Commerce online quiz 216

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The charter of a company which defines the limitations and powers of the company is called
A
The memorandum of association
B
Articles of association
C
Statutory report
D
Certificate of commencement
Question 2
Which of the following will be debited if a business purchases goods on credit?
A
Cash
B
Debtor
C
Creditor
D
Purchases
Question 3
Market risk and diversifiable risk are two components of
A
stock's risk
B
portfolio risk
C
expected return
D
stock return
Question 4
The most common form of securing channels is through.....
A
S-HTTP
B
VPNs
C
SSL
D
PPTP
Question 5
For the purpose of section 141 goods removed shall qualify as?
A
Semi-finished goods in the hands of manufacturer
B
Finished goods requiring further process
C
Inputs removed as such or after processing
D
None of the above
Question 6
Increasing interest rates
A
discourage corporate investments.
B
discourage individuals from saving.
C
encourage corporate expansion.
D
encourage corporate borrowing.
Question 7
Which of the following is a double entry for deprecation expenses?
A
Accumulated depreciation Debit and depreciation expenses Credit
B
Depreciation expenses Debit and accumulated depreciation Credit
C
Cash Debit and Depreciation expenses Credit
D
Depreciation expenses Debit and Cash Credit
Question 8
The last date for declaring the details of a Credit Note issued on 25-Jun-2018 for a supply made on 19-Sep-2017 is:
A
31-Dec-2018-Actual date for filing annual return
B
20-Jul-2018
C
20-Sep-2018
D
20-Oct-2018
Question 9
When a company uses debt fund in its financial structure, it will lead to a change in
A
Financial leverage
B
Operating leverage
C
Money market leverage
D
Stock market leverage
Question 10
Purchase of office equipment for cash will be recorded on which side of a cash book?
A
Receipts
B
Payments
C
Incomes
D
Expenditures
Question 11
With regard to the rate of return on investment (ROI), which one of the following statements is not valid?
A
It is an overall indicator of the profitability of an enterprise
B
It is a triangular relationship in the sense that ROI = Profit margin*Asset turnover
C
It is a superior measure compared to the cash flow generated per share
D
It was first developed by Dupont, USA
Question 12
The Secretary of a Company should file copies of Special Resolution passed at Extraordinary General Meeting to the Registrar of Companies within-
A
7 days
B
14 days
C
21 days
D
30 days
Question 13
A special Audit is conducted by:
A
The CGST Officials
B
The SGST Officials
C
CA or Cost Accountant nominated by the Commissioner
D
Any of the above
Question 14
The existence of a Partnership Firm is-
A
Separate from partners
B
Not separate from partners
C
Both (A) and (B)
D
None of the above
Question 15
An Unique Identity Number will be allotted to the following persons upon submitting an application:
A
All the taxable persons can apply.
B
Only unregistered persons can apply.
C
Specialized agency of the UNO or any multilateral financial institution or consulate or embassy of foreign countries.
D
No such concept under CGST/SGST Act.
Question 16
Room/day is the cost unit used in.....
A
Hotels
B
hospital
C
schools
D
none of these
Question 17
In a monopoly market, an upward shift in the market demand results in a new equilibrium with
A
A higher quantity and a lower price
B
A higher quantity and the same price
C
A higher quantity and higher price
D
All of the above
Question 18
The credit balance of bank account indicates
A
Balance in bank
B
Amount payable by the bank
C
Amount payable to the bank
D
None of these
Question 19
How will the goods and services be classified under GST regime?
A
SAC/HSN Code
B
HSN Code
C
SAC Code
D
GST Code E. None of above
Question 20
A techniques uses to identify financial statements trends are included
A
common size analysis
B
percent change analysis
C
returning ratios analysis
D
Both A and B
There are 20 questions to complete.

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