Commerce online quiz 120

By | August 21, 2018

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10000 MCQ /questions on commerce questions answers

Question 1 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
For an increase in the tax/ taxable value, a debit note for GST purposes:
A
Should be issued by the supplier;
B
Should be issued by the recipient;
C
May be issued by the supplier;
D
May be issued by the recipient.
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
To avail credit of tax on inputs held in stock by a dealer who was exempted from payment of tax as per earlier law, the said inputs should be used or intended to be used for making,
A
Taxable supplies under GST
B
Exempt supplies
C
Either taxable or exempt supplies
D
Both taxable and exempt supplies
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In the debt equity ratio, external equity refers to
A
Only Debentures
B
Only current liabilities
C
Debentures and current liability
D
Reserves
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The name of the State of recipient along with State code is required on the invoice where:
A
Supplies are made to unregistered persons;
B
Supplies are made to unregistered persons where the value of supply is Rs.50, 000 or more;
C
Inter-state supplies are made to unregistered persons where the value of supply is Rs.50, 000 or more;
D
Supplies are made to registered persons.
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Paid up value is payable on a life insurance policy:
A
on. the maturity of the policy
B
when the policy lapses
C
when the policy is surrendered
D
on maturity or expiry whichever is earlier
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Sum of market risk and diversifiable risk are classified as total risk which is equivalent to
A
Sharpe's alpha
B
standard alphas
C
alpha's variance
D
variance
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Errors are..... mistakes
A
Intentional
B
Undetected
C
Unintentional
D
None of the above
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Second step in calculating value of stock with non-constant growth rate is to find out an
A
expected intrinsic stock
B
extrinsic stock
C
expected price of stock
D
intrinsic stock
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Legal document in which rights of issuing corporation and bondholder's state is classified as
A
legal rights classification
B
indenture
C
ownership statement
D
guarantee statement
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as:
A
Master budget
B
Zero base budget
C
(Functional budget
D
Flexible budget
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
How will the refunds occurring due to any proceedings under the earlier law relating to CENVAT Credit is treated under GST?
A
Such refund will be made in cash
B
Such refund will be allowed as input tax credit
C
Either a or b at the option of the taxable person
D
Either a or b at the option of the Department
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Every business transaction affects at least..... accounts
A
One
B
Two
C
Three
D
Infinite
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Bonds that have high liquidity premium are usually have
A
inflated trading
B
default free trading
C
less frequently traded
D
frequently traded
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following statement is not correct in relation to cash discount?
A
Cash discount is an allowance made by the person who receives cash to the payer for prompt payment
B
Cash discount is an allowance in addition to the trade discount
C
Cash discount is recorded in account books
D
Cash discount is always allowed at a rate higher than the rate of trade discount
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Coupon payment of bond which is fixed at time of issuance
A
remains same
B
becomes stable
C
becomes change
D
becomes low
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The Tax Liability of the Central Government, State Government and Local Authorities will be in respect of the activities or transactions in the status of a:
A
Welfare Authority
B
Public Authorities
C
General Administration
D
All of the above
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which is the Part of Planning and Development?
A
Training
B
Human resource Development
C
Organisational Planning
D
All of the above
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A regulatory body which licenses brokers and oversees traders is classified as
A
international firm of auction system
B
international association of network dealers
C
national firm of equity dealers
D
national association of securities dealers
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A formula such as net income available to common stockholders divided by common equity is used to calculate
A
return on earning power
B
return on investment
C
return on common equity
D
return on interest
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Focus on budget cost of all activities necessary to sell and produce market offerings is known as
A
cost based budgeting
B
activity based budgeting
C
production based budgeting
D
raw material budgeting
There are 20 questions to complete.

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