Commerce online quiz 296

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
In an activity based costing implementation, product's diverse demand is based on
A
batch size
B
complexity
C
process steps
D
all of above
Question 2
If marginal opportunity cost is falling, the PPF would be
A
Straight line
B
Concave
C
Backward leading
D
Convex
Question 3
If sales returns are Rs. 25, 000, sales are Rs. 1, 25, 000, net purchases are Rs. 84, 000, and gross profit is Rs. 21, 000, then the cost of goods sold will be
A
Rs. 84000
B
Rs, 64, 000
C
Rs. 79, 000
D
Rs. 92, 000.
Question 4
If any makes repeats the short payment of ta, x what will be the volume of penalty?
A
Rs.10, 000/-
B
10% of the tax short paid
C
Highest of the above a) or b)
D
No Penalty at all
Question 5
Direct material is a.....
A
fixed cost
B
variable cost
C
semi variable cost
D
semi fixed cost
Question 6
Capital gearing ratio is.....
A
Market test ratio
B
Long-term solvency ratio
C
Liquid ratio
D
Turnover ratio
Question 7
In case of business carried on by minor or other incapacitated person through Guardian/ Agent who is liable to pay tax?
A
Guardian
B
Friend
C
Business Partner
D
None
Question 8
Job costing used in.....
A
paper mills
B
chemical works
C
printing works
D
textile mill
Question 9
Value of stock is Rs 1000 and current value of portfolio is Rs 1500 then obligation to cover call option will be
A
Rs 6, 667.00
B
Rs 2, 500.00
C
Rs 2, 000.00
D
Rs 500.00
Question 10
If required rate of return is 12% and per unit cost of units purchased is $35, then relevant opportunity cost of capital will be
A
$6.20
B
$7.20
C
$4.20
D
$5.20
Question 11
Standards set provide yardsticks against which.....are compared
A
Budgeted costs
B
Estimated costs
C
Actual costs
D
None of these
Question 12
Consider the following statements: The vouching of remuneration to directors involve the checking of
  1. special resolution.
  2. statement of accounts.
  3. approval note of the Central Government.
  4. Minutes Book. <
A
l and 2
B
2 and 3
C
l, 2 and 4
D
l, 3 and 4
Question 13
"S produces and sells one product, P, for which the data are as follows: Selling price Rs 28 Variable cost Rs 16 Fixed cost Rs 4 The fixed costs are based on a budgeted production and sales level of 25, 000 units for the next period. Due to market changes
A
10.1% decrease
B
11.2% decrease
C
13.3% decrease
D
16.0% decrease
Question 14
Formula such as net income available for common stockholders divided by total assets is used to calculate
A
return on total assets
B
return on total equity
C
return on debt
D
return on sales
Question 15
Coupon rate of bond is also called
A
nominal rate
B
premium rate
C
quoted rate
D
both a and c
Question 16
Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the.....
A
wages
B
number of products produced
C
number of workers
D
Number of hours
Question 17
Which among the following statement is INCORRECT?
A
On a linear demand curve, all the five forms of elasticity can be depicted
B
If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be same on different demand curves at the point of intersection.
C
If two demand curves are linear and parallel to each other, then, at a particular price, the coefficient of elasticity would be different on different demand curves.
D
The price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded.
Question 18
Capital gearing ratio indicates the relationship between
A
assets and capital
B
loans and capital
C
equity shareholders fund and long term borrowed funds
D
debentures and share capital
Question 19
What does CCIE stand for?
A
Chief Controller of Imports and Exports.
B
Central Cottage Industries Exports.
C
Control on Cotton Imports and Exports.
D
Commissioner of Central Imports and Exports.
Question 20
If security pays Rs 5, 000 in 20 years with 7% annual interest rate, PV of security by using formula is
A
Rs 1, 290.10
B
Rs 1, 292.10
C
Rs 1, 295.10
D
Rs 1, 297.10
There are 20 questions to complete.

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