Commerce online quiz 213

By | August 21, 2018

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10000 MCQ /questions on commerce questions answers

Question 1 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If the demand for a good is inelastic, an increase in the price of the good will cause the total expenditure of the consumers of the good to
A
Remain the same
B
Increase
C
Decrease
D
Any of the above
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Methods used to allocate costs of reciprocal support departments include
A
direct method
B
step down
C
reciprocal method
D
all of above
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Difference between bond's yield and any other security yield having same maturities is considered as
A
maturity spread
B
bond spread
C
yield spread
D
interest spread
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In linear cost function which is y=a + b, x objective is to find the
A
values of a and b
B
values of x and y
C
values of a and x
D
values of b and y
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Accounting Standard Board issuing Accounting Standards inIndia belongs to-
A
Ministry of Finance
B
Company Law Board
C
The Institute of Chartered Accountants of India
D
None of the above
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Many times we read the term 'ECB' in newspapers. What is the full form of 'ECB'?
A
Essential Commercial Banking
B
European Credit Borrowing
C
External Credit For Business
D
External Commercial Borrowing
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which one of the following statements related to auditing is not correct?
A
Chances of frauds are maximum in the case of cash sales.
B
While routine checking is carried out vouching may be considered unnecessary.
C
While vouching the cash receipts the auditor should study the system of internal check in operation.
D
Vouching is the essence of auditing.
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An entry which is made on both sides of a cash book is called
A
Cash entry
B
Contra entry
C
Payment entry
D
Compound entry
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In the context of banking sector, DRT is associated with?
A
Recurring deposits
B
Demand and time liabilities of banks
C
Deposit insurance
D
Loan recovery
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
You are given the following item
  1. Bills Receivables
  2. Short-term Investments
  3. Debtors
  4. Accrued but not received Interest.
Which of the following arrangements in the order of liquidity is correct?
A
(1), (2), (3) and (4)
B
(2), (1), (4) and (3)
C
(2), (3), (1) and (4)
D
(3), (1), (4) and (2)
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If the demand curve confronting an individual firm is perfectly elastic, then firm is
A
Price taker
B
Adjust output
C
Adjust price
D
All of these
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Drawing account is
A
Personal account
B
Nominal account
C
Real account
D
None of the above
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The Special Audit report is to be submitted normally within a period of:
A
30 days
B
60 days
C
90 Days
D
180 days
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
When marginal revenue is zero, total revenue is
A
Maximum
B
Minimum
C
Zero
D
Decreasing
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
10. If the opening and closing stock is Rs. 20, 000 each, purchases are Rs.50, 000, manufacturing expenses are Rs. 10, 000 and sales Rs. 90, 000, the gross profit will be.....
A
10, 000
B
20, 000
C
30, 000
D
40, 000
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Method which determines weights of cost allocation by considering cost of each user as separate entity is known as
A
bundled products allocation method
B
variable cost allocation method
C
stand-alone cost allocation method
D
incremental cost allocation method
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
MC is given by
A
Slope of TFC
B
Slope of TC
C
Slope of AC
D
None of the above
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Earnings Per Share (EPS) is equal to.....
A
Profit before tax/No of outstanding shares
B
Profit after tax/No of outstanding shares
C
Profit after tax/Amount of equity share capital
D
Profit after tax less equity dividends/No of outstanding shares
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Providing employees with basic background information about the firms is
A
Education
B
Employee Orientation
C
Colleges and universities
D
Required by law
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In long run equilibrium, the pure monopolist can make pure profits because of
A
Blocked entry
B
The high price he charges
C
The low LAC costs
D
Advertising
There are 20 questions to complete.

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