Commerce online quiz 161

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Mathematical relationships exist between operating and financing activities that affect master budget are called
A
math plan model
B
financial planning models
C
operating plan models
D
master plan models
Question 2
Pricing model approach in which it is assumed that stock price can have one of two values of stock is classified as
A
valued approach
B
marketability approach
C
stock approach
D
binomial approach
Question 3
Is Input tax to be reversed in case of supply of capital goods
A
Yes fully
B
No
C
Yes, to extent of credit taken as reduced by prescribed percentage or tax on transaction value whichever is higher
D
Yes to the extent of transaction value of such goods
Question 4
Can government make retrospective rules?
A
Yes. But cannot impose penalty for contravention of rules for retrospective period
B
Yes and also can impose penalty for contravention of rules for retrospective period
C
No
D
None of the above
Question 5
Decentralisation of an organization is commanded on account of which of the following advantages?
  1. Reduced burden on top executives
  2. Executive development
  3. Improvement of morale
  4. Solves problems of coordin
A
2 and 3
B
1, 2, and 4
C
1, 2 and 3
D
3 and 4
Question 6
The Head Office of which of the following banks is in Mumbai?
A
Punjab National Bank
B
Bank of Maharashtra
C
UCO Bank
D
Union Bank of India
Question 7
Arrests under GST are to be authorised by.....
A
Asst Commissioner
B
Joint Commissioner
C
Commissioner
D
None of the above
Question 8
Average cost method of valuing material issues is suitable when.....
A
Prices rise
B
prices fall
C
prices fluctuate considerably
D
none of these
Question 9
In the co-operative organization, the voting rights of members are.....
A
in proportion to the capital paid by each member
B
equal, irrespective of amount of capital contribution
C
in proportion to the nominal value of capital held by each member
D
in proportion to the total finance supplied including the amount of loan by each member
Question 10
Stock market theory which states that stocks are in equilibrium and impossible for investors to beat market is classified as an
A
inefficient market hypothesis
B
efficient market hypothesis
C
efficient stock hypothesis
D
inefficient stock hypothesis
Question 11
Partnership may come into existence.....
A
by the operation of law
B
by an express agreement only
C
by an express or implied agreement only
D
by inheritance of property
Question 12
Value of stock is Rs 250 and call option obligation is Rs 100 then current value of portfolio would be
A
Rs 125.00
B
Rs 150.00
C
Rs 350.00
D
Rs 2.50
Question 13
Hewlett-Packard and Microsoft are examples of
A
limited corporate business
B
unlimited corporate business
C
controlled corporate business
D
corporation
Question 14
From the information given below, calculate Debt service coverage Ratio-Net profit after interest and Tax Rs. 40, 000, Depreciation Rs. 5, 000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60, 000. Fixed Interest Charges Rs. 6, 000, Debenture Redemp
A
4.06 times
B
5.06 times
C
6.06 times
D
7.06 times
Question 15
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 (ii) & (iii)
C
Only (ii) & (iv)
D
Only (iii) & (iv)
Question 16
Which of the following is (are) type(s) of Public Limited Companies?
A
Listed companies
B
Non listed companies
C
Private limited companies
D
Both listed and non listed companies
Question 17
Under what circumstances physical verification of business premises is mandatory?
A
Physical verification of business premises is a discretionary power of proper officer.
B
If additional information for registration asked by the proper officer is not submitted within specified time.
C
If certificate of registration is obtained on misrepresentation of facts.
D
If photograph of the business premise is not uploaded in the common portal within specified time.
Question 18
Operating costing is also known as.....costing.
A
Service
B
batch
C
multiple
D
job
Question 19
Debit the receiver and credit the giver is the rule for----..
A
nominal
B
personal
C
real
D
liability
Question 20
In cost terms, direct manufacturing labour cost is included in
A
manufacturing costs
B
prime costs
C
conversion costs
D
both B and C
There are 20 questions to complete.

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