Commerce online quiz 169

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Posting the right person at the right place is called.....
A
Recruitment
B
Coaching
C
Deployment
D
Induction
Question 2
Land on lease should be shown in Blance sheet contrary to the fact that the company does not own that piece of land is the implementation of which accounting concept?
A
Matchig concept
B
Accrual concept
C
Prudence concept
D
Substance over form concept
Question 3
Schedule of expected disbursements and cash receipts is considered as
A
planned schedule
B
cash budget
C
market budget
D
price schedule
Question 4
Material control does not cover the following stage.
A
Purchase of materials
B
storing of materials
C
issue of materials
D
production
Question 5
On the basis of the size and composition of external debt, world bank has classified India as a
A
heavily indebted country
B
moderate indebted country
C
Less indebted country
D
Severely indebted country.
Question 6
Stage in production process, where manufactured goods are checked; whether units are acceptable or not is classified as
A
rework point
B
inspection point
C
spoilage point
D
scrap point
Question 7
Bank Reconciliation statement is prepared by
A
Accountant of business
B
Manager of business
C
Controller of business
D
Accountant of the bank
Question 8
Which of the following applies to the implementation of an idea?
A
Copyright
B
Intellectual property
C
Patent
D
Denial-of-service attack
Question 9
Much popular computers are.....
A
analog
B
digital
C
electronic
D
log
Question 10
What are the consequences of obtaining registration by misrepresentation?
A
Liable to cancellation of registration by proper officer.
B
Liable to fine not exceeding Rs. 1, 000, 000/-
C
Imprisonment for a period of 6 months to 3 years.
D
Both (b) and (c)
Question 11
In case of any ambiguity where place of supply of goods cannot be determined as provided in IGST Act, 2016 who will determine the place of supply?
A
Central Government on recommendation of the Council
B
State and Central Government on recommendation of the Council
C
State Government or Central Government as may be prescribed
D
In a manner as may be prescribed
Question 12
Which of the following is NOT considered a money market instrument?
A
Treasury bills
B
Repurchase Agreement
C
Certificate of Deposit
D
Shares and bonds
Question 13
Bookkeeping mainly consists of which part of accounting process?
A
Analysing
B
Preparing financial statements
C
Recording financial information
D
Auditing the books of accounts
Question 14
Packing cost is.....
A
production cost
B
selling cost
C
administration cost
D
distribution cost
Question 15
Purchase book records
A
All purchases of goods
B
All cash purchases of goods
C
All credit purchases of goods
D
None of these
Question 16
Buying of goods or materials for production in a way that they are delivered directly on manufacturing facility of company is called
A
economic order quantity purchasing
B
annual purchasing
C
just in time purchasing
D
both a and b
Question 17
Budget, which predicts effect of given level of operations on a cash position is classified as
A
market budget
B
price schedule
C
planned schedule
D
cash budget
Question 18
Which of the following activity is undertaken by EXIM Bank?
A
Export Credit
B
Film Finance
C
Financing under PMEGP
D
SME and Agriculture Finance
Question 19
What are materials that are necessary for running a modern corporation, but do not relate to the company's primary business activities?
A
Direct materials
B
Indirect materials
C
EDI
D
None of the above
Question 20
Financial security in which there is no default risk and issues by U.S governments is classified as
A
U.S treasury bonds
B
mortgages
C
municipal bonds
D
corporate bonds
There are 20 questions to complete.

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