Commerce online quiz 136

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।)
When money is withdrawn from the bank, the bank will..... the account of customer
A
Credit
B
Debit and Credit
C
Debit
D
None of the above
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cost Accounting has been developed becauseof of Financial Accounting.
A
Limitations
B
advantages
C
both a & b
D
none of these
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Select the incorrect statement from the given list:
A
Banking year of India runs from January to December.
B
Financial year of the IMF runs from July to June.
C
Agricultural year of India runs from June to May.
D
Financial year of the USA and Pakistan one most similar to that of the IMF.
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is not classified as a commercial Bank?
A
Regional Rural Bank
B
Private Sector Bank
C
Foreign Bank
D
Co-operative Bank
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Operating costing is also known as..costing.
A
Service
B
batch
C
multiple
D
job
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Input tax credit as per the VAT law will be carried forward as:
A
CGST
B
SGST
C
IGST
D
CGST or SGST at the option of the supplier
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The term ''used in the course or furtherance of business'' means?
A
It should be directly co related to output supply
B
It is planned to use in the course of business
C
It is used in the course of business
D
It is used in the course of business for making outward supply
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is/are the problem(s) encountered in financial statement analysis?
A
Development of benchmarks
B
Window dressing
C
Interpretation of results
D
All of the above
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In connection with marine insurance the 'Doctrine of Utmost Good Faith' is based on the concept of-
A
Disclosure
B
Concealment
C
Misrepresentation
D
None of the above
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
ITC in GST is computed by generating.....
A
GSTR I
B
GSTR II
C
GSTR III
D
GSTR IV
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Profitability Inde, x when applied to divisible projects, impliedly assumes that
A
Project cannot be taken in parts.
B
NPV is linearly proportionate to part of the project taken up.
C
NPV is addictive in nature.
D
Both (B) and (C).
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The maximum rate of tax prescribed for manufactures in Composition levy is;(GST +SGST)
A
1%
B
5%
C
0.50%
D
2.50%
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
When the actual loss is more than the estimated loss, the difference between the two is considered to be.....
A
Abnormal loss
B
normal loss
C
loss
D
none of these
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What will be the Time Limit for making payment of the TDS Amount by the Deductor?
A
Within 20 days after the end of the month
B
Within 15 days after the end of the month
C
Within 10 days after the end of the month
D
Next Working Day after the TDS Collection
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
which one is not an E-payment method used in India?
A
Debit card
B
Credit card
C
e-cheque
D
none
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What will be the penalty for opting the composition of the tax liability without eligible for the same?
A
Rs.25/-Thousand
B
Rs.10/-Thousand
C
Rs.50/-Thousand
D
Equal Amount of tax
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Identify the formula that is used to calculate the capital turnover ratio
A
Credit sales/ Capital employed
B
Credit sales/net worth
C
Net sales/ Average accounts payable
D
Net sales/Capital employed
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Who should discharge the liability of GST on the scrap generated during job-work?
A
Job-worker, if registered
B
Principal, if job-worker is not registered
C
Always principal
D
Option (a) or (b)
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The budget which commonly takes the form of budgeted profit and loss account and balance sheet is
A
cash budget
B
master budget
C
flexible budget
D
fixed budget
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which one of the following is controllable variable of marketing management?
A
Packaging
B
Legal Environment
C
Advertisement
D
Political Environment
There are 20 questions to complete.

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