Commerce online quiz 119

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then annual relevant carrying cost will be
A
$5, 000
B
$4, 500
C
$5, 500
D
$6, 000
Question 2
The human effort applied to the production of goods is called in economics
A
Labour
B
Skill
C
Experience
D
Service
Question 3
Element of promotion mix
  1. Personal selling
  2. Sales promotion
  3. Public relations
  4. Direct mail
  5. Trade fairs and exhibitions
  6. Advertising
A
i, ii, iii and iv
B
ii, i, iv and v
C
iii, iv, v and vi
D
All of the above
Question 4
.....expenses are partly fixed and partly variable.
A
All expenses
B
variable
C
fixed
D
semi-variable
Question 5
What is the rate applicable under CGST to a registered person being a hotelier opting to pay taxes under composition scheme?
A
1%
B
0.50%
C
2.5%
D
None of the above
Question 6
Paperless office calls for-
A
Minimum record keeping
B
Maximum use of telephone
C
Maximum use of computers
D
Elimination of reporting
Question 7
General Insurance Corporation of India was set up in-
A
1956
B
1972
C
1980
D
2000
Question 8
Which one of the following is a retail banking product?
A
Home Loans
B
Working capital finance
C
Corporate Term loans
D
All the above
Question 9
Which can be a method of privatisation? i. Disinvestment ii. Denationalisation iii. Purchasing Share iv. Takeover v. Merger
A
(i) and (ii)
B
(i), (ii) and (iii)
C
(ii), (iv) and (v)
D
All of the above
Question 10
The maximum rate prescribed under IGST now is.....
A
5%
B
12%
C
18%
D
28% E. No such limit
Question 11
What will be the composition of AAR for each states?
A
One Member from CGST and One Member from SGST
B
2 Members from CGST and One Member from SGST
C
2 Members from CGST and 2 Members from SGST
D
3 Members from CGST and 2 Members from SGST
Question 12
'What is cross rate?
A
A rate of exchange derived from Central Bank
B
A rate of exchange between two currencies, other than those that form a market's principal rates
C
A rate of exchange derived from the quotations for buying currencies
D
A rate of exchange quoted by a dealer in foreign exchange for selling currencies
Question 13
Stage of PLC
  1. Introduction
  2. Growth
  3. Accessible
  4. Maturity
  5. Decline
  6. Attitude
A
i, ii, iii and iv
B
ii, iii, iv and v
C
i, ii, iv and v
D
All of the above
Question 14
If NM shipping Co. located in Chennai charges ocean freight charges for transport of goods to California for a customer located in Bangalore, the place of supply of service will be
A
Chennai
B
California
C
Bangalore
D
Delhi
Question 15
Stock Adjustment Account is debited with.....and credited with.....
A
Surplus, shortage of stock
B
shortage of stock, surplus
C
excess, loss
D
none of these
Question 16
Macro marketing environment include
  1. Culture
  2. Politics
  3. Economy
  4. Society
  5. Technology
A
i, ii, iii and iv
B
ii, iii, iv and v
C
iii, iv, v and vi
D
All of the above
Question 17
In Kaizen budgeting, costs are based on all improvements which is
A
to be implemented
B
based on current practice
C
based on past prices
D
based on sold quantity
Question 18
The Memorandum of Association shall be signed by each:
A
director
B
shareholder
C
subscriber
D
promoter and director
Question 19
Which of the following represents the rate at which a company can grow from internal sources?
A
return on assets
B
sustainable growth rate
C
adjusted EPS
D
return on equity
Question 20
If the refund claim is fully or partially rejected the amount would.....
A
lapse
B
be carried forward
C
be refunded
D
none of the above
There are 20 questions to complete.

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