Commerce online quiz 121

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
If demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then economic order quantity will be
A
678 packages
B
648 packages
C
658 packages
D
668 packages
Question 2
Gross margin percentage in constant gross-margin percentage NRV method is based on
A
total labour costs
B
total production
C
total revenues
D
total costs
Question 3
Which of the following oligopoly models is concerned with the maximization of joint profits?
A
Price leadership model
B
Bertrand's model
C
Collusive model
D
Edgeworth's model
Question 4
Industries are engaged in extracting and supplying products from earth, air and water.....
A
Extractive Industries
B
Manufacturing Industries
C
Genetic Industries
D
Assembly Industries
Question 5
Malicious hackers who act with the intention of causing harm are.....
A
White hats
B
Black hats
C
Grey hats
D
Brown hats
Question 6
Product which requires large amount of resources, but incur low per unit cost is classified as
A
product under costing
B
product over costing
C
expected under cost
D
expected over cost
Question 7
The dominant Web server software is.....
A
Zeus
B
Apache
C
Microsoft IIS
D
Google
Question 8
The supply of a commodity refers to
A
Actual production of the commodity
B
Total existing stock of the commodity
C
Stock available for sale
D
Amount of the commodity offered for sale at a particular price per unit of time
Question 9
Cost Unit is defined as:
A
Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed
B
A location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control
C
Centres having the responsibility of generating and maximising profits
D
Centres concerned with earning an adequate return on investment
Question 10
As per Industrial Policy resolution 1956, reserved industries for public sector are
A
12
B
14
C
16
D
17
Question 11
Which amount will be carried forward as CGST under GST law (Assuming applicability of GST from 1st July, 2017)?
A
Input tax credit as per the CENVAT Credit Register on 30th June, 2017
B
Input tax credit as per the books as on 30th June, 2017
C
Input tax credit as per the return furnished for the period ending 30th June, 2017
D
Input tax credit as per the last available return furnished under the earlier law
Question 12
The receipt voucher must contain:
A
Details of goods or services;
B
Invoice reference;
C
Full value of supply;
D
None of the above
Question 13
The spot exchange rate.....
A
is the rate today for exchanging one currency for another for immediate delivery
B
is the rate today for exchanging one currency for another at a specific future date
C
is the rate today for exchanging one currency for another at a specific location on a specific future date
D
is the rate today for exchanging one currency for another at a specific location for immediate delivery
Question 14
Cash flows that should be considered for decision in hand are classified as
A
relevant cash flows
B
irrelevant cash flows
C
marginal cash flows
D
transaction cash flows
Question 15
Efficiency Ratio=
A
Number of actual working days in a period x 100 Number of working days in the budget period
B
Actual hours worked x 100 Budgeted hours
C
Standard hours for actual production x 100 Actual hours worked
D
Standard hours for actual production x 100 Budgeted standard hours
Question 16
In option pricing, an increasing in option price due to
A
time of expiry increases
B
time of expiry decreases
C
exchange time increases
D
exchange time decreases
Question 17
When the actual overhead is less than the absorbed overhead it is.....
A
over absorption
B
under absorption
C
equal absorption
D
major absorption
Question 18
The expenses that have fallen due for payment but not paid are
A
Outstanding expenses
B
Deffered expenses
C
Accrues expenses
D
Prepaid expenses
Question 19
Budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to
A
budget production
B
planned production
C
setup production
D
stand by production
Question 20
A brief explanation recorded below every entry in General Journal is commonly known as
A
Narration
B
Explanation
C
Summary
D
Other Information
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *