10000 MCQ /questions on commerce questions answers
Who is liable to pay tax if the business of an individual is discontinued before his death
Board of Directors or Manager
Any member of his person who is willing to pay
Legal representative of taxable person
Burns and Stalker model for categorising organisations by structural design uses the terms-
Functional and geographic
Functional and organic
Geographic and mechanistic
Mechanistic and organic.
An allocation approach, in which all overhead entries are restated using actual cost rates in place of budgeted rates is called
unadjusted budget rate approach
adjusted allocation rate approach
unadjusted allocation rate approach
adjusted budget rate approach
Costing and cost accounting are.....
not related at all
one and the same
Not the same
none of these.
What is 'Net Interest Margin' of a Bank?
Margin of Interest earned on Trading in Govt Securities
Difference between the Base Interest Rate and the Average Lending Rate
Difference between the interest income and the amount of interest paid out
Difference between Interest on Term Loans and Interest on Cash Credits
The first auditor of a company appointed, holds office-
For a period of one year
For that period till new auditor is appointed
Till the conclusion of first Annual General Meeting
Till the holding of statutory meeting of the company
Basis of apportionment of creche expenses is.....
Number of employees
number of female employees
number of male employees
Both (B) and (C)
Higher and accurate budgeted profit forecast of managers lead to
high incentive bonus
low incentive bonus
When you purchase copyrighted software, what actually are you paying for?
The cost of the CDs, manuals, and development of the software
The cost of the CDs, manuals, and a share of the cost of the software development
A share of the cost of software development
All of the above
During the course of audit, the authorised officer may require the registered person:
to afford him the necessary facility to verify the books of account or other documents as he may require.
to furnish such information as he may require and render assistance for timely completion of the audit. Audit 167 Indirect Taxes Committee
(a) and/or (b)
Under perfect competition, price of the product
Can be controlled
Cannot be controlled
Can be controlled within certain limit
None of the above
The random walk hypothesis is most related to the.....
semi strong-form EMH
semi weak-form EMH
Out of the following, direct expense is
Rent of office building
The principle types of inventories are raw materials and, and finished goods
goods for dispatch
Consider the following statements:
- Authority in an organization is the formal or institutional right to command stemming from official delegation of position.
- Legitimate power is the right to manage derived fro
Both 1 and 2
Neither 1 nor 2
Profit is maximum when
TC and TR curves are parallel
MC and MR curves are parallel
TC and TR curves cross each other
AC and AR curves cross each other
At Present, What is the maximum amount that a payment bank can accept from a depositer?
In accounting, an economic event is referred to as
Exchange of money
Each subordinate should have only one superior whose command he has to obey. This is known as
Division of work
Unity of Command principle
Which among the following is the first universal bank of India?
There are 20 questions to complete.