Commerce online quiz 147

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The document inviting offers from public to subscribe for the debentures or shares of a body corporate is a
A
Debenture
B
Fixed deposit receipt
C
correctchoice Prospectus
Question 2
Utility means
A
Power to satisfy a want
B
Usefulness
C
Willingness of a person
D
Harmfulness
Question 3
Net profit / loss is transferred to the.....account.
A
assets
B
liability
C
revenue
D
capital
Question 4
.....is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets.
A
Statutory Liquidity Ratio (SLR)
B
Cash Reserve Ratio (CRR)
C
Statutory Reserve Ratio
D
Cash Ratio
Question 5
Average stock of firm is Rs. 80, 000, the opening stock is Rs. 10, 000 less than closing stock. Find opening stock.
A
Rs. 95, 000
B
Rs. 85, 000
C
Rs. 90, 000
D
Rs. 75, 000
Question 6
The marking to market in respect of a currency future refers to
A
Putting up for sale specific lot of futures.
B
Adjusting the margin money of buyer and seller to reflect the current value of futures
C
Quoting rates for different maturities.
D
Allotting futures among different brokers.
Question 7
Which of the following statement are correct
  1. Inventory includes raw materials, finished goods, and work in progress,
  2. Inventory is a part of the working capitaL
  3. Inventory includes goods likely to be purc
A
(i), (ii), and (iii)
B
(ii) and (iii)
C
(i) and (iii)
D
(i) and (ii)
Question 8
Over the Counter Exchange of India was started after the role model of.....
A
NASAQ
B
JASAQ
C
NASDAQ& JASDAQ
D
NSE
Question 9
What is the maximum charge excluding service tax and time varying tariff that can be charged by a bank for remittance of more than Rs 5 lakh through RTGS?
A
Rs 25
B
Rs 50
C
Rs 100
D
All of these
Question 10
Average unit cost for each process is calculated by dividing the..... by.....
A
Total cost, number of units
B
total cost, number of units produced
C
Total process cost, number of finished goods
D
total process cost, number of units in process
Question 11
Situation in which one project is accepted while rejecting another project in comparison is classified as
A
present value consent
B
mutually exclusive
C
mutual project
D
mutual consent
Question 12
Expenses which remains unpaid at the end of the accounting period
A
Outstanding expenses
B
Reserve
C
prepaid expenses
D
Recoverable expenses
Question 13
A type of security payment in which payments are made at equal intervals of time and each payment amount is same is classified as
A
fixed interval investment
B
fixed payment investment
C
annuity
D
lump sum amount
Question 14
Who introduced the concept of Micro Finance in Bangladesh in the form of the "Grameen Bank"? He is the Nobel laureate known by many as the "father of micro finance systems".
A
C. D. Deshmukh
B
Amartya Sen
C
Muhammad Yunus
D
Sheik Haseena
Question 15
Two alternative expected returns are compared with help of
A
coefficient of variation
B
coefficient of deviation
C
coefficient of standard
D
coefficient of return
Question 16
Sale of goods to Rani for cash shall be debited to
A
Rani account
B
Cash account
C
Sales account
D
None of these
Question 17
The return of goods by a customer should be debited to
A
Customer account
B
Return inward account
C
Returns outward account
D
Goods account
Question 18
FEMA signifies
A
Free Export management act
B
Foreign Exchange management act
C
Foreign Exchange monitoring act
D
Free Export marketing act
Question 19
All arrests should be made as per the provisions of.....
A
Code of Criminal Procedure, 1973
B
Civil Procedure Code
C
Indian Penal Code
D
Foreign Exchange Management Act
Question 20
Endorsement, discounting and collection of bills of exchange is made by
A
Debtors
B
Creditors
C
Drawee
D
Drawer
There are 20 questions to complete.

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