Commerce online quiz 217

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Long term fund sources are.....
A
Retained earnings
B
Debentures
C
correctchoice All of the above
Question 2
Secondary market consists of
A
all the stock exchanges (including Over the Counter Exchange of India and National Stock Exchange)
B
Brokers, sub-brokers, share transfer agents
C
Depositories/custodians, Depository Participants (Dps), financiers and investors
D
all of the above
Question 3
The following is a statement showing the financial status of the comapany at any given time
A
Trading account
B
Profit & Loss statement
C
Balance Sheet
D
Cash Book
Question 4
CRR funds are kept by the Banks in....:
A
Cash in hand at branches
B
Balance with other banks
C
Balance in a special Account with RBI
D
Funds in the currency chest
Question 5
Which of the following characteristics are true, with reference to preference capital?
A
Preference dividend is not tax deductible
B
The claim of preference shareholders is prior to the claim of equity shareholders
C
Preference shareholders are not the owners of the concern
D
All of the above
Question 6
Under piece rate system of wage payment, payment is made according to the
A
Quantity of work done
B
time
C
both a&b
D
none of these
Question 7
Registration of partnership is.....
A
optional under Indian partnership act
B
compulsory under the Indian partnership act
C
compulsory under the income tax act
D
compulsory under Indian contract act
Question 8
How much volume of a tax evasion case will be a Cognizable or Non-Bail able Offence in GST?
A
Tax evasion exceeding Rs.50/-Lakhs
B
Tax Evasion exceeding Rs.1 Crores
C
Tax Evasion Exceeding Rs.2 Crores
D
Tax Evasion exceeding Rs.2.5 Crores
Question 9
Leading refers to
A
Advancing of receivables.
B
Advancing of payables.
C
Advancing payments either receivables or payables.
D
Advancing of receivables and delaying of payables.
Question 10
Strategies in which funds are moved from one MNE operation to another are called
A
funds positioning techniques
B
arm's length techniques.
C
fronting techniques.
D
subsidiary flows.
Question 11
101: What are the limitations of 'money measurement' concept?
A
Any transaction / event inspite of being very important cannot be recorded in the books of accounts, if it cannot be expressed in money value.
B
As per this concept, a transaction is recorded at its money value on the date of occurrence and the subsequent changes in the money value are conveniently ignored.
C
Both (A) and (B)
D
None of the above
Question 12
Letter of Credit is presented by-
A
Exporter
B
Importer
C
Custom Officer
D
Shipping Company
Question 13
In specification analysis, assumptions related to linearity states but linearity must be within
A
irrelevant range
B
relevant range
C
significant range
D
insignificant range
Question 14
In case of goods sent on sale on approval basis, invoice has to be issued:
A
while sending the goods; another Invoice has to be issued by the recipient while rejecting the goods;
B
while sending the goods but the recipient can take credit only when the goods are accepted by him;
C
when the recipient accepts the goods or six months from the date of supply whichever is earlier;
D
when the recipient accepts the goods or three months from the date of supply whichever is earlier.
Question 15
Accounting is the process of matching
A
Benefits and costs
B
Revenues and costs
C
Cash inflows and outflows
D
Potential and real performance
Question 16
Cash flows occurring with more than one change in sign of cash flow are classified as
A
non-normal cash flow
B
normal cash flow
C
normal costs
D
non-normal costs
Question 17
The..... is the first major effort to adjust the copyright laws to the Internet age.
A
Platform for Privacy Preferences (P3P)
B
Center for Democracy and Technology
C
Digital Millennium Copyright Act (DMCA)
D
E-Government Act of 2002
Question 18
A bill of material serves the purpose of.....
A
Material requisition
B
stores ledger
C
material issue analysis sheet
D
none of these
Question 19
A monopolistic trade practice is deemed to be prejudicial to public interest except when
A
Authorized by Central Government
B
Authorized by State Government
C
Authorized by Supreme Court
D
None of the above
Question 20
According to put call parity relationship, call option plus present value of exercise price minus stock is to calculate
A
present value of option
B
call option
C
put option
D
future value of option
There are 20 questions to complete.

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