Commerce online quiz 301

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The time limit beyond which if goods are not returned, the capital goods sent for job work shall be treated as supply
A
One year
B
Five years
C
Three Years
D
Seven years
Question 2
A bear speculator is also called as.....
A
Manidiwala
B
Tejiwala
C
Tarawaniwalas
D
Vaniwala
Question 3
In transportation costing a composite unit such as.is used.
A
passenger mile/km or Ten kilometer
B
per km
C
per passenger
D
per stop
Question 4
Whether any amount payable under this Act by the taxable person is a first charge on his property?
A
Yes
B
No
C
Cannot be done
D
None of the above
Question 5
The pre-liberalisation era of Indian Economy was under the grip of
A
Unemployment
B
Under-employment
C
Fiscal Deficit
D
Unfavorable and alarming balance of payment
Question 6
"For the financial year ended as on March 31, 20XX the figures extracted from the balance sheet of Xerox Limited as under: Opening Stock Rs 29, 000; Purchases Rs 2, 42, 000; Sales Rs 3, 20, 000; Gross Profit 25% of Sales. Stock Turnover Ratio will be":-
A
8 times
B
6 times
C
9 times
D
10 times
Question 7
All arrests should be made as per the provisions of.
A
Code of Criminal Procedure, 1973
B
Civil Procedure Code
C
Indian Penal Code
D
Foreign Exchange Management Act
Question 8
The minimum paid-up share capital for a public company shall be-
A
Rs. 1 lakh
B
Rs. 2 lakhs
C
Rs. 3 lakhs
D
Rs. 5 lakhs
Question 9
A Piece Rate System written by.....
A
Harold Koontz
B
Taylor
C
Louis Allan
D
Hendry Fayol
Question 10
Work uncertified is.....
A
debited to contract a/c
B
credited to contract a/c
C
debited to contractor a/c
D
debited to profit and loss a/c
Question 11
What is a systematic evaluation of a company's activities in a given area of social interest such as environmental protection, workplace safety or community involvement, called?
A
Social responsibility
B
Social accounting
C
Social audit
D
Social forecasting
Question 12
The Foreign Trade policy was first introduced in the year:
A
1981
B
1947
C
1992.
D
2000
Question 13
According to the traditional approach cost of capital affected by?
A
debt-equity mix
B
debt-capital mix
C
equity expenses mix
D
debt-interest mix
Question 14
Bancassurance is.....
A
an insurance scheme to insure bank deposits
B
an insurance scheme exclusively for the employees banks
C
a composite financial service offering both bank and insurance products
D
a bank deposit scheme exclusively for employees of insurance companies
Question 15
Variable cost increases with.in output.
A
Increase
B
decrease
C
increase or decrease
D
none of these.
Question 16
The primary objective of co-operative society is.....
A
Service Motive
B
Profit
C
Sales Turnover
D
Democratic Management
Question 17
Which ratio explains that how much portion of earning is distributed in the form of dividend?
A
Equity-Debt Ratio
B
Pay-out Ratio
C
Earning Yield Ratio
D
Dividend-Debt Ratio
Question 18
Suppose tax exempted goods under earlier law dispatched within 6 months prior to the appointed day are returned back within 6 months from the appointed day. How, the tax element involved in the return supply will be treated under GST?
A
Subject to tax at the appropriate rate of GST
B
No GST
C
At the half rate of the GST
D
Only SGST is charged
Question 19
Which of the following is not true about Equitable Mortgage?
A
It is created by Deposit of title deeds.
B
Title Deeds can be deposited by Mortgagor or his authorized agent.
C
Title Deeds can be deposited at Mumbai, Kolkata, Chennai or any other place notified by State Government.
D
It can be only in respect of property located in urban areas
Question 20
Dependent variable is represented along
A
x-axis
B
y-axis
C
z-axis
D
None of the above
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *