Commerce online quiz 28

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Payments for the books purchased can be made only after
A
Accessioning
B
Classification
C
Cataloguing
D
Arrangement in the shelve
Question 2
Bin Card is a?
A
Quantitative as well as value wise records of material received, issued and balance
B
Quantitative record of material received, issued and balance
C
Value wise records of material received, issued and balance
D
a record of labour attendance
Question 3
If market interest rate fall below coupon rate then bond will be sold
A
below its par value
B
above its par value
C
equal to return rate
D
seasoned price
Question 4
In cause and effect relationship between cost level and cost driver, inflationary price effects are removed by dividing cost through
A
price index
B
cost index
C
profit index
D
cost driver index
Question 5
In case no satisfactory explanation is furnished for the discrepancies within a period of thirty days of being informed by the proper officer or such further period as may be permitted proper officer may initiate appropriate action: (i) under Section 65
A
Only i & iii
B
Only ii & iv
C
Only ii, iii & iv
D
Any of the above
Question 6
"Treating a revenue expenditure as a capital expenditure" is an example of
A
Compensating error
B
Error of principle
C
Error of omission
D
Error of commission
Question 7
In line and staff organisation, the authority lies in
A
Line
B
Staff
C
Both line and staff
D
None of the above
Question 8
A liability which arises only on the happening of an uncertain event
A
Current liability
B
Non liability
C
Long term liability
D
Contingent liability
Question 9
One of the delivery channel for Micro Finance is SHG model. SHG means?
A
Soar Help Group
B
Sake Help Group
C
Self Hope Group
D
Self Help Group
Question 10
Which one of the following is the most appropriate task of office management?
A
Creation of profit centre
B
Creation of control centre
C
Making office supplies available
D
Supervision of production Quality Control
Question 11
Who among the following is the primary regulator of Banking business?
A
Reserve Bank of India
B
Central Government
C
State Government
D
Parliament
Question 12
Is Input tax fully restricted in case of switch over from taxable to exempt supplies
A
Yes
B
No
C
Proportionately restricted
D
Not restricted
Question 13
Heavy amount spent for the advertisement of new company product is
A
Revenue expenditure
B
Deferred Revenue expenditure
C
Capital expenditure
D
Either 'a' or 'c'
Question 14
More MCQs on Foreign Exchange Management 1. For the purpose of translations, current rate refers to
A
The rate current at the time of transaction.
B
The rate prevailing on the date of the balance sheet.
C
The rate prevailing on the date of preparation of the balance sheet.
D
The spot rate
Question 15
Which, among the following, are common misconceptions about cost of capital?
A
Depreciation-generated funds have no cost
B
Cost of capital is low if a project is heavily debt-financed
C
Cost of equity is equal to the dividend rate
D
All of the above
Question 16
Stationary layout is suitable for manufacturing.....
A
small products
B
light products
C
bulky products
D
technical items
Question 17
Which of the following is not a condition for availing credit on goods in transit or incomplete services
A
Credit should be taken in 30 days from the appointed date
B
Credit should be in the nature of eligible duties and taxes
C
Duty or tax should have been paid before the appointed date
D
All of the above
Question 18
A loan that is repaid on monthly, quarterly and annual basis in equal payments is classified as
A
amortized loan
B
depreciated loan
C
appreciated loan
D
repaid payments
Question 19
If there are differences of opinion between 2 members of AAR, what will be the next option?
A
Refer the case to the AAAR
B
Decide based on the Majority by designating for the time being one more member to the AAR
C
Reject the Advance ruling Application
D
Any of the Above
Question 20
Identify the item that is not taken into account in computing the current ratio.
A
Bank overdraft
B
Bank
C
Stock
D
Cash
There are 20 questions to complete.

Leave a Reply

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