Commerce online quiz 228

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।)
Who is liable to pay tax if the business of an individual is discontinued before his death
A
Board of Directors or Manager
B
Any member of his person who is willing to pay
C
Legal representative of taxable person
D
Employee
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Burns and Stalker model for categorising organisations by structural design uses the terms-
A
Functional and geographic
B
Functional and organic
C
Geographic and mechanistic
D
Mechanistic and organic.
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An allocation approach, in which all overhead entries are restated using actual cost rates in place of budgeted rates is called
A
unadjusted budget rate approach
B
adjusted allocation rate approach
C
unadjusted allocation rate approach
D
adjusted budget rate approach
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Costing and cost accounting are.....
A
not related at all
B
one and the same
C
Not the same
D
none of these.
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What is 'Net Interest Margin' of a Bank?
A
Margin of Interest earned on Trading in Govt Securities
B
Difference between the Base Interest Rate and the Average Lending Rate
C
Difference between the interest income and the amount of interest paid out
D
Difference between Interest on Term Loans and Interest on Cash Credits
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The first auditor of a company appointed, holds office-
A
For a period of one year
B
For that period till new auditor is appointed
C
Till the conclusion of first Annual General Meeting
D
Till the holding of statutory meeting of the company
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Basis of apportionment of creche expenses is.....
A
Number of employees
B
number of female employees
C
number of male employees
D
Both (B) and (C)
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Higher and accurate budgeted profit forecast of managers lead to
A
high incentive bonus
B
low incentive bonus
C
influence bonus
D
revenue bonus
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
When you purchase copyrighted software, what actually are you paying for?
A
The cost of the CDs, manuals, and development of the software
B
The cost of the CDs, manuals, and a share of the cost of the software development
C
A share of the cost of software development
D
All of the above
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
During the course of audit, the authorised officer may require the registered person:
A
to afford him the necessary facility to verify the books of account or other documents as he may require.
B
to furnish such information as he may require and render assistance for timely completion of the audit. Audit 167 Indirect Taxes Committee
C
(a) and/or (b)
D
Only (a)
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Under perfect competition, price of the product
A
Can be controlled
B
Cannot be controlled
C
Can be controlled within certain limit
D
None of the above
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The random walk hypothesis is most related to the.....
A
weak-form EMH
B
semi strong-form EMH
C
semi weak-form EMH
D
strong-form EMH
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Out of the following, direct expense is
A
Salaries
B
Carriage outward
C
Rent of office building
D
Carriage inward.
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The principle types of inventories are raw materials and, and finished goods
A
Processed materials
B
Goods-in-progress
C
stored goods
D
goods for dispatch
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Consider the following statements:
  1. Authority in an organization is the formal or institutional right to command stemming from official delegation of position.
  2. Legitimate power is the right to manage derived fro
A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Profit is maximum when
A
TC and TR curves are parallel
B
MC and MR curves are parallel
C
TC and TR curves cross each other
D
AC and AR curves cross each other
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
At Present, What is the maximum amount that a payment bank can accept from a depositer?
A
Rs.5 lakhs
B
Rs.1 lakh
C
Rs.2 lakhs
D
Rs.75000
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In accounting, an economic event is referred to as
A
Cash
B
Bank statement
C
Transaction
D
Exchange of money
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Each subordinate should have only one superior whose command he has to obey. This is known as
A
Division of work
B
Exception principle
C
Unity of Command principle
D
Authority-responsibility principle
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which among the following is the first universal bank of India?
A
HDFC
B
Axis Bank
C
ICICI
D
Federal Bank
There are 20 questions to complete.

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