Commerce online quiz 290

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
As output increases, AC curve
A
Falls
B
Rises
C
Remains constant
D
All of the above
Question 2
Material losses due to abnormal reasons should be transferred to
A
Profit and loss account
B
Costing Profit and Loss Account
C
Trading Account
D
none of these
Question 3
What is equity?
A
Cash from the business
B
Liability of a business
C
Owner's claim on total assets
D
Owner's claim on total liabilities
Question 4
Budgeting system key managerial functions.
A
Dismisses
B
integrates
C
discharges
D
none of these
Question 5
What are the methods to serve notice/ order/ documents under GST Act?
  1. Only by registered post acknowledgement due
  2. By speed post (acknowledgement due not necessary)
  3. By courier with acknowledgement due
  4. C
A
All of the above except (iii)
B
All of the above except (iv)
C
All of the above except (vi)
D
All of the above except (ii)
Question 6
costs are partly fixed and partly variable in relation to output.
A
Variable
B
fixed
C
Semi-variable
D
both a & b
Question 7
Economic development of a country requires
A
Skilled labour
B
Diplomacy
C
Abundant natural resources
D
a' and 'c' both
Question 8
What is the role of the Credit Bureau?
  1. Blacklist borrowers with bad credit record.
  2. Collects credit information on borrowers and supplies the information back to lenders
  3. Gives credit assessment of borrowers
A
Only 1
B
Only 2
C
Only 3
D
Only 4
Question 9
Which of the speculator applies for new issues with a view to prompt resale?
A
Bull
B
Bear
C
Stag
D
Lame duck
Question 10
Assertion (A). High customer expectations lead to dissatisfaction as product performance never matches them. Reason (R). Product performance is always customer specific.
A
Both (A) and (R) are correct.
B
Both (A) and (R) are incorrect.
C
(A) is correct but (R) is in correct.
D
(R) is correct but (A) is incorrect.
Question 11
Which of the following is NOT a selling overhead?
A
Insurance to cover sold goods while in transit
B
Royalty on sales
C
Legal cost on debt realization
D
Distribution of samples
Question 12
To curb inflation one of the methods is
A
Bank rate must be made equal to long term lending rates
B
Bank rate must be kept even
C
Bank rate must be lowered
D
Bank rate must be raised
Question 13
"A marketing policy is a statement of a course of action which will be followed under a given set of circumstances." Who said it?
A
William J. Stanton
B
McCarthy
C
Manson and Rath
D
None of these
Question 14
Which of the following is not an example of an international trade draft?
A
Time draft.
B
Sight draft.
C
Both the first and second answers are correct
D
Usance draft
Question 15
Bank pass book is also known as
A
Bank book
B
Bank account
C
Bank column
D
Bank statement
Question 16
Cost accounting concepts include all the following except.....
A
planning
B
controlling
C
profit sharing
D
product costing
Question 17
Due to reduction of interest rate from 8% to 7.5% by bank, one man got Rs. 600 less as compared to early annual receipts. The amount deposited in the bank is-
A
Rs. 1, 00, 000
B
Rs. 1, 50, 000
C
Rs. 1, 20, 000
D
Rs. 2, 00, 000
Question 18
The final return shall be filed by the registered taxable person within
A
3 months of the date of cancellation
B
Date of order of cancellation
C
Later of the (a) or (b)
D
None of the above
Question 19
Risk which is caused by events such as strikes, unsuccessful marketing programs and other lawsuits is classified as
A
stock risk
B
portfolio risk
C
diversifiable risk
D
market risk
Question 20
A monopolist is able to maximize his profits when
A
His output is maximum
B
He charges high price
C
His average cost is minimum
D
His marginal cost is equal to marginal revenue
There are 20 questions to complete.

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