10000 MCQ /questions on commerce questions answers
Organisation is the foundation of management.'' This statement is given by-
Higher level of production leads to
higher repair cost
higher setup cost
lower repair cost
higher setup cost
The balance of payments of a country on current account is equal to
Balance of trade plus short term
Balance of trade plus net invisible exports
Balance of payment minus capital flows
Balance of invisible trade plus imports
Audit fess is a part of.....
works on cost
Commission to promote credit sale by consignee is known as
Del credere commission
Over riding commission
Which one of the following ratios is likely to be affected the most on account of price level changes?
Inventory Turnover Ratio
Debtors' Turnover Ratio
Fixed Assets Turnover Ratio
Translation loss is
A loss to the parent company.
A loss to the subsidiary company.
A notional loss.
An actual loss.
Exchange rate between currency A and currency B, given the values of currencies A and B with respect to a third currency is known as
Flexible exchange rate
Fixed exchange rate
Cross exchange rate A
Capital gain is Rs 2 and beginning price is Rs 24 then capital gains yield will be
Place of supply where the goods are assembled or installed?
Place of supplier
Place of recipient
Place of transporter
Place of the such assembly or installation
Which of the following cannot be called as a value Added Service offered by bank?
Special Accounts for poor sections of society
Accident Insurance Cover
Instant credit of outstations cheques
Free cheque books
RBI issued uniform accounting standards for ARCs with regard to acquiring non-performing loans, recognizing revenue and management fees to ensure common treatment for firms. ARC stands for?
Asset Roll Companies
Area Reconstruction Companies
Asset Reconstruction Companies
Asset Reconstruction Co-ordinates
When will the inputs and/or capital goods sent to job-work become a supply?
When the inputs and/or capital goods sent to job-worker are not received within 1 year or 3 years respectively
When the inputs and/or capital goods sent to job-worker are not supplied, with or without payment of ta, x from the job-workers place within 1 year or 3 years respectively
Both under (a) or (b)
None of the above
When the completion stage of a contract is less than 1/4, the total expenditure on the contract is transferred to.....account.
Profit and loss account
none of these
An aggressive share would have a beta
Equal to Zero
Greater than one
Less than Zero
Equal to one
The economist's objections to monopoly rest on which of the following grounds?
There is a transfer of income from consumers to the monopolist
There is welfare loss as resources tend to be misallocated under monopoly
Both A and B are incorrect
Both A and B are correct
The strike price under an option is
The price at which the option is auctioned
The exchange rate which the currencies are agreed to be exchanged under the contract
Lower of the market price and the agreed price
None of the above
What is the effect if the parliament annuls the rules/ notifications issued by government?
- It is as good as no rules/ notifications were issued by the government
- The rules/ notifications issued by the government
Only (i) & (ii)
Only (ii) & (iii)
Only (ii) & (iv)
Only (iii) & (iv)
Wage sheet is prepared by.....
time keeping department
cost accounting department
obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation of production.
JIT Inventory System
Perpetual Inventory System
There are 20 questions to complete.