Commerce online quiz 209

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Consider the following statements: 1. Payment bank cannot issue credit cards 2. There is a limit on maximum balance of individual customer in payment bank 3. SLR requirements for payment banks and small banks is less than commercial banks 4. Priority sec
A
1, 2, 4 correct
B
3, 4 correct
C
1, 2 correct
D
1, 3, 4 correct
Question 2
Whether opportunity of personal hearing shall be granted to the person chargeable with tax or penalty or any adverse decision without any written request during adjudication proceedings?
A
Yes
B
No
C
At proper officer's discretion
D
None of the above
Question 3
The geographically distributed area or zone where the economic laws are more liberal as compared to other parts of the country is called
A
EOU
B
SEZ.
C
AEZ.
D
FTZ.
Question 4
The primary component of the current account is the:
A
balance of trade.
B
balance of money market flows
C
balance of capital market flows
D
unilateral transfers.
Question 5
Component of total cost, which never changes with change in level of production is classified as
A
fixed cost
B
constant
C
variable
D
both a and b
Question 6
In which one of the following, Crisis Management is reflected?
A
Future expansion plans of business
B
Organization Development Programme
C
Short-term Manpower Planning
D
Prudent managerial leadership
Question 7
In internal reconstruction?
A
No company goes into liquidation
B
Only one company goes into liquidation
C
One or more companies go into liquidation
D
Two or more companies go into liquidation
Question 8
Compared to Internet users, the number of cell phone subscribers is.....
A
about the same
B
slightly fewer
C
much fewer
D
much larger
Question 9
Tax invoice must be issued by.....
A
Every supplier
B
Every taxable person
C
Registered persons not paying tax under composition scheme
D
All the above
Question 10
In perfect competition the demand curve of a firm is?
A
Horizontal
B
Vertical
C
Negative slope
D
Positive slope
Question 11
Which of the following is the vital question in the economic system?
A
What to produce
B
How to produce
C
For whom to produce
D
All of the above
Question 12
In the absence of a Partnership Deed, the rate of interest allowed on the partner's loan to the firm is.....
A
5%
B
6%
C
10%
D
None of the above
Question 13
A significant property of the Cobb-Douglas production function is that the elasticity of substitution between inputs is
A
Equal to 1
B
More than 1
C
Less than 1
D
0
Question 14
CRR refers to the share of..... that rural banks have to maintain with RBI of their net demand and time liabilities?
A
Liquid cash
B
Gold
C
Forex reserves
D
Illiquid cash
Question 15
Which of the following includes under techniques of Training?
A
On the job Training Method
B
Informal Training
C
Role Playing Method
D
All of the above
Question 16
For the purpose of translations, current rate refers to
A
The rate current at the time of transaction.
B
The rate prevailing on the date of the balance sheet.
C
The rate prevailing on the date of preparation of the balance sheet.
D
The spot rate
Question 17
Method of matching orders by posting orders of buying and selling is classified as
A
electronic communication network
B
electronic dealer network
C
electronic stock network
D
electronic order network
Question 18
The method of costing used in a refinery is..costing.
A
job
B
batch
C
multiple
D
Process
Question 19
.....is most suitable when quality of work is of prime importance.
A
Piece rate system
B
time wage system
C
Both (A) and (B)
D
none of these
Question 20
The time limit for issue of tax invoice in case of continuous supply of goods:
A
At the time of issue of statement of account where successive accounts are involved;
B
At the time of receipt of payment, if payments are received prior to issue of accounts;
C
On a monthly basis;
D
As and when demanded by the recipient.
There are 20 questions to complete.

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