Commerce online quiz 252

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Which of the following statements is 'True'?
A
Building Account is a nominal account
B
Outstanding rent account is a non-personal account
C
Every debit has a corresponding credit
D
Income is debited
Question 2
Difference between budgeted amounts and actual results is classified as
A
standard deviation
B
variances
C
mean average
D
weighted average
Question 3
The date by which the GSTN will auto populate the statement of inward supplies based on GSTR-1 at the end of the recipient of the supplies?
A
On 11th of the Next Month
B
On 15th of the Next Month
C
On 17th of the Next Month
D
On 20h of the Next Month
Question 4
A cash deposit made by business appears on the bank statement as..... balance
A
Debit
B
Credit
C
Expenses
D
Liability
Question 5
Amount spent on an advertisement campaign, the benefit of which is likely to last for three years is a
A
Capital expenditure
B
Revenue expenditure
C
Deferred revenue expenditure
D
None of the above
Question 6
Which of the following is not true about claiming refund of service tax under section 142?
A
Service tax is deposited under earlier law
B
Provision of service is complete under earlier law
C
Refund of service tax would be in cash
D
Refund claim should be within the time limit under section 11B(2) of the Central Excise Act, 1944
Question 7
Which of the following is not an intangible asset
A
stock
B
goodwill,
C
trade mark
D
patents.
Question 8
Which is the problem of marketing communication?
A
Distance
B
Hidden sources and data
C
Lack of trust
D
All of the above
Question 9
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 10
TQM's major emphasis is on
A
Company profitability
B
Product quality
C
Customer delight
D
Employee training
Question 11
A competitive firm maximizes profit at the output level where
A
Price equals marginal cost
B
The slope of the firm's profit function is equal to zero
C
Marginal revenue equals marginal cost
D
All of the above
Question 12
One of the items is not related with e-banking
A
Demand draft
B
SPMS
C
ECS
D
ATM
Question 13
Which of the following is a useful security mechanism when considering business strategy and IT?
A
encryption
B
decryption
C
firewall
D
all the above
Question 14
Project which is started by firm for increasing sales is classified as
A
new expansion project
B
old expanded project
C
firm borrowing project
D
product line selection
Question 15
The documents called for should be provided within.....
A
20 working days
B
15 working days
C
5 working days
D
45 working days
Question 16
According to capital asset pricing model assumptions, quantities of all assets are
A
given and fixed
B
not given and fixed
C
not given and variable
D
given and variable
Question 17
Cost of abnormal wastage is:
A
Charged to the product cost
B
Charged to the profit & loss account
C
charged partly to the product and partly profit & loss account
D
not charged at all
Question 18
Elasticity of supply refers to the degree of responsiveness of supply of a commodity to changes in its
A
Demand
B
Price
C
Cost of production
D
State of technology
Question 19
In a marine insurance, when must the insurable interest exist?
A
At the time of making contract
B
At the time of loss of subject matter
C
Both at the time of making contract and at the time of loss of subject matter
D
At the time of termination of the policy
Question 20
Positive income elasticity implies that as income rises, demand for the commodity
A
Rises
B
Falls
C
Remains unchanged
D
Becomes Zero
There are 20 questions to complete.

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