10000 MCQ /questions on commerce questions answers
'Table A' is an alternative to.....
Articles of Association
Memorandum of Association
None of the above
.....budget may be classified into material cost budget, labour cost budget and overhead budget.
Cost of Production
Within how many days a person should apply for registration?
Within 60 days from the date he becomes liable for registration.
Within 30 days from the date he becomes liable for registration.
No Time Limit
Within 90 days from the date he becomes liable for registration.
Shares or stocks which are protected against withdrawals of funds by an original stock owners are classified as
In the first round 14 major banks with a liability base of.... were nationalized:
10 crore or more
20 crore or more
50 crore or more
100 crore or more
Every Banking company is required to use the word Bank in its name and no company other than a Banking company can use the words Bank, Banker or Banking as a part of its name as per:
Section 7 of Banking Regulation Act
Section 7 of RBI Act
Section 7 of SEBI Act
Section 7 of Nationalization Act
The books and other records U/S 35 are to be maintained at
Place where the books and accounts are maintained
Place of address of the Proprietor/ Partner/Director/Principal Officer
Principal place of business mentioned in the Certificate of Registration
Any of the above
Inventory turnover ratio = Cost of inventory consumed during the period $\div$ Cost of.....held during the period
none of these
Which of the following committees is associated with reforms in small industries?
K. L. Rekhi Committee
R. Chelliah Committee
Abid Hussain Committee
None of the above
Total common equity divided by common shares outstanding which is used to calculate
book value of share
market value of shares
earning per share
dividends per share
The Critique of Political Economy, the first fruits of Karl Marx's long painstaking research at the British Museum, appeared in
The bonus issue is made to make the nominal value and the..... value of the shares of the company.
Select the incorrect statement/statements about the co-operative banks in India from given choices:
- Co-operative banks are small sized units organized in the cooperative sector, which operate both in urban and no
Both I and II
Neither I and II
Default free financial security sells by U.S treasury is classified as
U.S treasury bills
certificate of deposit
Time and motion study is conducted by.....
time keeping department
What is the basic objective of setting up settlement Commission?
To give alternative channel for dispute settlement
To expedite GST payment and to avoid litigation
To give an option for voluntary disclosure
All of the Above
Which of the following is CORRECT with respect to resources?
Money is a capital good
Human skills are a labour input
Entrepreneur is part of the labour input
Natural resources include human input
----deals with accounting for investments.
Business which has centralized registration under existing act.
Shall obtain a centralized registration under GST Law.
Shall obtain separate registration in each state from where it is making taxable supplies
Shall obtain registration on temporary basis.
No need to apply for registration under GST.
The provision for bad debts account represents
Some of the profit
some of the credit withheld
the total of actual bad debts,
the total amount owing to the business
There are 20 questions to complete.