10000 MCQ /questions on commerce questions answers
As output increases, AC curve
All of the above
Material losses due to abnormal reasons should be transferred to
Profit and loss account
Costing Profit and Loss Account
none of these
What is equity?
Cash from the business
Liability of a business
Owner's claim on total assets
Owner's claim on total liabilities
Budgeting system key managerial functions.
none of these
What are the methods to serve notice/ order/ documents under GST Act?
- Only by registered post acknowledgement due
- By speed post (acknowledgement due not necessary)
- By courier with acknowledgement due
All of the above except (iii)
All of the above except (iv)
All of the above except (vi)
All of the above except (ii)
costs are partly fixed and partly variable in relation to output.
both a & b
Economic development of a country requires
Abundant natural resources
a' and 'c' both
What is the role of the Credit Bureau?
- Blacklist borrowers with bad credit record.
- Collects credit information on borrowers and supplies the information back to lenders
- Gives credit assessment of borrowers
Which of the speculator applies for new issues with a view to prompt resale?
Assertion (A). High customer expectations lead to dissatisfaction as product performance never matches them. Reason (R). Product performance is always customer specific.
Both (A) and (R) are correct.
Both (A) and (R) are incorrect.
(A) is correct but (R) is in correct.
(R) is correct but (A) is incorrect.
Which of the following is NOT a selling overhead?
Insurance to cover sold goods while in transit
Royalty on sales
Legal cost on debt realization
Distribution of samples
To curb inflation one of the methods is
Bank rate must be made equal to long term lending rates
Bank rate must be kept even
Bank rate must be lowered
Bank rate must be raised
"A marketing policy is a statement of a course of action which will be followed under a given set of circumstances." Who said it?
William J. Stanton
Manson and Rath
None of these
Which of the following is not an example of an international trade draft?
Both the first and second answers are correct
Bank pass book is also known as
Cost accounting concepts include all the following except.....
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-
Rs. 1, 00, 000
Rs. 1, 50, 000
Rs. 1, 20, 000
Rs. 2, 00, 000
The final return shall be filed by the registered taxable person within
3 months of the date of cancellation
Date of order of cancellation
Later of the (a) or (b)
None of the above
Risk which is caused by events such as strikes, unsuccessful marketing programs and other lawsuits is classified as
A monopolist is able to maximize his profits when
His output is maximum
He charges high price
His average cost is minimum
His marginal cost is equal to marginal revenue
There are 20 questions to complete.