Commerce online quiz 190

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।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Products, divisions and customers are examples of
A
revenue increment
B
reciprocal revenue
C
revenue allocation
D
revenue object
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
First Return filed under GST is
A
GSTR-1
B
GSTR-3A
C
GSTR-2
D
GSTR-3B E. GSTR-4
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Second mortgages pledged against bond's security are referred as
A
loan mortgages
B
medium mortgages
C
senior mortgages
D
junior mortgages
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A favourable variance will arise when capital revenues are.....than expected.
A
Less
B
More
C
Lesser
D
None of the above
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An unlimited liability is classified as liabilities of the
A
limited partners
B
general partners
C
venture partners
D
corporate partners
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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.

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