Commerce online quiz 107

By | August 21, 2018

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10000 MCQ /questions on commerce questions answers

Question 1 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Idle time is.....
A
time spent by workers in factory
B
time spent by workers in office
C
time spent by workers off their work
D
time spent by workers on their job
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which one of the following is correct in respect of the doctrine of indoor management and the rule of constructive notice?
A
The former operates to protect the outsider against the company and the latter protects the company against the outsider
B
The former operates to protect the company against the outsider and the latter protects the outsider against the company
C
Both protect the company against the outsider
D
Both protect the outsider against the company
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Graph of variables having linear relation will be
A
Curved
B
Hyperbola
C
Straight line
D
None of the above
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
When most people refer to the mean, they are referring to the.....
A
median
B
arithmetic mean
C
geometric mean
D
cumulative mean
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What gets debited to the electronic credit ledger?
A
Matched input tax credit
B
Provisionally input tax credit
C
Unmatched input tax credit
D
All of them
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Who will be the head of the National Settlement Commission?
A
National President designated and appointed as such
B
National Chairman designated and appointed as such
C
Either a sitting or Retired Judge of a High Court
D
(b) and (c) Above
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..... is a detailed budget of cash receipts and cash expenditure incorporating both revenue and capital items.
A
Cash Budget
B
Capital Expenditure Budget
C
Sales Budget
D
Overhead Budget
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A
Current assets
B
Fixed assets
C
Intangible assets
D
Investments
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The ratios that refer to the ability of the firm to meet the short term obligations out of its short term resources
A
Liquidity ratio
B
Leverage ratio
C
Activity ratio
D
Profitability ratio
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Deduction under section 80D in respect of medical insurance premium is allowed to
A
Any assessee
B
An individual or HUF
C
Individual or HUF who is resident in India
D
Individual only
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Internet users account for about..... of the world's population.
A
0.07
B
0.17
C
0.27
D
0.47
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
How many types of taxes will be in Indian GST?
A
2
B
3
C
4
D
5 E. 6
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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?
A
Between 11th to 15th of the Next Month
B
Between 11th to 17th of the Next Month
C
Between 11th to 20th of the Next Month
D
No Revision is Permitted
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Process cost is ascertained and recorded in.....
A
balance sheet
B
profit and loss a/c
C
separate statement
D
separate ledger a/c
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Liquid or Quick assets =
A
Current assets-(Stock + Work in progress)
B
Current assets + Stock + Work in progress
C
(Current assets + Stock) + Work in progress
D
(Current assets + Work in progress)-Stock
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A Government company is one in which.....
A
the entire share capital is held by the central and / or state government
B
50% of capital is held by central government and the remaining 50% by one or more state governments
C
at least 51% of the capital is held by central and / or state governments
D
all of above
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Double entry accounting system includes
A
Accrual accounting only
B
Cash accounting only
C
Both cash and accrual accounting
D
None of the above
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is not the objective of Competition act 2002?
A
Prohibition of abuse of dominant position
B
Prohibition of restrictive Trade practives
C
Prohibition of anti-competitive Agreement
D
Regulation of combinations
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Document in a corporation which consists of amount of stock, name and addresses of directors is classified as
A
liability plan
B
stock planning
C
corporation paperwork
D
charter
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Can a supplier take credit of the TCS?
A
Yes
B
No
C
Yes, on the basis of the valid return filed
D
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.

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