Commerce online quiz 264

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Which is the first bank to get ISO certificate?
A
ICICI
B
UBI
C
Canara Bank
D
Syndicate Bank
Question 2
Net worth is also called
A
asset net of liabilities
B
liabilities net of assets
C
earnings net on assets
D
liabilities net of earnings
Question 3
Suppose, one dealer has sent some goods to another dealer for Sales on Approval Basis. In absence of any confirmation even after 6 months, it will be treated as:
A
Sales Return
B
Deemed Supply of Goods
C
Purchase return
D
None of the Above
Question 4
Deduction U/s 80G on account of donation is allowed to
A
A business assessee only
B
Any assessee
C
Individual or HUF only
D
None of the above
Question 5
Can Banking Company or Financial Institution withdraw the option of availing actual credit or 50% credit anytime in the financial year?
A
Yes
B
No
C
Yes with permission of Authorized officer
D
Not applicable
Question 6
Promotion mix is the particular combination of promotional tools used by a company to..... with its audiences.
A
Communicate
B
Help
C
Purchasing Decision
D
Plan
Question 7
Inflation has become a major area of concern in India these days. What measures do the Govt of India / RBI normally take to control the same?
  1. Fixation of Maximum Prices of the Commodities.
  2. System of Dual Prices
A
Only 1 and 2
B
Only 3 and 4
C
Only 2, 3 and 4
D
All 1, 2, 3 and 4
Question 8
A large amount spent on special advertisement is-
A
Capital Expenditure
B
Revenue Expenditure
C
Revenue Loss
D
Deferred Revenue Expenditure
Question 9
Which one of the following is true about Planning Commission?
A
It is a Ministry
B
It is a Government Department
C
It is an Advisory Body
D
It is an Autonomous Corporation
Question 10
Cost accounting records both monetary and units.
A
cost
B
Physical
C
both a & b
D
none of these.
Question 11
Committee, launched the process of reforms of financial system in India:
A
Gadgil committee
B
Nariman committee
C
Narasimham committee
D
khanna Committee
Question 12
The debts which are to be repaid within a short period (year or less) are known as
A
Current liabilities
B
Fixed liabilities
C
Contingent liabilities
D
All of the above
Question 13
If the inputs or capital goods are considered as deemed supply in the hands of principal then, whether ITC of such output tax charged by the principal can be claimed by the Job worker?
A
Yes
B
No
C
Such claim cannot be made
D
None of the above
Question 14
Insurance and garage rent is.....
A
fixed charges
B
maintenance charges
C
operating charges
D
running charges
Question 15
By which of the following methods a Company Secretary can be removed from his post?
A
By passing a resolution in Board Meeting
B
By order of Registrar of Companies
C
By passing a resolution in Annual General Meeting
D
None of the above
Question 16
Whether Alcoholic Liquor for industrial and other usages is taxable under GST?
A
No
B
Yes
C
Exempted
D
Non-Taxable
Question 17
The basic elements of website is.
A
Home page
B
Web pages
C
Links and banners
D
All the above
Question 18
Corporations such as Citigroup, American Express and Fidelity are classified as
A
financial services corporations
B
common service corporations
C
preferred service corporations
D
commercial service corporations
Question 19
Which of the following is an intrastate supply?
A
Supplier of goods located in Delhi and place of supply of goods SEZ located in Delhi
B
Supplier of goods located in Delhi and place of supply of goods in Jaipur
C
Supplier of goods located in Delhi and place of supply of goods in Delhi
D
All the above
Question 20
When a transaction is processed online, how can the merchant verify the customer's identity?
A
use secure sockets layers
B
use secure electronic transactions
C
use electronic data interchange
D
use financial electronic data interchange
There are 20 questions to complete.

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