10000 MCQ /questions on commerce questions answers
The first state which ratified the GST Bill in India
Which of the following is not a feature of perfect competition?
Large number of buyers and sellers
Small number of buyers and sellers
Free entry and exit
Goods is homogeneous
The constitution of the IRDA consists of not more than..... members.
Any person aggrieved by any decision or order of the National Company Law Appellate Tribunal can appeal to which one of the following and within how much period?
High Court, within 30 days
Supreme Court within 60 days
SEBI within 90 days
Department of Companies Affairs within 60 days
The portion of total deposits of a commercial bank which it has to keep with RBI in the form of cash reserves in termed as
Which of the following is a type of cash receipt journal + cash payment journal?
Statement of cash flow
Redeemable Preference shares of Rs. $1, 00, 000$ are redeemed at a premium of 5%. With this object equity shares of Rs. $40, 000 are$ issued at par. What amount should be transferred to Capital Redemption Reserve Account?
Rs. 1, 05, 000
Rs. 65, 000
Rs. 60, 000
The object of cost accounting is-
Ascertainment of Cost
Valuation of Stock
All of these
An acknowledgement must be given on receipt of advance payment in respect of supply of goods or services:
Yes, in the form of a proforma invoice;
Yes, the invoice must be raised to that extent ;
Yes, as a receipt voucher;
None of the above
The Workmen's compensation Act came into force in which year?
Residual term is also considered as
both a and b
The labour force participation rate is the
Proportion of population that is working
Proportion of population working or looking for work
Proportion of skilled workers population
Proportion of female workers to male workers
Which of the following is not a manufacturing industry?
Iron and steel works
The Land Development Bank secure short term accommodation from the
State Co-Operative Banks
All of these
"Calculate Re-order level from the following: Consumption per week: 100-200 units Delivery period: 14-28 days"
The debit card holder can perform which of the following functions?
Make Point of Sale (POS) purchase
Recharge Pre-paid mobile phones
Pay Life Insurance premium
All of the above
Consider the following information
- Gross sales Rs. 20, 00, 000
- Sales tax 7% on gross sales
- Income tax 40%
- Profit before tax 400, 000
Assertion (A): Existence of secret reserve contradicts the disclosed network of a business. Reason (R): Secret reserve helps promote managerial efficiency.
Both A and R are true and R is the correct explanation of A
Both A and R are true but R is NOT a correct explanation of A
A is true but R is false
A is false but R is true
Is the principal entitled for credit of goods though he has not received the goods and has been sent to job worker directly by vendor
Yes vendor should be located in same place
None of the above
.is a method of evaluating the job in terms of its money value.
There are 20 questions to complete.