Commerce online quiz 253

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are
A
1800 units
B
1500 units
C
1300 units
D
1500 units
Question 2
X draws a bill on Y. X endorsed the bill to Z. Who is the Payee
A
X
B
Y
C
Z
D
None of the above
Question 3
An outstanding bonds are also classified as
A
standing bonds
B
outdated bonds
C
dated bonds
D
seasoned bonds
Question 4
If relevant opportunity cost of capital is $2950 and relevant carrying cost of inventory is $6700, then relevant incremental cost will be
A
$9, 650
B
$2, 350
C
$3, 750
D
$2, 750
Question 5
In the case of a straight-line demand curve meeting the two axes, the price-elasticity of demand at the mid-point of the line would be
A
0
B
1
C
1.5
D
2
Question 6
This is the Government's strategy in respect of public expenditure and revenue which have a significant impact on business
A
Monetory Policy
B
Fiscal Policy
C
Trade Policy
D
Foreign exchange policy
Question 7
Consider the following
  1. Pricing objective
  2. Pricing methods
  3. Pricing strategies
  4. Pricing decision
Arrange them in correct sequence
A
(i), (iii), (ii), (iv)
B
(i), (iv), (iii), (ii)
C
(ii), (i), (iv), (iii)
D
(iv), (ii), (iii), (i)
Question 8
Input tax credit on capital goods and Inputs can be availed in
A
In thirty six installments
B
In twelve installments
C
In one installment
D
In six installments
Question 9
The cost of one thing in terms of the alternative given up is called
A
Real cost
B
Production cost
C
Physical cost
D
Opportunity cost
Question 10
Partnership may come into existence by-
A
The operation of law
B
An express agreement only
C
An express or implied agreement only
D
Inheritance of property
Question 11
The power to issue order for arrest will be vested upon?
A
Commissioner of CGST/SGST
B
Joint Commissioner of CGST/SGST
C
Deputy Commissioner/Assistant Commissioner of CGST/SGST
D
Any of the Above
Question 12
Non-economic activities aim at.....
A
social service
B
profit maximization
C
consumer satisfaction
D
wealth
Question 13
When the Cross Price Elasticity of demand between two goods is zero then those goods are called?
A
Independent goods
B
Luxury goods
C
Substitute goods
D
Complementary goods
Question 14
If you need to transfer money to another person via the internet, which of the following methods could you use?
A
financial cybermediary
B
electronic check
C
electronic bill presentment and payment
D
all of the above
Question 15
The most popular type of media in terms of total hours of consumption per year is.....
A
television
B
radio
C
Internet
D
newspaper
Question 16
Risk of doing business in particular country and arises from foreign investments is classified as
A
country risk
B
foreign risk
C
proffered risk
D
common risk
Question 17
Which of the following errors are not disclosed by Trial Balance?
A
Compensatory Errors
B
Errors of Principle
C
Errors of Omission
D
All the three
Question 18
Number of units are 5000 and per unit price is $60, then flexible budget variable would be
A
$5, 000, 000
B
$3, 000, 000
C
$2, 000, 000
D
$1, 000, 000
Question 19
Which of the following is the largest online travel service?
A
Travelocity
B
Orbitz
C
Priceline
D
Expedia
Question 20
When output of earlier process is transferred at a profit to the subsequent process, it is.....
A
inter departmental profit
B
abnormal gain
C
inter process profit
D
manufacturing profit
There are 20 questions to complete.

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