Commerce online quiz 171

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
It describes the law of supply
A
Supply curve
B
Supply schedule
C
Supply equation
D
All of the above
Question 2
In fund accounting, ..... fund can not be used for other purposes.
A
Recurring
B
Non-recurring
C
Restricted
D
Encumbering
Question 3
Assertion (A). Employee development is more future oriented and more concerned with education than employee training. Reason (R). Apprenticeship programme is one of the widely used off the job training method.
A
(A) and (R) both are the correct.
B
(A) and (R) both are the incorrect.
C
(A) is correct but (R) is incorrect.
D
(A) is incorrect but (R) is correct.
Question 4
Appeal before the appellate authority can be filed within how many days?
A
30 days
B
60 days
C
90 days
D
120 days
Question 5
In asset portfolio, number of stocks are increased to
A
reduce return
B
reduce average
C
reduce risk
D
increase prices
Question 6
The Doing Business Report" is prepared by which of the following organizations every year?
A
World Bank
B
Asian Development Bank (ADB)
C
International Monetary Fund (IMF)
D
World Trade Organization (WTO)
Question 7
CTS is new format bank cheques. 'T' stands for
A
Transferable
B
Truncation
C
Transaction
D
None of the above
Question 8
Material Price Variance = Actual Usage (.....)
A
Standard price
B
Standard unit price-actual unit price
C
Actual price
D
Standard usage
Question 9
The headquarters of GST council is.....
A
Mumbai
B
New Delhi
C
Ahmadabad
D
Hyderabad E. Lucknow
Question 10
If cost incurred for work in process inventory is $350000 and total equivalent units completed till date are 3500, then weighted average cost will be
A
$10
B
$100
C
$1, 000
D
$1, 200
Question 11
Training information system included
A
Training aids
B
Internal and external faculty
C
Training resources
D
Training needs
Question 12
IGST means.....?
A
Inter-state GST
B
Integrated GST
C
Import GST
D
International GST
Question 13
Giffen goods are those goods
A
For which demand increases as price increases
B
That have a high income elasticity of demand
C
That are in short supply
D
None of the above
Question 14
Method and model used to analyze relationship between rates of return and risk is classified as
A
capital asset pricing model
B
portfolio asset pricing model
C
asset market pricing model
D
portfolio pricing model
Question 15
Statutory cost audit are applicable only to:
A
Firm
B
Company
C
Individual
D
Society
Question 16
Which of the following is the latest buzzword among bankers
A
Social banking
B
Financial inclusion
C
Mass banking
D
None of the above
Question 17
Effective supervision is an activity of
A
Organization function
B
Staffing function
C
Control function
D
Direction function
Question 18
Which one is not normally possible in case of monopoly?
A
MC = MR
B
AC = AR
C
MR = AR
D
MR = P
Question 19
If an overhead cost of operating a machine is $500000 for 1000 hours, then cost allocation rate will be
A
$1500 per machine hour
B
$250 per machine hour
C
$500 per machine hour
D
$1000 per machine hour
Question 20
Which one of the following ratios is most important for judging the long-term solvency of a firm?
A
Debt-Equity Ratio
B
Stock Turnover Ratio
C
Return on Investment
D
Fixed Assets Turnover Ratio
There are 20 questions to complete.

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