Commerce online quiz 22

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।)
Formula Sales revenue minus operating cost and taxes minus operating capital investments is used to calculate
A
available income
B
cash income
C
free cash flows
D
free distribution
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Budgeted income statement and supporting budget schedules are categorized under
A
focused statement
B
slack statement
C
budgeted income statement
D
operating budget
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Petty cash is used for payment of
A
Salaries & wages of the staff
B
For purchase of assets
C
Small expenses relating to postage's and conveyance etc.
D
All of the above
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..... is the first state to ratify GST bill.
A
Andhra Pradesh
B
Assam
C
Arunachal Pradesh
D
Bihar E. Telangana
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Exempt supplies under Section 17 (apportionment of credit) includes
A
Only exempted supplies
B
Reverse charge supplies and sale of land
C
Exempted supplies, reverse charge supplies, Transaction in securities, sale of land, sale of building
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।)
Second step in processing costing system is to
A
summarize total costs
B
compute cost for each equivalent unit
C
summarize flow of output
D
compute output in units
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
.....is concerned with discovery of facts concerning a job and.....is concerned with ascertaining the money value of a job.
A
Job description, job evaluation
B
job specifications, job evaluation
C
job analysis, job evaluation
D
none of these
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An efficient market hypothesis states in which all public or private information is reflected in current market prices is classified as
A
market efficiency
B
semi strong efficiency
C
weak form efficiency
D
strong form efficiency
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An income available for shareholders after deducting expenses and taxes from revenues is classified as
A
net income
B
net earnings
C
net expenses
D
net revenues
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is not a financial statement?
A
Profit and loss account
B
Profit and loss appropriation account
C
Balance sheet
D
Trial Balance
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Marginal cost curve cuts the average cost curve from below at
A
its lowest point
B
the left of the lowest point
C
right of the lowest point
D
All of the above
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The process of evaluating employees is called-
A
Performance appraisal
B
Recruitment
C
Induction
D
Job evaluation
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What does 'aged debtors analysis' signify?
A
shows how long debts have been outstanding
B
How old the customers are
C
How long does a business take to repay the bank loans
D
Minimum number of old debtors
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Long period of bond maturity leads to
A
more price change
B
stable prices
C
standing prices
D
mature prices
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A fixed deposit receipt is kept with the bank for its safety, is known as.....?
A
Safe custody
B
Safe deposit
C
Locker
D
Valid safe deposit
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
.....costs are partly fixed and partly variable in relation to output.
A
Variable
B
fixed
C
Semi-variable
D
Both (A) and (B)
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following represents a limiting factor for the growth of e-commerce?
A
Persistent cultural attraction of physical markets and traditional shopping experiences
B
Inadequate selection of goods compared to physical marketplaces
C
E-commerce lacks the convenience of other methods of transacting business
D
The potential audience for e-commerce is too low to support it as a widespread method of commerce
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In Journal, the business transaction is recorded
A
Same day
B
Next day
C
Once in a week
D
Once in a month
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Rate of required return by debt holders is used for estimation the
A
cost of debt
B
cost of equity
C
cost of internal capital
D
cost of reserve assets
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The ascertainment of costs after they have been incurred is known as.....
A
marginal costing
B
historical costing
C
sunk cost
D
notional cost
There are 20 questions to complete.

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