# Commerce online quiz 12

By | August 21, 2018

## 10000 MCQ /questions on commerce questions answers

 Question 1
 A semi-variable B variable C fixed D none of these.
 Question 2
Fifth step in process costing system is to
 A allocate separable costs B allocate joint costs C compute gross margin D assign total cost to completed units
 Question 3
Term which describes assigning of indirect cost to any cost abject is classified as
 A cost allocation B sales tracing C sales allocation D cost tracing
 Question 4
If difference between costs linked to highest and lowest observation of cost driver is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be  A$16, 000 B $200 C$400 D \$20, 000
 Question 5
Classification of the students of a college in two categories 'rural' and 'urban' is?
 A Qualitative B Quantitative C Geographical D None of these
 Question 6
Amalgamation of firms takes place to
1. Avoid competition
3. Gain monopoly in the market
4. Have more capital and skill
5. To secure internal and external economie
 A 1, 3, 4 and 5 B 2, 3, 4 and 5 C 1, 2, and 3 D 1, 2, 3, 4 and 5
 Question 7
Mr. X a resident from Pune conducts training for employees of P Ltd. being a registered person under GST based out in Chennai at a resort in Darjeeling. The place of supply in this case is
 A Chennai B Pune C Darjeeling D None of the above
 Question 8
Match List I with List II and select correct answer using the codes given below the lists List I List II a. Current Ratio I. Sufficiency of EBIT to cover interest charges b. Debt-Equity Ratio II. Short-term solvency c. Net Profit Margin Ratio III. Exposu
 A a b c d II III I IV B a b c d III II I IV C a b c d III II IV I D a b c d II III IV I
 Question 9
The first directors of a company are appointed by-
 A Promoters B Government C Shareholders D Company Law Board
 Question 10
Which of the following is/are correct regarding banking in India?
1. Capital Adequacy Ratio is determined by RBI
2. RBI determines the savings rate of Interest
3. RBI imposes fine at bank rate on banks if they do no
 A Only 1 B Only 2 C Only 3 D 2, 3
 Question 11
Linear programming models solve problems dealing with
 A relatives and absolutes B routes and mixes C dispersions and similarities D rupees and percentages
 Question 12
Non-financial and financial aspects of plan by company management, is classified as
 A complexity B process C budget D batching
 Question 13
The decision of the GST Council should be taken based on majority votes not less than:
 A 1/2 of the weighted votes B 2/3 rd of the weighted votes C 1/3 rd of the weighted votes D 3/4th of the Weighted Votes
 Question 14
Process in which stockholders transfer right to vote to any other person is classified as
 A proxy B transfer process C voting process D assigning right process
 Question 15
Under..... market condition, firms make normal profits in the long run.
 A Perfect competition B Monopoly C Oligopoly D None of the above
 Question 16
Sales and purchase journal doesn't record
 A Credit sales B Credit purchases C Credit sales and purchases D Cash sales and purchases
 Question 17
Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within.....
 A 30 Days B 60 Days C 75 Days D 90 Days
 Question 18
If two goods were perfect substitutes of each other, it necessarily follows that
 A An indifference curve relating the two goods will be curvilinear B An indifference curve relating the two goods will be linear C An indifference curve relating the two goods will be divided into two segments which meet at a right angle D An indifference curve relating the two goods will be convex to the origin
 Question 19
The World Bank Group is made up of how many organisations?
 A 3 B 5 C 8 D 10
 Question 20
On the Job Training Methods is based on
 A Demonstration Method B Apprenticeship Training Method C Informal Training D All of the above
There are 20 questions to complete.