Commerce online quiz 207

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
If the rate of Gross Profit is 25% of sales and the-total cost of goods sold is RS. 1, 00, 000, the amount of gross profit will be?
A
Rs. 25, 000
B
Rs. 20, 000
C
Rs. 30, 000
D
Rs. 33, 333
Question 2
The concept of small scale industries (SSIs) was brought to the fore by the
A
Industrial Policy Resolution 1948
B
Industrial Policy Resolution 1956
C
Industrial Policy Statement 1977
D
None of the above
Question 3
An under allocated indirect cost is also called
A
under applied indirect cost
B
under absorbed indirect cost
C
absorbed indirect cost
D
both a and b
Question 4
Material control aims at achieving effective.....
A
Material management
B
quality control
C
accounting of material
D
material supply
Question 5
Banking sector comes under which sector?
A
Services sector
B
Manufacturing sector
C
Realty sector
D
Industrial sector
Question 6
The filing of Monthly Returns in GST will be:
A
At a stretch
B
Two Phases
C
Three Phases
D
Four Phases
Question 7
Total overheads incurred for running a canteen is re-apportioned among production Departments on what basis:
A
Floor area
B
Equitable
C
No. of employees
D
Value of Plant
Question 8
Constant growth rate is 6.5% and an expected dividend yield is 3.4% then an expected rate of return would be
A
9.90%
B
10.00%
C
3.10%
D
19.12%
Question 9
Islamic nations follow
A
Common law
B
Civil law.
C
Criminal Law.
D
Religious law.
Question 10
The forward US dollar is quoted at premium against Indian Rupees. This implies
A
Money market rates are higher in India than in the US.
B
Money market rates are lower in India than in the US.
C
Market yield is higher in US than in India.
D
Dollar has a better value than Indian Rupee.
Question 11
Which of the following is not an avoidable cause of labour turnover:
A
Dissatisfaction with Job
B
Lack of training facilities
C
Low wages and allowances
D
Disability, making a worker unfit for work
Question 12
The accrual basis of accounting records revenues when they are
A
Collected
B
Earned
C
Contracted
D
Readily available for use
Question 13
The majority of job seekers rely on which of the following?
A
Word-of-mouth leads
B
Employment agencies
C
Internet and newspapers equally
D
Internet only
Question 14
In financial markets, period of maturity within one to five years of financial instruments is classified as
A
short-term
B
long-term
C
intermediate term
D
capital term
Question 15
On 1.4.2007, a firm's capital was Rs. 2, 00, 000, Assets Rs. 2, 40, 000 and Liabilities Rs. 40, 000. It sold goods costing Rs. 10, 000 for Rs. 12, 000. What will be the position of accounting equation after this transaction has been recorded in accounts? Asset
A
2, 42, 000 = 2, 02, 000 + 40, 000
B
2, 52, 000 = 2, 12, 000 + 40, 000
C
2, 30, 000 = 2, 00, 000 + 30, 000
D
2, 22, 000 = 1, 82, 000 + 40, 000
Question 16
ABC analysis is an inventory control technique in which:
A
Inventory levels are maintained
B
Inventory is classified into A, B and C category with A being the highest quantity, lowest value
C
Inventory is classified into A, B and C Category with A being the lowest quantity, highest value
D
Either b or c
Question 17
The Accounting period cycle of NSE is.....
A
Wednesday to next Tuesday
B
Tuesday to next Wednesday
C
Monday to next Friday
D
Wednesday to next Wednesday
Question 18
A price for equity is called
A
interest rate
B
cost of equity
C
debt rate
D
investment return
Question 19
Economic Batch Quantity depends on.and..costs.
A
Material, labour
B
set-up costs, carrying
C
transportation, carrying
D
warehousing, labour
Question 20
Which committee is heading the conversion of Urban Cooperative Banks into Regular Banks?
A
R Gandhi
B
H R Khan
C
Urjit R. Patel
D
S. S. Mundra
There are 20 questions to complete.

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