Commerce online quiz 249

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Acid-test ratio should normally be
A
2:1
B
1:1
C
3:1
D
4:1
Question 2
For capital goods, proportionate credit is allowed
A
for business and non-business purpose
B
for business or non-business purpose
C
both of the above
D
none of the above
Question 3
All of the following are tools for optimizing a Web site's location in search engine listings except.....
A
keywords and page titles
B
identifying market niches
C
buying ads
D
benchmarking
Question 4
Printers use.....costing.
A
Process
B
Batch
C
job
D
contract
Question 5
M Narasimham headed
A
The working group constituted by the Government of India in July 1975 for the establishment of Regional Rural Banks
B
The committee on the financial system 1991
C
The committee on Banking Sector Reforms 1997
D
All of the above
Question 6
Partnership Deed is always?
A
Written
B
Oral
C
Written or Oral
D
Written and Oral
Question 7
According to incremental method, party which receives highest ranking in allocation of common cost is classified as
A
Third incremental party
B
second incremental party
C
primary party
D
First incremental party
Question 8
Demand curve is related to
A
MU curve
B
Marginal revenue
C
Both (a) and (b)
D
None of these
Question 9
When should the e-commerce operator remit the amount of TCS to government and file the necessary returns with the government?
A
Within 10 days after the end of the month in which such amount was collected
B
Within 10 days after the end of the month in which such amount was collected, but no time limit for filing the return
C
Within 10 days after the end of the month in which such amount was collected, but no time limit for paying the money
D
No time limit for both
Question 10
Whenever the goods will become a subject matter of confiscation in GST?
A
Supply in violation of the act and rules
B
Non-accounting of the taxable supplies
C
Taxable supply without having applied for registration
D
All of the Above
Question 11
Actual loss is more than the predetermined normal loss, it is.....
A
normal loss
B
abnormal loss
C
seasonal loss
D
standard loss
Question 12
In.....costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year:
A
Multiple
B
Process
C
Operation
D
single.
Question 13
Direct manufacturing labour costs is added into manufacturing overhead cost to calculate
A
transaction costs
B
conversion costs
C
resale costs
D
merchandise costs
Question 14
Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is.....
A
Job costing
B
Operating costing
C
Process Costing
D
both b and c
Question 15
Price of a product falls by 10% and its demand rises by 30%. The elasticity of demand is
A
10%
B
30%
C
3
D
1
Question 16
The profit ratio of A, B and C, who are partners in a firm, is 4: 3: 2. After D is admitted, their sacrificing ratio will be-
A
4: 3: 2
B
1: 3: 2
C
Equal
D
5: 3: 2
Question 17
Who is the 'father of economics'?
A
Max Muller
B
Adam Smith
C
Karl Marx
D
None of the above
Question 18
Positive minimum risk portfolio of any security shows that market security sold
A
equal to original price
B
equal to sum of stocks
C
less than original price
D
greater than original price
Question 19
MIGA stands for
A
Multilateral Investment Guarantee Agency
B
Multilateral Institutional and Government Agencies
C
Mutual Interest Guaranteeing Agencies
D
Mutual Institutional and Government Agencies
Question 20
Many a time we come across a term in banking sector "Retail Banking". What does it really mean?
A
Entirely to agricultural sector only
B
Only to individual customers in an integrated manner
C
Only to Self Help Groups for their Survival
D
Only to big corporate and business houses
There are 20 questions to complete.

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