Commerce online quiz 29

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
A person not required to obtain registration if he is required to pay tax under reverse charge and there are no taxable supplies made by him.
A
Incorrect, if person who are required to pay tax under reverse charge, irrespective of threshold shall obtain registration.
B
Incorrect, if person who are required to pay tax under reverse charge obtain registration only if such value of supplies under reverse charge exceeds the threshold limit.
C
Above statement is correct.
D
A person is required to obtain registration if he is required to pay tax under reverse charge and also he is also making taxable supplies irrespective of the threshold limit.
Question 2
Company low earning power and high interest cost cause financial changes which have
A
high return on equity
B
high return on assets
C
low return on assets
D
low return on equity
Question 3
In which method of filing, a spike is fixed in a wooden or a metal base?
A
Pigeon-hole method
B
The spike file
C
Card board filing
D
Box filing
Question 4
Micro marketing environment include
  1. Suppliers
  2. Consumer
  3. Service provider
  4. Local share holder
A
i and ii
B
i, ii and iii
C
i, ii and iv
D
ii, iii and iv
Question 5
'Carrot and Stick' principle is given in Theory-
A
McGregor Theory X
B
McGregor Theory Y
C
William Ouchi Theory Z
D
None of the above
Question 6
In electricity supply company uses.....as cost unit.
A
Kilo watt hour
B
per household
C
voltage
D
none of these
Question 7
Where a partner transfers any capital asset into the business of firm, the sale consideration of such asset to the partner shall be
A
Market value of such asset on the date of such transfer
B
Price at which it was recorded in the books of the firm
C
Cost of such asset to the partner
D
None of the above
Question 8
The ITC claimed by a Recipient of Supply will be provisionally allowed at first and the same will be confirmed subject to:
  1. Possession of Tax Paying Document not expiring 1 year from the date of issue and Matching
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
i, ii, iii & iv
Question 9
An investment centre is a responsibility centre where the manager has control over
A
Costs
B
Costs and profits
C
Costs, profits and product quality
D
Costs, profits and assets
Question 10
Variability of stock price, option term to maturity and risk free rate are dependents of
A
price of an option
B
expiry of an option
C
exercise of an option
D
estimation of an option
Question 11
Bin card is maintained by.....
A
costing department
B
stores department
C
finance department
D
accounting department
Question 12
Stock issued by company have higher rate of return because of
A
low market to book ratio
B
high book to market ratio
C
high market to book ratio
D
low book to market ratio
Question 13
A company cannot issue redeemable preference shares for a period exceeding
A
10 years
B
20 years
C
30 years
D
15 years
Question 14
Which of the following factors does not affect the capital structure of a company?
A
Cost of capital
B
Composition of the current assets
C
Size of the company
D
Expected nature of cash flows
Question 15
On the admission of a partner, fictitious assets are-
A
Transferred to Revaluation Account
B
Transferred to Capital Account
C
Transferred to Reserves
D
Shown in the new Balance Sheet
Question 16
Keyboard of a computer is-
A
An input device
B
An output device
C
A processing device
D
A storage device
Question 17
Most appropriate basis for the apportionment of power is.....
A
no of labour
B
no of output
C
no of machines
D
horse power of machines
Question 18
A private company does not?
A
Restrict the right to transfer the shares
B
Limit the number of its members
C
Appoint auditor
D
Publicity invite subscription to shares
Question 19
TQM is a system of continuous improvement employing participative management and centered on needs of the.....
A
Customers
B
Staff
C
Organization
D
Government
Question 20
The slope of indifference curve indicates
A
Price ratio between two commodities
B
Marginal rate of substitution
C
Factor substitution
D
Level of indifference
There are 20 questions to complete.

Leave a Reply

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