Commerce online quiz 185

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।)
Suppose, the IGST Credit of ' 5/-Lakhs has been cross utilised to settle the SGST OPT of ' 5/-Lakhs of a Kerala Dealer. The fund transfer will be:
A
5/-Lakhs from IGST Fund will be transferred by Central government In to Kerala SGST Fund
B
5/-Lakhs from SGST Fund will be transferred by Kerala government in to Central IGST Fund
C
5/-Lakhs from CGST Fund will be transferred by Central government in to Kerala SGST Fund
D
No Fund Transfer at all.
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An assumption of specification analysis states: any observation does not belong to any other observation's residual value, is classified as
A
independence of residuals
B
dependence of residuals
C
independence of correlation
D
dependence of residuals
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An important aspect of control is that the:
A
manager motivates his subordinates to give better performance
B
manager sets an effective management information system
C
plans are checked before implementation against predetermined measures of performance
D
performance is checked against predetermined standards
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
cost object user, who is ranked first in incremental cost allocation method is known as
A
First incremental user
B
primary user
C
secondary user
D
second incremental user
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If payment of security is paid as Rs 100 at end of year for three years, it is an example of
A
fixed payment investment
B
lump sum amount
C
fixed interval investment
D
annuity
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
All expenses incurred by the proprietor which are not related to business are treated as.....
A
withdrawal
B
drawings
C
remittances
D
none of these
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Incomes which accrue or arise outside India but are received directly into India are taxable in case of
A
Resident only
B
Both ordinarily resident and NOR
C
Non-resident
D
All the assesses
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An economic theory is
A
An axiom
B
A proposition
C
A hypothesis
D
A tested hypothesis
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour and work for 9500 actual hours at $110 per hour, then total cost would be
A
$2, 078, 000
B
$3, 078, 000
C
$2, 065, 000
D
$3, 065, 000
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The average of the nos. 2, 4, 6, 8, 10, 12, 14 and 16 is-
A
9
B
10.2
C
8.6
D
11
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The price at which a market maker is prepared to buy (a currency) or borrow (money) is termed as
A
spot rate
B
bid rate
C
ask price
D
forward rate
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The process of recording transactions in a journal is known as.....
A
recording
B
journalizing
C
posting
D
balancing
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cost of goods available for sale-closing inventory =?
A
Opening inventiry
B
Cost of opening finished goods inventory
C
Work in progress ending inventory
D
Cost of goods sold
Question 14 (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 producer good?
A
Pen
B
Cycle
C
Mobile phone
D
Hammer
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Assertion (A): Section 205 of the Companies Act makes it obligatory for every company to make provision for depreciation. Reason (R): Depreciation is a charge against revenue.
A
Both A and R are true and R is the correct explanation of A
B
Both A and R are true but R is NOT a correct explanation of A
C
A is true but R is false
D
A is false but R is true
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Bonds which are more risky than corporate bonds and are issued by major corporations are classified as
A
common stocks
B
corporate stocks
C
leases
D
preferred stocks
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In mutually exclusive projects, project which is selected for comparison with others must have
A
higher net present value
B
lower net present value
C
zero net present value
D
all of above
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What is the correct sequence of the following functions of a manager in an organisation?
  1. Motivation
  2. Controlling
  3. Organising
  4. Planning
Select the correct answer using the codes given below.
A
4, 3, 2, 1
B
4, 3, 1, 2
C
3, 4, 2, 1
D
3, 4, 1, 2
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Journals are also referred to as
A
Book of entries
B
Book of original entries
C
T account
D
Book of economic events
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The comparative cost Advantage theory was given by
A
David Ricardo
B
Adam smith
C
Raymond Vernon
D
Michael E. Parter
There are 20 questions to complete.

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