Commerce online quiz 153

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
A method of inventory recording which produces high inventories in balance sheet is classified as
A
First out receivable
B
First in first out
C
Last in first out
D
last out receivable
Question 2
Economic life of an enterprise Is split into periodic interval as per..... concept
A
Materiality
B
Periodicity
C
Accrual
D
Conservation
Question 3
In case of perfect competition in the market
A
Marginal revenue curve always slopes upward
B
Marginal revenue curve always slopes downwards
C
Marginal revenue is always equal to average revenue
D
Marginal revenue is always less than average revenue
Question 4
The price of a share quoted in the stock exchange is cum, dividend when.....
A
it is inclusive of dividend declared
B
it is exclusive of dividend declared
C
it excludes interest
D
it includes interest
Question 5
Profitability index in capital budgeting is used for
A
negative projects
B
relative projects
C
evaluate projects
D
earned projects
Question 6
Reorder level =.....
A
maximum level-minimum level
B
maximum consumption X maximum reorder period
C
minimum consumption x minimum reorder period
D
normal consumption X normal reorder period
Question 7
Consider the following elements:
  1. Indicators
  2. Objectives
  3. Controls
  4. Key result Areas
  5. Roles and Mission
  6. Action Plans
Their correct sequence in Management by Objectives and Result is:
A
5, 4, 2, 1, 3, 6
B
4, 5, 2, 1, 3, 6
C
5, 4, 1, 2, 6, 3
D
4, 5, 1, 2, 6, 3
Question 8
Deduction under section 80C is allowed from
A
Gross total income
B
Total income
C
Tax on total income
D
None of the above
Question 9
Application of Theory 'X' implies practising of-
A
Free leadership
B
Democratic leadership
C
Autocratic leadership
D
None of the above
Question 10
Consider the following Statements
    [I)]
  1. Scope of audit
  2. Validity of appointment
  3. Knowledge about business
  4. Instruction to client
  5. Division of work among audit clerks.
The correct sequence of the
A
II, I, III, IV and V
B
I, II, III, IV and V
C
V, I IV, III and II
D
IV, I, III, II and V
Question 11
If economic order quantity for one year is 15000 packages and demand in units for one year are 1500 units, then number of deliveries in a year will be
A
16
B
12
C
10
D
14
Question 12
Scrap is.....
A
residue of material
B
wastage of material
C
surplus material
D
abnormal loss of material
Question 13
Which of the following is an advantage of e-books?
A
reduced transaction costs for the user
B
requirement of expensive devices to use
C
portability compared to print books
D
copyright management
Question 14
.... was not nationalized in 1969:
A
Punjab National Bank
B
Oriental Bank of commerce
C
Bank of Baroda
D
Union Bank of India
Question 15
As output increases
A
MC curve initially falls and then rises
B
MC initially rises and then falls
C
MC continuously rises
D
None of the above
Question 16
What is the basic difference between bank and a non-bank?
A
While banks allow withdrawal of money from savings accounts, a non-bank does not allow the opening of a saving account.
B
Current account could be opened in non-banks.
C
While banks are regulated by the RBI, non-banks are directly regulated by the Ministry of Finance.
D
All limited companies in India are entitled to set up non-banking institutions.
Question 17
In case of opening stock Rs. 5, 000, purchases Rs. 15, 000, direct expenses Its. 2, 000 and closing stock Rs. 2, 500, the cost of goods sold had been?
A
Rs. 20, 000
B
Rs. 19, 500
C
Rs. 21, 500
D
Rs. 22, 000
Question 18
An organisation structure is effective if it enables individuals to contribute to the objectives of the enterprise. This is known as
A
Scalar principle
B
Principle of functional definition
C
Principle of unity of objectives
D
None of the above
Question 19
The long-run objective of financial management is to.....
A
maximize earnings per share
B
maximize the value of the firm's common stock
C
maximize return on investment
D
maximize market share
Question 20
Current Ratio is 3.75, Acid Test Ratio is 1.25 Stock Rs. 3, 75, 000, calculate working capital.
A
Rs. 3, 00, 000
B
Rs. 4, 00, 000
C
Rs. 4, 12, 500
D
Rs. 4, 25, 000
There are 20 questions to complete.

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