Commerce online quiz 279

By | August 21, 2018

NTA NET SURE SUCCESS!!! Solve all MCQ and QUIZ on this site. You will get many common questions in Final exam. Do not forget to tell your friends

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।)
To which one of the following aspects does an established pattern of relationships among the components of an organization refer?
A
Organization strategy
B
Organization structure
C
Organization process
D
Organization policy
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In sampling investigation, to arrive at valid conclusions, we may study?
A
Only a very small unit of a population
B
All the units of the population
C
Representative units of the population
D
None of these
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
"What is the company's breakeven point: Selling price-Rs 6 per unit Variable production cost-Rs 1.20 per unit Variable selling cost-Rs 0.40 per unit Fixed production cost-Rs 4 per unit Fixed selling cost-Rs 0.80 per unit Budgeted production and
A
8, 000 units
B
8, 333 units
C
10, 000 units
D
10, 909 units
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Assertion (A).It is no better to pay employees for little than to pay to much. Reason (R). Competent employees will remain competent forever.
A
(A) is true but (R) is false.
B
(R) is true but (A) is false.
C
Both (A) and (R) are true.
D
Both (A) and (R) are false
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
When actual loss is less than the estimated loss, the difference between the two is considered to be.....
A
Abnormal gain
B
abnormal loss
C
normal loss
D
income
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called-
A
Reinsurance
B
Double Insurance
C
Joint Insurance Policy
D
Separate Insurance
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What is the threshold limit of turnover in the preceding financial year for opting to pay tax under composition scheme?
A
Rs.20 lacs
B
Rs.10 lacs
C
Rs.50 lacs
D
None of the above
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If actual selling price is $500, actual result is $250 and actual units sold are 350, then selling price variance will be
A
$87, 500
B
$97, 500
C
$67, 500
D
$57, 500
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
.....determines the priorities of functional budget.
A
Principal Budget Factor
B
Limiting Factor
C
Both (A) and (B)
D
none of the above.
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Commissioner will notify the amount of liability within how many days of intimation
A
3 months
B
30 days
C
60 days
D
6 months
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A new business was set up on 15-11-2008 and it commenced its business from 1-12-2008. The first previous year in this case shall be
A
15-11-2008 to 31-3-2009
B
1-12-2008 to 31-3-2009
C
2008-2009
D
None of the above
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A firm business income is nil/negative. It shall still be allowed as deduction on account of remuneration to working partner to the maximum extent of
A
Actual remuneration paid as specified in partnership deed
B
Rs. 50, 000
C
Nil
D
None of the above
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Range of the coefficient of correlation is
A
2
B
$pm$ 1
C
$\pm$ 0.5
D
$\pm$ 0.25
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
There was increase in tax rate from 20% to 24% w.e.f. 1.6.2018. Which of the following rate is applicable when services are provided after change in rate of tax in June 2017 but invoice issued and payment received, both in April 2017
A
20% as it is lower of the two
B
24% as it is higher of the two
C
20% as invoice and payment were received prior to rate change
D
24% as the supply was completed after rate change
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In India GST was first proposed in.....
A
1993
B
1996
C
1999
D
2000 E. 2002
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Required rate of return, is multiplied per unit cost of purchased units to calculate
A
irrelevant inventory carrying costs
B
relevant opportunity cost of capital
C
relevant purchase order costs
D
relevant inventory carrying costs
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In calculation of net cash flow, deferred tax payments are classified as
A
non-cash revenues
B
non-cash charges
C
current liabilities
D
income expense
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Stock should include-
A
Goods held as security
B
Goods held as consignee
C
Goods with customers for approval on sale or return basis
D
Goods sold but not delivered
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A receipt is a capital receipt because
A
The amount is heavy
B
It is credited to capital account
C
It relates to fixed assets
D
It is received not in the regular course of business.
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which one out of the following is not an inventory valuation method?
A
FIFO
B
LIFO
C
Weighted Average
D
EOQ
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *