Commerce online quiz 156

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Details of Inward supplies shall include
A
Inward supplies of goods and services communicated in Form GSTR 2A
B
Inward supplies in respect of which tax is payable under reverse charge mechanism
C
Inward supplies of goods and services not declared by suppliers
D
All the above
Question 2
A type of beta which incorporates about company such as changes in capital structure is classified as
A
industry beta
B
market beta
C
subtracted beta
D
fundamental beta
Question 3
When the income elasticity of demand is greater than unity, the commodity is
A
An inferior good
B
A luxury
C
A necessity
D
A non-related good
Question 4
Describe the method of costing to be applied in case of Nursing Home:
A
Operating Costing
B
Process Costing
C
Contract Costing
D
Job Costing
Question 5
The effect of speculation on exchange rate is
A
It causes violent fluctuations in exchange rate.
B
It aggravates the market trends.
C
Either or both of A and B.
D
Neither A nor B.
Question 6
Which of the following account will be credited when the goods are purchased on cash?
A
Stock account
B
Cash account
C
Supplier account
D
Work in progress account
Question 7
Marketing is
A
Essential an operational and purposive pursuit
B
A cost of service
C
A cost of product
D
An expenses
Question 8
Discriminating monopoly is possible if two markets have
A
Rising cost curves
B
Rising and declining cost curves
C
Different elasticity of demand
D
Equal elasticity of demand
Question 9
In case of a limited company, the term financial statements includes
A
Profit and loss and balance sheet
B
Profit and loss account, profit and loss appropriation account and balance sheet
C
Balance sheet
D
None of the above
Question 10
Increase in the installation of Personal Computer is mainly due to-
A
monotony of work
B
reduction of fatigue
C
improvement of efficiency
D
lowering work load
Question 11
The marketing plan provides both
A
The vision and the cost
B
The vision and the direction
C
The vision and control
D
The vision and the post
Question 12
A modified internal rate of return is considered as present value of costs and is equal to
A
PV of hurdle rate
B
FV of hurdle rate
C
PV of terminal value
D
FV of terminal value
Question 13
Present value of portfolio is Rs 900 and current value of stock in portfolio is Rs 1500 then current option price would be
A
Rs 2, 400.00
B
-Rs 600.00
C
-Rs 2, 400.00
D
Rs 600.00
Question 14
In accounting, cost incurred in past or in historical financial statements is classified as
A
actual cost
B
budgeted cost
C
past cost
D
incurred cost
Question 15
Lesser production of..... would lead to lesser production in future.
A
Public goods
B
Consumer goods
C
Capital goods
D
Agricultural goods
Question 16
The CGST second appeal before the Tribunal will be filed by:
A
CGST Commissioner
B
Review Committee comprising of 2 CGST Officers
C
Legal Wing of the CGST Department
D
Concerned Adjudicating Officer
Question 17
Value of stock is Rs 400 and required rate of return is 20% then preferred dividend would be
A
Rs 80.00
B
Rs 8, 000.00
C
Rs 20.00
D
Rs 50.00
Question 18
Assets minus liabilities equal to
A
Goodwill
B
Working capital
C
Net income
D
Capital
Question 19
Process of comparing company results with other leading firms is considered as
A
comparison
B
analysis
C
benchmarking
D
return analysis
Question 20
What types of refund are directly given instead of crediting in to the Consumer welfare fund?
  1. Refund on Export
  2. Unutilised portion of ITC
  3. Tax or any other amount paid without passing to some one else.
    A
    i, ii & iii
    B
    i, ii & iv
    C
    ii, iii & iv
    D
    i, ii, iii & iv
There are 20 questions to complete.

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