Commerce online quiz 106

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Unit cost is another name for
A
MC
B
AVC
C
ATC
D
AFC
Question 2
R Ltd., is an Indian company whose entire control and management of its affairs is situated outside India. R Ltd., shall be
A
Resident in India
B
Non-resident in India
C
Not ordinarily resident in India
D
None of the above
Question 3
Cost which is used to calculate weighted average cost of capital is classified as
A
weighted cost of capital
B
component cost of preferred stock
C
transaction cost of preferred stock
D
financing of preferred stock
Question 4
Costs, which consist of interdepartmental cost allocations plus cost of support department are classified as
A
complete reciprocal costs
B
artificial costs
C
operating costs
D
flexible operating costs
Question 5
Variable cost per unit.....
A
varies when output varies
B
remains constant
C
increase when output increases
D
decreases when output decreases
Question 6
Assertion (A). Management of working capital refers to the management of current assets and current liabilities. Reason (R). But the major thrust of course is on the management of current assets because current liabilities arise in the context of current
A
Both (A) and (R) are correct.
B
(A) is correct and (R) is incorrect.
C
Both (A) and (R) are incorrect.
D
(A) is incorret, but (R) is correct.
Question 7
Which of the following are international financial considerations faced by both small and large MNEs?
A
Currency systems
B
Tax systems
C
Interest rates
D
Exchange rate
Question 8
Passive factor of production is
A
Only Land
B
Only Capital
C
Both Land & Capital
D
Neither Land nor Capital
Question 9
Firm's promise to pay and is backed or guaranteed by bank is classified as
A
customer's acceptance
B
banker's acceptance
C
federal acceptance
D
treasury acceptance
Question 10
Classification of accounts is made in
A
Journal
B
Ledger
C
Subsidiary book
D
Balance Sheet.
Question 11
Where the service of Notice or issuance of order is stayed by a court order, can the period of such stay be excluded in computing the period specified in sub-sections (2) and (10) of section 73 and section 74?
A
Yes
B
No
C
At proper officer's discretion
D
None of the above
Question 12
Under which one of the following circumstances the Central Government is empowered to direct special audit of the companies?
A
Where any director has misappropriated the company's fund
B
Where a shareholder has complained to the Government about the non-payment of dividend
C
Where the company has continuously defaulted in the payment of interest to the debentureholders
D
Where the conduct of management is in the manner which is injurious to trade industry or business to which it pertains.
Question 13
An overtime is considered in cost accounting as
A
indirect costs
B
overhead costs
C
premium costs
D
both a and b
Question 14
In process costing, a joint product is:
A
a product which is later divided into many parts
B
a product which is produced simultaneously with other products and is of similar value to at least one of the other products.
C
A product which is produced simultaneously with other products but which is of a greater value than any of the other products.
D
a product produced jointly with another organization
Question 15
Graphical representation of cost driver data and costs is considered as
A
plotting data
B
plotting costs
C
plotting cost drivers
D
plotting curved line
Question 16
Too much import of Gold by India adversely affects:
  1. Trade Balance
  2. Current Account Balance
  3. Capital Account Balance
Choose the correct option from the codes given below:
A
1 & 2
B
2 & 3
C
1, 2 & 3
D
1 & 3
Question 17
'Swabhiman', the financial inclusion scheme, comes under the purview of which ministry?
A
Ministry of Commerce
B
Ministry of Home Affairs
C
Ministry of Finance
D
Ministry of External Affairs
Question 18
The cost of perpetual debt after tax is calculated as
A
correctchoice
Question 19
Which of the following is the test of the long term liquidity of a business?
A
Interest coverage ratio
B
Stock turnover ratio
C
Operating ratio
D
Current ratio
Question 20
Intimation to the Commissioner has to be given within.....
A
1 month
B
60 days
C
90 days
D
45 days
There are 20 questions to complete.

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