Commerce online quiz 151

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।)
Economic Batch Quantity is an important point to be determined in industries where..... costing is employed.
A
Job
B
batch
C
operation
D
output
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What is the time of supply of service for the supply of taxable services up to Rs.1000 in excess of the amount indicated in the taxable invoice?
A
At the option of the supplier-Invoice date or Date of receipt of consideration
B
Date of issue of invoice
C
Date of receipt of consideration.
D
Date of entry in books of account
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A SEZ is
A
a regional area within which trade with foreign nations is allowed
B
a free trade agreement among several nations
C
designed to limit exports of manufactured goods by placing export taxes on goods made within the zone
D
designed to promote exports by deferring import duties on intermediate inputs and waving such duties if the final product is re-exported rather than sold domestically
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Education cess is leviable in case of
A
An individual and HUF
B
A company assessee only
C
All assesses
D
None of the above
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An average return of portfolio divided by its standard deviation is classified as
A
Jensen's alpha
B
Treynor's variance to volatility ratio
C
Sharpe's reward to variability ratio
D
Treynor's reward to volatility ratio
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Marginal cost curve cuts the average cost curve
A
At the left of its lowest point
B
At the lowest point
C
At the right of its lowest point
D
At its highest point
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which one is a client level threat?
A
Malicious code
B
Viruses
C
Active contents
D
All the above
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following statements are correct? (i) Persons who are required to deduct tax u/s 51 shall obtain registration irrespective of the threshold specified. (ii) Persons who are required to collect tax u/s 52 shall obtain registration irrespective
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
i, ii, iii & iv
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If an investor states that Intel is overvalued at 65 times, he is referring to.....
A
earnings per share
B
dividend yield
C
book value
D
P/E ratio
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
For claiming Deduction u/s 80C, the payment or deposit should be made
A
Out of any income
B
Out of any income chargeable to income tax
C
During the current year out of any source
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।)
For the purpose of preparation of fund flow statement, fund means-
A
Total resources
B
Cash/bank balances
C
Current Assets
D
Working capital
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If it is expedient in the interest of the revenue, can the proper officer after recording reasons in writing, require a taxable person to make payment of tax demand within shorter period as may be specified by him?
A
Yes
B
No
C
With prior permission of not below the rank of Joint Commissioner
D
None of the above
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A valid definition of a business purpose is to.....
A
Create a customer
B
Maximize profits
C
Serve the society
D
Increase the wealth of the firm
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Final accounts prepared in narrative style are in-
A
Horizontal form
B
Accounts form
C
Vertical form
D
None of the above
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Working capital means.....
A
Current asset plus current liability
B
Current asset minus current liability
C
Fixed asset plus current asset
D
Fixed asset minus current asset
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Now the minors of which age above can open Savings bank accounts?
A
10
B
15
C
9
D
7
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Who is liable to pay the tax in case of transfer of business?
A
Transferor
B
Transferee
C
Both jointly and severally
D
Jointly
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Volume Variance =
A
Standard rate (Actual output-budgeted output)
B
Actual output x standard rate-budgeted fixed overheads
C
Standard rate per hour(standard hours produced-actual hours)
D
All of the above
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Factors that accelerate process of refining a costing system include
A
increase in product diversity
B
increase in indirect costs
C
product market competitions
D
all of above
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Patents, Copyrights and Trademarks are
A
Current assets
B
Fixed assets
C
Intangible assets
D
Investments
There are 20 questions to complete.

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