Commerce online quiz 160

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Effective cost of debentures is..... as compared to shares.
A
higher
B
lower
C
equal
D
medium
Question 2
Out of the following, what is not true in respect of factoring?
A
Continuous Arrangement between Factor and Seller
B
Sale of Receivables to the factor
C
Factor provides cost free finance to seller
D
None of the above.
Question 3
Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the
A
wages
B
number of products produced
C
number of workers
D
Number of hours
Question 4
Cost accounting is based on.....figures.
A
Estimated
B
historical
C
actual
D
none of these.
Question 5
Wider span of control is effective in organization where-
A
authority delegation is inadequate
B
tasks are complex
C
thorough subordinate training scheme exists
D
the leadership style is authoritarian
Question 6
The exception to law of demand is
A
Veblen goods
B
Giffen goods
C
Both 'a' and 'b'
D
None
Question 7
Plan of action; how an organization meets its opportunities and capabilities is classified as
A
action plan
B
strategy
C
step wise plan
D
complex plan
Question 8
What is the effect if the parliament annuls the rules/ notifications issued by government? (i) It is as good as no rules/ notifications were issued by the government (ii) The rules/ notifications issued by the government would be effective for the period
A
Only i & ii
B
Only i & iv
C
Only ii & iv
D
Only ii & iii
Question 9
In 'make or buy' decision, it is profitable to buy from outside only when the supplier's price is below the firm's own.....
A
Fixed Cost
B
Variable Cost
C
Total Cost
D
Prime Cost
Question 10
An alternative term used for accumulated depreciation expenses?
A
Provision for depreciation
B
Cumulative depreciation
C
Targeted depreciation
D
Depletion
Question 11
The notice period required for conducting a departmental audit?
A
At least 7 working days
B
At least 15 working days
C
At least 21 working days
D
At least 30 working days
Question 12
Right shares are the shares
A
Issued by a newly formed company
B
Legally issued to the public at large
C
Offered to the existing equity shareholders
D
That have a right of redemption
Question 13
Full fledged money changers are authorized to undertake
A
only sale transactions
B
only purchase transactions
C
all types of foreign exchange transactions
D
purchase and sale of foreign currency notes, coins and travelers cheques
Question 14
Parties to a bill of exchange are
A
Drawer
B
Drawee
C
Payee
D
All of the above
Question 15
ITC includes tax payable under..... also
A
VAT
B
Reverse charge
C
Excise
D
Customers
Question 16
An estimated coefficient, which indicates degree by which estimated values are affected by random factors is known as
A
standard error of estimated coefficient
B
weighted error of estimated coefficient
C
average of estimated coefficient
D
variance of estimated coefficient
Question 17
What will be the time period applicable for advance ruling?
A
The financial years covered under Advance Rulings
B
3 years from the date of advance ruling
C
Till the date when the law, facts or circumstances changes
D
5 years from the date of advance ruling
Question 18
..... is a separate legal entity whose total capital can be divided into many shares
A
Partnership
B
Sole Proprietorship
C
Company
D
Non-profit organization
Question 19
What is outsourcing of production and concentrating on marketing operations in international business, known as?
A
Licensing
B
Franchising
C
Contract manufacturing
D
Joint venture
Question 20
..... means a fraction of the capital of a company.
A
Stock
B
Exchange
C
Bear
D
Stag
There are 20 questions to complete.

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