Commerce online quiz 127

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।)
Which among the following is not admissible as Opening CGST?
A
Krishi Kalyan Cess
B
Education Cess
C
Service Tax
D
Swachh Bharat Cess
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Professor Knight is famous for his theory of
A
Rent
B
Profit
C
Population
D
Wages
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Costs of goods acquired from suppliers is classified as
A
stock-out costs
B
ordering costs
C
carrying costs
D
purchasing costs
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
limited partners in partnership business have
A
no control
B
whole control
C
corporate authority
D
general authority
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The AR curve and industry demand curve are same in case of
A
Monopoly
B
Oligopoly
C
Perfect competition
D
None of the above
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following item will be shown on debit side of debtors account?
A
Discount received
B
Return inwards
C
Discount allowed
D
Credit sales
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Risk on a stock portfolio which can be reduced by placing it in diversified portfolio is classified as
A
stock risk
B
portfolio risk
C
diversifiable risk
D
market risk
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as
A
quantitative analysis method
B
qualitative analysis method
C
account analysis method
D
conference analysis method
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Payment if it is divided with interest rate will be formula of
A
future value of perpetuity
B
present value of perpetuity
C
due perpetuity
D
deferred perpetuity
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Asset allocation affects the investor's return by.....
A
altering the returns on individual assets
B
weighting the portfolio return by the allocation
C
assuring diversification
D
increasing the investor's use of mutual funds
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Consider the following statements:
  1. It is mandatory for all business enterprises to conduct audit of accounts.
  2. Audit Note Book is a tool in the conduct of audit.
  3. Internal check system is an inbuilt mechanism
A
l only
B
2 and 3
C
3 only
D
1, 2 and 3
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
X Ltd. forfeited 20 shares of Rs. 10 each on which Rs. 6 per share were paid. If out of these shares, 8 shares were reissued to Ram as fully paid up on payment of Rs. 5.50 per share, the amount that will remain standing to the credit of Share Forfeited A
A
Rs. 48
B
Rs. 72
C
Rs. 84
D
Rs. 120
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What will be the volume of compulsory penalty for the offences listed u/s.66(1) of the MGST Act, 2016 will be:
A
Rs.10, 000/-
B
Amount equivalent to the tax amount involved in the offence
C
Highest of the above a) or b)
D
No Penalty at all
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If the dispersion around a security's return is larger.....
A
the expected return is smaller
B
the standard deviation is smaller
C
the stock's price is higher
D
the security's risk is higher
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is Central Organization of Workers?
A
United Trade Union Congress
B
Trade Union Co-ordination Centre
C
Indian National Trade Union Congress
D
All of the above
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
For the balance kept in the margin account for futures
A
Interest is paid at riskless rate.
B
Interest is paid at LIBOR rate
C
Interest is paid for the surplus over the required minimum.
D
No interest is paid.
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following Accounting standards is recommendatory and not mandatory?
A
AS-1-Disclosure of accounting policies
B
AS-2 (Revised)-Valuation of inventories
C
AS-3-Cash Flow Statement
D
AS-4-Contingencies and Events occurring after the Balance Sheet date
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..determines the priorities of functional budget.
A
Principal Budget Factor
B
Limiting Factor
C
both a & b
D
none of the above.
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What will be consequences when tax payable under final order passed under subsection (3) is more than tax paid based on provisional assessment?
A
Only Differential tax payable has to be paid on determination of final assessment.
B
Differential tax payable has to be paid on determination of final assessment along with interest specified under Section 50.
C
Differential tax payable has to be paid on determination of final assessment along with interest specified under Section 50 and penalty of Rs. 20, 000.
D
Differential tax payable has to be paid on determination of final assessment along with penalty of Rs. 20, 000.
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If the ATM hardware as well as lease is under the ownership of the service provider, while connectivity and cash handling and management is the responsibility of the sponsor bank, that ATM is called?
A
Orange ATM
B
Black ATM
C
Blue ATM
D
Brown ATM
There are 20 questions to complete.

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