Commerce online quiz 149

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।)
Payment of security if it is made at end of each period such as beginning of year is classified as
A
annuity due
B
payment fixed series
C
ordinary annuity
D
deferred annuity
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is TRUE about the treatment of insurance premium paid in advance
A
Current asset
B
Current liability
C
Short term liability
D
Fixed asset
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Type of cost which is used to raise common equity by reinvesting internal earnings is classified as
A
cost of mortgage
B
cost of common equity
C
cost of stocks
D
cost of reserve assets
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Recreation expenses in factory are apportioned on the basis of.....
A
material cost
B
wages
C
prime cost
D
number of employees
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Competition Act was enacted in the year.....
A
June 2002
B
Dec. 2002
C
January 1999
D
None of these
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Consider the following statements: Continuous evaluation of the relevance of generally accepted accounting principles is required, because:
  1. they are the everlasting operating realities.
  2. the environment, in whic
A
1, 2 and 3
B
2, 3 and 4
C
3 and 4
D
I and 4
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If sales are Rs. 18, 000, Gross Profit Rs. 5, 000, Net Loss Rs. 1, 000, the operating expenses will be?
A
Rs. 4, 000
B
Rs. 6, 000
C
Rs. 13, 000
D
Rs. 17, 000
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Capital increases if..... increases
A
Expenses are greater than income
B
Drawings
C
Interest on capital
D
Revenue
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Members of a company may apply to which one among the following for relief under the Companies Act, 1956 in cases of oppression?
A
Central Government
B
High Court of Judicature
C
National Company Law Tribunal
D
National Company Law Appellate Tribunal
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Would notice/ order/ documents be 'deemed as served', though registered post/ speed post is not received by intended person?
A
No. Actual service is necessary. There is no concept of deemed service.
B
Yes, it is deemed to have been received by the addressee at the expiry of the period normally taken by such post, unless the contrary is proved.
C
No
D
None of the above
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Xerography is a process of.....
A
electrical photography
B
blue printing
C
fixing stamps
D
printing address
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What does management audit imply?
A
Complete audit
B
Detailed audit
C
Efficiency audit
D
Interim audit
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A bus carries 25 passengers daily for 25 days and its mileage per month is 1000 kms. Its passenger miles are.....
A
30, 000
B
12, 500
C
20, 000
D
25, 000
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Slope coefficient is 0.75 and difference in machine hours is $65000 then difference in cost would be
A
$86, 667
B
$48, 750
C
$85, 000
D
$55, 000
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
.....deals with accounting for investments.
A
AS 11
B
AS 12
C
AS 13
D
AS 14
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The portion of the acquisition cost of an asset yet to be allocated is known as
A
Written down value
B
Accumulated value
C
Realizable value
D
Salvage value
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In calculating a country's GNP at market prices, which one of the following is not included?
A
Indirect taxes
B
Subsidies
C
Wages and salaries before tax
D
Retirement pension
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The Degree of Financial Leverage (DFL)
A
Measures financial risk of the firm
B
Is zero at financial break-even point
C
Increases as EBIT increases
D
Both a and b
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Assertion (A): The Companies Act; 1956 requires that internal audit must be carried out by a Chartered Accountant. Reason (R): It is to help the management to protect the interests of the shareholders and the society.
A
Both A and R are true and R is the correct explanation of A
B
Both A and R are true but R is NOT a correct explanation of A
C
A is true but R is false
D
A is false but R is true
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Is Section 143 applicable to all categories of goods?
A
Yes
B
No
C
Applicable to all categories of goods
D
None of the above
There are 20 questions to complete.

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