Commerce online quiz 129

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Preferred dividend is divided for required rate of return to calculate
A
value of number of shares
B
value of equity
C
value of preferred stock
D
value of common stock
Question 2
Who of the following would be liable, when they disclose information collected from information return/ statistics u/s 150 and 151 respectively? (i) Departmental officer-when information disclosed while executing duties (ii) Agent of GST portal-when
A
i, ii, iii & iv
B
i, ii & iv
C
iii & iv
D
None of the above
Question 3
The highest level of market efficiency is.....
A
weak form efficiency
B
semi-strong form efficiency
C
random walk efficiency
D
strong form efficiency
Question 4
Assertion (A): Analytical Review-is not the part of Company Statutory Audit. Reason (R): Analytical Review goes beyond true and fair presentation of the financial position.
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 a correct explanation of A
C
A is true but R is false
D
A is false but R is true
Question 5
What does 'Kite Flying' refers to in the banking terminology?
A
The practice of depositing and withdrawing frequently in a bank account.
B
Opening of multiple accounts with different names by any individual
C
Doing unauthorised business
D
Permitting drawls against uncleared cheques
Question 6
What is the sole purpose of giving Advance Rulings in the form of clarifications?
A
To avoid long drawn and expensive litigation
B
To Protect the state /Central Revenue
C
To protect the business interest of the Dealers
D
Any of the Above
Question 7
period cost, which consists income statement of manufacturing companies belongs to
A
inventory costs
B
product costs
C
non-manufacturing costs
D
manufacturing costs
Question 8
Cost of capital is helpful in corporative analysis of various
A
Source of Finance
B
Source of Services
C
Source of material
D
Product
Question 9
Which of the following is NOT an input?
A
Labour
B
Entrepreneurship
C
Natural resources
D
Production
Question 10
Cookies are used to do which of the following?
A
Store your ID and password for subsequent logons to the site
B
Store contents of electronic shopping carts
C
To track web activity
D
All of the above and more
Question 11
The budget that is prepared first of all is..
A
Cash budget
B
master budget
C
budget for the key factor
D
sales budget
Question 12
----deals with depreciation account.
A
AS 3
B
AS 4
C
AS5
D
AS6
Question 13
Material control aims at achieving effective
A
Material management
B
quality control
C
accounting of material
D
material supply
Question 14
Which is the authority in India for effecting changes in the cash reserve ratio and statutory liquidity ratio?
A
Government of India
B
RBI
C
Indian banks Association
D
CRR and SLR association
Question 15
In accounting credit means
A
an entry on the right hand side of an account
B
increase in asset
C
decrease in liability
D
none of these.
Question 16
Average revenue is calculated by
A
TRn-TRn-1
B
P x Q
C
TR / MR
D
TR / Q
Question 17
Imperfect competition was introduced by
A
Marshall
B
Chamberlin
C
Keynes
D
None
Question 18
The available capital funds are to be carefully allocated among competing projects by careful prioritization. This is called.....
A
capital positioning
B
capital structuring
C
capital rationing
D
capital budgeting
Question 19
Is every supplier on e-commerce platform covered under Section 52 required to charge GST from Re. 1?
A
Yes since he is the registered taxable person.
B
No since he is the registered taxable person
C
Partially true
D
None of the above
Question 20
Articles of Association of a company can be altered by-
A
An ordinary resolution
B
A resolution with a special notice
C
A special resolution
D
None of the above
There are 20 questions to complete.

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