10000 MCQ /questions on commerce questions answers
Transfer through institutions such as mutual funds or banks are classified as
The Tax Liability of a person receiving the goods instead of the person supplying the goods will be knows as:
None of the Above
Income tax paid by a sole proprietor on his business income should be
debited to trading account,
debited to profit and loss account,
credited to profit and loss account
deducted from the capital account in the balance sheet.
In Need Hierarchy Theory of Abraham H. Maslow, Self Actualisation needs are at level-
Lower level needs
Middle level needs
Higher level needs
Highest level needs
The relevant risk for a well-diversified portfolio is.....
interest rate risk
The first Secretary of the company is appointed by-
Price effect in indifference curve analysis arises
When the consumer becomes either better off or worse off because price change is not compensated by income change.
When the consumer is betler off due to a change in income and price
When income and price change
None of the above
Whether any time limit has been specified to issue notice for scrutiny?
Six months from the end of the respective financial year.
No time limit has been prescribed as of now, however same may be prescribed in the rules.
One Year from the end of the respective financial year.
3 Years from the end of the respective financial year.
Where does an auditor of a co-operative society submit the audit report?
To the managing committee of the society only
To the Registrar of Co-operative Societies of the State concerned only
To the State Assembly Concerned
To the Registrar of Co-operative Societies of the State concerned and a copy to the society
..... is a summary of all functional budgets in a capsule form.
Long Period Budget
Safety and accident prevention should concern managers for all the following reasons except
Human suffering of the injured workers
Retaliatory actions by workers
Work-related accident figures are stagering
The Era of Scientific management is.....
A group of individual indirect cost item is defined as
Third ranked product in incremental revenue-allocation method is known as
First incremental product
Second incremental product
Third incremental product
Service costing is used in industries producing
both a & b
none of these
SIDBI is an apex financial insti tution for?
Small and medium enterprises
Large scale enterprises
Under conditions of perfect competition in the product market
MRP = VMP
MRP > VMP
VMP > MRP
None of the above
Internal marketing environment includes
- Service provider
- Local shareholder
i, ii and iii
i, iii and iv
ii, iii and iv
ii, iv and v
Co-operative and public companies are similar in respect of.....
the liability of members
the minimum number of members required for registration
the maximum number of members
method of distribution of profit
Method of inventory recording gives lower cost of goods sold in income statement is classified as
last in first out
last out receivable
First out receivable
First in first out
There are 20 questions to complete.