Commerce online quiz 154

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Effective demand depends upon
A
Desire for the commodity
B
Means to purchase
C
Willingness to use those means for that purchase
D
All of the above
Question 2
Past realized rate of return in period t is denoted by
A
t bar r
B
t hat r
C
r hat t
D
r bar t
Question 3
The tax authorities may conduct audit u/s 65 at:
A
the place of business of the registered person
B
the place of residence of the registered person.
C
the office of the tax authorities.
D
(a) or (c)
Question 4
In calculation of time, value of money, ''N ''represents
A
number of payment periods
B
number of investment
C
number of instalments
D
number of premium received
Question 5
Whether credit can be availed without actual receipt of goods where goods are transferred through transfer of document of title before or during the movement of goods?
A
Yes
B
No
C
Yes, in specific instances
D
Can be availed only after transfer of document of title after movement of goods
Question 6
Flexible budget amount is added to flexible budget variance to calculate
A
static result
B
actual result
C
secondary result
D
primary result
Question 7
The ordinary trading account is a locked storehouse of most valuable information to which cost system is the.
A
Key
B
lock
C
house
D
none of these
Question 8
If a company, which is not a non-banking financial company wants to collect public deposits, it is governed by..... Act:
A
RBI Act 1934
B
Banking companies Act
C
Companies Act 1956
D
Central Government
Question 9
Redeemable Preference shares of Rs. 1, 00, 000 are redeemed at a premium of 5%. With this object equity shares of Rs. 40, 000 are issued at par. What amount should be transferred to Capital Redemption Reserve Account?
A
Nil
B
Rs. 1, 05, 000
C
Rs. 65, 000
D
Rs. 60, 000
Question 10
Assertion (A): The doctrine if indoor management does not give absolute protection to outsiders who deal with a company. Reason (R): If majority of members have their way, the minority has its say.
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 11
Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is Rs.35000 and normal profit is Rs.25000. What will be the explicit cost of commodity X?
A
Rs.90000
B
Rs.65000
C
Rs.60000
D
Rs.100000
Question 12
Which of the following is a new and disruptive Web feature or service?
A
XML
B
diffserv
C
blogs
D
CDMA
Question 13
X of Mumbai drawn a bill on Y of Delhi payable at USA is
A
Foreign bill
B
Clean bill
C
Inland bill
D
Accommodation bill
Question 14
When supply of a commodity increases without change in price, it is called
A
Fall in supply
B
Expansion in supply
C
Contraction in supply
D
Rise in supply
Question 15
According to the Malthusian theory of population which one of the following statements is not correct?
A
Population tends to outrun the resources of subsistence
B
There is a direct relationship between standard of living and population
C
Increasing population can be checked through only positive checks
D
Positive checks are those checks which are applied by the nature to stop population growth
Question 16
A and B were sharing profits of a business in the ratio of 3: 2. They admit C into partnership, who gets 1/3 of A's share of profit from A, 1/2 of B's share of profit from B. The new profit sharing ratio will be
A
3: 2: 5
B
2: 1: 2
C
3: 2: 1
D
3: 2: 2
Question 17
According to top rating agencies S&P; double-B and other lower grade bonds are classified as
A
development bonds
B
junk bonds
C
compounded bonds
D
discounted bonds
Question 18
Which method of capital budgeting called benefit cost ratio?
A
Pay back period method
B
Net present value method
C
Payout period method
D
Profitability Index method
Question 19
Quality of a commodity that satisfies some human want or need is called
A
Service
B
Demand
C
Utility
D
Efficiency
Question 20
An enterprise gets more output and mutual cooperation from its subordinate staff by adopting
A
Motivating by Leadership
B
Motivation by participation
C
Motivation by goals
D
Motivation by Challenges
There are 20 questions to complete.

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