Commerce online quiz 172

By | August 21, 2018

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10000 MCQ /questions on commerce questions answers

Question 1 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Risk of fall in income due to fall in interest rates in future is classified as
A
income risk
B
investment risk
C
reinvestment risk
D
mature risk
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
When should the opportunity of being heard be given to applicant or the appellant for rectification of advance ruling?
A
If the rectification has the effect of enhancing the tax liability. Advance Ruling 213 Indirect Taxes Committee
B
If the rectification has the effect of reducing the amount of admissible input tax credit.
C
(a) or (b)
D
None of the above
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The value of SDR tends to be more stable than that of any single currency in the "Standard basket valuation" because
A
It is internationally accepted measure
B
It is a weighted average of the exchange rates of the five major currencies.
C
Both (A) and (B)
D
It is an imaginary currency.
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..costing is a type or technique of costing.
A
multiple
B
batch
C
Marginal
D
job
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Costs of all activities for a group of products, rather than individual product can be classified as
A
activity level costs
B
input level costs
C
batch level costs
D
output level costs
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The drawer of a cheque is always a
A
bank
B
company
C
Firm
D
customer
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..... states that assets equal liabilities plus capital.
A
accounting equation
B
financial equation
C
statements
D
none of these
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
.....is maintained to know how the worker's time shown by the time card is spent on various jobs.
A
Daily time sheets
B
weekly time sheets
C
job cards
D
none of the above
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Toy manufacturing industry should use.....
A
unit costing
B
process costing
C
batch costing
D
multiple costing
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Accounts are required to be maintained in
A
Manual form
B
Electronic form
C
Manual and electronic form
D
Manual or electronic form
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
SEZ policy in India is motivated by the experience of
A
Japan
B
China
C
USA
D
Germany
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Land only
A
Is a free gift of nature
B
Lacks geographical mobility
C
Is not hirable
D
a' and 'b' both
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which section provides tax-free movement for sending inputs and/or capital for job worker?
A
20
B
55
C
175
D
143
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The bank account of a non-resident of a country, where the amount of currency in the account cannot be transferred to another country is called as
A
Nostro account
B
Blocked Account
C
Foreign account
D
Capital account
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Should the principal referred to in Section 143 be registered?
A
Yes
B
No
C
Principal should not be registered
D
None of the above
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
More MCQs on Foreign Exchange Management 1.The forward US dollar is quoted at premium against Indian Rupees. This implies
A
Money market rates are higher in India than in the US.
B
Money market rates are lower in India than in the US.
C
Market yield is higher in US than in India.
D
Dollar has a better value than Indian Rupee.
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In pure play method, a company can calculate its own cost of capital with help of averaging an
A
other company capital policy
B
other company beta
C
other company cost
D
other division cost
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If sales are Rs. 60, 000 gross profit is 1/3 of cost, purchases are Rs. 49, 000 and closing stock is Rs. 9, 000, then opening stock will be
A
Rs. 5, 000
B
Rs. 20, 000
C
Rs. 15, 000
D
Nil.
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Globalisation means
A
Setting of firms branches in other countries
B
Adopting a global outlook
C
Earning profit from Exports
D
Attracting foreign investment
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A cost unit is.....
A
the cost per machine hour
B
the cost per labour hour
C
a unit of production or service in relation to which costs are ascertained
D
a measure of work output in a standard hour
There are 20 questions to complete.

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