Commerce online quiz 131

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
If any dealer fails to give satisfactory explanation to a SCN on a return scrutiny, it will result in to:
A
Departmental Audit or Special Audit
B
Adjudicating proceedings
C
Inspection, Search/Seizure
D
Any of the Above
Question 2
In case of ISD whether distributor and recipient should have same PAN
A
Yes
B
No
C
Yes if in same state and different in other state
D
None of the above
Question 3
For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be.....
A
40
B
37.50
C
35
D
none of these
Question 4
The probability of bankrupt is higher.
A
for a levered firm than an unlevered firm
B
for an unlevered firm than a levered firm
C
only levered firm
D
only unlevered firm
Question 5
Which facility was established to provide assistance to members facing payments difficulties that are large in relation to their economies and their fund quotas?
A
Supplementary Financing Facility (SFF)
B
Compensatory and Contingency Financing Facility (CCFF)
C
Extended Fund Facility (EFF)
D
Bufferstock Financing Facility (BFF)
Question 6
Which of the following is not related to overall market variability?
A
Financial risk
B
Interest rate risk
C
Purchasing power risk
D
Market risk
Question 7
An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate
A
profit variance
B
investment variance
C
cost variance
D
selling price variance
Question 8
The market price of a share of common stock is determined by.....
A
the board of directors of the firm
B
the stock exchange on which the stock is listed
C
the president of the company
D
individuals buying and selling the stock
Question 9
The major difference between perfect competition and monopolistic competition is
A
Number of firms
B
Differentiated product
C
Rate of profit
D
Free exit and entry
Question 10
For the purpose of inquiry under the MRTP Act, the commission has the power equivalent to
A
Civil court
B
consumer court
C
High court
D
None of these
Question 11
Insufficient working capital results in.....
A
Block of cash
B
Loosing interests
C
Lack of production
D
Lack of smooth flow of production
Question 12
Which of the following requires amendment in the registration certificate?
A
Change of name of the registered person
B
Change in constitution of the registered person
C
Switching over form composition scheme to normal scheme or vice versa.
D
All of the above
Question 13
Arrange the following steps involved in capital budgeting in order of their occurrence
  1. Project Selection
  2. Project appraisal
  3. Project generation
  4. Follow up
  5. Project execution
A
(ii), (iii), (i), (v), (iv)
B
(iii), (ii), (i), (v), (iv)
C
(i), (iii), (ii), (v), (iv)
D
(i), (ii), (iii), (v), (iv)
Question 14
Which among the following committee is working on the revision of the Whole sale Price Index?
A
Saumitra Chaudhuri committee
B
Mihir Shah committee
C
Narendra Jadhav committee
D
Syeda Hameed committee
Question 15
The return on capital employed shows the combined effect of-
A
net profit ratio and inventory turnover ratio
B
operating ratio and net profit ratio
C
net profit ratio and capital turnover ratio
D
gross profit ratio and capital turnover ratio
Question 16
False and mishandling claims vulgarity in advertisement do not match with
A
Aggressive advertising
B
Ethics in advertising
C
Mass level of advertising
D
Sales promotion
Question 17
The net profit ratio is the ratio of net profit to
A
Net cash sales
B
Net credit sales
C
Net total sales
D
Capital employed
Question 18
The applicant is not required to furnish documentary evidence if the amount of refund claimed is less than:-
A
Rs 6 lacs
B
Rs 2 lac
C
Rs 10 lac
D
Rs 20 lac
Question 19
..... is equal to (common shareholders' equity/common shares outstanding).
A
book value per share
B
liquidation value per share
C
market value per share
D
Tobin's Q
Question 20
Suppose, One existing dealer who has been issued Provisional Registration Certificate is not liable for registration under GST due to the below registrable limit or items not liable to tax under GST. What will be the option available to such dealers in t
A
He may apply for the cancellation of the provisional registration
B
He has to wait for the completion of the provisional registration period of 6 months
C
Cancellation will be permitted only after One year from the appointed day
D
None of the Above
There are 20 questions to complete.

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