# 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
 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.