10000 MCQ /questions on commerce questions answers
Idle time is.....
time spent by workers in factory
time spent by workers in office
time spent by workers off their work
time spent by workers on their job
Which one of the following is correct in respect of the doctrine of indoor management and the rule of constructive notice?
The former operates to protect the outsider against the company and the latter protects the company against the outsider
The former operates to protect the company against the outsider and the latter protects the outsider against the company
Both protect the company against the outsider
Both protect the outsider against the company
Graph of variables having linear relation will be
None of the above
When most people refer to the mean, they are referring to the.....
What gets debited to the electronic credit ledger?
Matched input tax credit
Provisionally input tax credit
Unmatched input tax credit
All of them
Who will be the head of the National Settlement Commission?
National President designated and appointed as such
National Chairman designated and appointed as such
Either a sitting or Retired Judge of a High Court
(b) and (c) Above
..... is a detailed budget of cash receipts and cash expenditure incorporating both revenue and capital items.
Capital Expenditure Budget
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
The ratios that refer to the ability of the firm to meet the short term obligations out of its short term resources
Deduction under section 80D in respect of medical insurance premium is allowed to
An individual or HUF
Individual or HUF who is resident in India
Internet users account for about..... of the world's population.
How many types of taxes will be in Indian GST?
5 E. 6
What is the proposed Permissible Time Period for addition or Deletion or editing or modifications of the entries related to one's statement of outward supply in the same month based on GSTR-2?
Between 11th to 15th of the Next Month
Between 11th to 17th of the Next Month
Between 11th to 20th of the Next Month
No Revision is Permitted
Process cost is ascertained and recorded in.....
profit and loss a/c
separate ledger a/c
Liquid or Quick assets =
Current assets-(Stock + Work in progress)
Current assets + Stock + Work in progress
(Current assets + Stock) + Work in progress
(Current assets + Work in progress)-Stock
A Government company is one in which.....
the entire share capital is held by the central and / or state government
50% of capital is held by central government and the remaining 50% by one or more state governments
at least 51% of the capital is held by central and / or state governments
all of above
Double entry accounting system includes
Accrual accounting only
Cash accounting only
Both cash and accrual accounting
None of the above
Which of the following is not the objective of Competition act 2002?
Prohibition of abuse of dominant position
Prohibition of restrictive Trade practives
Prohibition of anti-competitive Agreement
Regulation of combinations
Document in a corporation which consists of amount of stock, name and addresses of directors is classified as
Can a supplier take credit of the TCS?
Yes, on the basis of the valid return filed
Yes, on the basis of a valid return filed by the e-commerce operator and there is no discrepancy in the returns
There are 20 questions to complete.