Commerce online quiz 256

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Internal Auditor is appointed by the:
A
shareholders of the company
B
Statutory auditor
C
Institute of internal Auditors of India
D
Board of Directors of the Company
Question 2
Which type of subsidies are provided to industrial research and pro competitive development activity in disadvantaged regions?
A
Prohibited subsidies
B
Actionable subsidies
C
Non-actionable subsidies
D
None of the above
Question 3
Ability to trade at net price very quickly is classified as
A
original trading
B
liquidity
C
offline trading
D
fixed price trading
Question 4
Which one of the following statements is correct? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity, it would
A
improve liquidity
B
reduce liquidity
C
have no effect on liquidity
D
improve financial position
Question 5
Total utility is maximum when
A
Marginal utility is zero
B
Marginal utility is at its highest point
C
Marginal utility is equal to average
D
Average utility is maximum
Question 6
Which of the following is not a type of interview?
A
Depth Interview
B
Interview Rating Firm
C
Panel Interview
D
Productive Interview
Question 7
Other factors held constant, but lesser project liquidity is because of
A
shorter payback period
B
greater payback period
C
less project return
D
greater project return
Question 8
Markets which deal with buying and selling of bonds, mortgages, notes and stocks are considered as
A
financial instruments
B
financial asset markets
C
physical asset markets
D
easy markets
Question 9
Principal entitled for input tax credit on capital goods if sent for job work
A
If goods sent are returned within one year
B
If goods sent are returned within three years
C
If goods sent are returned within six months
D
If goods sent are returned within nine months
Question 10
Fixed assets received as a gift will be credited to-
A
Donor's A/c
B
Capital Reserve A/c
C
Capital A/c
D
Profit & Loss A/c
Question 11
Expected returns weighted average on assets in portfolio is considered as
A
weighted portfolio
B
expected return on portfolio
C
coefficient of portfolio
D
expected assets
Question 12
One of the Fundamental accounting assumption is
A
Materiality
B
Going concern
C
Business entity
D
Dual aspect
Question 13
What are the conditions for filing an application for settlement? (i) Filing of the returns, if the same is not waived by the settlement commission (ii) Receipt of SCN or Appeal pending before the FAA (iii) Additional admitted tax in the application for
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
i, ii, iii & iv
Question 14
Price per share is Rs 30 and an earning per share is Rs 3.5 then price for earning ratio would be
A
8.57 times
B
8.57%
C
0.11 times
D
11.00%
Question 15
Number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate
A
annual irrelevant ordering costs
B
annual relevant carrying costs
C
annual relevant ordering costs
D
annual irrelevant carrying costs
Question 16
Maintaining a foreign currency account is helpful to
A
Avoid transaction cost.
B
Avoid exchange risk.
C
Avoid both transaction cost and exchange risk.
D
Avoid exchange risk and domestic currency depreciation
Question 17
Which of the following is a personal account?
A
Outstanding Expense
B
Investment
C
Share premium
D
Salary
Question 18
What should the taxable person do if he pay's tax under wrong GSTIN?
A
Pay again under right GSTIN and claim refund
B
Auto-adjustment
C
Adjustment on application/request
D
Raise ISD invoice and transfer
Question 19
FEMA stands for.....
A
Foreign Exchange Management Act
B
Funds Exchange Management Act
C
Finance Enhancement Monetary Act
D
Future Exchange Management Act
Question 20
An increase in CRR by RBI leads to:
A
Decrease in deposit
B
Increase in deposit
C
Increase in lendable resources
D
Decrease in lendable resources
There are 20 questions to complete.

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