Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts?

EduRev

All Courses

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

Commerce Exam > Commerce Questions > Are the MCQs designed to test only basic know...

Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts?

Join for Free

Join for Free

View all answers Start learning for free

Explore Courses for Commerce exam

Similar Commerce Doubts

Based on below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?

View answer

Based on below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?How much money is still not paid up on the allotted shares?

View answer

Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.How much allotment amount is already received during application?

View answer

Based on below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?What is the amount that will be transferred to the securities premium account?

View answer

Chaudhary ltd. invited applications for 50000 shares of 10 each payable as follows: Rs 3 on application, Rs 4 on allotment, and the balance Rs 3 on first and final call. Applications were received for 64000 shares . The directors accepted applications for 47000 shares in full, alloted 3000 shares to applicants for 12000 shares and rejected applications for 5000 shares. Application money in excess of that required on allotment could be utilized for calls. Make entries in the journal. *?

View answer

Top Courses for CommerceView all

NCERT Books & Solutions for Commerce

Economics for CBSE Class 12 Board Examinations

Top Courses for Commerce

View all

Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts?

Share with a Friend

Answer this doubt

Question Description
Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts?.

Solutions for Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts? defined & explained in the simplest way possible. Besides giving the explanation of Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts?, a detailed solution for Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts? has been provided alongside types of Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts? theory, EduRev gives you an ample number of questions to practice Are the MCQs designed to test only basic knowledge or do they require deeper understanding and application of concepts? tests, examples and also practice Commerce tests.

Explore Courses for Commerce exam