Commerce online quiz 223

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Which of the following is not followed in capital budgeting?
A
Cash flows principle
B
Interest Exclusion Principle
C
Accrual Principle
D
Post-tax Principle
Question 2
Hawthorne studies have underlined the significance of which of the following?
A
System approach to management
B
Contingency approach to management
C
Modern approach to management
D
Human relations approach to management.
Question 3
If an actual indirect cost incurred is $25000 and indirect cost allocated is $23000, then over allocated indirect cost would be
A
$48, 000
B
($2, 000)
C
$2, 000
D
($48, 000)
Question 4
Standard cost is a.....cost
A
Predetermined
B
historical
C
actual
D
final
Question 5
Business means.....
A
Commerce
B
Industry and commerce
C
Trade and commerce
D
Selling and buying of goods
Question 6
Abnormal cost is the cost:
A
Cost normally incurred at a given level of output
B
Cost not normally incurred at a given level of output
C
Cost which is charged to customer
D
Cost which is included in the cost of the product
Question 7
An operation in order to protect the domestic currency value of an asset or a liability that is denominated in foreign currency is called as
A
Hedging
B
Hermes
C
Indexation
D
Leading
Question 8
The details submitted by the outward supplier in Form GSTR 1 shall be furnished to the recipient compounding dealer in form
A
GSTR 4A
B
GSTR 5A
C
GSTR 2A
D
GSTR 6A
Question 9
An expenditure is a capital expenditure because
A
The amount is large
B
It is intended to benefit the current period
C
it is intended to benefit the future period
D
All of these.
Question 10
According to the credit tranche policy of the IMF, credit is made available in
A
Five tranches, each equivalent to 20% of country's qouta
B
Four tranches, each equivalent to 25% of country's quota
C
Ten tranches, each equivalent to 10% of country's SDRs
D
Four tranches, each equivalent to 25% of country's SDRs
Question 11
The assets are Rs. 48, 000 and liabilities are Rs, 18, 000. The total of the liability side of the balance sheet will be.....
A
48000
B
44000
C
45000
D
46000
Question 12
Who is responsible for accountability for any contravention under this Act?
A
Principal
B
Job-worker
C
Manufacturer
D
No-body
Question 13
What happens to duties and taxes paid on goods which are returned within six months form the appointed date?
A
Revise old return and claim reduction in output liability
B
Claim refund of taxes paid earlier on such goods
C
Claim re-credit of taxes paid under earlier law as input tax credit under GST law
D
Revise the first GST return and claim the credit of taxes paid under earlier law
Question 14
..... means a method of filing while indexing.
A
Classification
B
Trays
C
Page Index
D
Visible Books
Question 15
In how many years will Rs. 9, 000 become Rs. 10, 890 at the rate of 6% simple interest?
A
3 years
B
3 years 6 months
C
4 years
D
2 years
Question 16
Karl Pearson's coefficient of correlation is based on the assumption by
A
Normality
B
Platykurtic
C
Leptokurtic
D
None of the above
Question 17
What is the restriction set forth to the National President or State President or Members after ceasing to hold the office of a Tribunal?
A
No right to appear before the National Tribunal or its branch at each states or UT being an A/R
B
No Such Restrictions at all
C
Restrictions only in the native state of the Tribunal Members
D
Restrictions only to appear before the National Bench of the Tribunal
Question 18
Which of the following types of accounts are known as "Demat Accounts"?
A
Zero Balance Accounts
B
Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
C
Accounts in which shares of various companies are traded in electronic form
D
Accounts which are operated through internet banking facility
Question 19
The threat of new entrants is high when it is:
A
Hard for customers to enter the market
B
Hard for competitors to enter the market
C
Easy for competitors to enter the market
D
Easy for customers to enter the market
Question 20
The method used for transferring complex technology is
A
Trunkey contracts
B
Licensing agreements
C
Training of experts
D
None of these
There are 20 questions to complete.

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