Commerce online quiz 219

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।)
Opening Stock: Rs. 15, 000 Purchases: Rs. 95, 000 Closing Stock:Rs. 29, 000 Gross Profit 10% of sales The amount of sales will be?
A
Rs. 60, 000
B
Rs. 72, 000
C
Rs. 80, 000
D
Rs. 90, 000
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If any actions are instituted against the admissibility of ITC under earlier law either before or after the implementation of GST, how it will be treated under GST?
A
Collected as a tax arrears under earlier law
B
Collected as a tax arrears in the GST
C
Either a) or b)
D
None of the Above
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following taxes will be levied on Imports?
A
CGST
B
IGST
C
SGST
D
Exempt
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In case, more than one place of business situated within a state specified in the Registration Certificate, the books and Accounts shall be maintained at
A
Each place of business pertaining to such place alone
B
Place where the books of accounts are maintained for all places situated within a state
C
At principal place of business covered mentioned in the Registration Certificate for all places of business in each state
D
Any of the above
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What does price elasticity of demand measure?
A
Change in price caused by changes in demand
B
The rate of change of sales
C
The responsiveness of demand to price changes
D
The value of sales at a given price
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The assessment made with proper sanction and mostly without any personal hearing due to the sufficient reason that the person will fail to discharge tax liability or delay in assessment will adversely affect the interest of revenue is called:
A
Provisional Assessment
B
Protective Assessment
C
Best Judgment Assessment
D
Summary Assessment
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An efficient set of portfolios represented through graph is classified as an
A
attained frontier
B
efficient frontier
C
inefficient frontier
D
unattained frontier
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cash Account is
A
Personal account
B
Real account
C
Nominal account
D
None of the above
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Sheets before and after the text of a book are called......
A
End papers
B
Attach cover
C
Head bands
D
Gilding
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Return on Investment Ratio (ROI) =
A
(Gross profit / Net sales) x 100
B
(Gross profit x Sales / Fixed assets) x 100
C
(Net profit / Sales) x 100
D
(Net profit / Total assets) x 100
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
When a firm is credited with high market share in a market identified with low growth rate, it is known as:
A
Question marks
B
Cash cow
C
Dog
D
Star
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Graph which is plotted for projected net present value and capital rates is called
A
net loss profile
B
net gain profile
C
net future value profile
D
net present value profile
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Establishment of management by objectives presupposes:
A
that limits of authority are not defined
B
that the employees are provided with result expected
C
Unlimited freedom to operate in the assigned task
D
Unlimited freedom to set goals
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Banking ombudsman may reject the complaint
A
immediately after receipt
B
after hearing both parties
C
at any stage
D
None of the above
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The present share of India's trade in the world trade is
A
less than 1 per cent.
B
1.2 per cent.
C
1.5 per cent.
D
1.8 per cent.
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An attempt to make correction by adjusting historical beta to make it closer to an average beta is classified as
A
adjusted stock
B
adjusted beta
C
adjusted coefficient
D
adjusted risk
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The EU is the major provider of FDI for:
A
Eastern Europe.
B
South America.
C
developing Asian countries
D
all of these regions.
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Consider the following statements: Redeemable preference shares can be redeemed out of
  1. Sale proceeds of the new issue of shares
  2. Sale proceeds of the new issue of debentures
  3. Profits available for dividends <
A
1 and 3 are correct
B
1 alone is correct
C
2, 3 and 4 are correct
D
1, 2, 3 and 4 are correct
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What liabilities can be recovered under this section?
A
Tax
B
Interest
C
Penalty
D
All of the above
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The permissible time period to file appeals before the High Court in the normal course will be:
A
Within 30 days from the date of receipt of the Tribunal Order
B
Within 90 days from the date of receipt of the Tribunal Order
C
Within 60 days from the date of receipt of the Tribunal Order
D
Within 180 days from the date of receipt of the Tribunal Order
There are 20 questions to complete.

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