Commerce online quiz 214

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।)
''Organisation is a Management Process by which people, functions and physical factors are brought together to form a controllable unit.'' This definition is given by-
A
Haney
B
Kelling B. Lewis
C
Oliver Sheldon
D
Cornell
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Recovery of bad debt is a
A
Revenue expenditure
B
Revenue receipt
C
Deferred expenses
D
Capital receipt
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In double entry system every business transaction affects
A
debit and credit side of the same account
B
two accounts
C
the same side of the same account
D
none of the these.
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
111: In case the depreciable assets are revalued, the provision for depreciation is based on
A
The revalued amount on the estimate of the remaining useful life of such assets
B
Original cost of the assets
C
Depreciated value of the assets
D
AS-6 is silent in this regard
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Set of rules made by corporation founders such as directors election procedure are classified as
A
stock laws
B
by laws
C
liability laws
D
corporate laws
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
SBI's new training initiative "Strategic Training Unit" is located at
A
New Delhi
B
Bangalore
C
Hyderabad
D
Mumbai
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
According to Dutt Committee, large industrial houses were..... in the core sector
A
Allowed
B
Not allowed
C
restricted to the sector
D
absent
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is true in respect of events after the applicability of GST? Transitional Provisions 271 Indirect Taxes Committee
A
Proceedings under earlier law will be disposed of under the earlier law
B
Any default due to proceedings in the earlier law will be recovered in the earlier law
C
Proceedings under the earlier law will be disposed of under the new law
D
Any refund due to the proceedings will be admissible as input tax credit
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Assertion (A). In 1991 government decided to allow all foreign investment to any industries without any restrictions. Reason (R). Government has enhanced the investment limit of small scale industries units.
A
Both (A) and (R) are true and (R) is the correct explanation of (A).
B
Both (A) and (R) are true but (R) is not the correct explanation of (A).
C
(A) is true but (R) is false.
D
(A) is false but (R) is true.
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The factor(s) which affect(s) P/E ratio is/are.....
A
Growth rate
B
Debt proportion
C
Retention ratio
D
All of the above
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If there are 15 credit purchases during a given month, then there will be..... posting from the purchase book at the end of the month
A
15
B
16
C
14
D
17
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Boiler house costing is an example of.costing
A
Operation
B
process
C
service
D
none of these
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..is most suitable when quality of work is of prime importance.
A
Piece rate system
B
time wage system
C
both a & b
D
none of these
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The collection of integrated and related master files is known as
A
database
B
table
C
record
D
field
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The total of all direct expenses is known as..cost.
A
Prime
B
Works
C
Production
D
both a & b
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In Imperfect competition total revenue rises at..... upto an output level and then......
A
A decreasing rate, falls
B
A decreasing rate, rises
C
An increasing rate, falls
D
An increasing rate, rises
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The time limit to pay the value of supply with taxes
A
90 days
B
6 months
C
180 days
D
365 dyas
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The 'Diamond water' controversy is explained by
A
Total utility
B
Marginal utility
C
Price offered
D
Quantity supplied
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If Supply of Services has ceased under a contract before the completion of supply:
A
Invoice has to be issued within 30 days on the basis of 'Quantum Meruit' from the date of cessation;
B
Invoice has to be issued at the time of cessation to the extent of the supply effected;
C
Invoice has to be issued for the full value of the contract after deducting a percentage thereof as prescribed;
D
Invoice cannot be issued as the matter will be sub-judice.
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which one refers to cash in How under pay back period method?
A
Cash flow before depreciation and taxes
B
Cash flow after depreciation and taxes
C
Cash flow after depreciation but before taxes
D
Cash flow before depreciation and after taxes
There are 20 questions to complete.

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