Commerce online quiz 224

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Aggregate Turnover Limit for Opting Compounding Scheme
A
50/-Lakhs
B
60/-Lakhs
C
1 Crore
D
1.5 Crore
Question 2
..... factors lead to activity of stock market.
A
Money supply
B
Per capita income
C
Unemployment rate
D
Manufacturing and Trade
Question 3
RBI known as lender of last resort because:
A
It has to meet the credit need of citizens to whom no one else is willing to lend
B
Banks lend to go to RBI as a last resort
C
It comes to help banks in times of crisis
D
All of the above
Question 4
In order to control credit, Reserve Bank of India should
A
Increase CRR and decrease Bank rate
B
Decrease CRR and reduce Bank rate
C
Increase CRR and increase Bank rate
D
Reduce CRR and increase Bank rate
Question 5
Which of the following is not one of the stages of the development of the Internet?
A
Innovation
B
Institutionalization
C
Globalization
D
Commercialization
Question 6
.....budget is the preparation of budget starting from a clean state.
A
Performance
B
Zero Base
C
Cash
D
none of these
Question 7
What are the important objectives of accounting? l. To maintain records of a business II. Calculation of profit or loss Ill. Depiction of financial position IV. To make information available to variousgroups and users
A
I and II
B
I and III
C
I, II, and III
D
I, II, III and IV
Question 8
Select the in correct statement regarding a 'Mutual Fund' from the given list: i. The 'promoter' of this fund is known as the 'sponsor' ii. 'Trustees' of the fund are appointed by the 'sponsor' iii. 'Sponsor' and the 'trustees' as a team are responsible
A
Only i
B
Only ii
C
i and iii
D
None of the above
Question 9
Unsecured debentures are also called as.....
A
Mortgaged debentures
B
Simple debentures
C
Bearer debentures
D
Registered debentures
Question 10
Annual General Meeting can be called by-
A
Managing Director
B
Shareholders
C
Board of Directors
D
Company Secretary
Question 11
Secure communication means.
A
Protect transmission of credit card number
B
Guarantee privacy of customer
C
Unauthorized access of payment details
D
All the above
Question 12
Material abstract is also known as.....
A
Material issue analysis sheet
B
bill of materials
C
stores ledger
D
none of the above
Question 13
Present value of portfolio is Rs 500 and current option price is Rs 1200 then value of stock included in portfolio will be
A
Rs 1, 700.00
B
-Rs 1, 700.00
C
Rs 700.00
D
-Rs 700.00
Question 14
What will be the maximum volume of compulsory Penalty in the case of offences like abetment, etc. listed u/s.66(3):
A
Rs.25/-Thousand
B
Rs.10/-Thousand
C
Rs.50/-Thousand
D
Rs.1/-Lakh
Question 15
Quotation where the price of one unit of foreign currency is given in terms of local currency units is called as
A
Indirect quotation
B
Direct quotation
C
Open-ended quotation
D
Close-ended quotation
Question 16
If price and total revenue move in the same direction, then demand is
A
Inelastic
B
Elastic
C
Unrelated
D
Perfectly elastic
Question 17
Cost accounting records both monetary and..... units.
A
cost
B
Physical
C
Both (A) and (B)
D
none of these.
Question 18
If slope coefficient is 0.60 and difference in machine hours is $50000, then difference in cost can be
A
$68, 700
B
$58, 700
C
$30, 000
D
$83, 333.34
Question 19
Current ratio =
A
Quick assets/Current liabilities
B
Current assets/Current liabilities
C
Debt/Equity
D
Current assets/Equity
Question 20
Which of the following is quoted company?
A
Private limited company
B
Public limited company
C
Listed company
D
Non listed company
There are 20 questions to complete.

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