Question/Answer, related to Commerce

  1.     Explain price elasticity of demand.
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  3.    According to Balance Sheet equation concept, the capital will be ?
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  5.    The proportion of labour in GNP (Gross National Product) becomes low due to the following reasons? (A) Price lag behind wages (B) Profit lags behind prices (C) Prices lag behind profit (D) Wages lag behind price
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  7.    Continuous audit is suitable for? (A) Big institutions (B) Small institutions (C) General institutions (D) None of the above.
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  9.    Which of the following is not qualified to be a Company Auditor? (A) A body corporate (B) An employee of the company (C) A person who is indebted to the company for an amount exceeding Rs. 1,000 (D) All of the above.
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