause Liability Clause

The "Diamond-Water Paradox" is explained by:

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Your Answer:

Total Utility Total Utility
Cost of Production Cost of Production
Marginal Utility Marginal Utility
Scarcity Scarcity

If $f(x) = 2x + 1$, then $f(3) = ?$

1 Mark(s)

Your Answer:

6 6
7 7
8 8
9 9

We should ______ by the rules of the institution.

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Your Answer:

Abide Abide
Follow Follow
Stick Stick
Adhere Adhere

Cooperative Societies are formed primarily for:

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Your Answer:

Profit Maximization Profit Maximization
Service to members Service to members
Monopoly Monopoly
Export Export

Indirect material and indirect labor are part of:

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Your Answer:

Prime Cost Prime Cost
Factory Overhead Factory Overhead
Admin Expenses Admin Expenses
Selling Expenses Selling Expenses

The chemical warfare was ______ by the international community.

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Your Answer:

Commended Commended
Condemned Condemned
Condoned Condoned
Confirmed Confirmed

Antonym of BARBAROUS:

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Your Answer:

Cruel Cruel
Wild Wild
Civilized Civilized
Ancient Ancient

A Joint Stock Company is a:

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Your Answer:

Natural Person Natural Person
Citizen Citizen
Artificial Person Artificial Person
Government Body Government Body

Analogy: WAITER : RESTAURANT ::

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Your Answer:

Teacher : School Teacher : School
Actor : Role Actor : Role
Driver : Car Driver : Car
Author : Library Author : Library

Series: 5, 10, 13, 26, 29, ?

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Your Answer:

52 52
58 58
60 60
32 32

The document inviting the public to subscribe for shares is called:

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Your Answer:

Prospectus Prospectus
Memorandum Memorandum
Articles Articles
Balance Sheet Balance Sheet

Listing of securities is done at:

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Your Answer:

Stock Exchange Stock Exchange
Central Bank Central Bank
Chamber of Commerce Chamber of Commerce
SECP SECP

OPTIMIST : CHEERFUL ::

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Your Answer:

Pessimist : Gloomy Pessimist : Gloomy
Doctor : Patient Doctor : Patient
Teacher : Student Teacher : Student
Driver : Car Driver : Car

Expand $(a-b)(a+b)$.

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Your Answer:

$a^2 - b^2$ $a^2 - b^2$
$a^2 + b^2$ $a^2 + b^2$
$a^2 - 2ab + b^2$ $a^2 - 2ab + b^2$
$a-b$ $a-b$

Series: Z, X, V, T, ?

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Your Answer:

S S
R R
Q Q
P P

If A:B = 2:3 and B:C = 4:5, what is A:C?

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Your Answer:

0.34375 0.34375
0.086805555555556 0.086805555555556
0.26041666666667 0.26041666666667
0.34722222222222 0.34722222222222

Comprehension: "The child played in the park until sunset." Inference: The child played...

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Your Answer:

For a few minutes For a few minutes
For a long duration For a long duration
At night At night
In the morning only In the morning only

Code: If CAT = 24, DOG = 26, RAT = ?

1 Mark(s)

Your Answer:

30 30
39 39
40 40
38 38

The mode of 1, 2, 2, 3, 4 is:

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Your Answer:

1 1
2 2
3 3
4 4

SCALPEL : SURGEON ::

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Your Answer:

Pen : Reader Pen : Reader
Chisel : Sculptor Chisel : Sculptor
Brush : Painter Brush : Painter
Knife : Butcher Knife : Butcher

Arithmetic Mean of $x$ and $y$ is:

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Your Answer:

$xy$ $xy$
$x-y$ $x-y$
$(x+y)/2$ $(x+y)/2$
$\sqrt{xy}$ $\sqrt{xy}$

Gini Coefficient ranges from:

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Your Answer:

-1 to 1 -1 to 1
0 to 1 0 to 1
1 to 100 1 to 100
0 to Infinity 0 to Infinity

Perfectly elastic supply curve is:

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Your Answer:

Vertical Vertical
Horizontal Horizontal
Upward sloping Upward sloping
Downward sloping Downward sloping

I cannot ______ this insult.

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Your Answer:

Bare Bare
Bear Bear
Beer Beer
Bar Bar

Work done = ?

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Your Answer:

Force $\times$ Distance Force $\times$ Distance
Force / Distance Force / Distance
Force + Distance Force + Distance
Speed $\times$ Time Speed $\times$ Time

Original price 500, Discount 10%. Sale Price?

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Your Answer:

400 400
450 450
490 490
550 550

Reciprocal of 2/5 is:

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Your Answer:

45693 45693
=-2/5 =-2/5
1 1
0.4 0.4

Common Seal of a company acts as its:

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Your Answer:

Asset Asset
Signature Signature
Liability Liability
Address Address

Series: 4, 9, 19, 39, ?

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Your Answer:

69 69
79 79
89 89
59 59

Job costing is used for:

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Your Answer:

Cement Industry Cement Industry
Printing Press Printing Press
Sugar Mill Sugar Mill
Refinery Refinery

Salary increased by 10% then decreased by 10%. Net change?

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Your Answer:

No change No change
1% Decrease 1% Decrease
1% Increase 1% Increase
20% Change 20% Change

In perfect competition, the demand curve for an individual firm is:

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Your Answer:

Downward sloping Downward sloping
Perfectly elastic Perfectly elastic
Vertical Vertical
Upward sloping Upward sloping

Comprehension: "The car cost an arm and a leg." Meaning:

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Your Answer:

Cheap Cheap
Painful Painful
Accident Accident
Expensive Expensive

Analogy: DOCTOR : STETHOSCOPE ::

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Your Answer:

Author : Book Author : Book
Painter : Brush Painter : Brush
Teacher : School Teacher : School
Mechanic : Car Mechanic : Car

Analogy: BACTERIA : ILLNESS ::

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Your Answer:

Medicine : Germs Medicine : Germs
Fire : Heat Fire : Heat
Cloud : Rain Cloud : Rain
Knife : Cut Knife : Cut

The cost of direct materials is classified as a:

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Your Answer:

Period cost Period cost
Product cost Product cost
Operating cost Operating cost
Admin cost Admin cost

Odd one out: 8, 27, 64, 100.

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Your Answer:

8 8
27 27
64 64
100 100

What is the HCF of 12, 15, and 18?

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Your Answer:

6 6
3 3
1 1
12 12

A partner who invests capital but does not participate in management is:

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Your Answer:

Sleeping Partner Sleeping Partner
Active Partner Active Partner
Nominal Partner Nominal Partner
Minor Partner Minor Partner

Series: 2, 6, 12, 20, 30, ?

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Your Answer:

40 40
36 36
42 42
48 48

In the short run, a firm shuts down if Price is less than:

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Your Answer:

AC AC
AVC AVC
MC MC
AFC AFC

Standard Costing involves:

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Your Answer:

Comparison with standards Comparison with standards
Historical costing Historical costing
Estimating future costs Estimating future costs
Random costing Random costing

Elasticity of demand equal to 1 is called:

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Your Answer:

Elastic Elastic
Inelastic Inelastic
Unitary Elastic Unitary Elastic
Perfectly Elastic Perfectly Elastic

Which is largest? $0.1, 0.01, 0.001, 0.11$

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Your Answer:

0.1 0.1
0.01 0.01
0.001 0.001
0.11 0.11

Scenario: 5 friends (Same conditions). Question: Who sits in the center?

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Your Answer:

A A
B B
C C
D D

Which business organization has the longest life?

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Your Answer:

Sole Proprietorship Sole Proprietorship
Partnership Partnership
Joint Stock Company Joint Stock Company
Joint Venture Joint Venture

Evaluating Your Answers

NAT-ICOM Online Exam for Commerce Group : Question 1 of 90