Commerce online quiz 286

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
In perfect competition, in the long run, there will be
A
Normal profits
B
Super normal profits
C
Less production
D
Cost will be falling
Question 2
Which one of the following is not an accounting convention?
A
Consistency
B
Full disclosure
C
Materiality
D
Secrecy
Question 3
Minimum wages are fixed by the:
A
trade unions
B
employers
C
state governments
D
courts of law
Question 4
Supplier's account will be..... when goods are received on credit.
A
debited
B
credited
C
closed
D
none of these
Question 5
Is Input tax to be paid in case of switch over from taxable to exempt supplies
A
Yes equivalent to the credit in respect of inputs held in stock (including semi finished and finished) and on capital goods held in stock
B
No Input Tax Credit 57 Indirect Taxes Committee
C
Yes full credit
D
No should be debited to electronic credit ledger
Question 6
Complex statistical and mathematical theory is an approach, which is classified as
A
arbitrage pricing theory
B
arbitrage risk theory
C
arbitrage dividend theory
D
arbitrage market theory
Question 7
In production, variables such as level of activity or volume of company activity are known as
A
cost drivers
B
timed drivers
C
variable drivers
D
fixed drivers
Question 8
Which of the following is NOT correctly matched?
A
IFCI-1948
B
ICICI-1956
C
IDBI-1964
D
SIDBI-1988
Question 9
How is the date of receipt of consideration by the supplier determined?
A
Date on which the receipt of payment is entered in the books of account
B
Date on which the receipt of payment is credited in the bank account
C
Earlier of (a) & (b)
D
(a) & (b) whichever is later
Question 10
Information Gatekeepers come under..... sources.
A
Documentary
B
Human
C
Institutional
D
Neo-conventional
Question 11
What is the unauthorized use, duplication, distribution or sale of copyrighted software?
A
Fair Use Doctrine
B
Pirated software
C
Counterfeit software
D
Privacy
Question 12
In GST, the eligible Refund amount otherwise ineligible due to some prescribed reasons are credited:
A
To the declared bank account of the dealer automatically
B
To the Cash Deposit Ledger of the dealer
C
To the ITC Credit Ledger Account
D
To the Consumer Welfare Fund
Question 13
If an appeal is disposed in favour of the dealer by FAA or Tribunal, what will be the treatment of the Pre-Deposit for filing the appeals?
A
Refund with interest from the date of pre-deposit
B
Pre-Deposit is Credited to the Cash Deposit Ledger of the Dealer
C
Pre-Deposit is credited to the Consumer Welfare Fund
D
Any of the Above
Question 14
In accrual basis or mercantile basis of accounting, the financial effect of the transaction is recorded in the books
A
As and when they occur
B
On the basis of actual receipt and payment of cash
C
On confirmation of orders but before the delivery of goods take place
D
All of the above
Question 15
Type of option which cannot be exercised before an expiry date which is classified as
A
European option
B
American option
C
Australian option
D
money option
Question 16
..... is a program that you can run from the DOS prompt in the Windows operating system in order to check the connection between your client and the server.
A
Ping
B
Telnet
C
Tracert
D
SSL
Question 17
Which of the following bodies finalizes the Five Year Plan Proposals?
A
Planning Commission
B
Union Cabinet
C
National Development Council
D
Ministry of Planning
Question 18
Merricks multiple piece rate system has.....
A
two rates
B
three rates
C
four rates
D
five rates
Question 19
Demand curve can be derived from the law of diminishlng marginal utility on which of the following assumptions?
  1. Utility can be measured in quantitative terms
  2. Utility of money is constant Of these statements:
A
Only (i) is true
B
Both (i) and (ii) are true
C
Only (ii) is true
D
Neither (i) nor (ii) is true
Question 20
Dividend changes are perceived important than the absolute level of dividends because.
A
management change dividends to protect their seats
B
dividend changes are thought to signal future expectations
C
MM state that absolute level of dividends is irrelevant
D
changes determine the level of borrowing
There are 20 questions to complete.

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