Commerce online quiz 284

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
In alternative investments, constant cash flow stream is equal to initial cash flow stream in approach which is classified as
A
greater annual annuity method
B
equivalent annual annuity
C
lesser annual annuity method
D
zero annual annuity method
Question 2
Owning two securities instead of one will not reduce the risk taken by an investor if the two securities are.....
A
perfectly positively correlated with each other
B
perfectly independent of each other
C
perfectly negatively correlated with each other
D
of the same category, eg blue chips
Question 3
Companies can gather information about employees and potential employees from which of the following places?
A
Job applications
B
Credit reports
C
Companies that track Web surfers
D
All of the above
Question 4
Slope coefficient of linear cost function is
A
zero
B
one
C
two
D
three
Question 5
The features of the commercial paper are
A
It is an unsecured instrument issued in the form of promissory note.
B
The highly rated corporate borrowers can raise short term funds through this instrument.
C
It is an additional instrument to the investing community.
D
All of the above
Question 6
Determination of forward rates is explained by
A
Uncovered interest arbitrage.
B
Purchasing power parity theory.
C
Demand and Supply for spot currency.
D
None of the above.
Question 7
Which one is increasing function of price?
A
Demand
B
Utility
C
Supply
D
Consumption
Question 8
Is IGST payable on services imported after the appointed day, though service tax has actually been paid under service tax regime?
A
No.
B
Yes. Pay and avail the credit paid of IGST under reverse charge on full value
C
Yes. If tax has been paid partially under service tax regime and part of the service/ consideration paid has not suffered service tax under service tax regime
D
None of the above
Question 9
Which of the following records logons and deletions?
A
Key logger
B
Packet sniffer
C
Log analysis tools
D
Screen captures
Question 10
Mr. X has sent his goods to Mr. Y on job-work on 07-05-2017. From when it will be considered as deemed supply if not received back within one year?
A
06-05-2018
B
07-05-2017
C
03-11-2018
D
Not Taxable
Question 11
When.is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
A
A predetermined rate
B
actual rate method of absorption
C
both a & b
D
none of these
Question 12
For a remittance of Rs 100, 000 under NEFT how much maximum charges other than service tax can be charged by a bank to the remitter?
A
Rs 5
B
Rs 25
C
Rs 50
D
Rs 5 per thousand
Question 13
The following data, relates to manufacturing company for the year 2006-07-Net Profit as per P & L A/c-Rs. 2, 40, 000; Depreciation-Rs. 80, 000; Goodwill written-off-Rs. 40, 000, Profit on Sale of Fixed Assets-Rs. 16, 000, Proposed Dividend-Rs. 96, 000. The fu
A
Rs. 4, 40, 000
B
Rs. 4, 00, 000
C
Rs. 6, 40, 000
D
None of the above
Question 14
A company who issues bonds or stocks in result raised funds which finally
A
increases liabilities
B
increases equity
C
increases cash
D
decreases cash
Question 15
What floods a Web site with so many requests for service that it slows down or crashes?
A
Computer virus
B
Worm
C
Denial-of-service attack
D
None of the above
Question 16
The dues recoverable under this section includes
A
Only Interest
B
Any dues which are recoverable under this Act
C
Only tax
D
Only Penalty
Question 17
Which of the following is not normally one of the reasons for a change in an investor's circumstances?
A
Change in market conditions
B
Change in legal considerations
C
Change in time horizon
D
Change in tax circumstances
Question 18
Will the inputs and/or capital goods supplied from the job-worker's premises be considered for calculating the aggregate turnover of the job-worker?
A
Yes
B
No
C
Partially true
D
None of the above
Question 19
Which of the following is a correct statement?
A
Every registered taxable person other than ISD, non-resident tax payer & a person paying tax under section 10, 51 or 52 shall verify, validate, modify or delete the details communicated in Form GSTR 2A
B
The details of outward supplies communicated in Form GSTR 2A cannot be modified or altered
C
The registered taxable person should accept the details communicated in Form GSTR 2A by 12th of the succeeding month
D
The registered taxable person other than ISD, non-resident tax payer & a person paying tax under section 10, 51 or 52 shall furnish the details of inward supplies of goods or services excluding tax payable on reverse charge basis.
Question 20
Which error cannot be revealed on the preparation of trial balance?
A
Wrong totalling of account
B
Compensatory errors
C
Error of commission
D
Wrong balancing of an account
There are 20 questions to complete.

Leave a Reply

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