Commerce online quiz 282

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Which commitee has been set up to examine the un-claimed amount in PPF, post office and saving schemes?
A
H devaraj Committee
B
H R Khan Committee
C
GopalKrishna Committee
D
k V Kamath Panel
Question 2
The documents or books seized on inspections which are not relied upon for the issue of notice shall be returned to the party within..... days of issue of notice.
A
15
B
30
C
60
D
90
Question 3
'Law of Inertia of Large Numbers'concludes?
A
Smaller numbers are more stable than large ones
B
Large numbers are more stable than small ones
C
All of these
D
None of these
Question 4
3. IBRD lending is not available for
A
middle income countries
B
low income countries
C
multilateral agencies
D
developed countries
Question 5
Credit creation power of the commercial banks gets limited by which of the following?
A
Banking habits of the people
B
Cash Reserve Ratio
C
Credit policy of the central bank
D
All of the above
Question 6
All..... expenses are recorded in the Trading A/c.
A
direct
B
indirect
C
cost
D
none of these
Question 7
What are the circumstances in which an application for advance ruling is rejected?
  1. Same questions is pending disposal before any of the appellate authorities
  2. A matter already decided by any Appellate Authority <
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
i, ii, iii & iv
Question 8
Who is the chairman of GST council?
A
President of India
B
Prime Minister
C
Finance Minister
D
RBI Governor E. Finance secretary
Question 9
A registered taxable person is eligible to claim refund in respect of export of goods and services in the following cases:
A
Under bond, without payment of IGST and claim refund of unutilized input tax credit.
B
On payment of IGST and claim refund of IGST paid on such goods and services.
C
None of the above
D
Both (a) and (b)
Question 10
When was Adam Smith's major work "An enquiry into the Nature and Causes of Wealth of Nations" published?
A
1756
B
1766
C
1776
D
1786
Question 11
Market value of option which is out-of-money is
A
greater than zero
B
equal to zero
C
lesser than zero
D
equal to one
Question 12
According to Joseph Schumpeter, profit is the reward for
A
Innovation
B
Uncertainty-bearing
C
Risk-taking
D
Management
Question 13
The transitional period in the life of an expanding firm is called..... firm.
A
pessimism
B
ideal
C
average
D
good
Question 14
When an e-commerce operator is required to register under GST?
A
When he is required to collect tax at source u/s 52
B
When his aggregate turnover exceeds the threshold limit
C
When he is required to discharge tax on the taxable supply or services made by the supplier through him u/s 9(5)
D
It is mandatory to register irrespective of the threshold limit.
Question 15
What are the two parts of the annual report of the library
A
Primary and Secondary
B
Analytical and Systematic
C
Upper and Lower
D
Descriptive and Statistical
Question 16
Consider the following statements-Current ratio is increased by
  1. issue of redeemable preference shares.
  2. selling of old furniture for cash.
  3. cash realized from debtors.
Which of the statements given ab
A
1 and 2 only
B
2 and 3 only
C
1 and 3 only
D
1, 2 and 3
Question 17
In finance, "working capital" means the same thing as
A
total assets
B
fixed assets
C
current assets
D
current assets minus current liabilities.
Question 18
Cross elasticity of demand between two perfect substitutes will be
A
low
B
high
C
zero
D
infinity
Question 19
In independent projects evaluation, results of internal rate of return and net present value lead to
A
cash flow decision
B
cost decision
C
same decisions
D
different decisions
Question 20
Match List I with List II and select correct answer using the codes given below: List I List II a. G.P. Ratio I. Convention of conservatism b. Cash budget II. Profitability c. E.O.Q. III. Inventory management d. Provision for bad debts IV. Management of
A
a b c d II IV I III
B
a b c d IV II III I
C
a b c d IV II I III
D
a b c d II IV III I
There are 20 questions to complete.

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