Bcom Bachelor of Commerce Cheat Sheet 2026

The 30 highest-yield Bcom Bachelor of Commerce facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. The central bank levies interest at a rate known as __________ for rediscounting and providing advances. → Bank rate
2. Which goods are consumers likely to feel most at ease purchasing online? → all of the above
3. Farmers are guaranteed a minimum support price. → floor price
4. Which of the following is NOT a required element for a valid contract? → Written form
5. Informed decision-making is aided by marketing research. → facilitator
6. The Weighted Average Cost of Capital (WACC) is defined as: → The weighted average of the after-tax costs of all capital sources
7. According to the Modigliani-Miller theorem in a world without taxes, firm value is: → Independent of the firm's capital structure
8. Government of the nation → tax
9. Issue The cost is what the government charges for food grains. → to ration shops
10. To what market segment do eBay and Amazon.com belong? → b2cs
11. Which of the following statements about the Indian healthcare industry is false? → inadequate insurance coverage
12. It does not relate to e-commerce → none of the above
13. Which type of data can only take specific, separate values (e.g., number of customers)? → Discrete data
14. Which type of audit opinion indicates that financial statements are fairly presented with no exceptions? → Unqualified (clean) opinion
15. When the cash available for competing liabilities of the same class is insufficient, pro-rata payment is applicable. → insufficient
16. What is 'independence' in auditing? → The auditor's freedom from conflicts of interest that could compromise objectivity
17. R Ltd. is an Indian business with its headquarters outside of the country. R Limited shall be: → resident in India
18. In hypothesis testing, what is the 'null hypothesis' (H₀)? → A statement of no effect or no difference that the test attempts to reject
19. R LTD. issued a 100-rupee debenture at 90 rupees apiece. On __________, the underwriting commission will be paid. → rs.90
20. A key limitation of the Payback Period method of capital budgeting is that it: → Ignores all cash flows occurring after the payback period
21. The Internal Rate of Return (IRR) is best defined as: → The discount rate at which the NPV of a project equals zero
22. The HUF is considered to be an Indian resident if → The control and management of its affairs is
23. What market is eBay an example of? → c2c
24. A favorable labor efficiency variance indicates that: → Actual hours worked were less than standard hours allowed
25. Under variable costing, fixed manufacturing overhead is treated as: → A period cost expensed in the period incurred
26. A salary advance would be taxable. → receipts
27. The most partners who can be accepted into a firm as partners are... → 20
28. In a normal distribution, approximately what percentage of data falls within one standard deviation of the mean? → 68%
29. The actual container, covering, or wrapping used to keep the goods safe is known as a. → packaging
30. Which organization sets auditing standards for public companies in the US? → Public Company Accounting Oversight Board (PCAOB)