Commerce online quiz 275

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The current ratio of a company is 2: 1. Which of the following suggestions would improve the ratio?
A
To pay a current liability
B
To borrow money on an interest-bearing promissory note
C
To purchase stocks for cash
D
To give an interest-bearing promissory note to a creditor to whom money was owed on current account
Question 2
The Investment Fluctuation Reserves (IFR) created by Banks will hep them in managing
A
Interest Rate Risk
B
CRR
C
SLR
D
Foreign Currency Account
Question 3
Indian Partnership Act was passed in the year-
A
1956
B
1936
C
1932
D
1930
Question 4
Unpresented cheques are also referred to as
A
Uncollected cheques
B
Uncredited cheques
C
Outstanding cheques
D
Bounced cheques
Question 5
Provision for cash discount on debtors is a percentage of
A
Debtors
B
Net debtors
C
Net debtors less provision for doubtful debts
D
Net sales
Question 6
In line and staff organisation the staff performs the function of
A
Management
B
Advising the management
C
Assigning responsibility
D
None of the above
Question 7
ITC is allowed only on those goods and /or Services which are intended for making:
A
Taxable Supplies
B
Zero Rated Supplies
C
Both (A) and (B) above
D
Even on Taxable Inward Supply and Non-Taxable Local or Interstate Supplies
Question 8
If demand is inelastic, a change in the price
A
Will change the quantity in same direction
B
Will change total revenue in same direction
C
Will change total revenue in the opposite direction
D
Will not change total revenue
Question 9
If any objection from either of the Registering Authority, the objection curing by the applicant in GST REG-04 and its subsequent Approval/Disapproval by GST Officials should be within:
A
Within 3 common working days from the date of the receipt of the clarification
B
Within 5 common working days from the date of the receipt of the clarification
C
Within 7 common working days from the date of the receipt of the clarification
D
Within 14 common working days from the date of the receipt of the clarification
Question 10
As per Schedule VI of the Companies' Act, 1956, Forfeited Share Account will be-
A
Added to paid up capital
B
Deducted from called up capital
C
Added to capital reserve
D
Shown as a revenue reserve
Question 11
Strategy is used in-
A
Military
B
Business
C
Industry
D
All of the above
Question 12
An entry with more than one debit or credit is known as
A
Compound entry
B
Singly entry
C
Multiple entry
D
Double entry
Question 13
The scope of MRTP Act, since 1992, has been confined only to the regulation of:
A
consumer monopolies
B
monopolistic trade practices
C
restrictive and unfair trade practices
D
restrictive trade practices
Question 14
The first stock exchange in the world is.....
A
Mumbai stock exchange
B
American stock exchange
C
London stock exchange
D
France stock exchange
Question 15
In case the person does not deposit tax collected in contravention of Section 76, is the same recoverable with interest?
A
Yes
B
No
C
At proper officer's discretion
D
None of the above
Question 16
Fax is used for-
A
Sending telephonic message
B
Sending copies of documents
C
Exercising control
D
Decision making
Question 17
Operating Leverage is the response of changes in.....
A
EBIT to the changes in sales
B
EPS to the changes in EBIT
C
Production to the changes in sales
D
None of the above
Question 18
A skillful method of providing means mechanism and structural elements to. streamline organizational work is known as.....
A
Strategic planning
B
Role analysis
C
Work culture
D
Autonomous planning
Question 19
In expected rate of return for constant growth, dividends are expected to grow but with the
A
constant rate
B
variable rate
C
yielding rate
D
returning yield
Question 20
An expected rate of return is denoted by
A
e-bar
B
r-bar
C
r-hat
D
e-hat
There are 20 questions to complete.

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