Commerce online quiz 114

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
What is the condition for a bank to be called a "Scheduled Bank"?
A
Its business has to be crossed Rs. 1000 Cr mark
B
Its branch network should be over 100
C
It should be included in the second schedule of the RBI act
D
It should comply with all the above conditions
Question 2
All the existing Registered Dealers under existing laws will be automatically migrated in to GST on provisional basis except:
A
Local VAT Dealer
B
Dealer having both VAT and CST
C
Manufacturing Units remitting Cenvat
D
ISD
Question 3
The type of website that is designed to build customer goodwill and to supplement other sales channels rather then sell the company's products directly is known as a..... website.
A
marketing
B
click-and-mortar
C
customer service
D
corporate
Question 4
A meeting of the shareholders held only once during the life time of the company is known as-
A
Meeting of the Directors
B
Meeting of the Creditors
C
Extraordinary General Meeting
D
Statutory Meeting
Question 5
Variance used by managers to check whether company has performed well and properly implemented strategies is considered as
A
strategic implementation
B
proper implementation
C
performance evaluation
D
well evaluated
Question 6
Information Gatekeepers come under..... sources.
A
Documentary
B
Human
C
Institutional
D
Neo-conventional
Question 7
.....represents a note sent to the supplier for the value of goods returned by the business.
A
debit note
B
credit note
C
goods returned note
D
none of these
Question 8
provides information for income determination.
A
Financial accounting
B
cost accounting
C
management accounting
D
none of these
Question 9
Which one of the following is NOT related to the convention of conservatism?
A
Making provision for doubtful debts and discount on debtors in anticipation of actual bad debts and discount
B
Valuation of stock at Market Price or Cost Price whichever is higher.
C
Charging of small capital items as Revenue
D
Adopting Written-down Value Method of depreciation as against Straight-line Method
Question 10
Required return is 11% and premium for risk is 8% then risk free return will be
A
3.00%
B
19.00%
C
0.72%
D
1.38%
Question 11
Who among the following is the head of the committee formed by SEBI to frame a single set of guidelines for all types of foreign investors?
A
Prabhat Kumar
B
T.R. Prasad
C
K.M. Chandrashekhar
D
Kamal Pande
Question 12
If the present cost of the car is Rs.1, 00, 000 residual value at the end of the 5th year is Rs.20, 000, the monthly depreciation is
A
Rs.20, 000
B
Rs.16, 000
C
Rs.1, 333
D
Rs.17, 333
Question 13
In the case of a Giffen good, the demand curve will be
A
Horizontal
B
Downward to the right
C
Upward to the right
D
Vertical
Question 14
Chunk sampling is known as
A
Quota sampling
B
Convenience sampling
C
Judgement sampling
D
Cluster sampling
Question 15
Who launched an 'India Micro-finance Platform', a portal on micro-finance activities across the country, with the assistance of World bank funds on 28th June 2013?
A
SBI
B
ICICI
C
SIDBI
D
Exim Bank
Question 16
Whlch of the following is true with respect to planning function?
A
To make a blue print of ideas and work
B
To tell the work allocation to all
C
Monitoring whether the things allocated are done properly
D
None of the above
Question 17
In order to encourage investment in the country, the RBI may
A
Reduce CRR
B
Increase CRR
C
Sell Securities in the open market
D
Increase Bank Rate
Question 18
Owners of corporation having certain rights and privileges are considered as
A
special stockholders
B
common stockholders
C
public stocks
D
enactive stocks
Question 19
The law of variable proportions come into being when
A
There are only two variable factors
B
There is a fixed factor and a variable factor
C
All factors are variable
D
Variable factors yield less
Question 20
In case of short term production credit to farmers up to Rs 3 lac, what is the rate of interest subvention for 2014-15?
A
1.50%
B
2.50%
C
2%
D
3%
There are 20 questions to complete.

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