10000 MCQ /questions on commerce questions answers
The 'Principle of Exception' states that management should-
Check everything without exception
Invariably take corrective action without exception
Accept exceptions in emergencies
Concentrate their attention on exceptions
A person is entitled to take credit of input tax as self-assessed in the return and credited to Electronic credit ledger on
Partly Provisional and partly final basis
None of the above
A manager who is responsible for only cost of company belongs to
Consider the following statements.....
- Letter of credit cannot be opened by mail.
- Contracts of export of goods and services against payment to be secured partly or fully beyond 90 days are treated as deferred p
Both 1 and 2
Neither 1 nor 2
In a company the use of proce sensitive corporate information by the company people to make gains or cover loss known as?
The objective of library binding is.....of the library materials.
Which is the first-order condition for the profit of a firm to be maximum?
When can a refund claim be filed under provisions of section 142
Duty paid under the earlier law and exported prior to appointed date
Duty paid under the earlier law and exported after to appointed date
Duty paid after appointed date and exported after appointed
(a) and (b)
The most important element of cost in manufacturing industries is.....
Memorandum of association of a firm contains.....
rules regarding the internal management of the company
rules regarding the constitution and activities of the company
rules regarding the external management
rules regarding the constitution
What deductions are allowed from the transaction value
Discounts offered to customers, subject to conditions
Packing Charges, subject to conditions
Amount paid by customer on behalf of the supplier, subject to conditions
Freight charges incurred by the supplier for CIF terms of supply, subject to conditions
Difference between job time and attendance time is
Which is an example of ethical codes?
We believe in more production
We believe in assets
We believe in money
None of these
Which of the following subsidiary books serves the purpose of ledger too, in addition to the recording of accounting transaction?
Bills receivable book
Markets which deals with high liquid and short term debt securities are classified as
Job analysis provides information used for writing
What is a technology-enabled microchip implanted into the human body?
None of the above
What is meant by development Oriented banking?
Extending loans to States, which are un-development
Taking up the task of development of the economy by providing support to under privileged sections of the society
All the above
Consider the following basic steps involved in the process of control:
- Identifying the strategic control points
- Establishment of the standards
- Measuring performance against standards
- Correcting deviati
1, 4, 3, 2
1, 2, 3, 4
2, 1, 3, 4
2, 3, 1, 4
An analysis of data over successive past periods, which pertain to some plant, activity and organization is called
There are 20 questions to complete.