Commerce online quiz 118

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Total Agricultural advances must be.... percent of Net Bank Credit (NBC) for domestic banks?
A
24
B
60
C
15
D
18
Question 2
In time wage system, wages are paid according to the.....
A
Production
B
time
C
Both (A) and (B)
D
none of these
Question 3
Variable cost in an organization
A
be fixed according to the rate of growth
B
changes with the volume of production
C
does not change with volume of production
D
remains constant
Question 4
Final sales is subtracted from net realizable value is used to calculate
A
separable costs
B
inseparable costs
C
joint costs
D
floating costs
Question 5
The budget that is prepared first of all is.....
A
Cash budget
B
master budget
C
budget for the key factor
D
sales budget
Question 6
Input Means:
A
Any Goods Excluding Capital Goods
B
Any Goods including Capital Goods
C
Capital Goods Only
D
Capital goods used for the furtherance of the Business
Question 7
Indexed bonds that are issued by linking payments to inflation are classified as
A
treasury inflation protected securities
B
premium protected securities
C
risk protected securities
D
liquidity protected securities
Question 8
The book in which all accounts are maintained is known as
A
Ledger
B
Cash book
C
Journal
D
Purchase book
Question 9
The solution for all business needs is.
A
EDI
B
ERP
C
SCM
D
None of the above
Question 10
Intimation to the Commissioner has to be given within.
A
1 month
B
60 days
C
90 days
D
45 days
Question 11
What is the proposed Permissible Normal Time Period to confirm the Outward Supply of Some One else as Inward Supply of a Recipient of Supply by viewing such statement of out ward supplies and ticking the same either manually or with the help of any third
A
From 11th to 15th of the Next Month
B
From 11th to 17th of the Next Month
C
From 11th to 20th of the Next Month
D
From 11th to 25th of the Next Month
Question 12
Market price method is considered to be the best method when.....
A
Quotations have to be sent
B
prices fluctuate
C
materials are subject to natural wastage
D
none of these
Question 13
Cash and equivalents, inventories and accounts receivables are classified as
A
assets on balance sheet
B
liabilities on balance sheet
C
earnings on income statement
D
payments on income statement
Question 14
Speculators who apply for shares in new companies and expect to sell them at a premium are called as.....
A
bear
B
bull
C
stag
D
lame duck
Question 15
.....is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
A
ABC Analysis
B
JIT Inventory System
C
VED Analysis
D
Perpetual Inventory System
Question 16
All of the following are types of data mining except.....
A
selective data mining
B
query-driven data mining
C
model-driven data mining
D
rule-based data mining
Question 17
Goods withdrawn by the proprietor for his personal use are
A
Shown as a deduction from the purchases
B
Shown as a deduction from the sales
C
Treated as sales at cost price
D
Added to the purchases
Question 18
In economics, what a consumer is ready to pay minus what he actually pays, is termed as
A
Consumer's equilibrium
B
Consumer's surplus
C
Consumer's expenditure
D
None of the above
Question 19
Average rate of return which is required by all investors of company is classified as
A
extrinsic cost of capital
B
weighted average cost of capital
C
mean cost of capital
D
standard cost of cash
Question 20
Under-----basis both cash and accrual basis are taken into account.
A
single entry
B
mixed
C
combined
D
cash
There are 20 questions to complete.

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