Commerce & Accountancy Question for SEBI Grade A
Practice Questions Set for SEBI Grade A 2022. SEBI Grade A Commerce & Accountancy Question Set with answers Phase I & Phase II. SEBI Grade A Study Material, Books, PDFs, Free Notes, and Mock Test for of Commerce Accountancy. As we all know The Security Exchange Board of India (SEBI) has released the SEBI Grade A 2022 Notification for the recruitment of 120+ Assistant Managers across the country.
If you are preparing for SEBI Grade A 2022, you will come across a section on “Commerce & Accountancy”. In this post, you will get sample questions for SEBI Grade A Commerce & Accountancy section. If you prepare this thoroughly, you can very easily crack SEBI Grade A 2022. If you want to crack SEBI Grade A 2022 exam then you should buy Best Books for SEBI Grade A 2022. Before starting the preparation for this exam you will aware of SEBI Grade A Previous Year Papers. These questions are important for SEBI Grade A Exam.
Commerce & Accountancy Practice Question Set-4
1. Which is the last step of accounting as a process of information?
- Recording of data in the books of accounts
- Preparation of summaries in the form of financial statements
- Communication of information
- Analysis and interpretation of information
- Just in time
2. Which qualitative characteristics of accounting information is reflected when accounting information is clearly presented?
- Understandability
- Relevance
- Comparability
- Reliability
- None of These
3. Use of common unit of measurement and common format of reporting promotes;-
- Comparability
- Understandability
- Relevance
- Reliability
- None of These
4. Which of the following is not a business transaction?
- Bought furniture of Rs.10,000 for business
- Paid for salaries of employees Rs.5,000
- Paid sons fees from her personal bank account Rs.20,000
- Paid sons fees from the business Rs.2,000
- None of these
5. Which of the following is NOT a characteristic of useful information?
- Relevant
- Verifiable
- Accessible
- Cost-effective
- None of these
6. Accounting Information Systems (AIS) is most likely applicable to which area of accounting?
- Tax accounting
- Public Accounting
- Management Consulting
- All of the above
- None of these
7. Which of the following does not influence the design of an Accounting Information System (AIS)?
- Organizational culture
- Information Technology
- Business strategy
- Legal environment
- None of these
8. Reliability refers to the characteristic of information whereby-
- Uncertainty is reduced
- Information is free from error or bias.
- Timely.
- Verifiable.
- None of the above
9. Which of the following is a function of an AIS?
- reducing the need to identify a strategy and strategic position
- transforming data into useful information
- allocating organizational resources
- automating all decision making
- None of the above
10. Data differs from information in which way?
- Data is output, and information is input.
- Information is output, and data is input.
- Data is meaningful bits of information.
- There is no difference.
- None of these
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SEBI Grade A (Assistant Manager) 2022 Preparation Book (VOL. I) of Commerce & Accountancy, Management, and Finance

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