10000 MCQ /questions on commerce questions answers
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?
Rs. 25, 000
Rs. 20, 000
Rs. 30, 000
Rs. 33, 333
The concept of small scale industries (SSIs) was brought to the fore by the
Industrial Policy Resolution 1948
Industrial Policy Resolution 1956
Industrial Policy Statement 1977
None of the above
An under allocated indirect cost is also called
under applied indirect cost
under absorbed indirect cost
absorbed indirect cost
both a and b
Material control aims at achieving effective.....
accounting of material
Banking sector comes under which sector?
The filing of Monthly Returns in GST will be:
At a stretch
Total overheads incurred for running a canteen is re-apportioned among production Departments on what basis:
No. of employees
Value of Plant
Constant growth rate is 6.5% and an expected dividend yield is 3.4% then an expected rate of return would be
Islamic nations follow
The forward US dollar is quoted at premium against Indian Rupees. This implies
Money market rates are higher in India than in the US.
Money market rates are lower in India than in the US.
Market yield is higher in US than in India.
Dollar has a better value than Indian Rupee.
Which of the following is not an avoidable cause of labour turnover:
Dissatisfaction with Job
Lack of training facilities
Low wages and allowances
Disability, making a worker unfit for work
The accrual basis of accounting records revenues when they are
Readily available for use
The majority of job seekers rely on which of the following?
Internet and newspapers equally
In financial markets, period of maturity within one to five years of financial instruments is classified as
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
2, 42, 000 = 2, 02, 000 + 40, 000
2, 52, 000 = 2, 12, 000 + 40, 000
2, 30, 000 = 2, 00, 000 + 30, 000
2, 22, 000 = 1, 82, 000 + 40, 000
ABC analysis is an inventory control technique in which:
Inventory levels are maintained
Inventory is classified into A, B and C category with A being the highest quantity, lowest value
Inventory is classified into A, B and C Category with A being the lowest quantity, highest value
Either b or c
The Accounting period cycle of NSE is.....
Wednesday to next Tuesday
Tuesday to next Wednesday
Monday to next Friday
Wednesday to next Wednesday
A price for equity is called
cost of equity
Economic Batch Quantity depends on.and..costs.
set-up costs, carrying
Which committee is heading the conversion of Urban Cooperative Banks into Regular Banks?
H R Khan
Urjit R. Patel
S. S. Mundra
There are 20 questions to complete.