Commerce online quiz 285

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Suppose, a Cement manufacturing company allows a post supply discount of ' 5/-Cores to his Distributor without any prior agreement to that effect or without disclosing the same at the time of supply. Whether, it is a Deemed Supply or Not?
A
Yes
B
No
C
Subject to the Individual Circumstances
D
None of the Above
Question 2
According to capital asset pricing model assumptions, investors will borrow unlimited amount of capital at any given
A
identical and fixed returns
B
risk free rate of interest
C
fixed rate of interest
D
risk free expected return
Question 3
The control ratios used by the management to know whether the deviations of the actual performance from the budgeted performance are favourable or unfavourable are.....
A
Capacity ratio, activity ratio
B
Efficiency ratio, calendar ratio
C
Both a & b
D
None of the above
Question 4
Standard costs is.....
A
Predetermined cost
B
budgeted cost
C
Actual cost
D
none of these
Question 5
"Calculate the labour turnover rate according to replacement method from the following: No of workers on the payroll:-At the beginning of the month: 500-At the end of the month: 600 During the month, 5 workers left, 20 workers were discharged and 75
A
0.0455
B
182
C
6
D
3
Question 6
When can a supplier making supplies through E-commerce operator opt not to register?
A
Always
B
When the e-commerce operator is not required to collect tax at source u/s 52
C
When the supplier doesn't cross the threshold limit specified under section 22.
D
Option (b) and (c), cumulatively fulfilled
Question 7
On 1st April, 2013, Y Ltd. Issued 1000, 12% debentures of Rs. 100 each at a discount of 6%. These debentures are redeemable in five equal annual instalments at the end of each year. What is the amount of discount to be written off in the first year i.e.
A
Rs. 2000
B
Rs. 1800
C
Rs. 1200
D
Rs. 600
Question 8
Under Gantts task and bonus plan no bonus is payable to a worker if his efficiency is less than.....
A
50%
B
60%
C
835%
D
100%
Question 9
Who of the following would be liable, when they disclose information collected from information return/ statistics u/s 150 and 151 respectively?
  1. Departmental officer-when information disclosed while executing dutie
A
i, ii, iii & iv
B
i, ii & iv
C
iii & iv
D
None of the above
Question 10
Decentralization of authority means.....
A
giving permission to the subordinate to do his work
B
conveying what the subordinate is expected to do
C
delegating responsibility
D
departmentalizing activities
Question 11
The Geometric Mean of two numbers 8 and 18 shall be?
A
12
B
15
C
13
D
11.09
Question 12
Which one is not an international organisation
A
SAARC
B
ASEM
C
ASEAN
D
CBDT
Question 13
Suppose One Dealer has a credit of ' 5/-Lakhs in his Electronic ITC Ledger. That dealer has an interest arrears dues of '6/-Lakhs and Penalty Dues of ' 2/-Lakhs. If so, how much, he has to deposit to settle the above interest and Penalty Dues?
A
3/-Lakhs
B
6/-Lakhs
C
2/-Lakhs
D
8/-Lakhs
Question 14
Income includes
A
Income earned
B
Income received
C
Income receivable
D
All of the above
Question 15
Hedging transaction is indicated by
A
Transactions in odd amounts
B
Presentation of documentary support.
C
Frequency of such transactions.
D
None of the above.
Question 16
Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?
A
Bombay Stock Exchange
B
Delhi Stock Exchange
C
Calcutta Stock Exchange
D
Bangalore Stock Exchange
Question 17
Which one of the following is the task of the Planning Commission?
A
Preparation of the plan
B
Implementation of the plan
C
Financing of the plan
D
None of the above
Question 18
FCCB stands for-
A
Foreign currency convertible bonds
B
Forex currency convertible bonds
C
Form currency convertible bonds
D
Future currency convertible bonds
Question 19
Financial leverage is also known as.
A
Trading on equity
B
Trading on debt
C
Interest on equity
D
Interest on debt
Question 20
A Local Authority is preparing cash Budget for its refuse disposal department. Which of the following items would not be included in the cash budget?
A
Capital cost of a new collection vehicle
B
Depreciation of the machinery
C
Operatives wages
D
Fuel for the collection Vehicles
There are 20 questions to complete.

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