Commerce online quiz 132

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
which among these is not a global force impacting the Indian Economy
A
Dynamics of capital flow
B
Integrating the role of Purchasing
C
Integrating the role of Technology
D
Need of Attitudinal Change
Question 2
Fisher's ideal index number is
A
Arithmetic mean of Laspeyre's and Paasche's index
B
Harmonic mean of Laspeyre's and Paasche's index
C
Geometric mean of Laspeyre's and Paasche's index
D
None of the above
Question 3
The late fee for the delay in filing of the annual return will be:
A
Rs.100/-per day not exceeding Rs.5000/-at maximum
B
Rs.100/-per day not exceeding quarter percentage of his aggregate turnover
C
Rs.750/-per day not exceeding Rs.25000/-at maximum
D
Rs.1000/-per day not exceeding Rs.50, 000/-at maximum
Question 4
In case of simple correlation, the number of variables involved are
A
1
B
2
C
3
D
4
Question 5
The. Officer is empowered to assist the proper officer.
A
Police/Customs
B
Health
C
CBI
D
State Excise
Question 6
Which one of the following is the most appropriate management control technique for timely completion of a project?
A
Organisation chart
B
Management by Objectives
C
PERT
D
Span of control
Question 7
Any amount of tax collected shall be deposited to the credit of the Central or State Government:
A
Only when the supplies are taxable
B
Regardless of whether the supplies in respect of which such amount was collected are taxable or not
C
Only when the supplies are not taxable
D
None of the above
Question 8
In 'Percentage of Sales' method of preparation of Projected Financial Statements, the Operating Expenses should be projected on the basis of
A
% of Profit before tax
B
% of Cost of goods Sold
C
% of Gross Profit
D
% of Sales
Question 9
Stock is valued in the books of accounts at
A
Cost price
B
Market price
C
Cost price of market price whichever is less
D
Depends whether LIFO method is used or FIFO method is used
Question 10
A public corporation means.....
A
Public company
B
Government company
C
Statutory corporation
D
Department of union government
Question 11
The marketing manager have to carry out their responsibilities integrating all these factors in the management
A
Process
B
Objective
C
Goals
D
Opportunity
Question 12
Which of the following will be affected by normal loss?
A
Costing profit
B
Financial profit
C
Process profit
D
cost of Good units
Question 13
The scope of cost accounting include.., and
A
Cost ascertainment, cost presentation, cost control
B
tax planning, tax accounting, financial accounting
C
presentation of accounting information, creation of policy, day-to day operation
D
none of the above
Question 14
Which of the following financial reports shows the profitability of a business?
A
Income statement
B
Balance sheet
C
Cash flow statement
D
Statement of changes in equity
Question 15
The market which expects the prices of shares go up in the market is called.....
A
Depressed market
B
Duck market
C
Bear market
D
Bull market
Question 16
Consider the following statements with respect to the sinking fund method of depreciation:
  1. Depreciation is smaller than the assets annual depreciable cost.
  2. Amount of interest constantly declines due to assets r
A
2 and 3
B
1 and 3
C
1, 2 and 4
D
2, 3 and 4
Question 17
Withdrawals by the proprietor would
A
reduce owner's equity and increase liability
B
reduce assets and increase liabilities
C
reduce both assets and owner's equity
D
no change.
Question 18
Which of the following connections allows the fastest download speeds?
A
DSL
B
cable modem
C
T1
D
T3
Question 19
Period costs charged to.
A
cost of production
B
Products
C
Period
D
none of these
Question 20
What is the most appropriate goal of the firm?
A
Profit maximization
B
Stakeholder maximization
C
EPS maximization
There are 20 questions to complete.

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