Commerce online quiz 200

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
In India, the Chit funds are governed / regulated by.....
A
RBI
B
Central Government
C
State Governments
D
Local Bodies
Question 2
Net income is Rs 2250 and noncash charges are Rs 1150 then net cash flow would be
A
Rs 1, 100.00
B
Rs 3, 400.00
C
Rs 2, 200.00
D
Rs 3, 500.00
Question 3
Value of normal loss is charged to.....
A
other good product
B
trading a/c
C
profit and loss a/c
D
costing profit and loss a/c
Question 4
All of the following are examples of intelligent agent technology except.....
A
automated response systems
B
automatic shipping confirmation
C
order status reports
D
online web bugs
Question 5
Appointment of full time Company Secretary is compulsory in all those companies, whose paidup share capital is-
A
Rs. 50 lakhs or more
B
Rs. 1 crore or more
C
Rs. 2 crores or more
D
Rs. 3 crores of more
Question 6
Contra entries are related to
A
Cash
B
Bank
C
Both cash and bank
D
None of these
Question 7
A technique for estimating regression line, which minimizes sum of vertical deviations squares is classified as
A
variable technique
B
least square technique
C
indexed technique
D
fixed technique
Question 8
Which of the following statements is/are correct?
  1. Internal control includes quality control.
  2. Internal control is compulsory for all forms of business organizations.
  3. Internal control helps external auditor t
A
1 only
B
2 only
C
3 only
D
1 and 3
Question 9
As a result of increase in the price of tea from Rs. 40 to Rs. 50 per pound, the demand for coffee increases from 500 pounds to 600 pounds. The cross elasticity of demand is?
A
1/2
B
2/3
C
3/4
D
4/5
Question 10
The prime function of accounting is to
A
record economic data
B
provide the informational basis for action
C
classifying and recording business transactions
D
attain non-economic goals.
Question 11
Which of the following is/are correct regarding banking in India? 1. Capital Adequacy Ratio is determined by RBI 2. RBI determines the savings rate of Interest 3. RBI imposes fine at bank rate on banks if they do not maintain reserve requirements as spec
A
Only 1
B
Only 2
C
Only 3
D
2, 3
Question 12
An automobile service unit uses.....costing.
A
specific order
B
batch
C
job
D
contract
Question 13
If it is easy for competitors to enter the market, the threat of new entrants is considered:
A
High
B
Low
C
More
D
Less
Question 14
Step in initial public offering in which hired agents act on behalf of owners is classified as
A
hiring problems
B
agency problems
C
corporation internal problems
D
corporation external problems
Question 15
Free shares of stock given to share holders at present, based upon the number of shares that a share holder owns are:-
A
Right issues
B
Bonus shares
C
IPO
D
Preferential shares
Question 16
The Number of Digits in the PAN based GSTIN registration Number will be:
A
10 Digits
B
15 Digits
C
14 Digits
D
12 Digits
Question 17
An implementation of activity based costing would be possible only if accountants find
A
goodness of each activity
B
handling of each activity
C
cost driver for each activity
D
cost object for each activity
Question 18
Which of the following refers to creating products tailored to individual customers?
A
customization
B
aggregation
C
Direct materials
D
Reverse auction
Question 19
Consumer protection in India is ensured by
A
Consumer protection Act, 1946
B
Consumer protection Act, 1986
C
Consumer protection Act, 1990
D
Consumer protection Act, 1968
Question 20
Money lends to corporations by banks is classified as
A
Eurodollar market deposits
B
commercial loans
C
consumer credit loans
D
consumer credit loans
There are 20 questions to complete.

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