Commerce online quiz 244

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Income elasticity is computed by
A
ei = (Y2-Y1 ) / e1
B
ei = (Y1-Y2 ) / P1
C
ei = ( (Q2-Q1 ) / Q1) / ((Y2-Y1 ) / Y1)
D
ei = (Q2-Q1 ) / P1
Question 2
The situation of monopolistic competition is created by
A
Small number of producers of a commodity
B
Lack of homogeneity of the product produced by different firms
C
Imperfection of the market for that product
D
All of the above
Question 3
Spearman's method of calculating coefficient of correlation is based on
A
Position
B
Rank
C
Actual pictures
D
None of the above
Question 4
is the oldest branch of accounting.
A
Financial accounting
B
cost accounting
C
management accounting
D
none of these
Question 5
Which is the most important characteristic that all assets of a business have?
A
Long life of assets
B
Value of assets
C
Intangible nature of assets
D
Future economic benefits
Question 6
Costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as
A
stock-out costs
B
ordering costs
C
carrying costs
D
purchasing costs
Question 7
When the perfectly competitive firm and industry are in long run equilibrium, then
A
P = MR = SAC = LAC
B
D = MR = SMC = LMC
C
P = MR = Lowest point on the LAC curve
D
All of the above
Question 8
Which one of the following is not one of the elements of the 75 McKinsey Model for analyzing and improving organizational effectiveness?
A
Strategy
B
Structure
C
Shared Values
D
Standard
Question 9
Which of the following is NOT a source of funds of a commercial bank?
A
Capital
B
Borrowings from RBI
C
Call money
D
Cash reserves with RBI
Question 10
Assume that consumer's income and the number of sellers in the market for good X both falls. Based on this information, we can conclude with certaintty that the equilibrium
A
Price will decrease
B
Price will increase
C
Quantity will decrease
D
Quantity will increase
Question 11
Relationship between independent variable and dependent variable must be
A
general ledger
B
non-achievable
C
non measureable
D
economically plausible
Question 12
MBO approach in management was introduced by-
A
M. P. Follet
B
Keith Davis
C
Peter Drucker
D
Oliver Sheldon
Question 13
Assertion (A): A company registered under the Companies Act, 1956 is a juridical person distinct from its members. Reason (R): Corporate veil cannot be lifted.
A
Both A and R are true and R is the correct explanation of A
B
Both A and R are true but R is NOT a correct explanation of A
C
A is true but R is false
D
A is false but R is true
Question 14
.....does not form part of production.
A
Abnormal waste
B
normal waste
C
Both (A) and (B)
D
none of these
Question 15
High price to earning ratio shows company's
A
low dividends paid
B
high risk prospect
C
high growth prospect
D
high marginal rate
Question 16
While entering the library, the personal belongings of a reader is kept in.....
A
Cloak Room
B
Property Counter
C
Gate counter
D
Store room
Question 17
In stock option, a little chance exists for large gain on stock when price of stock
A
have volatile movement
B
moves freely
C
rarely moves
D
stays same
Question 18
In specification analysis, assumptions related to residuals states must be
A
worst
B
independent
C
dependent
D
good
Question 19
In the case of agricultural advances, banks shall not obtain collateral security for loans up to.....
A
Rs 25, 000
B
Rs 50, 000
C
Rs 100, 000
D
Rs 200, 000
Question 20
Suppose a goods vehicle contains 10 consignments having a total value of Rs.4, 20, 000/-. Out of the above 2 consignments are of a transactions value of Rs.60, 000/-and 72, 000/-respectively whereas the individual value of the remaining 8 consignmentsare l
A
10 e-generated prescribed documents from the common portal for transportation
B
2 e-generated prescribed document in respect of the entire consignment
C
2 e-generated documents in respect of the consignment having he transaction value of more than Rs.50, 000/-
D
No E-generated Document at all
There are 20 questions to complete.

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