Commerce online quiz 157

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The following are causes of shift in demand EXCEPT
A
Change in income
B
Change in price
C
Change in fashion
D
Change in prices of substitutes
Question 2
After-the-fact rate of return often consider as realized or actual can be denoted
A
s hat r
B
r bar s
C
r hat s
D
s bar r
Question 3
Which of the following inventory valuation methods show higher profits during the period of rising prices?
A
FIFO
B
LIFO
C
Weighted average cost method
D
Simple average method
Question 4
Stock option is considered more valuable in situation when stock have
A
price hike in market
B
market stability
C
not volatile
D
highly volatile
Question 5
If the threat of substitute products or services is low it is a(n):
A
Disadvantage to the supplier
B
Advantage to the buyer
C
Advantage to the supplier
D
None of the above
Question 6
Which of the following securities proves a burden on finances of the company, when company is not earning profits?
A
Equity shares
B
Preference shares
C
Redeemable preference shares
D
Debentures
Question 7
Suppose a Canadian firm imports bananas of $ 1000 and shells them for $ 2000 the effect on GDP would be
A
The GDP will decrease by $ 3000
B
The GDP will increase by $ 3000
C
The GDP will increase by $ 2000
D
The GDP will increase by $ 1000
Question 8
Currency notes deposited in the currency chest are the property of.....?
A
Respective bank
B
RBI
C
SBI
D
Government of India
Question 9
Process a/c is.....
A
nominal a/c
B
a real a/c
C
personal a/c
D
either nominal or real a/c
Question 10
The registered recipient must issue an invoice in the following cases:
A
The supplier fails to issue an invoice;
B
The supplier is unregistered.
C
The goods or services received notified for tax on reverse charge basis;
D
All of the above.
Question 11
Where is the headquarter of Federal Bank.....
A
Pune
B
Kochi
C
Hyderabad
D
Mumbai
Question 12
What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991?
A
VRS to shed the excess load of workers
B
Disinvestment of public sector share holding
C
Referring sick units to BIFR
D
All of the above
Question 13
Difference between final sales value and separable costs is equal to
A
net income
B
net realizable value
C
Gross margin
D
Gross realizable value
Question 14
What are the offences which cannot be permitted to compound in GST?
  1. Repetition of the offences serial numbered as 1 to 7 u/s.73
  2. Repetition of the abetment in the case of the major offences listed u/s.73
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
i, ii, iii & iv
Question 15
Motivational process and not the motivators as such is associated with the
A
Need hierarchy theory
B
Two-factor theory
C
ERG Theory
D
Expectancy theory
Question 16
..... is an important consideration for setting up an office.
A
Office accommodation
B
Office location
C
Closed office
D
Public office
Question 17
Process costing is also known as.costing.
A
multiple
B
batch
C
Continuous
D
job
Question 18
Should receipt be given when samples are taken by the department?
A
Yes
B
No
C
No need for receipt
D
None of the above
Question 19
Which of the following is non-profit organization?
A
Sole proprietorship
B
Partnership
C
Limited company
D
Trust
Question 20
Which of the following is not a characteristic of a 'price taker'?
A
TR = P x Q
B
AR = Price
C
Negatively sloped demand
D
Marginal Revenue = Price
There are 20 questions to complete.

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