Commerce online quiz 294

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Price elasticity is computed by
A
ep =( (P1-P2) / Q1 ) X ((P1+P2) / Q2)
B
ep = (((Q2-Q1) / Q1 ) / P1) X 100
C
ep = ((Q2-Q1) / Q1 ) / ((P2-P1) / P1)
D
ep = (((Q2-Q1) / Q1 ) / Product) X 100
Question 2
Consider the following statements: Internal check relates to
  1. arrangement of duties of employees.
  2. distribution of work in such a way that work of one employee is checked by other employee.
  3. review of operati
A
1 and 2
B
2 and 3
C
3 only
D
l, 2 and 3
Question 3
The formal way of lending includes lending from?
A
Private Sector Banks
B
Co-operative Banks
C
Public Sector Banks
D
All of the above
Question 4
Warehouse rent is a part of.....
A
prime cost
B
factory cost
C
distribution cost
D
production cost
Question 5
Whether the FAA or Tribunal is empowered to enhance the tax liability or to reduce refund in an appeal case?
A
Yes, subject to the issuance of the notice communicating the intention and giving opportunity for personal hearing
B
Yes-without any further notice
C
Only to refer back such cases to the Adjudicating Authority
D
None of the Above
Question 6
A(n)..... represents data as two-dimensional tables with records organized in rows and attributes in columns.
A
database management system
B
data warehouse
C
SQL query
D
relational database
Question 7
What does the letter "P" denote in the term "PAN" as used in financial transactions?
A
Primary
B
Partial
C
Permanent
D
Provisional
Question 8
Case in which average investors risk aversion is greater than slope of line and risk premium respectively is
A
steeper, greater
B
steeper, smaller
C
steeper, zero
D
Both A and B
Question 9
Correlation between income and demand is
A
Negative
B
Positive
C
Zero
D
None of the above
Question 10
Industrial (Development & Regulation) Act was passed by parliament in
A
1947
B
1949
C
1951
D
1956
Question 11
When capital is increased by an amount, it is recorded on the:
A
Left or credit side of the account
B
Right or debit side of the account
C
Right or credit side of the account
D
Left or debit side of the account
Question 12
Re-defining business relationship includes
A
Formation of business network
B
Re-intermediation
C
Dis-intermediation
D
All of the above
Question 13
Which of the following statement(s) regarding IRR is true?
A
If IRR is less than the firm's cost of capital, the project should be rejected.
B
A project can have multiple IRRs depending on the cash flow streams.
C
A project can have only one IRR.
D
Both (A) and (B)
Question 14
In financial markets, period of maturity more than five years of financial instruments is classified as
A
intermediate term
B
capital term
C
short-term
D
long-term
Question 15
The subsumption of which taxes will make the GST-a pucca Destination based Consumption Tax
A
CST and Central Excise
B
VAT and Luxury Tax
C
Service Tax and Purchase Tax
D
Taxes on Lotteries and Entertainment Tax
Question 16
What will happen to the rest of credit carried forward in respect of a regular dealer switching over to composition stream under GST, after adjusting to the inputs held in stock?;
A
Carry forward the rest of the credit
B
Credit kept in abeyance till the taxable opts for normal scheme once again
C
Credit lapses
D
Electronic credit ledger will freeze with the credit available
Question 17
The cost of capital of a long term debt is generally.
A
Lower than the owned funds
B
Equal to that of owned funds
C
More or less than owned funds
D
Higher than that of owned funds
Question 18
Financial products of IFC does not include
A
loans
B
equity participation
C
risk management products
D
none of the above
Question 19
The sanction refund amount can be adjusted against the payments which he is liable to pay but remains unpaid under the earlier law.
A
Tax
B
Penalty
C
Interest and other amounts
D
All of the above
Question 20
Economies of scale are of two kinds
A
Temporary and permanent
B
Internal and external
C
Managerial and industrial
D
Natural and artificial
There are 20 questions to complete.

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