Commerce online quiz 276

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
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
The most liquid asset among the following is?
A
Gold
B
Share
C
Cash
D
land
Question 3
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
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
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
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
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
Telephone expense is.....expense.
A
Variable
B
semi-variable
C
fixed
D
none of these
Question 9
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
Depreciation is.....expenditure.
A
fixed
B
variable
C
adjustable
D
Semi-variable
Question 11
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
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
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
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
Total Agricultural advances must be..... percent of Net Bank Credit (NBC) for domestic banks?
A
24
B
60
C
15
D
18
Question 16
Which of the following is not a feature of an optimal capital structure?
A
Safety
B
Flexibility
C
Control
D
Solvency
Question 17
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
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
The expression 'firm' would include a.....
A
Company
B
LLP
C
HUF
D
AOP
Question 20
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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