Commerce online quiz 250

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
A speculator who expects prices to fall in future and sell securities is called as.....
A
bear
B
bull
C
stag
D
lame duck
Question 2
The basic consideration(s) in distinction between capital and revenue expenditure is/are
A
Nature of business
B
Effect on revenue generating capacity of the business
C
Purpose of expenses
D
All of the above
Question 3
Weighted average cost of debt, preferred stock and common equity is classified as
A
cost of salvage
B
cost of interest
C
cost of taxation
D
cost of capital
Question 4
A firm under perfect competition is
A
Price maker
B
Price breaker
C
Price taker
D
Price shaker
Question 5
The following is a statement of revenues and expenses for a specific period of time
A
Trading account
B
Trial Balance
C
Profit & Loss statements
D
Balance Sheet
Question 6
The maximum permissible adjournment for personal hearing in a First Appeal or second appeal before the Tribunal will be:
A
Not more than 1
B
Not more than 3
C
Not more than 2
D
Not more than 4
Question 7
Which of the following method of wage payment is most suitable where the speed of production is beyond the control of worker?
A
Time rate system
B
Piece rate system
C
Halsey premium system
D
Rowan premium plan
Question 8
The gap between two General Meetings of the Company should not be more than-
A
12 months
B
18 months
C
15 months
D
20 months
Question 9
In case of inferior goods, the income elasticity is
A
Zero
B
Positive
C
Negative
D
None
Question 10
Package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called
A
step down product
B
dual mix product
C
bundled product
D
reciprocal product
Question 11
What is the shape of the average fixed cost (AFC) curve?
A
U-shape
B
Horizontal up to a point and then rising
C
Sloping down towards the right
D
Rectangular hyperbola
Question 12
Which e-government arena is being used when governmental agencies send out and accept bids for work?
A
G2G
B
G2B
C
G2C
D
G2G
Question 13
In adjustment issues of costing, database must consider wide range values of
A
fixed object
B
cost driver
C
cost object
D
mixed object
Question 14
Situation in financial options in which strike price is less than current price of stock is classified as
A
in-the-money
B
out-of-the-money
C
out-of-the-portfolio
D
in-the-portfolio
Question 15
No journal entry is required to be passed when there is
A
Loss by theft
B
Normal loss
C
Loss of bad debts
D
Abnormal loss of business
Question 16
Exercising a degree of caution in the case of judgements needed under the condition of uncertainity is the assumption of which of the following accounting concepts?
A
Matching concept
B
Timeliness concept
C
Accrual concept
D
Prudence concept
Question 17
Under trading means.
A
Having low amount of working capital
B
High turnover of working capital
C
Sales are less compared to assets employed
D
Low turnover of working capital
Question 18
What defines all of the steps or business rules, from beginning to end, required for a process to run correctly?
A
Workflow
B
EIP
C
Workflow system
D
SLA
Question 19
A budget which mainly covers items of current revenue and expenditure is called...
A
Programme budget
B
Welfare economics
C
Current budgeting
D
Capital budgeting
Question 20
CGST and SGST will be levied on;
A
Intra-state supply
B
Inter-state supply
C
Import
D
Export
There are 20 questions to complete.

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