Commerce online quiz 103

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
If the inputs and/or capital goods are not received or returned within the prescribed time limit:
A
It shall be deemed to be a supply on the day such inputs and/or capital goods are sent to job-worker and the principal to discharge the GST along with interest.
B
No consequences
C
The job-worker to discharge GST on expiry of the prescribed time limit.
D
Principal to reverse the input tax credit taken on such inputs and or capital goods.
Question 2
Who among the following is the head of the one-man inquire committee appointed by the government to inquire into reports on the US lobbying activities of Wal-Mart for access to India market?
A
V.N. Khare
B
Y.K. Sabharwal
C
Mukul Mudgal
D
R.C. Lahoti
Question 3
Reserve capital means
A
Part of subscribed uncalled capital
B
Accumulated profit
C
Part of Capital Reserve
D
Part of Capital Redemption Reserve
Question 4
Authority is of..... types
A
Legal Authority
B
Chromatic Authority
C
Traditional Authority
D
All of the above
Question 5
Calcutta Public Library was established during
A
15th Century
B
16th Century
C
19th Century
D
20th Century.
Question 6
Foreign Exchange Reserves of India are kept in the custody of which of the following?
A
Internatinal Monetary Fund
B
Goverment Treasury
C
RBI
D
SBI
Question 7
Service costing is called as.....
A
Operation costing
B
Operating costing
C
multiple costing
D
none of these
Question 8
The account that records expenses, gains and losses is
A
Personal account
B
Real account
C
Nominal account
D
None of the above
Question 9
The advance value of LIC policy is linked with
A
Face value
B
Surrender value
C
Paid up value
D
Depending on the age of policy holder
Question 10
TVC curve
A
Starts from origin
B
Does not start from origin
C
Is parallel to Y-axis
D
None of the above
Question 11
If firm's average cost curve is falling then marginal curve must be
A
Falling
B
Rising
C
Below average cost curve
D
None of the above
Question 12
Return on assets = 6.7% and equity multiplier = 2.5% then return on equity will be
A
16.75%
B
2.68%
C
0.37%
D
9.20%
Question 13
The claims against the company not acknowledged as debts are shown as
A
Current liabilities
B
Loans and advances
C
Notes to balance sheet
D
Director's report
Question 14
How much quantity of coins to be minted decided by-
A
RBI
B
Union government
C
SBI
D
IRDA
Question 15
Which of the following authorities is not involved with FDI dealing?
A
Reserve bank of India
B
Foreign Investment Implementation Authority
C
Securities and Exchange board of India
D
Foreign Investment Promotion Board
Question 16
.....is a method of evaluating the job in terms of its money value.
A
Job analysis
B
Motion study
C
work measurement
D
Job evaluation
Question 17
Sellers of options in financial markets are classified as
A
expiry writer
B
option writer
C
contract writer
D
bond writer
Question 18
Under which plan efficiency is shared by employee and employer equally?
A
Time rate
B
Gantts task and bonus plan
C
Halsey plan
D
Rowan plan
Question 19
Until word of preferred is used, an equity in balance sheet is treated as
A
common equity
B
preferred equity
C
due equity
D
common perpetuity
Question 20
Match List I (Financial Statements and Accounts) with List II (special matters associated with statements and accounts) and select the correct answer using the codes given below the lists: List I List II a. Receipts and Payments Account I. Revenue b. Inc
A
a b c d II I IV III
B
a b c d III II IV V
C
a b c d II I V III
D
a b c d I II IV V
There are 20 questions to complete.

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