Commerce online quiz 193

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Which type of competition leads to exploitation of consumer?
A
Oligopoly
B
Monopolistic competition
C
Monopoly
D
All of the above
Question 2
Value of payment is Rs 25 and an interest rate is 2%, then present value will be
A
Rs 12.54
B
Rs 12, 500.00
C
Rs 12, 504.00
D
Rs 8, 400.00
Question 3
Which of the following errors will not affect the trial balance
A
Wrong balancing of an account
B
Wrong totaling of an account
C
Writing an amount in wrong account but on the correct side
D
None o the above
Question 4
Revenue earned but not yet received by the business is known as
A
Contra asset revenue
B
Accrued expenses
C
Accrued revenue
D
Unearned revenue
Question 5
Whether the supplies to UN Agencies are taxable under GST?
A
Yes
B
Taxable at Supply Point and Refundable subject to submission of Purchase statement as and when purchases are made with their UID No.
C
Both (A) and (B)
D
None of the Above
Question 6
Bank overdraft is a good source of finance for.....
A
Short term
B
Medium term
C
Long term
D
Short and long term
Question 7
Which one of the following is an example of sources of funds?
A
Decrease in share capital
B
Increase in long-term liabilities
C
Decrease in long-term liabilities
D
Increase in fixed assets
Question 8
Bank Reconciliation statement is the comparision of a bank statement (sent by bank) with the
A
Cash receipt journal
B
Cash payment journal
C
Cash book
D
Financial statements
Question 9
Suppose that a Swiss television set that costs 400 francs in Switzerland costs $200 in the United States. The exchange rate between the franc and the dollar is
A
2 francs per dollar
B
1 franc per dollar
C
$2 per franc
D
$3 per franc
Question 10
Term 'Credit' means..... by the business
A
Receiving of benefits
B
It has no effect on business
C
Providing benefits
D
It depends upon items
Question 11
The term World Bank refers to
A
IBRD
B
IDA
C
Both IBRD and IDA
D
IFC
Question 12
The first stock exchange in the world.....
A
Mumbai stock exchange
B
America stock exchange
C
London stock exchange
D
France stock exchange
Question 13
When indifference curve is L shaped, then two goods will be
A
Perfect substitute goods
B
Substitute goods
C
Perfect complementary goods
D
Complementary goods
Question 14
Which among the following committee is related with the issues and concerns in the Non-banking financial Companies (NBFCs) sector?
A
Ragu Ram Committee
B
Usha Thorat Comiittee
C
Shome Committee
D
Tarapore Committee
Question 15
Inventory turnover ratio = Cost of inventory consumed during the period $\div$ Cost of held during the period
A
Average inventory
B
minimum inventory
C
maximum inventory
D
none of these
Question 16
.expenses are partly fixed and partly variable.
A
All expenses
B
variable
C
fixed
D
semi-variable
Question 17
In his report the Auditor gives his?
A
Judgment
B
Opinion
C
Guarantee to correctness of accounts
D
All of these
Question 18
The cost that a firm incurs in hiring or purchasing any factor of production is referred to as
A
Explicit cost
B
Implicit cost
C
Variable cost
D
Fixed cost
Question 19
Domestic use of office telephone is
A
Embezzlement of Labour
B
Embezzlement of Property
C
Embezzlement of Facility
D
None of these
Question 20
Principle of 'Unity of Command' means-
A
Unity of directions
B
To receive orders from one officer only
C
A fixed place for every person
D
Proper delegation to subordinates
There are 20 questions to complete.

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