Commerce online quiz 262

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
"Calculate workers recruited and joined from the following: Labour turnover rates are 20%, 10% and 6% respectively under Flux method, Replacement method andSeparation method No of workers replaced during the quarter is 80"
A
112
B
80
C
48
D
64
Question 2
Human resource planning system includes
A
Human resource supply forecast
B
Human resource inventory
C
Corporate plan
D
All of the above
Question 3
In the application for settlement of cases, voluntary and full disclosures of certain facts are compulsory. What are they?
A
Undisclosed tax liability before the proper officer of IGST
B
Manner of deriving the undisclosed tax liability
C
Additional admitted tax details, misclassification and exemption notification details
D
All of the above
Question 4
A registered taxable person other than ISD, non-resident tax payer & a person paying tax under section 10, 51 or 52, shall file its periodical in
A
Form GSTR 3 by 18th of the month succeeding the quarter
B
Form GSTR 4 by 18th of the month succeeding the quarter
C
Form GSTR 4 by 18th of the succeeding month
D
Form GSTR 3 by 20th of the succeeding month
Question 5
The Advance Ruling Authority shall comprise of
A
One member from amongst the officers of Central tax.
B
One member from amongst the officers of State tax or Union Territory tax as the case may be.
C
(a) & (b)
D
None of the above
Question 6
The structure of the cold drink industry in India is best described as
A
Perfectly competitive
B
Monopoly
C
Oligopoly
D
Monopolistically competitive
Question 7
Due to coordination-
A
There is a unity of order
B
There is a unity of direction
C
There is a leadership
D
Employees are motivated
Question 8
"A company manufactures a single product for which cost and selling price data are as follows: Selling price per unit-Rs 12 Variable cost per unit-Rs 8 Fixed cost for a period-Rs 98, 000 Budgeted sales for a period-30, 000 units The margin of safet
A
0.2
B
0.25
C
0.73
D
1.25
Question 9
An official entity that represents bondholders and ensures stated rules in indenture is classified as
A
trustee
B
trust
C
stated entity
D
owner entity
Question 10
First factor in Fama French three factor model is
A
CAPM stock beta
B
economic stock beta
C
CAPM portfolio beta
D
CAPM realized beta
Question 11
Bonus under Halsey plan is paid.....
A
at 50% of time saved
B
at 75% of time saved
C
at 80% of time saved
D
at 90% of time saved
Question 12
A contract that gives the buyer the right to buy commodity or a foreign currency from the seller at a fixed price is called as
A
put option
B
call option
C
cross option
D
currency swap
Question 13
The three broad types of productive resources are
A
Money, profit and interest
B
Capital, labour and natural resources
C
Bond, stock shares and deposits
D
Technology, human capital and markets
Question 14
Those transactions for which there is no separate book, are recorded in the
A
Cash book
B
Bills receivable book
C
Bills payable book
D
Journal Proper
Question 15
Total amount of depreciation charged on long term assets is classified as
A
accumulated depreciation
B
depleted depreciation
C
accumulated appreciation
D
accumulated appreciation schedule
Question 16
A profit centre is a centre.....
A
Where the manager has the responsibility of generating and maximising profits
B
Which is concerned with earning an adequate Return on Investment
C
Both of the above
D
Which manages cost
Question 17
Which of the following steps of purchase decision process is in sequence?
  1. Problem recognition
  2. Search for alternative
  3. Evaluation of alternative
  4. Purchase action
  5. Post purchase action
A
1, 3, 2, 4, 5
B
1, 2, 4, 3, 5
C
2, 1, 3, 5, 4
D
1, 2, 3, 4, 5
Question 18
An assessee obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. It can avail credit on inputs lying in stock. What is the time limit for taking
A
1 year from the date of invoice
B
3 year from the date of invoice
C
5 year from the date of invoice
D
None of the above
Question 19
An instrument of qualitative credit control in India is.....
A
Open Market Operation
B
Credit Rationing
C
Charge in reserve ratio
D
Bank rate policy
Question 20
Provisional Input tax credit can be utilized against
A
Any Tax liability
B
Self Assessed output Tax liability
C
Interest and Penalty
D
Fine
There are 20 questions to complete.

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