Commerce online quiz 280

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Cost accounting provides data for managerial.
A
Decision making
B
recruitment
C
retrenchment
D
none of the above.
Question 2
The number of subordinates a superior can effectively handle is called-
A
Cooperation
B
Coordination
C
Supervision
D
Span of control
Question 3
The most important advantage of centralization of office services is-
A
specialization
B
higher departmental loyalty
C
no delay in providing services
D
less burden of work
Question 4
Mimeograph is a.....
A
stencil duplicator
B
method of photocopying
C
process of electrical photography
D
process of blue printing
Question 5
Identify the item which is not an operating expense
A
Advertising expenses
B
General management salaries
C
Depreciation of office equipment
D
Loss on sale of motor car
Question 6
Which is a function of ERP?
A
Warehousing
B
sales
C
scheduling
D
all of the above
Question 7
Which of the following is a characteristic of a firewall?
A
Examines each message as it seeks entrance to the network
B
Blocks messages without the correct markings from entering the network
C
Detects computers communicating with the Internet without approval
D
All of the above
Question 8
The documents called for should be provided within.
A
20 working days
B
15 working days
C
5 working days
D
45 working days
Question 9
Which of the following will be allowed as credit under subsection (3) of section 140?
A
Input services
B
Total input purchased during the year
C
Capital goods
D
Inputs held in stock
Question 10
'Salvage Charges' is related to-
A
Life Insurance
B
Marine Insurance
C
Fire Insurance
D
None of the above
Question 11
The optimum point is an..... size of a firm.
A
Ideal
B
Average
C
Over
D
Extra
Question 12
RBI was established on.....
A
April 1, 1925
B
April 1, 1935
C
April 1, 1945
D
April 1, 1955
Question 13
Business loss can be set off against salary income.
A
True
B
False
C
Cannot be said with certainty
D
Is decided by the Assessing Officer
Question 14
The entries in the purchase returns book are based on..... issued by the concern.
A
debit note
B
credit note
C
goods returned note
D
none of these
Question 15
Such expenses which are included (even though they are not incurred) for taking managerial decisions are called.....
A
imputed
B
actual expenses
C
Notional expenses
D
none of these
Question 16
In a normal accounting period, allocated amount of indirect cost is $2000 and actual amount is $2200, then this is classified as
A
over allocated budget
B
under allocated budget
C
under allocated indirect cost
D
over allocated direct cost
Question 17
Stock which has higher correlation with market tend to have
A
high beta, less risky
B
low beta, more risky
C
high beta, more risky
D
low beta, less risky
Question 18
The financial market for short term funds is known as.....
A
capital market
B
money market
C
bullion market
D
share market
Question 19
are costs which have been applied against revenue of particular accounting period.
A
Expenses
B
income
C
loss
D
none of these
Question 20
.....costing is applicable to printers.
A
Process
B
batch
C
multiple
D
job
There are 20 questions to complete.

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