Commerce online quiz 276

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।)
Which method of inventory valuation helps in reducing the burden of income tax in times of rising prices?
A
Last-in-first-out
B
First-in-first-out
C
Average cost
D
Base stock method
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The most liquid asset among the following is?
A
Gold
B
Share
C
Cash
D
land
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An isoquant slopes
A
Downward to the left
B
Downward to the right
C
Upward to the right
D
Upward to the left
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Under the head Business or Profession, the method of accounting which an assessee can follow shall be
A
Mercantile system only
B
Cash system only
C
Mercantile or cash system only
D
Hybrid system
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Projects which are mutually exclusive but different on scale of production or time of completion then the
A
external return method
B
net present value of method
C
net future value method
D
internal return method
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A business transaction affects
A
at least one account
B
maximum of three accounts.
C
maximum of two accounts
D
at least two account
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is an argument for the relevance of dividends?
A
Informational content
B
Reduction of uncertainty
C
Some investors' preference for current income
D
All of the above.
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Telephone expense is.....expense.
A
Variable
B
semi-variable
C
fixed
D
none of these
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The trade discount on purchases is recorded
A
When it is received
B
When the inventory is purchased
C
When the inventory is sold
D
Not at all recorded in the books
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Depreciation is.....expenditure.
A
fixed
B
variable
C
adjustable
D
Semi-variable
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Problem: 5 students secure less than 3 marks 12 students secure less than 6 marks 25 students secure less than 9 marks 33 students secure less than 12 marks In the above problem, the number of students secure between 6 to 12 marks will be?
A
12
B
21
C
25
D
13
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
IGST is levied and collected is.....?
A
Allotted to centre only
B
Allotted to states only
C
Allotted to UT's only
D
Apportioned between centre and states
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
On 27th June 1967, which bank installed the first ATM in North London?
A
Citi Bank
B
Bank of London
C
SCB
D
Barclays Bank
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The profit on the reissue of forfeited share are transferred to
A
Capital A/ c
B
Capital Reserve
C
Profit & Loss A/c
D
General Issues
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Total Agricultural advances must be..... percent of Net Bank Credit (NBC) for domestic banks?
A
24
B
60
C
15
D
18
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is not a feature of an optimal capital structure?
A
Safety
B
Flexibility
C
Control
D
Solvency
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Third step in calculating value of stock with non-constant growth rate is to find
A
PV of expected dividends
B
FV of expected dividends
C
PV of intrinsic rate
D
FV of intrinsic rate
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Material abstract is also known as
A
Material issue analysis sheet
B
bill of materials
C
stores ledger
D
none of the above
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The expression 'firm' would include a.....
A
Company
B
LLP
C
HUF
D
AOP
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as
A
reduced work
B
spoilage
C
rework
D
scrap
There are 20 questions to complete.

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