Commerce online quiz 173

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।)
As per RBI directives, the limit for not obtaining collateral security in case of advance to micro and small enterprises is Rs.....
A
Rs 1 lac
B
Rs 2 lac
C
Rs 5 lac
D
Rs 10 lac
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Budgeting system.....key managerial functions.
A
Dismisses
B
integrates
C
discharges
D
none of these
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The gross profit ratio is the ratio of gross profit to
A
Net cash sales
B
Net credit sales
C
Closing stock
D
Net total sales
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Basic objective of cost accounting is.....
A
tax compliance.
B
financial audit.
C
cost ascertainment.
D
profit analysis.
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is a service department?
A
Refining department
B
Machining department
C
Receiving department
D
Finishing department
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Who among the following are not entitled to take credit on inputs held in stock under sub-section (3) of section 140?
A
First and second stage dealers
B
Manufacturers of exempted goods
C
SSI manufacturers having turnover below 90 lakhs.
D
SSI manufacturer having turnover above 90 lakhs.
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Does cancellation of registration under CGST affect the liability under SGST/IGST for period prior to cancellation of registration?
A
Cancellation of registration will immune his liability under CGST only.
B
Cancellation of registration will immune his liability under IGST only.
C
Cancellation of registration will immune his liability under SGST and CGST but not under IGST.
D
Cancellation does not affect the liability of taxable person to pay tax and other dues under CGST/SGST/IGST Act.
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A recovery of bad debt
A
increases net income
B
decreases net income
C
increases gross profit
D
increases gross profit and net income
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Narrations are given at the end of
A
Final accounts
B
Trial Balance
C
Each Ledger account
D
Each journal entry
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
HSN Code Stands for
A
Home Shopping Network
B
Harmonised System of Nomenclature
C
Harmonised System Number
D
Home State Number
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A company having easy access to the capital markets can follow a..... dividend policy
A
liberal
B
formal
C
strict
D
Varying
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Beta coefficient is used to measure market risk which is an index of
A
coefficient risk volatility
B
market risk volatility
C
stock market volatility
D
portfolio market portfolio
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Low default-risk security issued by financially secure firms is classified as
A
U.S treasury bills
B
commercial paper
C
certificate of deposit
D
mutual funds
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In monopolistic competition, a firm is in long run equilibrium
A
At the minimum point of the LAC curve
B
In the declining segment of the LAC curve
C
In the rising segment of the LAC curve
D
When price is equal to marginal cost
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Department which directly adds value to product or service is known as
A
production department
B
operating department
C
allocation base department
D
both a and b
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Type of plan of a company, which quantities expectations of cash flows, income and financial position is known as
A
budget
B
batching
C
complexity
D
process
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Risk lover's utility curves have.....
A
Positive slope
B
Negative slope
C
Convex to the origin
D
Negative slope and convex to the origin
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Statements:
  1. High morale always leads to high productivity.
  2. High Morale need not necessarily lead to high productivity.
A
(i) is correct, (ii) is incorrect.
B
(i) is incorrect (ii) is correct.
C
Both are correct.
D
Both are incorrect.
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In vertical filing system, files or folders are kept.....
A
one upon the other
B
in standing upright position
C
in packets or large envelopes
D
in a cupboard, divided into a number of small compartments
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Who invented the first operational ATM?
A
John Canner
B
John Smith
C
John Shepherd-Barron
D
John Carter
There are 20 questions to complete.

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