Commerce online quiz 167

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Under which act does RBI issue directives to banks?
A
PMLA Act, 2002
B
RBI Act, 1934
C
DICGC Act, 1961
D
Banking Regulation Act, 1949
Question 2
Treasury yielded by bond is 7% and market required return is 13% then market risk premium will be
A
2.16%
B
20.00%
C
6.00%
D
0.53%
Question 3
A specialised agency of the UNO can claim refund of tax paid on.....
A
Intra-State supply of goods and/or services
B
Inter-state supply of goods and/or services
C
Inward supply of goods and/or services
D
All of the above
Question 4
Mechanistic Structures are designed to-
A
promote flexibility and quick responses to fast changing situations
B
induce people to behave in predictable and accountable manner
C
make people happy by assigning specific tasks to them
D
perform assigned tasks within the scheduled time
Question 5
Which one of the following is correct
  1. A ratio is an arithmetical relationship of one number to another number.
  2. Liquid ratio is also known as acid test ratio.
  3. Role of thumb for current ratio is 2: 1
A
Only (i), (ii) and (iii) are correct.
B
Only (ii), (iii) and (iv) are correct.
C
Only (ii) and (iii) are correct.
D
All of the above.
Question 6
Consider the following documents? (a) Audit Report (b) Audit Note-book (c) Audit Programme (d) Audit Files The correct sequence in which the Auditor prepares these documents is?
A
(c) (b) (d) (a)
B
(d) (c) (a) (b)
C
(c) (a) (d) (b)
D
(a) (b) (c) (d)
Question 7
Salary paid to general manager is an item of.....expenses.
A
Fixed
B
Variable
C
semi-variable
D
estimated
Question 8
..... layout is not flexible.
A
Product
B
stationary
C
functional
D
combined
Question 9
Amount incurred on electric installations of a new building is
A
revenue expenditure
B
Capital expenditure,
C
Deferred revenue expenditure
D
capital loss
Question 10
If flexible budget amount is $82000 and actual result is $45000 then flexible budget amount will be
A
$97, 000
B
$87, 000
C
$27, 000
D
$37, 000
Question 11
The jurisdiction of a state settlement commission will be:
A
Single State Only
B
One or More States
C
Either of the Above
D
None of the Above
Question 12
If any by-product is produced and sold it is credited to.....
A
profit and loss a/c
B
by-product a/c
C
process a/c
D
abnormal gain a/c
Question 13
In income statement, gross profit is always equal to
A
Sales-expenses
B
Income-expenses
C
Sales-cost of goods sold
D
Sales-selling costs
Question 14
Who propounded the opportunity cost theory of international trade?
A
Ricardo
B
Marshall
C
Heckscher & Ohlin
D
Haberler
Question 15
For estimation of each cost pool for cost function, attention must be paid to
A
cost object hierarchy
B
management hierarchy
C
price hierarchy
D
cost hierarchy
Question 16
Drawings by owner of business are generally recorded on which of the following side of a cash book?
A
Receipts
B
Payments
C
Incomes
D
Expenditures
Question 17
At shut down point
A
Price is equal to AVC
B
Total revenue is equal to TVC
C
Total loss of the firm is equal to TFC
D
All of the above
Question 18
Gross domestic product, world economy strength and level of inflation are factors which is used to determine
A
market realized return
B
portfolio realized return
C
portfolio arbitrage risk
D
arbitrage theory of return
Question 19
Expected capital gain is Rs 20 and expected final price is Rs 50 then original investment will be
A
Rs 30.00
B
-Rs 30.00
C
Rs 70.00
D
-Rs 70.00
Question 20
If the gross profit is Rs. 11, 000, administrative expenses are Rs. 3, 000 and miscellaneous income is Rs. 700, the net profit will be.....
A
8700
B
11000
C
8300
D
11300
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *