Commerce online quiz 110

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Identify the asset from the following
A
Cash and cash equivalent
B
Creditors
C
Notes payable
D
Bank loan
Question 2
Entries in the journal are made with the help of
A
Cash book
B
Ledger
C
Memorandum book
D
None of these
Question 3
..is a post mortem of past costs.
A
Financial accounting
B
cost accounting
C
both a & b
D
none of these
Question 4
In capital asset pricing model, investors assume that buying and selling activity will
A
affect stock prices
B
not affect stock prices
C
have high taxes
D
high transaction cost
Question 5
The P/v ratio of a company is 50% and margin of safety is 40%. If present sales is Rs 30, 00, 000 then Break Even Point in Rs will be
A
Rs 9, 00, 000
B
Rs 18, 00, 000
C
Rs 5, 00, 000
D
None of the above
Question 6
Identify the nominal account
A
Machinery account
B
Building account
C
Creditors account
D
Rent expenses account
Question 7
If beginning work in process inventory units are 2600, units started are 9000, ending work in process units are 2300 and completed good units are 8000 then total spoilage will be
A
1200 units
B
990 units
C
1100 units
D
1000 units
Question 8
Trust card is introduced by.
A
BSNL and itzcash
B
BSNL and oxicash
C
BSNL only
D
None
Question 9
A, B and C are partners sharing profit & loss in 2: 2: 1 ratio. C dies on 31.3.2008. Profit for the year 2007-08 (ending 31st March, 2008) is Rs. 64, 000. The share of C in those profits is-
A
Rs. 9, 600
B
Rs. 8, 200
C
Rs. 12, 800
D
Rs. 5, 800
Question 10
The beneficiaries of Micro finance business are.....
A
Land Less labour
B
Marginal farmers
C
Vendors in the small markets
D
All the above
Question 11
Which is not a form of Internet Marketing?
A
On-line marketing
B
Internet advertising
C
e-Marketing
D
Product Mix and Branding
Question 12
XYZ Ltd. issued 10, 000 shares of Rs. 100 each at Rs. 120 per share with Rs. 25 on application, Rs. 45 on allotment including premium, Rs. 20 on first call and Rs. 30 on final call. Govind who held 200 shares did not pay any call money and his shares were
A
Rs. 14, 000
B
Rs. 10, 000
C
Rs. 9, 000
D
Rs. 4, 000
Question 13
In the calculation of depreciation, all of the following items are actually estimates except:
A
Useful life
B
Residual value
C
Historical cost
D
Salvage value
Question 14
Can IGST amount apportioned to a State, if subsequently found refundable to any person and refunded to such person, be reduced from the amount apportioned to such state?
A
Yes
B
No
C
Partially
D
None of the above
Question 15
The time limit of six months or the extended period shall be counted from?
A
Appointed date
B
Date of removal of inputs to job worker
C
Date of receipt of inputs by job worker
D
None of the above
Question 16
What types of refund are directly given instead of crediting in to the Consumer welfare fund? i. Refund on Export ii. Unutilised portion of ITC iii. Tax or any other amount paid without passing to some one else. iv. Tax born by notified class of taxable
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
i, ii, iii & iv
Question 17
A private company should have at least.....
A
2 members
B
7 members
C
10 members
D
50 members
Question 18
Money spent to acquire or upgrade physical assets is known as
A
Revenue expense
B
Capital expense
C
Administrative expense
D
Operating expense
Question 19
BCSBI is set up on the recommendation of which committee
A
S5. Tarapore Committee
B
Dr. C. Rangarajan Committee
C
Vijay Kelkar Committee
D
Montek Singh Ahluwaila Committee
Question 20
Marketable securities are primarily.....
A
short-term debt instruments
B
short-term equity securities
C
long-term debt instruments
D
long-term equity securities
There are 20 questions to complete.

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