Commerce online quiz 135

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The maximum amount with which a company is registered is called
A
Authorized capital
B
Issued capital
C
Paid up capital
D
Called up capital
Question 2
Tendency of measuring correlation of two variables is classified as
A
tendency coefficient
B
variable coefficient
C
correlation coefficient
D
double coefficient
Question 3
Goodwill is classified as which one of the following assets?
A
Fixed
B
Long term
C
Current
D
Intangible
Question 4
An example of a derivative security is.....
A
a common share of General Motors
B
a call option on Mobil stock
C
a commodity futures contract
D
B and C
Question 5
..... were the pioneers of the co-operative movement.
A
Blackstone society
B
Rochdale Society of Equitable Pioneers
C
Common Purpose Society
D
Mutual Help Society of Pioneers
Question 6
In order to control credit-
A
CRR should be increased and Bank Rate should be decreased
B
CRR should be decreased and Bank Rate should be decreased
C
CRR and Bank Rate should be increased
D
CRR should be decreased and Bank Rate should be increased
Question 7
Overriding commission is generally calculated on
A
Cash sale only
B
Total sales exceeding invoice value/cost
C
Credit sales
D
None of the above
Question 8
Cash flow which starts negative then positive than again positive cash flow is classified as
A
normal costs
B
non-normal costs
C
non-normal cash flow
D
normal cash flow
Question 9
XYZ firm has imported a machine from abroad. Which of the following is NOT the element of the machine's cost?
A
Purchase price of machine
B
Import duty
C
Demmurage charges
D
Refundable tax
Question 10
The minimum wage is an example of
A
Price floor
B
Price ceiling
C
Equilibrium wage
D
Efficiency of labour
Question 11
In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as
A
under allocated indirect cost
B
over allocated direct cost
C
over allocated budget
D
under allocated budget
Question 12
Which of the following speculators expect fall in the prices of securities in the near future?
A
Bull
B
Bear
C
Stag
D
Under inter
Question 13
Scarcity means
A
Non-availibility of goods
B
High price of goods
C
Less supply than demand
D
High profit of the firms
Question 14
If sales budget variance is $57000 and flexible budget amount is $97000, then static budget amount will be
A
$40, 000
B
$154, 000
C
$164, 000
D
$124, 000
Question 15
The limitation period for the completion of assessment in respect of un-registered persons?
A
Within 1 year from the due date of filing of the annual return.
B
Within 3 years from the due date of filing of the annual return.
C
Within 5 years from the due date of filing of the annual return.
D
None of the Above
Question 16
A higher indifference curve shows
A
A higher level of satisfaction
B
A higher level of production
C
A higher level of income
D
None of the above
Question 17
A feasible effect of international trade is that a (an)
A
Monopoly in the home market becomes an oligopoly in the world market
B
Oligopoly in the home market becomes a monopoly in the world market
C
Purely competitive firm in the home market becomes an oligopolist
D
Purely competitive firm in the home market becomes a monopolist
Question 18
115: Match List I with List II and select correct answer using the codes given below: List I List II a. Real Accounts I. Dr. the receiver Cr. the giver b. Nominal Accounts II. Dr. what comes in Cr. what goes out c. Personal Accounts Ill. Dr. all expenses
A
a b c III II I
B
a b c I III II
C
a b c II III I
D
a b c I II III
Question 19
Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as
A
conference method
B
inference method
C
pricing method
D
manufacturing method
Question 20
What is type of test?
A
Aptitude Test
B
Personality Test
C
Achievement Test
D
All of the above
There are 20 questions to complete.

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