Commerce online quiz 297

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
A particular firm provided the following data for a year:Current ratio 2.5: 1, Liquid ratio 1.5: 1 Net working capital Rs. 3, 00, 000 What are the current assets and current liabilities of this firm, respectively?
A
Rs. 3, 00, 000 and Rs. 1, 50, 000
B
Its. 5, 00, 000 and Rs. 2, 00, 000
C
Rs. 2, 00, 000 and Rs. 5, 00, 000
D
Rs. 3, 00, 000 and Rs. 1, 00, 000
Question 2
If final order is not passed within six months, time period specified in 60(1) may, on sufficient cause being shown and for reasons to be recorded in writing, be extended:
A
by the Joint/Additional Commissioner for a further period of six months and by the Commissioner for such further period not exceeding four years.
B
by the Commissioner for a further period of six months.
C
by the Joint/Additional Commissioner for a further period of one year.
D
by the Joint/Additional Commissioner for a further period of one year and by the Commissioner for a further period of six months.
Question 3
The limit for maximum number of members in a public company is restricted to.....
A
2000
B
5000
C
10000
D
no limit
Question 4
The total variable cost in total proportion to output.
A
Increases
B
does not increase
C
decreases
D
none of these.
Question 5
The difference between the actual price and excess price of a share is called as.....
A
Discount
B
Forfeiture
C
Premium
D
Surplus
Question 6
Exporters in India get insurance cover and risk cover form which of the following organizations?
A
SIDBI
B
NABARD
C
ECGC
D
RBI
Question 7
Which of the following was the first commercial Web browser?
A
Mosaic
B
Mozilla
C
Netscape Navigator
D
Internet Explorer
Question 8
XYZ Ltd. incurs a net loss of Rs. 5, 000 during are accounting years. Depreciation for the relevant year amount to Rs. 1000, preliminary expenses written off during the accounting years is Rs. 3, 000 and a loss of Rs. 4, 000 is due to sale of plant and mach
A
Rs. 3, 000
B
Rs. 2, 000
C
Rs. 5, 000
D
Rs. 4, 000
Question 9
An informal accounting statement that lists the ledger account balances at a point of time and compares the total of debit balances with the total of credit balances is known as
A
Income statement
B
Balance sheet
C
Trial balance
D
Cash Book
Question 10
Arbitrage is the level processing technique introduced in.....
A
Net income approach
B
MM approach
C
Operating approach
D
Traditional approach
Question 11
If actual result is $26000, flexible budget amount is $13000, then flexible budget amount will be
A
$39, 000
B
$49, 000
C
$13, 000
D
$15, 000
Question 12
Most FDI and trade are made by:
A
China, Japan and the US.
B
The US, the EU, and Japan
C
North America
D
ASEAN countries
Question 13
.....deals with depreciation account.
A
AS 3
B
AS 4
C
AS5
D
AS6
Question 14
A partner in a firm.....
A
cannot transfer his share to an outsider
B
can transfer his share to an outsider with the consent of majority partners
C
can transfer his share to an outsider without the consent of any other partners
D
can transfer his share to an outsider with the consent of all other partners
Question 15
Charging output with overhead at reasonable rate is called.....
A
allocation
B
appropriation
C
apportionment
D
absorption
Question 16
In expected rate of return for constant growth, an expected total rate of return must be
A
less than expected yield on dividend
B
greater than expected yield on dividend
C
equal to expected yield on dividend
D
equal to one
Question 17
SBI's Archieve Center is located at
A
New Delhi
B
Mumbai
C
chennai
D
Kolkata
Question 18
The profit of a company (whose capital is divided into 25, 000 shares of Rs. 10 each) for the last three years are: Rs. 50, 000; Rs. 60, 000 and Rs. 40, 000. The fair return on investment is taken at 10% p.a. The value of company's share will be-
A
Rs. 10
B
Rs. 20
C
Rs. 30
D
Rs. 40
Question 19
The maximum permissible time period to condone the delay in filing of an appeal due to sufficient causes before the Tribunal will be:
  1. 1 Month
  2. 2 Months
  3. 3 Months
  4. No such time limit, if satisfied with
A
i only
B
i & iv only
C
ii & iv only
D
iii only
Question 20
The upper portion of the kinked demand curve is relatively
A
More inelastic
B
More elastic
C
Less elastic
D
Inelastic
There are 20 questions to complete.

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