Commerce online quiz 189

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Material should be issued by the store keeper against.
A
Material requisition
B
bill of materials
C
both a & b
D
none of these
Question 2
Amount of..... is deducted from the value of respective assets in the balance sheet.
A
depreciation
B
gross value
C
net value
D
none of these
Question 3
Price per share is Rs 25 and cash flow per share is Rs 6 then price to cash flow ratio would be
A
0.24 times
B
4.16 times
C
4.16%
D
24.00%
Question 4
Which of the following is not considered to be a drawback of Internet auctions?
A
market inefficiency
B
trust risks
C
fulfillment costs
D
delayed consumption costs
Question 5
Which one is communication channel security protocol?
A
SSL
B
S-HTTP
C
SET
D
ALL OF THE ABOVE
Question 6
Planning includes-
A
Objectives
B
Policy
C
Strategy
D
All of the above
Question 7
Consider the following categories of documentary evidence from the point of view of the degree of their reliability.
  1. Documentary evidence originating from and held by the entity.
  2. Documentary evidence originating
A
4, 1, 3, 2
B
3, 2, 4, 1
C
4. 2, 3, 1
D
3, 1, 4, 2
Question 8
The total value of the products and services marketed by a nation is called:
A
Gross Domestic Product.
B
Gross National Product.
C
National Income
D
Per capita income.
Question 9
Which of the following changes would constitute valid accounting transactions
A
increase in a liability, increase in an asset
B
increase in an asset decrease in proprietorship
C
increase in a liability, decrease in an asset
D
all of the above.
Question 10
Match List I (Provision of partnership act) with List II (Matters with which the provision are released) and select the correct answer using the codes given below the lists: List-I List-II 1. lnterest must be allowed @ 6% p.a. (a) Drawings of partner
A
1-a, 2-c, 3-b, 4-d
B
1-d, 2-c, 3-b, 4-a
C
1-c, 2-b, 3-d, 4-a
D
1-d, 2-c, 3-a, 4-b
Question 11
Some economists refer to iso-product curves as
A
Engels curve
B
Production indifference curve
C
Budget line
D
Ridge line
Question 12
Which bank launches first homegrown economic index?
A
ICICI
B
BOB
C
SBI
D
PNB
Question 13
An estimation by marginal investor, a higher expected return is earned on
A
more risky securities
B
less risky securities
C
less premium
D
high premium
Question 14
Study of demand over two periods is called
A
Static
B
Comparative static
C
Dynamic
D
None of these
Question 15
If a taxable person is arrested for a non-cognizable offence (Bail able Offence), who will be the empowered officer to release him on bail?
A
Commissioner of CGST/SGST
B
Deputy Commissioner/Assistant Commissioner of CGST/SGST
C
Joint Commissioner of CGST/SGST
D
Any of the Above
Question 16
The New Capital Adequacy Frame work prescribed for the banks is commonly known as?
A
KYC norms
B
Credit Policy
C
Basel accord
D
Fiscal Policy
Question 17
Mr. Y residing in Ahmedabad appoints an architect in Delhi to provide Indian traditional home design for his proposed construction at Los Angeles, the place of supply of service is
A
Los Angeles
B
Ahmedabad
C
Delhi
D
Mumbai
Question 18
Direct cost assignment for specific cost object is classified as
A
cost object line cost
B
cost tracing
C
cost object indirect cost
D
cost object staff cost
Question 19
Accounting principles are generally based on
A
objectivity
B
subjectivity
C
convenience and personal interpretation
D
none of the above.
Question 20
A member of a company is.....
A
Promoter
B
Registered shareholder
C
Director
D
Broker
There are 20 questions to complete.

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