Commerce online quiz 191

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
An error term, disturbance term or residual term is calculated as
A
U=A-b
B
u=A-a
C
u=Y-y
D
u=X-x
Question 2
Formula of calculation of wages under Halsey Premium System is
A
R + %(S-T)R
B
R x S x T
C
S-T x T x R
D
T x R+ % (S-T) R
Question 3
Under GST, Insurance is taxed..... percent.
A
0%
B
5%
C
12%
D
18% E. 28%
Question 4
First step in developing an operating budget is to
A
identify product
B
identify problem
C
identify quartiles
D
identify percentiles
Question 5
The double entry concept is that
A
assets + liabilities = capital
B
capital-liability = asset
C
capital = assets-liabilities
D
none of the above.
Question 6
Shares traded through stock exchanges are called.....
A
primary market
B
secondary market
C
money market
D
share market
Question 7
A, B, and C are partners in a business. A invested Rs. 10, 000 for 5 months, B invested Rs. 20, 000 for 3 months and C invested Rs. 25, 000 for 4 months. In the end business resulted in a profit of Rs. 6, 300. The share of partners will be as under-
A
A Rs. 2, 000, B Rs. 1, 300, C, Rs. 3, 000
B
A Rs. 1, 500, B Rs. 1, 800, C, Rs. 3, 000
C
A Rs. 3, 000, B Rs. 1, 500, C, Rs. 1, 800
D
A Rs. 1, 800, B Rs. 1, 500, C, Rs. 3, 000
Question 8
The cost of.....process loss is absorbed in the cost of production of good units.
A
Abnormal
B
normal
C
Both (A) and (B)
D
none of these
Question 9
In accounting, transactions and events which are of----are recorded.
A
Financial nature
B
Quantitative nature
C
Qualitative nature
D
None of these
Question 10
F. W Taylor's important writing includes
A
Shop management
B
Principle of scientific management
C
Both A and B
D
None of the above
Question 11
Which factor determines when your IT system will be available for knowledge workers to access?
A
Availability
B
Accessibility
C
Reliability
D
None of the above
Question 12
TQM is a system of continuous improvement employing participative management and centered on needs of the.....
A
Customers
B
Staff
C
Organization
D
Government
Question 13
.....costing is a type or technique of costing.
A
multiple
B
batch
C
Marginal
D
job
Question 14
Partial or completed units of manufactured goods, that do not meet customer specifications and get sold at reduced price or simply discarded, are called
A
spoilage
B
rework
C
scrap
D
equivalence
Question 15
Which of the following statements accurately reflect the impact of technology?
A
Technology has caused buyer power to increase
B
Technology has lessened the entry barriers for many industries
C
Technology has increased the threat of substitute products and services
D
all of the above
Question 16
For..... goods, increase in income leads to increase in demand.
A
Abnormal
B
Normal
C
Inferior
D
Superior
Question 17
The consumer is in equilibrium at a point where the budget line
A
Is above an indifference curve
B
Is below an indifference curve
C
Is tangent to an indifference curve
D
Cuts an indifference curve
Question 18
Current Assets-Current Liabilities =?
A
Capital + Liabilities = assets
B
Absorbed capital
C
Net assets
D
Working capital
Question 19
Rate denoted as r* is best classified as
A
real risk-free interest rate
B
real-risk free nominal rate
C
real-risk free quoted rate
D
real-risk free nominal premium
Question 20
Supply of goods in the course of import of territory of India is
A
Intrastate supply
B
Inter-State supply
C
Export
D
Inter-state trade or commerce
There are 20 questions to complete.

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