Commerce online quiz 221

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।)
The first state which ratified the GST Bill in India
A
Kerala
B
Bihar
C
Jharkhand
D
Assam
Question 2 (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 feature of perfect competition?
A
Large number of buyers and sellers
B
Small number of buyers and sellers
C
Free entry and exit
D
Goods is homogeneous
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The constitution of the IRDA consists of not more than..... members.
A
10 members
B
7 members
C
9 members
D
8 members
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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?
A
High Court, within 30 days
B
Supreme Court within 60 days
C
SEBI within 90 days
D
Department of Companies Affairs within 60 days
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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
A
CRR
B
SLR
C
Bank Rate
D
Repo Rate
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is a type of cash receipt journal + cash payment journal?
A
Bank statement
B
Statement of cash flow
C
Cash book
D
Cash documents
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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?
A
Nil
B
Rs. 1, 05, 000
C
Rs. 65, 000
D
Rs. 60, 000
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The object of cost accounting is-
A
Ascertainment of Cost
B
Valuation of Stock
C
Cost Control
D
All of these
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An acknowledgement must be given on receipt of advance payment in respect of supply of goods or services:
A
Yes, in the form of a proforma invoice;
B
Yes, the invoice must be raised to that extent ;
C
Yes, as a receipt voucher;
D
None of the above
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The Workmen's compensation Act came into force in which year?
A
1930
B
1921
C
1944
D
1924
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Residual term is also considered as
A
error term
B
disturbance term
C
relevant term
D
both a and b
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The labour force participation rate is the
A
Proportion of population that is working
B
Proportion of population working or looking for work
C
Proportion of skilled workers population
D
Proportion of female workers to male workers
Question 13 (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 manufacturing industry?
A
Iron and steel works
B
Flour Mills
C
Fruit canning
D
Mining
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The Land Development Bank secure short term accommodation from the
A
State Governments
B
Commercial Banks
C
State Co-Operative Banks
D
All of these
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
"Calculate Re-order level from the following: Consumption per week: 100-200 units Delivery period: 14-28 days"
A
5600 units
B
800 units
C
1400 units
D
200 units
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The debit card holder can perform which of the following functions?
A
Make Point of Sale (POS) purchase
B
Recharge Pre-paid mobile phones
C
Pay Life Insurance premium
D
All of the above
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Consider the following information
  1. Gross sales Rs. 20, 00, 000
  2. Sales tax 7% on gross sales
  3. Income tax 40%
  4. Profit before tax 400, 000
What is net profit before tax ratio?
A
21.5%
B
22.50%
C
23.50%
D
24.50%
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Assertion (A): Existence of secret reserve contradicts the disclosed network of a business. Reason (R): Secret reserve helps promote managerial efficiency.
A
Both A and R are true and R is the correct explanation of A
B
Both A and R are true but R is NOT a correct explanation of A
C
A is true but R is false
D
A is false but R is true
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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
A
Yes
B
No
C
Yes vendor should be located in same place
D
None of the above
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
.is a method of evaluating the job in terms of its money value.
A
Job analysis
B
Motion study
C
work measurement
D
Job evaluation
There are 20 questions to complete.

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