Commerce online quiz 243

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The licence necessary to obtain foreign exchange to pay for the imports, is called
A
Foreign exchange licence
B
Import licence
C
Quota licence
D
None of the above
Question 2
In process costing method, when work done in current accounting period and beginning inventory before current accounting period, is classified as
A
partial inventory costing method
B
current period inventory method
C
Last-in, first-out method
D
First-in, first-out method
Question 3
Which is the first Indian company to be listed in NASDAQ?
A
Infosys
B
Reliance
C
TCS
D
HCL
Question 4
All of the following are potential benefits of B2B e-commerce except.....
A
reduced amount of 'first-mover' advantages
B
decreased product cycle time
C
increased opportunities for collaborating with suppliers and distributors
D
increased production flexibility
Question 5
The permissible number of business verticals in a State in GST will be:
A
25
B
30
C
35
D
40
Question 6
Till what period does the order passed for provisional attachment is valid?
A
Infinite period
B
Ten years
C
One year
D
Till the end of such proceedings
Question 7
Changing the accounting policy to show the rosy picture of business is called.....
A
manipulation
B
conservatism
C
window dressing
D
none of these
Question 8
M3 currency is also called as.....
A
Narrow Money
B
Smart Money
C
Broad Money
D
Hard Money
Question 9
The transformation of resources into economic goods and services is called
A
Technical efficiency
B
Input
C
Production
D
Increasing returns
Question 10
The First return shall be filed by every registered taxable person for the period from
A
The date on which he became liable for registration till the date of grant of registration
B
The date of registration to the last day of that month
C
The date on which he became liable for registration till the last day of that month
D
All of the above
Question 11
Which of the following assets are shown at written down value in Balance sheet?
A
Current assets
B
Liquid asset
C
Floating assets
D
Fixed asset
Question 12
Which of the following are closed at the end of an accounting period?
A
Nominal accounts
B
Personal accounts
C
Real accounts
D
None of them
Question 13
Which of the following is the apex institution which handles refinance for agriculture and rural development in India?
A
RBI
B
SIDBI
C
NABARD
D
SEBI
Question 14
Collection of net income, amortization and depreciation is divided by common shares outstanding to calculate
A
cash flow of financing activities
B
cash flow per share
C
cash flow of investment
D
cash flow of operations
Question 15
Members of Bombay stock exchange are unofficially classified into.....
A
brokers and jobbers
B
brokers and tarawaniwalas
C
jobbers and tarawaniwalas
D
there is no such classification of members of stock exchange
Question 16
.....forms part of cost of production.
A
Abnormal waste
B
normal waste
C
Both (A) and (B)
D
none of these
Question 17
Practice, which makes target more achievable by underestimating revenues or overestimating cost is called
A
cost slack
B
target slack
C
budgetary slack
D
revenue slack
Question 18
An additional desired compensation by investors for assuming an additional risk on investment is classified as
A
risk premium
B
investor premium
C
additional premium
D
assumed premium
Question 19
All the following curves are U-shaped except
A
AVC
B
AFC
C
AC
D
MC
Question 20
Import/Export is treated as..... in GST?
A
Intra-state supply
B
Inter-state supply
C
Non-taxable supply
D
Exempted supply
There are 20 questions to complete.

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