Commerce online quiz 211

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
In a Private Company there are restrictions regarding-
A
Transfer of shares
B
Issue of prospectus
C
Number of members
D
All of the above
Question 2
Which of following is an example of purchasing costs?
A
incoming freight
B
storage costs
C
insurance
D
spoilage
Question 3
Cost of process Rs1, 60, 000 and profit to be charged on the transfer price is 20% What is the inter process profit?
A
Rs 32, 000
B
Rs 40, 000
C
Rs 48, 000
D
Rs 54, 000
Question 4
In which State the Mitakshara form of H.U.F. business does not apply?
A
Rajasthan
B
Gujarat
C
West Bengal
D
Kerala
Question 5
If price changes by 1% and supply changes by 2%, then supply is
A
Elastic
B
Inelastic
C
Indeterminate
D
Static
Question 6
Law permits collection of tax on supplies effected prior to registration, but after applying for registration:
A
Yes, but only on intra-State supplies, if the revised invoice is raised within one month;
B
Yes, but only on intra-State supplies effected to unregistered persons, if the revised invoice is raised within one month;
C
Yes, on all supplies, if the revised invoice is raised within one month;
D
No, tax can be collected only on supplies effected after registration is granted.
Question 7
Which of the following are not eligible state taxes under the transitional provisions
A
Entry tax
B
Central Sales Tax
C
Value Added Tax
D
Profession Ta, x Luxury Tax & Entertainment Tax
Question 8
Stock portfolio with lowest book for market ratios is considered as
A
S portfolio
B
B to M portfolio
C
H portfolio
D
L portfolio
Question 9
At the point of satiety, marginal utility is
A
Zero
B
Positive
C
Maximum
D
Negative
Question 10
Nationalization of banks aimed at all of the following except
A
Removal of control by a few
B
Provision of control by a few
C
Provision of adequate credit for agriculture, small industry and export units
D
Encouragement of a new class of entrepreneur
Question 11
Mutual funds may be affiliated with an underwriter. This means.....
A
the underwriter has an exclusive right to distribute shares
B
the underwriter selects the securities in the portfolio
C
there is no risk to the issuer of the mutual fund
D
there is no risk to the investor of the mutual fund.
Question 12
In financial planning, a higher strike price leads to call option
A
price is higher
B
rate is lower
C
price is lower
D
rate is higher
Question 13
What is/are the condition for availing ITC on the tax element involved in the stock held by a composition dealer under earlier law, if such dealer opts normal tax remittance in GST? i. Such stock should be taxable under GST ii. Eligible for ITC under ear
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
I, ii, iii & iv
Question 14
Costs which are considered as expenses in accounting period are also known as
A
inventory costs
B
period costs
C
timed costs
D
labour overheads
Question 15
Type of risk in which beta is equal to one is classified as
A
multiple risk stock
B
varied risk stock
C
total risk stock
D
average risk stock
Question 16
Formula of 1-unexplained variation / total variation is used to calculate
A
coefficient of determination
B
coefficient of index
C
coefficient of residual
D
coefficient of prediction
Question 17
A company plans to create the largest possible total sales volume. It should use
A
Concentrated marketing
B
Differentiated marketing
C
Homogeneous marketing
D
Undifferentiated marketing
Question 18
The purchase price of a software that will be used for more than 12 months should be regarded as
A
a revenue expenditure
B
a capital expenditure
C
a long term expense
D
an accounting period expense
Question 19
If there are implicit costs of production
A
Economic profit will be equal to accounting profit
B
Economic profit will be less than accounting profit
C
Economic profits will be zero
D
Economic profit will be more than accounting profit.
Question 20
Marketing planning consists
A
Product Positioning
B
Market Segmentation
C
Distribution Network
D
All of the above
There are 20 questions to complete.

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