Commerce online quiz 141

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
'Table A' is an alternative to.....
A
Prospectus
B
Articles of Association
C
Memorandum of Association
D
None of the above
Question 2
.....budget may be classified into material cost budget, labour cost budget and overhead budget.
A
Cost of Production
B
purchase
C
sales
D
Cash
Question 3
Within how many days a person should apply for registration?
A
Within 60 days from the date he becomes liable for registration.
B
Within 30 days from the date he becomes liable for registration.
C
No Time Limit
D
Within 90 days from the date he becomes liable for registration.
Question 4
Shares or stocks which are protected against withdrawals of funds by an original stock owners are classified as
A
protected shares
B
founders shares
C
withdrawal shares
D
original shares
Question 5
In the first round 14 major banks with a liability base of.... were nationalized:
A
10 crore or more
B
20 crore or more
C
50 crore or more
D
100 crore or more
Question 6
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:
A
Section 7 of Banking Regulation Act
B
Section 7 of RBI Act
C
Section 7 of SEBI Act
D
Section 7 of Nationalization Act
Question 7
The books and other records U/S 35 are to be maintained at
A
Place where the books and accounts are maintained
B
Place of address of the Proprietor/ Partner/Director/Principal Officer
C
Principal place of business mentioned in the Certificate of Registration
D
Any of the above
Question 8
Inventory turnover ratio = Cost of inventory consumed during the period $\div$ Cost of.....held during the period
A
Average inventory
B
minimum inventory
C
maximum inventory
D
none of these
Question 9
Which of the following committees is associated with reforms in small industries?
A
K. L. Rekhi Committee
B
R. Chelliah Committee
C
Abid Hussain Committee
D
None of the above
Question 10
Total common equity divided by common shares outstanding which is used to calculate
A
book value of share
B
market value of shares
C
earning per share
D
dividends per share
Question 11
The Critique of Political Economy, the first fruits of Karl Marx's long painstaking research at the British Museum, appeared in
A
1859
B
1857
C
1855
D
1853
Question 12
The bonus issue is made to make the nominal value and the..... value of the shares of the company.
A
Face
B
Market
C
Stock
D
Real
Question 13
Select the incorrect statement/statements about the co-operative banks in India from given choices:
  1. Co-operative banks are small sized units organized in the cooperative sector, which operate both in urban and no
A
Only I
B
Only II
C
Both I and II
D
Neither I and II
Question 14
Default free financial security sells by U.S treasury is classified as
A
U.S treasury bills
B
commercial paper
C
certificate of deposit
D
mutual funds
Question 15
Time and motion study is conducted by.....
A
time keeping department
B
personnel department
C
payroll department
D
engineering department
Question 16
What is the basic objective of setting up settlement Commission?
A
To give alternative channel for dispute settlement
B
To expedite GST payment and to avoid litigation
C
To give an option for voluntary disclosure
D
All of the Above
Question 17
Which of the following is CORRECT with respect to resources?
A
Money is a capital good
B
Human skills are a labour input
C
Entrepreneur is part of the labour input
D
Natural resources include human input
Question 18
----deals with accounting for investments.
A
AS 11
B
AS 12
C
AS 13
D
AS 14
Question 19
Business which has centralized registration under existing act.
A
Shall obtain a centralized registration under GST Law.
B
Shall obtain separate registration in each state from where it is making taxable supplies
C
Shall obtain registration on temporary basis.
D
No need to apply for registration under GST.
Question 20
The provision for bad debts account represents
A
Some of the profit
B
some of the credit withheld
C
the total of actual bad debts,
D
the total amount owing to the business
There are 20 questions to complete.

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