Commerce online quiz 263

By | August 21, 2018

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10000 MCQ /questions on commerce questions answers

Question 1 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Select the incorrect statement/statements about the co-operative banks in India from given choices: i. Co-operative banks are small sized units organized in the cooperative sector, which operate both in urban and non-urban centers. ii. They are regulated
A
Only I
B
Only ii
C
Both i and ii
D
Neither i and ii
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What are the consequences, where a registered person fails to furnish the return required under Section 39 or Section 45, even after the service of a notice under Section 46?
A
The proper officer may proceed to assess the tax liability of the said person to the best of his judgement.
B
issue an assessment order within a period of five years from the date specified under Section 44
C
Either (a) or (b)
D
Both (a) and (b)
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is the most valid reason for India to export gold to Bank of England in 1991?
A
To set up India-UK bilateral relationship
B
India returned UK gold
C
To meet foreign exchange crisis
D
For Investment in Bristish companies
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
According to Black Scholes model, purchaser can borrow fraction of security at risk free interest rate which is
A
short term
B
long term
C
transaction cost
D
no transaction cost
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Financial security issued by banks operating outside U.S is classified as
A
dollar bonds
B
euro deposits
C
Eurodollar market deposits
D
euro bonds
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An increase in marginal cost of capital and capital rationing are two arising complications of
A
maximum capital budget
B
greater capital budget
C
optimal capital budget
D
minimum capital budget
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A person shall not be appointed as Director if he is found to be of unsound mind by:
A
the company
B
the company court
C
a court of competent jurisdiction and the finding is in force
D
the shareholder
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Type of financial securities that matures in less than a year are classified as
A
money market securities
B
capital market securities
C
saving intermediaries
D
discounted intermediaries
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Discounted cash flow analysis is also classified as
A
time value of stock
B
time value of money
C
time value of bonds
D
time value of treasury bonds
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Professionals such as doctors, accountants and lawyers often make corporations are classified as
A
general professionals
B
Professional Corporation
C
professional association
D
Both B and C
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Basis of apportionment of creche expenses is..
A
Number of employees
B
number of female employees
C
number of male employees
D
both b&c
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
On the death of a partner the amount of joint life insurance policy should be credited to the Capital A/c of-
A
All partners (including deceased one) in their profit sharing ratio)
B
Remaining partners in their old profit sharing ratio
C
Remaining partners equally
D
All partners (including deceased) in their capital ratio
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The following is (are) the current liability (ies)
A
Bills payable
B
Outstanding expenses
C
Bank Overdraft
D
All of the above
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The principle of indemnity does not apply to.....
A
Burglary insurance
B
Fire Insurance
C
Marine Insurance
D
Life and Personal Accident insurance
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Fully paid-up shares are called.....
A
Securities
B
Stock
C
Dividends
D
Debentures
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Market where market makers keep record of stock of financial instruments is classified as
A
stock market
B
dealer market
C
outcry auction system
D
face to face communication
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Service costing is used in industries producing.....
A
Products
B
service
C
Both (A) and (B)
D
none of these
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Method which divides support department cost into two dimensions such as fixed and variable cost pool is classified as
A
sales mix allocation method
B
dual-rate cost-allocation method
C
single rate cost allocation method
D
quantity variance allocation method
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Current audit is also known as-
A
Internal Audit
B
Periodic Audit
C
Continuous Audit
D
Interim Audit
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Point in joint production process, in which two or more products are separately identifiable is termed as
A
step down point
B
incremental point
C
split off point
D
inseparability point
There are 20 questions to complete.

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