Commerce online quiz 175

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Halsey premium plan is.....
A
individual incentive scheme
B
group incentive scheme
C
time and piece wage system
D
differential piece wage system
Question 2
Franking machine is used in.....
A
bank
B
post office
C
school
D
colleges
Question 3
If the customer can do all transactions only in a branch and the branch has no online access, it is called.....
A
Online Banking
B
Internet Banking
C
Virtual Banking
D
Brick and Mortar Banking
Question 4
A model in which behavior of asset returns is measured for set of risk factors and market risk is classified as
A
factorization model
B
Two factor model
C
multifactor model
D
quoted factor model
Question 5
A company's break even point is 6, 000 units per annum. The selling price is Rs 90 per unit and the variable cost is Rs 40 per unit. What are the company's annual fixed costs?
A
Rs 120
B
Rs 2, 40, 000
C
Rs 3, 00, 000
D
Rs 5, 40, 000
Question 6
If 50% increase in the price of a commodity leads to only 10% reduction in demand, then such demand wilt be?
A
Inelastic demand
B
Perfectly elastic demand
C
Perfectly inelastic demand
D
Highly elastic demand
Question 7
Impact of change in demand in one sector on other sectors is studied by
A
General equilibrium
B
Partial equilibrium
C
Both (a) and (b)
D
None of these
Question 8
Which of the following statements are correct? (i) Revocation of cancellation of registration under CGST/SGST Act shall be deemed to be a revocation of cancellation of registration under SGST/CGST Act. (ii) Cancellation of registration under CGST/SGST Ac
A
(i) & (ii)
B
(iii) & (iv)
C
(i), (ii) & (iii)
D
(i), (ii), (iii) & (iv)
Question 9
If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then selling price variance will be
A
$45, 000
B
$55, 000
C
$75, 000
D
$65, 000
Question 10
Prior to the conduct of audit u/s 65 the registered person shall be informed, by way of a notice, sufficiently in advance:
A
not less than fifteen working days.
B
not less than thirty working days.
C
not less than ten working days.
D
No prior intimation required.
Question 11
An uncovered cost at start of year is Rs 200, full cash flow during recovery year is Rs 400 and prior years to full recovery is 3 then payback would be
A
5 years
B
3.5 years
C
4 years
D
4.5 years
Question 12
In estimation of cost functions, variations in a single activity level represents the
A
related total costs
B
related fixed cost
C
related variable cost
D
related per unit cost
Question 13
Sales on credit is recorded in which of the following journal?
A
Purchase journal
B
Sales journal
C
Purchase return journal
D
Sales return journal
Question 14
In financial planning, most high option price will lead to
A
longer option period
B
smaller option period
C
lesser price
D
higher price
Question 15
Under Merrick's multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between.....of the standard output.
A
83% and 100%
B
100% and 120%
C
0% and 83%
D
none of these
Question 16
Economic activities are related to.....
A
Production of wealth
B
Satisfy ones urge
C
Undertaking social service
D
Social service
Question 17
A gross profit is transferred to the.....side of the P/L A/c.
A
debit
B
credit
C
cost
D
none of these
Question 18
AS-10 (Accounting Standard on Fixed Assets) does not deal with accounting for the following items to which special considerations apply
A
Forests, plantations and similar regenerative natural resources
B
Wasting assets including material rights, expenditure on the exploration for and extraction of minerals, oil, natural gas and similar non-regenerative resources
C
Expenditure on real estate development and livestock
D
None of the above
Question 19
CG Co manufactures a single product T. Budgeted production output of product T during June is 200 units. Each unit of product T requires 6 labour hours for completion and CG Co anticipates 20 per cent idle time. Labour is paid at a rate of Rs7 per hour.
A
Rs. 6, 720
B
Rs. 8400
C
Rs. 10080
D
Rs. 10500
Question 20
Security merchants dealing in shares, independent operators are called.....
A
Brokers
B
Jobber
C
tarawaniwalas
D
mandiwalas
There are 20 questions to complete.

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