Commerce online quiz 17

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Budgeted direct labour hours are multiplied to direct labour cost rate to calculate
A
expected total direct labour cost
B
budgeted total direct labour cost
C
budgeted total indirect labour cost
D
expected labour hours
Question 2
Marginal revenue is always less than price at all levels of output in
A
Perfect competition
B
Monopoly
C
Both 'a' and 'b'
D
None of the above
Question 3
AT Co makes a single product and is preparing its material usage budget for next year Each unit of product requires 2kg of material, and 5, 000 units of product are to be produced next year Opening inventory of material is budgeted to be 800 kg and AT co
A
8, 000 Kg
B
9, 840 kg
C
10, 000 Kg
D
10, 160 Kg
Question 4
By which act government checks restrictive trade?
A
Industrial Policy Act 1991
B
MRTP Act
C
FEMA act
D
None of these
Question 5
Can the unutilized input tax credit be transferred in case of change in constitution of business?
A
Not possible
B
No, it will be exhausted
C
Yes, It will be transferred only if there is provision for transfer of liabilities
D
It will be transferred only if it is shown in books of Accounts of transferor
Question 6
A loss is a revenue loss because
A
It is incurred to reduce the tax liability
B
It arises due to normal reasons
C
It relates to current assets
D
None of these.
Question 7
What is deemed to be the date of deposit in the electronic cash ledger?
A
Date on which amount gets debited in the account of the taxable person
B
Date on which payment is initiated and approved by the taxable person
C
Date of credit to the account of the appropriate Government
D
Earliest of the above three dates
Question 8
Costs associated with the labour turnover can be categorised into:
A
Preventive Costs only
B
Replacement costs only
C
Both of the above
D
Machine costs
Question 9
Indian Banking Regulation Act was passed in the yea?
A
1971
B
1969
C
1949
D
1947
Question 10
Statistics is the-
A
Science of Counting
B
Science of Averages
C
Arithmetic of human welfare
D
All of the above
Question 11
Net asset value takes into account.....
A
both realized and unrealized capital gains
B
only realized capital gains
C
only unrealized capital gains
D
neither realized nor unrealized capital gains.
Question 12
Which is the most important component of IT?
A
Information
B
People
C
Information technology
D
Computers
Question 13
The viruses spreads through.....
A
Mails
B
Pen drives and cds
C
Websites
D
All the above
Question 14
An amount invested is Rs 2000 and return is Rs 200 then rate of return would be
A
0.10%
B
10.00%
C
Rs 1, 800.00
D
Rs 2, 200.00
Question 15
The Reserve Bank of India does NOT decide the.....
A
Rate of Repo and Reverse Repo
B
Marginal Standing Facility Rates
C
Rate of Dearness Allowance to Govt Employees
D
Statutory Liquidity Ratio
Question 16
The authority is decentralized in which leadership style?
A
positive style
B
negative style
C
free-rain style
D
democratic style
Question 17
Main use of Shelf list is
A
Cataloging
B
Circulation
C
Stock Verification
D
Book Selection
Question 18
Law of return applies to firms working in
A
Perfect competition
B
Monopoly
C
Small firm
D
All kinds of market situations
Question 19
Cartels under oligopoly do not survive for long because of
A
Inter firm rivalry
B
Low profit
C
High cost of marketing
D
Heavy loss
Question 20
Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future?
A
Bombay Stock Exchange (BSE)
B
Indian Banks Association (IBA)
C
Securities Exchange Board of India (SEBI)
D
Reserve Bank of India (RBI)
There are 20 questions to complete.

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