Commerce online quiz 267

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Terms used in manufacturing cost systems are
A
manufacturing costs
B
prime costs
C
conversion costs
D
both B and C
Question 2
In regression analysis, if observed cost value is 62 and predicted cost value is 29, then disturbance term would be
A
33
B
91
C
81
D
43
Question 3
Economic order quantity is that quantity at which cost of holding and carrying inventory is:
A
Maximum and equal
B
Minimum and equal
C
It can be maximum or minimum depending upon case to case
D
Minimum and unequal
Question 4
According to top rating agencies S&P; triple-A and double-A rating bonds are classified as an
A
extremely discounted
B
extremely safe
C
extremely risky
D
extremely inflated
Question 5
The loss incurred on an incomplete contract is transferred to.account.
A
Costing profit and loss account
B
profit and loss account
C
trading account
D
deferred to next year.
Question 6
AML stands for
A
After Money Liability
B
Anti Money Laundering
C
Anti Management Liability
D
None of the above
Question 7
..... is one which can be conveniently identified with and charged to a particular unit of cost.
A
Direct cost
B
Indirect cost
C
Overhead
D
none of these
Question 8
The in-principle approval granted by RBI for establishing new banks will be valid for a period of.....to comply completely with the requirements.
A
6 months
B
9 months
C
12 months
D
18 months
Question 9
Techniques of managerial control are useful in:
A
selection of Plant location
B
identifying appropriate technology
C
profit Planning
D
conducting shareholder's meetings
Question 10
Cash book records
A
Cash payments
B
Cash Receipts
C
Cash payments and cash receipts
D
Neither cash payments nor cash receipts
Question 11
Garner Vs. Murray rule applies in case of-
A
Admission of a partner
B
Dissolution of a firm
C
Retirement of a partner
D
Death of a partner
Question 12
Maintenance charges are in the nature of expenses.
A
Fixed
B
Variable
C
semi-variable
D
none of these
Question 13
Which of the following techniques of performance appraisal is least susceptible to personal bias?
A
360 degree Appraisal system
B
Forced-Choice method
C
Ranking Method
D
Check List
Question 14
The first electronic computer system was developed in-
A
1920
B
1940
C
1930
D
1950
Question 15
In Corporation characteristics, losses are subject to funds invested actually is considered as
A
limited liability
B
unlimited liability
C
general liability
D
controlled ownership liability
Question 16
MBO is a technique which requires that the objectives of the enterprise
A
Be written and defined in broad terms
B
Lay down the time period for achieving the desired results
C
Include a plan of action for achieving the desired result
D
Be defined in terms of measurable results
Question 17
Who shall make an application for advance ruling?
A
Department
B
Applicant
C
Appellate Authority
D
None of the above
Question 18
.....is a summary of all function budgets in a Capsule form.
A
Sales budget
B
Master Budget
C
Performance budget
D
Cash Budget
Question 19
Disinvestment Commission was set-up in-
A
1995
B
1996
C
1997
D
1998
Question 20
Loss from a speculation business of a particular A. Yr. can be set off in the same A. Yr. from
A
Profit and gains from any business
B
Profit and gains from any business other than speculation business
C
Income of speculation business
D
None of the above
There are 20 questions to complete.

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