Commerce online quiz 239

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Normally the following accounts are balanced
A
Real account and Nominal account
B
Personal account and Real account
C
Only Nominal account
D
All accounts
Question 2
In adjustment issues of costing, database must contain reliable measure of
A
fixed cost driver
B
cost driver and cost
C
cost driver and object
D
mixed cost driver
Question 3
Which of the following types of business organisation has a separate legal entity?
A
Joint Hindu family business
B
Partnership
C
Joint Stock Company
D
None of the above
Question 4
Interest on Saving Bank deposits is calculated on the basis of.....with effect from 1st April 2010.
A
Daily Product basis
B
Minimum balance between 5th and last day of the month.
C
Minimum balance between 10th and last day of the month.
D
Monthly Product basis
Question 5
In service costing, fixed charges are also called as.....
A
Standing charges
B
variable charges
C
fixed charges
D
none of these
Question 6
The interstate purchases made by the Govt.deparmtnet not in the course of business are treated as:
A
B2B Supplies
B
B2C Supplies
C
B2C Subject to the quoting of the Departmental ID issued by SGST Officials
D
B2G Supplies
Question 7
An expenditure whose benefit is finished or enjoyed immediately is called
A
Expense
B
Liability
C
Cost
D
Income
Question 8
If there is difference of opinion to the members of the Review Committee, what will be the deemed inference?
A
A fit case of second appeal
B
An unfit case for second appeal
C
A case requiring legal opinion
D
A case to be referred in to the CGST Commissioner
Question 9
Which of the following fall under the qualitative method of credit control adopted by RBI?
A
Selective credit control
B
Moral suasion
C
Credit authorization scheme
D
All of the above
Question 10
Which one is also known as plastic money?
A
Credit card
B
Debit card
C
Paper cash
D
All of the above
Question 11
.....give item-wise information about the goods purchased, sold or returned during a particular period
A
columnar journal
B
journal proper
C
general journal
D
none of these
Question 12
Factory overhead is also called as.....
A
sundry overhead
B
extra overhead
C
works overhead
D
total overhead
Question 13
Central stationary department of SBI is located at
A
New Delhi
B
Kolkata
C
Mumbai
D
Chennai
Question 14
..... is one of the records of circulation section.
A
Accession Register
B
Day book
C
Catalogue Card
D
AACR-2 (R)
Question 15
Cost centre and cost unit are.....
A
not the same
B
the same
C
not related
D
none of these
Question 16
A project whose cash flows are more than capital invested for rate of return then net present value will be
A
positive
B
independent
C
negative
D
zero
Question 17
When Marginal Utility is positive, Total Utility
A
Increases
B
Decreases
C
Remains constant
D
Is highest
Question 18
Who issues treasury bills?
A
Reserve Bank of India, as the agent of the Central Government
B
Any govt. deptt. of state and central
C
Any Commercial Bank
D
All of the above
Question 19
The policy 'anticipate the profit and provide for all possible losses' arises due to
A
convention of consistency
B
convention of conservatism
C
convention of full disclosure
D
convention of materiality.
Question 20
For conducting..workers are studied at their jobs and all their movements and motions are noted.
A
Time study
B
Motion study
C
Merit rating
D
none of these
There are 20 questions to complete.

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