Commerce online quiz 187

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Interim Dividend is shown-
A
In Profit and Loss Account
B
In Profit and Loss Appropriation Account
C
On Asset side of Balance Sheet
D
On Liabilities side of Balance Sheet
Question 2
Wages paid to a labour who was engaged in production activities can be termed as.....
A
direct cost
B
indirect cost
C
sunk cost
D
imputed cost
Question 3
Revenue is generally recognized as being earned at the point of time
A
sale is made and ownership of goods transferred
B
cash is received
C
production is completed
D
sales are effected or cash is received, whichever is earlier.
Question 4
Two mutually exclusive projects with different economic lives can be compared on the basis of
A
Internal Rate of Return
B
Profitability Index
C
Net Present Value
D
Equivalent Annuity value
Question 5
The amount brought in by the proprietor in the business shall be credited to
A
Cash account
B
Capital account
C
Drawings account
D
None of these
Question 6
The assessment made on occasion of the failure of a dealer to compute the taxable value or to make correct classification of the supplies based on a specific rate of tax is termed as:
A
Self assessment
B
Provisional Assessment
C
Best Judgment Assessment
D
Protective Assessment
Question 7
Debit note is the basis for recording a transaction in which of the following journals?
A
General journal
B
Cash journal
C
Purchase journal
D
Purchase return journal
Question 8
If the actual loss is more than the estimated normal loss, then it is.....
A
abnormal loss
B
normal loss
C
seasonal loss
D
abnormal gain
Question 9
The integration of the computer with manufacturing is called
A
CAM
B
CAD
C
Computer Integrated Manufacturing
D
All of the above
Question 10
The Government Securities are not issued through-
A
Auction
B
Contract
C
Sale
D
Private placement with the RBI
Question 11
Investors seeking to avoid actively managing their portfolios will prefer which of the following assets?
A
Common stock
B
Commercial bank deposits
C
Financial futures
D
Real estate
Question 12
Modified rate of return and modified internal rate of return with exceed cost of capital if net present value is
A
positive
B
negative
C
zero
D
one
Question 13
Many times we read the term 'ECB' in newspapers. What is the full form of 'ECB'?
A
Essential Commercial Banking
B
European Credit Borrowing
C
External Credit For Business
D
External Commercial Borrowing
Question 14
Given that current liabilities are at Rs. 300, 000, current ratio is 3:1 and quick ratio is 1:1, the value of stock will be:
A
Rs. 600, 000
B
Rs. 1, 600, 000
C
Rs. 900, 000
D
Rs. 12, 00, 000
Question 15
Depletion method of depreciation is used in case of-
A
Cattle, Loose Tools, etc.
B
Mines, Quarries, etc.
C
Machinery, Building, etc.
D
Books
Question 16
The return on investment (ROI) may be calculated as
A
Net profit before interest, tax and dividend / Capital employed
B
Net profit after interest, tax and dividend / Shareholder's fund
C
( Net profit-preference dividend )/ No. of equity shares
D
Return on Investment / Net profit ratio
Question 17
According to Malthus, population increases by progression of which kind?
A
Systematic
B
Arithmetic
C
Geometric
D
Automatic
Question 18
In corporation characteristics, an easy transferring and division of stock of shares is classified as
A
ownership interest transferability
B
deceased transferability
C
shared division
D
deceased division
Question 19
The cost of a small calculator is treated as an expense and not shown as an asset in a financial statement of a business entity due to
A
Materiality concept
B
Matching concept
C
Periodicity concept
D
Conservatism concept
Question 20
Which of the following has asked all the banks to form customer service panels at branch levels?
A
SEBI
B
IBA
C
RBI
D
FICCI
There are 20 questions to complete.

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