Commerce online quiz 233

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Transfer through institutions such as mutual funds or banks are classified as
A
non-financial intermediary
B
financial intermediary
C
savers intermediary
D
discounted intermediary
Question 2
The Tax Liability of a person receiving the goods instead of the person supplying the goods will be knows as:
A
Purchase Tax
B
Reverse Charge
C
Reverse Tax
D
None of the Above
Question 3
Income tax paid by a sole proprietor on his business income should be
A
debited to trading account,
B
debited to profit and loss account,
C
credited to profit and loss account
D
deducted from the capital account in the balance sheet.
Question 4
In Need Hierarchy Theory of Abraham H. Maslow, Self Actualisation needs are at level-
A
Lower level needs
B
Middle level needs
C
Higher level needs
D
Highest level needs
Question 5
The relevant risk for a well-diversified portfolio is.....
A
interest rate risk
B
inflation risk
C
business risk
D
market risk
Question 6
The first Secretary of the company is appointed by-
A
Shareholders
B
Promoters
C
Government
D
Directors
Question 7
Price effect in indifference curve analysis arises
A
When the consumer becomes either better off or worse off because price change is not compensated by income change.
B
When the consumer is betler off due to a change in income and price
C
When income and price change
D
None of the above
Question 8
Whether any time limit has been specified to issue notice for scrutiny?
A
Six months from the end of the respective financial year.
B
No time limit has been prescribed as of now, however same may be prescribed in the rules.
C
One Year from the end of the respective financial year.
D
3 Years from the end of the respective financial year.
Question 9
Where does an auditor of a co-operative society submit the audit report?
A
To the managing committee of the society only
B
To the Registrar of Co-operative Societies of the State concerned only
C
To the State Assembly Concerned
D
To the Registrar of Co-operative Societies of the State concerned and a copy to the society
Question 10
..... is a summary of all functional budgets in a capsule form.
A
Functional Budget
B
Master Budget
C
Long Period Budget
D
Flexible Budget
Question 11
Safety and accident prevention should concern managers for all the following reasons except
A
Criminal Liability
B
Human suffering of the injured workers
C
Retaliatory actions by workers
D
Work-related accident figures are stagering
Question 12
The Era of Scientific management is.....
A
1880-1930
B
1880-1931
C
1880-1932
D
1880-1933
Question 13
A group of individual indirect cost item is defined as
A
direct pool
B
cost pool
C
indirect pool
D
item pool
Question 14
Third ranked product in incremental revenue-allocation method is known as
A
primary product
B
First incremental product
C
Second incremental product
D
Third incremental product
Question 15
Service costing is used in industries producing
A
Products
B
service
C
both a & b
D
none of these
Question 16
SIDBI is an apex financial insti tution for?
A
Agricultural sector
B
Collage industries
C
Small and medium enterprises
D
Large scale enterprises
Question 17
Under conditions of perfect competition in the product market
A
MRP = VMP
B
MRP > VMP
C
VMP > MRP
D
None of the above
Question 18
Internal marketing environment includes
  1. Employees
  2. Markets
  3. Service provider
  4. Local shareholder
  5. Consumer
A
i, ii and iii
B
i, iii and iv
C
ii, iii and iv
D
ii, iv and v
Question 19
Co-operative and public companies are similar in respect of.....
A
the liability of members
B
the minimum number of members required for registration
C
the maximum number of members
D
method of distribution of profit
Question 20
Method of inventory recording gives lower cost of goods sold in income statement is classified as
A
last in first out
B
last out receivable
C
First out receivable
D
First in first out
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *