Commerce online quiz 11

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।)
Difference between flexible budget amount and corresponding static budget amount is classified as
A
sales revenue variance
B
cost profit variance
C
profit volume variance
D
sales volume variance
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following skills is equally important at all levels of management?
A
Technical skill
B
Human relation skill
C
Conceptual skill
D
All of the above
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Materials used in the normal operation of a business but not related to primary business operations are called what?
A
Supplies
B
Direct materials
C
Indirect materials
D
Daily stuff
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
According to the principle of "Span of control" there is
A
A tendency of overload supervisors with too much of work
B
A limit to the number of subordinates a supervisor can effectively supervise.
C
No limit to the number of subordinates a supervisor can supervise.
D
A limit to delegation of authority to the subordinate.
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Does an existing Tax payer have to surrender the existing Registration certificates to obtain GST registration?
A
No, automatically he will receive final registration.
B
Yes, all registration certificates to be surrendered
C
Migrated to provisional registration subject to verification of documents
D
No, Provisional Registration is automatic
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cost of a fixed asset-Accumulated depreciation expenses of the fixed asset =?
A
Book value of a fixed asset
B
Market value of a fixed asset
C
Historical cost of a fixed asset
D
Recoverable amount if a fixed asset
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If vendor are issued fully paid shares of Rs. 80, 000 in consi1eration of net assets of Rs. 60, 000, then the balance of Rs. 20, 000 will be:
A
Debited to profit and loss account
B
Debited to goodwill account
C
Credited to capital reserve account
D
Credited to share premium account.
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Disinvestment of shares means-
A
To sale the shares of private company to public
B
To sale the shares of public company to the public
C
To sale the shares of Government company to the public
D
To sale of shares by holding company to its subsidiary company
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A transport company is running five buses between two towns, which are 50 kms apart. Seating capacity of each bus is 50 passengeRs Actually passengers carried by each bus were 75% of seating capacity. All buses ran on all days of the month. Each bus made
A
281250
B
187500
C
562500
D
None of the above
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The costing is applied when a quantity of similar and identical products are manufactured together as one Job.
A
Job
B
Batch
C
operation
D
output
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In GST, both Central and State Governments should have simultaneous power to levy GST on:
A
Intra-State Supplies Only
B
Interstate Supply Only
C
Import
D
Both Intra-State and Inter-State Supply
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cost accounting disclose.....
A
The Financial position
B
profit/loss of a product, job or service
C
effect and impact of cost on business
D
none of these
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Reinvestment risk of bonds is usually higher on
A
income bonds
B
callable bonds
C
premium bonds
D
default free bonds
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Comprehensive machine hour rate includes.....
A
machine operators wages
B
managing directors salary
C
income tax
D
office rent
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Between 2007-08 to 2012-13, the value of Card spending rose to Rs.1.97 Lakh Crores. A raise in Cards spending indicates?
A
Transformation to 'Cashless Economy'
B
Low inflation
C
Raising incomes
D
Falling prices
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In the calculation of elasticity, there is error in case of
A
Arc elasticity
B
Point elasticity
C
Both (a) and (b)
D
None
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..includes financial and cost accounting, tax planning and tax accounting.
A
Financial accounting
B
cost accounting
C
management accounting
D
none of these
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Match List I with List II and select correct answer using the codes given below: List I List II a. ABC Analysis I. Capital Structure b. Fund Flow Analysis II. Inventory Control c. ROI Ill. Working Capital Management d. M M Theory IV. Overall Profitabilit
A
a b c d II III IV I
B
a b c d I II IV III
C
a b c d IV III I II
D
a b c d I III II IV
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Vertical difference, which measures distance between estimated and actual cost for every single observation is classified as
A
residual term
B
positive term
C
negative term
D
squared term
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
New assets acquired for claiming exemption u/s 54, 54B or 54D, if transferred within 3 years, will result in
A
Short-term capital gain
B
Long-term capital gain
C
ST or LTCG depending upon original transfer
D
None of the above
There are 20 questions to complete.

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