10000 MCQ /questions on commerce questions answers
After declaration dividends are paid to the shareholders as per the provision of
Indian Companies Act
Indian Contract Act
Which of the following were considered to be compelling reasons for bank Nationalisation?
Concentration of wealth and economic power in the hands of industrialists and business
Branch expansion was confined to urban areas and rural area were being neglected
Sectors like agriculture small scale industries and the other deserving sectors were outside the purview of bank lending operations
All the above
When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to..
1/3rd of Notional Profit x cash received Work certified
1/2 of Notional Profit x cash received Work certified
2/3rd of Notional profit x cash received Work certified
full Notional Profit.
A company purchases goods but does not pay payments to suppliers immediately and record them as
Total assets divided common equity is a formula uses for calculating
The per-product price consumers are willing to pay for a bundle..... as the number of goods in the bundle increases.
varies from product to product
stays the same
The going concern concept assumes that
The entity continue running for forseeable future
The entity continue running until the end of accounting period
The entity will close its operation in 10 years
The entity can't be liquidated
A Company has head office in Bangalore and 4 branches in different states, all registered under GST and one ISD registered unit in Delhi. How many electronic cash ledgers will the company have?
Which is the determinants of Capital Structure?
Requirement of Investors
Income received in advance is
A firm had a capital balance of Rs. 1, 00, 000 at the beginning of a year. At the end of the year, the firm has total assets of Rs. 1, 50, 000 and total liabilities of Rs. 70, 000. If the total withdrawals during the period were Rs. 30, 000, what was the amoun
Rs. 10, 000 profit
Rs. 20, 000 loss
Rs. 50, 000 loss
Rs10, 000 loss
The impact of ethics on society include all of the following except
Public goods are often oversold at the expense of private goods.
Social costs include traffic congestion, air pollution and deaths and injuries from car accidents.
To restore the imbalance between social and private goods, the costs must be shifted to the consumer.
Marketing creates false wants that benefits producers more than consumers.
When Maslow's need hierarchy is compared with Herzberg's two-factor theory of motivation, which of the following statements are correct?
- Maslow's psychological needs; security, safety and affiliation or acceptance r
l, 2 and 3
1 and 2 only
2 and 3 only
1 and 3 only
What is the consequence, where a taxable person fails to obtain registration even though liable to do so?
proper officer may assess the tax liability to the best of his judgement.
Issue a show cause notice and pass assessment order after providing opportunity of being heard.
Either (a) or (b)
Both (a) and (b)
Printers use costing.
The agreement of partnership.....
Must be oral
Must be in writing
Can be either oral or in writing
Must be in writing on a stamp paper
Which of the following manufacturers are composition tax payers
- Covered under compounded levy scheme
- Covered under MRP valuation scheme
- Covered under benefit of reduced excise duty rate
- Covered based o
(i) & (ii)
(i) & (iv)
(ii) & (iii)
(iii) & (iv)
When can a voluntarily registered person's registration be cancelled?
If the person does not start business within six months from the date of registration.
Business has been discontinued or transferred for any reason.
Non-filing of returns for a continuous period of six months or for three consecutive tax period in case of composite dealer.
All of the above
If a general manager asks the sales manager to recruit some salesman on his behalf, it is an instance of
Division of authority
Decentralisation of authority
Delegation of authority
Delegation of responsibility
Derivatives can be used by an exporter for managing
There are 20 questions to complete.