Commerce online quiz 231

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Costing system, which classify cost into cost categories in a way when an expense is incurred in process is called
A
conversion expense costing system
B
inventory costing system
C
process costing system
D
job costing system
Question 2
What will be the maximum amount of penalty u/s.67 for contravening any provision of the GST Act or Rules on which no separate penalty is prescribed?
A
Rs.25/-Thousand
B
Rs.10/-Thousand
C
Rs.50/-Thousand
D
Rs.1/-Lakh
Question 3
Which of the following assets would be taken into account for working capital turnover ratio.
  1. Plant
  2. Stock
  3. Mortgage
  4. Sales
  5. Reserve
  6. Bank
A
1, 5, and 6
B
4, 5, and 6
C
2, 4, and 6
D
3, 5, and 6
Question 4
The basic objective of financial Management is
A
Maxirnization of profits.
B
Profit planning of the organisation.
C
Maximization of shareholders wealth
D
Ensuring financial disciplined in the organisation.
Question 5
All assets are perfectly divisible and liquid in
A
tax free pricing model
B
cost free pricing model
C
capital asset pricing model
D
stock pricing model
Question 6
The concept of Human relations was developed by
A
Robert owen
B
V.V. Giri
C
Elton Mayo
D
Edwin B. Filippo
Question 7
A joint account mandates both account holders to sign, it means that-
  1. Any deposit made must be signed by both parties
  2. Any withdrawal made must be signed by both parties
  3. Any deposit and withdrawal made must
A
Only 1
B
Only 2
C
Only 3
D
Both 2 and 3
Question 8
Longer the period of time, elasticity of supply will be?
A
Perfectly elastic
B
Inelastic
C
More elastic
D
Constant
Question 9
In call provision, it is stated that company will pay to issue an amount
A
higher than par value
B
lower than par value
C
equal to par value
D
zero to par value
Question 10
Profit prior to incorporation of a company?
A
Can be paid as dividend
B
Cannot be paid as dividend
C
Can be used for revenue expenses
D
None of these
Question 11
The term..... is concerned with moral values.
A
Ethics
B
Business
C
Profit
D
Loss
Question 12
Number of years forecasted to recover an original investment is classified as
A
payback period
B
forecasted period
C
original period
D
investment period
Question 13
When management pays attention to more important areas and when the day to day routine problems are looked after by lower level management, it is known as
A
Management by objectives
B
Management by Exception
C
Participative Management
D
Critical path method
Question 14
The concept of 'separate entity' is applicable to which of the following types of businesses?
A
Sole proprietorship
B
Corporation
C
Partnership
D
All of the above
Question 15
Second step in determining efficient portfolios is to consider efficient subset from set of
A
attainable portfolios
B
unattainable portfolios
C
attributable portfolios
D
non-attributable portfolio
Question 16
Recently RBI has introduced the concept of 'niche banking' in India. Which among the following is most correct statement about this? A. It for ultra high net worth banking individuals. B. It is related to opening branches in remote villages. C. It involv
A
All are true
B
All are false
C
b and c are true
D
a and c are true
Question 17
"Following information is available of XYZ Limited for quarter ended June, 20XX Fixed cost Rs 5, 00, 000 Variable cost Rs 10 per unit Selling price Rs 15 per unit Output level 1, 50, 000 units What will be amount of profit earned during the quarter using the
A
Rs 2, 50, 000
B
Rs 10, 00, 000
C
Rs 5, 00, 000
D
Rs 17, 50, 000
Question 18
The demand for domestic currency in the foreign exchange market is indicated by the following transactions in balance of payment
A
Export of goods and services
B
Import of goods and services.
C
Export of goods and services and capital inflows.
D
Import of goods and services and capital outflows.
Question 19
In large expansion programs, increased riskiness and floatation cost associated with project can cause
A
rise in marginal cost of capital
B
fall in marginal cost of capital
C
rise in transaction cost of capital
D
rise in transaction cost of capital
Question 20
Relevant cash flow which company expects when its will implement project is classified as
A
irrelevant cash flow
B
relevant cash flow
C
incremental cash flow
D
decrease cash flow
There are 20 questions to complete.

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