Commerce online quiz 13

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।)
On 31st December, 2007 the assets and liabilities of a firm were Rs. 40, 000 and Rs. 30, 000 respectively. The firm was dissolved and a sum of 60 paise per rupee was paid to the creditors. Loss on realization was?
A
Rs. 10, 000
B
Rs, 12, 000
C
Rs. 18, 000
D
Rs. 22, 000
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What is the consequence if information is not filed in the form and manner as required by the Central Government? (i) Return will be treated as defective (ii) Defect has to be rectified within 30 days (iii) Return treated as not filed (iv) Refile the ret
A
i & ii
B
iii & iv
C
i & iv
D
i, ii & iv
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Significant feature of Kaizen Budgeting is
A
employee suggestion
B
customer suggestion
C
cost suggestion
D
price suggestion
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
'Profit objective' is of least priority in case of-
A
Private enterprise
B
Public enterprise
C
Department undertaking
D
Cooperative society
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A.....balance in the suspense account will appear on the asset side of the balance sheet.
A
debit
B
credit
C
cost
D
none of these
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..... is raised in capital markets.
A
Funds through long term securities
B
Long term loans through Govt. securities
C
Medium term loans
D
Short-term instruments
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A formula such as an original investment plus an expected capital gain is used to calculate
A
final stock
B
expected stock
C
expected final stock price
D
final stock price
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Standard costing is more widely applied in.....industries.
A
Process and engineering
B
jobbing industries
C
construction industry
D
all of these
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If deposited money Rs 10, 000 in bank pays interest 10% annually, an amount after five years will be
A
Rs 16, 105.14
B
Rs 16, 110.14
C
Rs 16, 115.14
D
Rs 16, 505.14
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In common size Balance Sheet analysis we evaluate-
A
Increase or decrease over two years is analysed
B
Only increase over two years is analysed
C
Only decrease over two years is analysed
D
All assets and liabilities are expressed in terms of percentage of total
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which one of the following has replaced the Budla System in India?
A
Rolling settlement
B
Trading in equity derivatives
C
Depository system
D
Online trading
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Suppose taxable identifiable goods under earlier law dispatched within 6 months prior to the appointed day (i.e.01-04-2017) are returned back after 6 months from the appointed day. How such return supply will be treated under GST?
A
It will be Subject to tax at the appropriate rate of GST
B
No GST
C
At the half rate of the GST
D
Only SGST is charged
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Modern Marketing includes
A
Digital Marketing
B
Social Marketing
C
Green Marketing
D
All of the above
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Profits are
A
Residual payment
B
Pre-determined
C
Fixed contract
D
Always higher than wages
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
113: According to which of the following concepts, fixed assets are depreciated over their useful life rather than over a shorter period on the expectation of early liquidation?
A
Cost concept
B
Matching concept
C
Going concern concept
D
Business entity concept
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Place of supply of goods where the supply doesn't involve movement of goods.....?
A
Location of the goods at the time of purchase order
B
Location of the goods at the time of delivery to the recipient
C
Location of the supplier
D
Location of the recipient
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Term structure premium, an inflation of bond and bond default premium are included in
A
risk factors
B
premium factors
C
bond buying factors
D
multi model
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The Dealers who are not eligible for any Threshold Limit in the minimum Registrable Turnover?
A
Casual Dealers and Non-Resident Taxable Persons
B
Input Service Distributors and Dealers making supply through Electronic Commerce Operator
C
Dealers making interstate Supplies and those having Reverse tax Liability
D
All of the Above
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Deficiency of capital, excessive dependency on agriculture and inequalities of income and wealth are some of the important features of a-
A
Capitalistic economy
B
Socialistic economy
C
Developing economy
D
Developed economy
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Indirect rate in foreign exchange means
A
The rate quoted with the units of home currency kept fixed.
B
The rate quoted with units of foreign currency kept fixed.
C
The rate quoted in terms of a third currency. D. None of the above.
D
None of the above
There are 20 questions to complete.

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