Commerce online quiz 196

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।)
Out of IGST paid to the Central Government, which of the following must be apportioned based on tax rate equivalent to the CGST on similar intra-state supply?
A
Interstate supply of goods and services to an unregistered person.
B
Interstate supply of goods and services to a taxable person paying tax under sec.10 of the CGST Act, 2017.
C
Interstate supply of good and services to taxable person not eligible for input tax credit.
D
All of the above.
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
.....provides information for income determination.
A
Financial accounting
B
cost accounting
C
management accounting
D
none of these
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
10.Consider the following statements:
  1. It is mandatory for all business enterprises to conduct audit of accounts.
  2. Audit Note Book is a tool in the conduct of audit.
  3. Internal check system is an inbuilt mecha
A
l only
B
2 and 3
C
3 only
D
1, 2 and 3
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The basic aim of Securities and Exchange Board of India (SEBI) is to-
A
Develop an effective and efficient monitoring and control system for the Indian Capital Market
B
To help Bombay Stock Exchange only
C
To help National Stock Exchange of India Ltd. only
D
To help OTC Exchange of India only
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Outdated and seldom used books are withdrawn from the library is known as.....
A
Shelving
B
Weeding
C
Circulating
D
Guiding
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which section specifies the conditions to be fulfilled for claiming ITC on inputs and/or capital goods sent to jobworker?
A
19
B
55
C
143
D
177
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Savings accounts are..... but are not.....
A
negotiable; liquid
B
marketable; liquid
C
liquid; personal
D
liquid; marketable
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Net income and depreciation is Rs 313, 650, 000 and common shares outstanding are 55, 000, 000 then cash flow per share would be
A
Rs 5.70
B
Rs 6.70
C
Rs 7.70
D
Rs 8.70
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The term 'marginal' in economics means
A
Unimportant
B
Additional
C
The minimum unit
D
Just barely passing
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..... is a force to drive a person to action.
A
Motivation
B
Co ordination
C
Co-operation
D
Control
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
How many countries have been undertaken to lend to IMF if there is need to cope with an impairment of the International monetary system?
A
11
B
50
C
15
D
20
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Different accounting policies can be adopted in the following area(s)
A
Valuation of inventories
B
Valuation of Investments
C
Calculation of depreciation
D
All of the above
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Material control involves.....
A
consumption of material
B
issue of material
C
purchase of material
D
purchase, storage and issue of material
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Export procedure begins with-
A
Indent
B
Shipping order
C
Marine insurance
D
None of these
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following account will be credited when the goods are purchased on credit from Mr. Ali?
A
Purchases account
B
Mr. Ali account
C
Cash account
D
Sales account
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Overall and strategic planning is done by the
A
Top management
B
Middle level management
C
Supervisory level management
D
All of the above
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Account to be debited by the proprietor of business for purchasing furniture for his private use for cash from Furniture House will be
A
Purchase account
B
Furniture account
C
Drawing account
D
Furniture House account
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In activity based costing system, description of activity can be classified as
A
activity list
B
activity dictionary
C
active purpose
D
both a and b
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Who is called 'The Father of Scientific Management'?
A
Elton Mayo
B
Henry Fayol
C
E. F. L. Breach
D
F. W. Taylor
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is not a part of managerial process?
A
Planning
B
Accounting
C
Coordination
D
Directing Cash at bank
There are 20 questions to complete.

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