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    Top Commerce Interview Questions to Know

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    Top Commerce Interview Questions to Know

    Edited By Team Careers360 | Updated on Sep 11, 2023 04:33 PM IST | #Commerce

    Preparing for a commerce interview questions requires a solid understanding of the field and the ability to confidently articulate your knowledge and experiences. Whether you're aspiring to land a role in accounting, finance, consulting, or any other commerce-related position, being well-prepared for the interview process is crucial. This article presents a curated list of top commerce interview questions that will help you navigate through the interview with ease. By familiarizing yourself with these commerce interview questions and their answers, you can boost your confidence, showcase your expertise, and increase your chances of securing the desired position. From technical concepts to practical scenarios, these commerce interview questions cover a wide range of topics to ensure you're ready for any challenge that comes your way. Read more to learn about commerce online courses!

    Top Commerce Interview Questions to Know
    Top Commerce Interview Questions to Know

    What are some popular commerce interview questions

    What is the difference between accounting and finance?

    One of the most important commerce questions for interview is the basic difference between finance and accounting. Accounting focuses on recording, analyzing, and reporting financial transactions, while finance deals with managing and investing money to optimize financial performance and achieve organizational goals.

    What is working capital, and why is it important?

    Working capital represents the funds available for day-to-day operations. It is calculated by subtracting current liabilities from current assets. It is crucial because it ensures smooth business operations, covers short-term obligations, and indicates the company's liquidity and financial health.

    Explain the concept of supply and demand?

    Supply refers to the quantity of a product or service available, while demand represents the quantity that consumers are willing and able to purchase. The interaction between supply and demand determines the price and availability of goods in the market. This is a pretty basic interview questions for commerce students

    What is the difference between a balance sheet and an income statement?

    Another important one among the commerce questions is the difference between an income statement and balance sheet. A balance sheet provides a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and equity. An income statement, on the other hand, summarizes a company's revenues, expenses, and net income over a specific period, typically a fiscal quarter or year.

    What are the main components of a business plan?

    A business plan typically includes an executive summary, company description, market analysis, organization and management structure, product/service description, marketing and sales strategies, financial projections, and funding requirements. This is again a basic commerce interview questions that is asked of from the candidates.

    What is depreciation, and how is it calculated?

    Depreciation is the allocation of the cost of a tangible asset over its useful life. It is calculated by dividing the initial cost of the asset by its expected lifespan or using various depreciation methods like straight-line, declining balance, or sum-of-years' digits. This is also an example of the different commerce interview questions and answers.

    How do you calculate gross profit margin?

    Gross profit margin is calculated by subtracting the cost of goods sold (COGS) from net sales revenue and dividing the result by net sales revenue, then multiplying by 100 to express it as a percentage. Again this is one of the basic questions asked in interview for commerce students

    What are the different types of market structures?

    The main market structures include perfect competition, monopoly, oligopoly, and monopolistic competition. Each structure represents different levels of competition, market power, and barriers to entry.

    How does inflation impact the economy?

    Inflation refers to the general increase in prices over time, resulting in a decrease in the purchasing power of money. It affects various aspects of the economy, including consumer purchasing power, interest rates, investment decisions, and business profitability. This is again a very important commerce related questions and answers.

    What is the role of a financial manager?

    Financial managers are responsible for managing an organization's financial activities, including financial planning, budgeting, financial analysis, risk management, and decision-making related to investments, capital structure, and financial strategies. This is another important commerce questions for interview asked.

    What are the key components of a cash flow statement?

    The key components of a cash flow statement include operating activities (cash flows from day-to-day operations), investing activities (cash flows from buying or selling assets), and financing activities (cash flows from raising or repaying capital).

    Explain the concept of risk management?

    Risk management involves identifying, assessing, and mitigating potential risks to minimize their impact on an organization's objectives. It includes processes such as risk identification, risk analysis, risk evaluation, and the implementation of risk mitigation strategies.

    These commerce interview questions and answers provide a starting point for your preparation for a commerce-related interview. It's essential to thoroughly understand the concepts and tailor your responses based on your knowledge and experiences.

    What are liquid assets?

    There are different types of assets that a business has for different kinds of purposes. If an interviewer asks questions regarding these liquid assets then the only thing he or she wants to know is whether you have knowledge of understanding, and evaluating a balance sheet along with the assets, and debts in a company. Moreover, an asset is something that can easily be converted into the form of cash in a short span of time.

    What is the purpose of audits?

    Audits are the central part of operating a business properly. While the company is earning revenue, they are required to make sure they are abiding by all the necessary rules and regulations so that they do not have any loopholes and can stay out of trouble. The interviewer will want to understand how much the candidates will understand the seriousness of company audits. This is another important commerce questions that will be asked of the candidates.

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    Mistakes to avoid while answering commerce interview questions

    Mentioned below are the most common mistakes to avoid while answering commerce interview questions:

    1. Lack of preparation: Failing to prepare adequately for the commerce interview interview can hinder your ability to provide well-thought-out and concise answers. Research the company, understand the job requirements, and review common commerce interview questions to ensure you're ready to articulate your knowledge and experiences effectively.

    2. Overcomplicating commerce interview questions answers: It's essential to provide clear and straightforward responses. Avoid using technical jargon or complex terminology that the interviewer may not understand. Instead, strive to communicate your ideas in a concise and easily understandable manner.

    3. Not showcasing relevant skills and experiences: During the commerce interview questions, focus on highlighting the skills and experiences that directly relate to the position and the field of commerce. Tailor your responses to demonstrate how your previous roles and achievements align with the job requirements and showcase your ability to contribute effectively.

    4. Being too vague or providing incomplete answers: Avoid giving vague or incomplete answers that do not address the question adequately. Be specific and provide examples or relevant details to support your responses. This shows your depth of knowledge and helps the interviewer gauge your competency.

    5. Lack of enthusiasm or engagement: Show genuine enthusiasm for the field of commerce and the opportunity to work with the company. Engage with the interviewer by asking thoughtful commerce interview questions, demonstrating your interest in the role and the organization. Maintain good eye contact, use positive body language, and showcase your enthusiasm throughout the interview.

    6. Disregarding ethical considerations: In the commerce field, ethical behavior is of utmost importance. Avoid making statements that indicate a lack of regard for ethical standards or unethical practices. Emphasize your commitment to integrity, transparency, and compliance with regulations and laws. This you must remember while answering commerce questions in an interview.

    7. Neglecting to research the company: Failing to research the company thoroughly can give the impression that you are not genuinely interested or invested in the opportunity. Take the time to understand the company's mission, values, products/services, competitors, and recent news or developments. Use this knowledge to tailor your responses and demonstrate your alignment with the organization's goals.
      By avoiding these common mistakes, you can present yourself as a confident, knowledgeable, and well-prepared candidate during your commerce interview questions. Remember to practice beforehand, showcase your relevant skills and experiences, and demonstrate your enthusiasm for the role and the organisation.

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    Final Thoughts

    Commerce is a broad-spectrum subject that encompasses different activities that involve the proper exchange of goods and services. If you are a fresher or an experienced level candidate it is important for you to be aware of interview questions that you may be asked by interviewers. The concepts that you need to be aware of are production, finance, and economics when learning for basic commerce questions and answers for interview If you have an idea of what you need to answer, and what you will be asked then this will only help you to prepare better and succeed at the interviews. We hope that this article on the top commerce questions and answers will help you face interviews with ease.

    Frequently Asked Question (FAQs)

    1. What skills are required for a career in commerce?

    Skills required for a career in commerce include, strong analytical and problem-solving abilities. proficiency in financial analysis, accounting, and quantitative methods, excellent numerical and mathematical skills, effective communication and presentation skills, attention to detail and accuracy in financial data analysis, knowledge of financial regulations and laws, proficiency in using accounting software and other relevant tools and adaptability to changing market conditions and economic trends.

    2. Is a career in commerce a good option?

    When one wants to ask interview questions for commerce students then a career in commerce can be a promising and rewarding choice. Commerce offers diverse opportunities in various sectors such as finance, accounting, banking, consulting, and entrepreneurship. The demand for commerce professionals remains high, and the skills acquired in this field are transferable across industries. Additionally, commerce roles often come with competitive salaries and growth prospects.

    3. Which companies offer jobs in commerce?

    Many companies across different industries require commerce professionals. Some notable companies that offer commerce-related jobs are Deloitte, PwC, KPMG, EY, JPMorgan Chase, Goldman Sachs, Citigroup, HSBC, Coca-Cola, PepsiCo, Google, Microsoft, IBM and Amazon. These are just a few examples, as numerous organizations across sectors require commerce professionals to manage their financial operations.

    4. What are the alternative career options in commerce?

    Commerce offers various alternative career options apart from traditional roles. Some alternative career paths within commerce are financial analyst, investment banker, management consultant, risk manager, tax consultant, financial planner, supply chain manager, entrepreneur or business owner. These roles allow individuals to leverage their commerce skills in different capacities and industries.

    5. What courses can enhance commerce-related skills?

    There are several courses and certifications available to enhance commerce-related skills, such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Management Accountant (CMA), Financial Risk Manager (FRM), Certified Treasury Professional (CTP), Certified Fraud Examiner (CFE), Business Analytics and Data Science courses and  Advanced Excel and Financial Modeling courses. Additionally, pursuing a Bachelor's or Master's degree in commerce, accounting, finance, or a related field can provide a strong foundation for a career in commerce.


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    Questions related to Commerce

    Have a question related to Commerce ?


    Here is a list of few best colleges of commerce in India -

    • SRCC - Shri Ram College of Commerce
    • Hindu College
    • Christ University, Bangalore
    • Loyola College
    • St. Joseph's College of Commerce

    Few best medical colleges in India

    • AIIMS Delhi
    • Christian Medical College, Vellore
    • Maulana Azad Medical College, New Delhi

    For more details regarding medical college, you can refer following link-

    Hello Student ,

    Most of the students get confused while choosing thier courses after completing your class 12 examination but since you have not mentioned your class 12 stream I will answer accoding to all streams .It will totally depend on you to choose the course , you should first find the courses in which you have interest then do some research about the course ( read the syllabus , career prospects) etc and you will easily find few courses .

    Some of the most famous courses in India are (choose according to your stream):

    • BTech (PCM only)
    • BSc
    • BCom
    • BBA
    • MBBS , BDS , BAMS etc (PCB only)
    • BA

    etc .

    Hope this helps.

    Hello there honours is a full time course of 3 years.

    Total fees of honurs in IPS  college Indore is INR 51,000.

    These are the 4 streams available;


    •Computer Application

    •Foreign Trade Management

    •Tax procedure  and Practice

    The average college rating on various  sites is 7.6 out of 10.

    From the last few years, placement cell is active and many students got placed.

    These are some top recruiters;

















    WIPRO and many more .

    The average package is INR 7.41L and the highest package is INR 33.60 L.

    For more visit the link



    You can submit your college fees through online mode.There are some universities and colleges who prefer taking their fees in online mode.

    And there are some universities and colleges who prefer taking fees in offline mode.

    It would be better if you tell me the name of college.

    Aap apni college ki fees online submit kar sakte hai agar college iski permission deta hai to.Aap confirm karne ke liye college se contact kar sakte hai.

    Agar aap hame college ka naam bata de to hame aapko batane mein aasani hogi.

    Feel free to ask if you have any more queries.

    All the best!

    Hello Aspirant,

    B.Com (Hons) is an specialized  undergraduate degree course in the field of commerce (business). For B.Com (//B.Com) (Hons) Syllabus and other information related to this course, I suggest you to refer the below Link,

    Hope this will help you. All the Best!!!

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    For publishing books, newspapers, magazines and digital material, editorial and commercial strategies are set by publishers. Individuals in publishing career paths make choices about the markets their businesses will reach and the type of content that their audience will be served. Individuals in book publisher careers collaborate with editorial staff, designers, authors, and freelance contributors who develop and manage the creation of content.

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    In a career as a vlogger, one generally works for himself or herself. However, once an individual has gained viewership there are several brands and companies that approach them for paid collaboration. It is one of those fields where an individual can earn well while following his or her passion. Ever since internet cost got reduced the viewership for these types of content has increased on a large scale. Therefore, the career as vlogger has a lot to offer. If you want to know more about the career as vlogger, how to become a vlogger, so on and so forth then continue reading the article. Students can visit Jamia Millia Islamia, Asian College of Journalism, Indian Institute of Mass Communication to pursue journalism degrees.

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    Careers in videography are art that can be defined as a creative and interpretive process that culminates in the authorship of an original work of art rather than a simple recording of a simple event. It would be wrong to portrait it as a subcategory of photography, rather photography is one of the crafts used in videographer jobs in addition to technical skills like organization, management, interpretation, and image-manipulation techniques. Students pursue Visual Media, Film, Television, Digital Video Production to opt for a videographer career path. The visual impacts of a film are driven by the creative decisions taken in videography jobs. Individuals who opt for a career as a videographer are involved in the entire lifecycle of a film and production. 

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    SEO Analyst

    An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns. 

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    A career as a gemologist is as magnificent and sparkling as gemstones. A gemologist is a professional who has knowledge and understanding of gemology and he or she applies the same knowledge in his everyday work responsibilities. He or she grades gemstones using various equipment and determines its worth. His or her other work responsibilities involve settling gemstones in jewellery, polishing and examining it. 

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    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

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    Production Manager

    Production Manager Job Description: A Production Manager is responsible for ensuring smooth running of manufacturing processes in an efficient manner. He or she plans and organises production schedules. The role of Production Manager involves estimation, negotiation on budget and timescales with the clients and managers. 

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    Welding Engineer

    Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

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    Commercial Manager

    A Commercial Manager negotiates, advises and secures information about pricing for commercial contracts. He or she is responsible for developing financial plans in order to maximise the business's profitability.

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    QA Manager

    Quality Assurance Manager Job Description: A QA Manager is an administrative professional responsible for overseeing the activity of the QA department and staff. It involves developing, implementing and maintaining a system that is qualified and reliable for testing to meet specifications of products of organisations as well as development processes. 

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    Reliability Engineer

    Are you searching for a Reliability Engineer job description? A Reliability Engineer is responsible for ensuring long lasting and high quality products. He or she ensures that materials, manufacturing equipment, components and processes are error free. A Reliability Engineer role comes with the responsibility of minimising risks and effectiveness of processes and equipment. 

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    Safety Manager

    A Safety Manager is a professional responsible for employee’s safety at work. He or she plans, implements and oversees the company’s employee safety. A Safety Manager ensures compliance and adherence to Occupational Health and Safety (OHS) guidelines.

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    ITSM Manager

    ITSM Manager is a professional responsible for heading the ITSM (Information Technology Service Management) or (Information Technology Infrastructure Library) processes. He or she ensures that operation management provides appropriate resource levels for problem resolutions. The ITSM Manager oversees the level of prioritisation for the problems, critical incidents, planned as well as proactive tasks. 

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    Computer Programmer

    Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

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    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

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    IT Consultant

    An IT Consultant is a professional who is also known as a technology consultant. He or she is required to provide consultation to industrial and commercial clients to resolve business and IT problems and acquire optimum growth. An IT consultant can find work by signing up with an IT consultancy firm, or they can work on their own as independent contractors and select the projects they want to work on.

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    Data Architect

    A Data Architect role involves formulating the organisational data strategy. It involves data quality, flow of data within the organisation and security of data. The vision of Data Architect provides support to convert business requirements into technical requirements. 

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    AI Data Analyst

    An AI Data Analyst is responsible for procuring, preparing, cleansing and modelling data utilising machine learning models and new analytical methods. He or she designs and creates data reports in order to provide support to stakeholders to make better decisions. 

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    Automation Test Engineer

    An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

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    UX Architect

    A UX Architect is someone who influences the design processes and its outcomes. He or she possesses a solid understanding of user research, information architecture, interaction design and content strategy. 


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