10000 MCQ on COMMERCE

10000 MCQ /questions on commerce questions answers

Question 1
Factory overhead can be charged on the basis of.....
A
material cost
B
labour cost
C
prime cost
D
direct expenses






Question 2
Departmentalization of overhead is known as.....
A
primary distribution
B
secondary distribution
C
absorption
D
allocation
Question 3
Which of these is not a Material control technique:
A
ABC Analysis
B
Fixation of raw material levels
C
Maintaining stores ledger
D
Control over slow moving and non moving items
Question 4
When the Reserve Bank of India (RBI) is the lender of last resort, what does it mean?
A
RBI advances money to public whenever there is any emergency
B
Commercial banks give fund to the RBI
C
RBI advances necessary credit against eligible securities
D
All of the above






Question 5
Which is the other name that is given to the average revenue curve?
A
Profit curve
B
Demand curve
C
Average cost curve
D
Indifference curve
Question 6
In case of..... layout, production is carried on in special purpose machine.
A
functional
B
product
C
stationary
D
combined
Question 7
Which one of the following statements regarding 'financial literacy' is not true?
A
Its objective is to make people aware of the risks and rewards of investments so that they can make an informed choice.
B
India has a formal nationwide structured financial education programme.
C
This would enhance the effectiveness and integrity of financial markets.
D
It reduces the government burden in protecting the common person from elements of market failure.






Question 8
A representative firm works under..... conditions.
A
average
B
ideal
C
bad
D
good
Question 9
ATM cards are issued to a person who maintains any of following accounts with the bank
A
Savings Bank Accounts
B
Current Accounts
C
Term Deposits
D
Both (a) and (b)






Question 10
If budget sales units are 5000, ending inventory is 4000 units and beginning inventory is 1000, then budget production will be
A
4000 units
B
5000 units
C
8000 units
D
10000 units
Question 11
If two goods are complements, this means that a rise in the price of one commodity will induce
A
An upward shift in demand for the other commodity
B
A rise in the price of the other commodity
C
A downward shift in demand for the other commodity
D
No shift in the demand for the other commodity






Question 12
An asset that is NOT physical in nature is called
A
Intangible asset
B
Liquid asset
C
Current asset
D
Fixed asset
There are 12 questions to complete.






7 thoughts on “10000 MCQ on COMMERCE

  1. Nasir Bashir Mir

    Please inform me through email if any update
    Thanku

    Reply
  2. Basu Naik

    Thanks a lot sir….
    sir is there any possibility to access this in offline ? Its really helpful if its available in offline sir

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *