Commerce online quiz 150

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
A cheque is considered as stale when if has been in circulation for
A
more than forty eight hours
B
more than one year
C
more than six months unless otherwise specified
D
more than three months
Question 2
Which Stock Exchange was the first to introduce a transparent, screen-based trading system in the wholesale debt market including govt. securities in 1994?
A
Bombay Stock Exchange
B
Delhi Stock Exchange
C
National Stock Exchange
D
Jaipur Stock Exchange
Question 3
Bonus shares can be issued by a company
A
Out of the Reserves created by revaluation of fixed assets
B
Out of share premium not collected in cash
C
Without any provision for it in the Articles of Association of the company
D
Out of free reserves built out of genuine profit
Question 4
In case a particular word is not defined in the CGST Act, then it is possible to refer to:
A
Companies Act, 1956
B
Companies Act, 2013,
C
Companies Act, 1913
D
General Clauses Act, 1897
Question 5
More MCQs on Foreign Exchange Management 1. Which of the following is not an example of an international trade draft?
A
Time draft.
B
Sight draft.
C
Both the first and second answers are correct
D
Usance draft
Question 6
On 9th October 2013 RBI has announced set up a Technical Committee under the chairman ship of..... to examine the feasibility of encrypted SMS-based fund transfers.
A
Anand Sinha
B
Raghu Ram Rajan
C
Urjith Patel
D
Sambamurthy
Question 7
There are a few basic factors which may be applied in winning the hearts of the readers. They are
A
Psychological factor, environmental factor, social factor
B
Self factor, psychological factor, service factor
C
Service factor, philosophical factor, self factor
D
Technological factor, service factor, self factor.
Question 8
What is the required minimum worth of any NBFC (Non Banking Financial Company) should have to set up White Label ATMs?
A
50 Crores
B
75 Crores
C
100 Crores
D
1000 Crores
Question 9
Present value of portfolio is Rs 1300 and current value of stock in portfolio is Rs 2300 then current option price will be
A
Rs 3, 600.00
B
Rs 1, 000.00
C
Rs 1, 250.00
D
Rs 1, 500.00
Question 10
In activity based costing method implementation, indirect costs are allocated by using the
A
no cost pool
B
One or two cost pools
C
sustained tracing
D
support tracing
Question 11
The true cost of hedging transaction exposure by using forward market is
A
Difference between agreed rate and spot rate at the time of entering into contract.
B
Difference between agreed rate and spot rate on the due date of contract
C
Forward premium / discount annualized.
D
None of the above.
Question 12
..is not the scope of Cost Accountancy.
A
Ascertaining cost
B
cost accounting
C
cost control
D
tax planning
Question 13
..... will generally show a debit balance
A
Bank loan
B
Bad debts recovered
C
Drawings
D
Salary payable
Question 14
Who are the persons liable to furnish information return? (i) Taxable person (ii) Income Tax Officer (iii) Sub Registrar (iv) Banking Company (v) GST Network Codes:
A
i, ii, iii & v
B
i, ii, iv & v
C
ii, iii, iv & v
D
i, ii, iii, iv & v
Question 15
A Special Audit is conducted with prior permission of the Commissioner for a detailed examination on a focused issues like:
A
Incorrect declaration of the Transaction Value
B
Credit availing above the normal limits
C
Any of the above (A) or (B)
D
None of the above
Question 16
Under the P/E model, stock price is a product of.....
A
EPS and DPS
B
P/E ratio and EPS
C
EPS and required return
D
P/E ratio and required return
Question 17
Closing stock appearing in the Trial Balance is shown in-
A
Balance Sheet only
B
Trading Account only
C
Trading Account and Balance Sheet both
D
None of the above
Question 18
Expand the term ALM as used in Banking / Finance sector?
A
Asset Liability Mismatch
B
Asset Liability Maturity
C
Asset Liability Management
D
Asset Liability Manpower
Question 19
An equity multiplier is multiplied to return on assets to calculate
A
return on assets
B
return on multiplier
C
return on turnover
D
return on stock
Question 20
A collection of investment tools such as stocks, shares, mutual funds, bonds, cash and so on depending on the investor's income, budget and convenient time frame. The art of selecting the right investment policy for the individuals in terms of minimum ri
A
Portfolio management
B
Credit creation
C
Amortized management
D
Zero account
There are 20 questions to complete.

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