# Commerce online quiz 190

By | August 21, 2018

## 10000 MCQ /questions on commerce questions answers

 Question 1
While making an adjusting entry in respect of interest on capital, we credit-
 A capital account B profit & loss account C interest on capital account D drawing account
 Question 2
The forward exchange rate.....
 A is the rate today for exchanging one currency for another for immediate delivery B is the rate today for exchanging one currency for another at a specific future date C is the rate today for exchanging one currency for another at a specific location on a specific future date D is the rate today for exchanging one currency for another at a specific location for immediate delivery
 Question 3
Products, divisions and customers are examples of
 A revenue increment B reciprocal revenue C revenue allocation D revenue object
 Question 4
In 'Life Insurance Contract' the insurable interest is examined at the time of-
 A Entering the contract B Filing the claim C Both (A) and (B) D Never
 Question 5
What is the full form of 'FINO', a term we see frequently in financial newspapers?
 A Financial Investment Network and Operations B Farmer's Investment in National Organization C Farmers Inclusion News and Operations D Financial Inclusion Network and Operations
 Question 6
Which of the following generally traded on stock exchanges?
 A Unit investment trusts B Closed-end investment companies C Open-end investment companies D All trade on stock exchanges
 Question 7
Call options situation in which strike price is greater than current price of stock is classified as
 A out-of-the-portfolio B in-the-portfolio C in-the-money D out-of-the-money
 Question 8
Which of the following statements about new private sector banks are correct?
 A The stipulation in regard to priority sector lending norms and targets are to be observed by these banks. however, RBI may consider modification in these norms for an initial period B They would be required to open branches at rural / semi-urban centers C Only A D Both A and B
 Question 9
First Return filed under GST is
 A GSTR-1 B GSTR-3A C GSTR-2 D GSTR-3B E. GSTR-4
 Question 10
A company's merchandise, raw materials, finished and unfinished products which have not yet been sold is known as
 A Sales B Purchases C Inventory D Work in progress
 Question 11
Second mortgages pledged against bond's security are referred as
 A loan mortgages B medium mortgages C senior mortgages D junior mortgages
 Question 12
Sales are equal to
 A Cost of goods sold plus profit B Cost of goods sold minus gross profit, C Gross profit minus cost of goods sold, D none of these.
 Question 13
Elasticity of demand measures the
 A Sensitivity of sales to changes in a particular causal factor B Sensitivity of production to changes in a particular cost C Value of price and cost D Volume of product
 Question 14
Which among the following is a function of the Reserve Bank of India?
 A Bank issues the letters of credit to their customers certifying their credibility B Collecting and compilation of statistical information relating to banking & other financial sector C Banks underwrite the securities issued by public or private organizations D Accepting deposits from the public
 Question 15
A favourable variance will arise when capital revenues are.....than expected.
 A Less B More C Lesser D None of the above
 Question 16
You are given the following item (a) Bills Receivables (b) Short-term Investments (c) Debtors (d) Accrued but not received Interest. Which of the following arrangements in the order of liquidity is correct?
 A (a), (b), (c) and (d) B (b), (a), (d) and (c) C (b), (c), (a) and (d) D (c), (a), (d) and (b)
 Question 17
What is the time limit to receive back the tools and dies or jigs and fixtures sent to jobworker's place?
 A 1 year B 3 years C 5 years D No time limit specified under GST
 Question 18
An unlimited liability is classified as liabilities of the
 A limited partners B general partners C venture partners D corporate partners
 Question 19
For investors, steeper slope of indifference curve shows more
 A risk averse investor B risk taker investor C in differential investor D ineffective investment
 Question 20
Match List-I with List-II and select the correct answer: \begin{table}[H]\centering\begin{tabular}{|c|c|}\hline List-I & List-II \\\hline A. G.P. Ratio &1. Convention of conservatism\\\hline B. Cash Budget& 2. Profitability\\\hline C. EOQ &3. Inventory M
 A $A-2, B-4, C-1, D-3$ B $A-4, B-2, C-3, D-1$ C $A-4, B-2, C-1, D-3$ D $A-2, B-4, C-3, D-1$
There are 20 questions to complete.