Commerce online quiz 289

By | August 21, 2018

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10000 MCQ /questions on commerce questions answers

Question 1 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..... is a preventive function.
A
Costreduction
B
Costcontrol
C
Costunit
D
Costcentre
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which index system is used when small information is required about customers?
A
Vowel index
B
Book index
C
Strip index
D
Card index
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The normal balance of capital account is
A
Credit balance
B
Debit balance
C
Cash balance
D
Neither debit nor credit balance
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Under vouching, checking is done of-
A
Journal and Ledger
B
Profit and Loss Account
C
Balance Sheet
D
All of the above
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In capital budgeting, a technique which is based upon discounted cash flow is classified as
A
net present value method
B
net future value method
C
net capital budgeting method
D
net equity budgeting method
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What is 'deemed exports' provisions applicable to?
A
Deemed export provision is applicable only to goods
B
Deemed export provision is applicable only to services
C
Deemed export provision is applicable both to goods and services
D
Deemed export provision is applicable when goods and services are supplied to SEZ units/ developers
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Accounting Standard 10 deals with accounting for----.
A
fixed assets
B
inventory
C
cash flow statement
D
none of these
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The basis of determining dearness allowance to employees in India is?
A
Consumer Price Index
B
Whole Sale Price Index
C
Retail Price Index
D
Retail Price Index
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Second step in developing operating budget is to
A
plan coordination
B
plan accounts
C
obtain information
D
coverage information
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..... is the rate at which commercial banks charge on their surplus funds with RBI.
A
Repo Rate
B
Reverse Repo Rate
C
Interest Rate
D
Bank Rate
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In expected rate of return for constant growth, an expected yield on capital must be
A
equal to zero
B
greater than expected growth rate
C
less than expected growth rate
D
equal to expected growth rate
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is true in respect of events after the applicability of GST?
A
Proceedings under earlier law will be disposed of under the earlier law
B
Any default due to proceedings in the earlier law will be recovered in the earlier law
C
Proceedings under the earlier law will be disposed of under the new law
D
Any refund due to the proceedings will be admissible as input tax credit
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Whether a taxable person who has paid IGST on a transaction considered by him to be an inter-state supply, but which is subsequently held to be an intra-state supply is required to pay interest?
A
Yes
B
No
C
At proper officer's discretion
D
None of the above
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which type of shareholders does not have voting rights?
A
Equity shareholders
B
Preference shareholders
C
Deferred shareholders
D
Ordinary shareholders
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In an accounting system, document which supports journal entries is classified as
A
cost document
B
priced document
C
source document
D
direct document
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If market interest rate rises above coupon rate then bond will be sold
A
equal to return rate
B
seasoned price
C
below its par value
D
above its par value
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Planning of financial aid to coordinate; what is to be done for implementation of plan is classified as
A
budget
B
batching
C
complexity
D
process
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Calculation of product cost, gathering information for planning and analyzing information for decisions making are features of
A
information accounting
B
cost accounting
C
analyzing accounts
D
marketing costs
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The ITC claimed by a Recipient of Supply will be provisionally allowed at first and the same will be confirmed subject to: (i) Possession of Tax Paying Document not expiring 1 year from the date of issue and Matching of the Invoices (ii) Receipt of Goods
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
I, ii, iii & iv
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The elasticity of substitution between two perfect substitutions is
A
Zero
B
Greater than zero
C
Less than infinity
D
Infinity
There are 20 questions to complete.

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