Commerce online quiz 122

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The price to book value ratio tends to be close for.....
A
high-tech companies
B
banks
C
utilities
D
service companies
Question 2
Which method does not consider the time value of money
A
Net present value
B
Internal Rate of Return
C
Average rate of return
D
Profitability Index
Question 3
If the opening inventory of a business is undercast, it will
A
Increase gross profit and decrease net profit
B
Decrease gross profit as well as net profit
C
Increase value of assets
D
Increase gross profit as well as net profit
Question 4
Which of the following financial statements show the financial health of an organisation at a stated point of time?
A
Balance sheet
B
Trading and Profit & Loss account
C
Cash flow statement
D
Statement of retained earnings
Question 5
A credit note is issued by..... and it is a document accepted for GST purposes:
A
Recipient, for reducing the tax/ taxable value;
B
Supplier, for reducing the tax/ taxable value;
C
Supplier, for increasing the tax/ taxable value;
D
Recipient, for increasing the tax/ taxable value.
Question 6
In capital budgeting, number of non-normal cash flows have internal rate of returns are
A
one
B
multiple
C
accepted
D
non-accepted
Question 7
Government spending, if it exceeds federal government tax revenues then it is classified as
A
Federal Reserve
B
federal budget
C
budget surplus
D
budget deficit
Question 8
Works cost is a total of
A
Indirect material, Indirect labour
B
Direct material, direct labour, direct or chargeable expenses and works expenses
C
Direct material, direct labour
D
Indirect material, Indirect labour, Indirect expenses
Question 9
Which of the following input factor takes risk, innovates and coordinates
A
Capital
B
Labour
C
Productivity
D
Entrepreneur
Question 10
If a taxable person is arrested for a cognizable offence(Non-bail able Offence), he should be produced before a magistrate within:
A
24 hours
B
48 hours
C
At any working days at the option of the proper officer
D
No such need in the case of a tax evasion case
Question 11
Initiation of action under this section is by a Proper Officer not below the rank of.....
A
Superintendent
B
Joint Commissioner
C
Inspector
D
Commissioner
Question 12
If stock has a great risk related to it than a required return is
A
higher
B
lower
C
zero
D
all of above
Question 13
According to Marshall, the basis of consumer surplus is
A
Law of diminishing MU
B
Law of Equi-MU
C
Law of proportions
D
All of the above
Question 14
Which one is communication channel threat?
A
Sniffer programs
B
Cyber vandalism
C
Integrity threats
D
All of the above
Question 15
In time wage system, wages are paid according to the.
A
Production
B
time
C
both a & b
D
none of these
Question 16
The presence of.......make the smart card smart.
A
Memory
B
Microchip
C
E-cash
D
None of the above
Question 17
Assertion (A). In 1991 only 4 industries are reserved for public sector. Reason (R). Industrial Policy 1991 define MRTP firm as companies with turn over of Rs. 20 crore.
A
Both (A) and (R) are true and (R) is the correct explanation of (A).
B
Both (A) and (R) are true but (R) is not the correct explanation of (A).
C
(A) is true but (R) is false.
D
(A) is false but (R) is true.
Question 18
The term, 'imprest system' is used in relation to?
A
Purchases Book
B
Sales Book
C
Cash Book
D
Petty Cash Book
Question 19
Special situation in which large projects are financed by with and securities claims on project's cash flow is classified as
A
claimed securities
B
project financing
C
stock financing
D
interest cost
Question 20
An act of making sure, that all employees must understand goals is classified as
A
coordination
B
communication
C
annual profit plan
D
budgeting
There are 20 questions to complete.

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