Commerce online quiz 303

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
What are the standard size of the Accession Register is
A
16'' * 12''
B
16'' * 13''
C
16'' * 11''
D
16'' * 18''
Question 2
What of the following is false about W.T.O.?
A
It is the main organ for implementing the Multilateral Trade Agreement
B
It is global in its membership
C
It has far wider scope than GATT
D
Only countries having more than prescribed level of total GDP can become its member
Question 3
The liability of the shareholders of a public limited company is limited to the extent of-
A
Par value of the share
B
Paid up value of the shares
C
Market price of the shares
D
Intrinsic value of the shares
Question 4
Tender is an.....
A
estimation of profit
B
estimation of cost
C
estimation of selling price
D
estimation of units
Question 5
What is the quorum of General Meetings in the case of a Private Company?
A
2 members
B
3 members
C
4 members
D
5 members
Question 6
The..... is especially well suited to offer hedging protection against transactions risk exposure.
A
forward market
B
spot market
C
transactions market
D
inflation-rate market
Question 7
A bank on whom a cheque is drawn by the customer is
A
Collecting bank
B
Issuing bank
C
Accepting bank
D
Paying bank
Question 8
Personal Account relates to-
A
Persons
B
All artificial and natural persons
C
Representative Personal Accounts
D
All of the above
Question 9
RBI revised premature deposit rules of which type of accounts?
A
Kiddy accounts
B
Current accounts
C
Large value fixed deposit accounts
D
Dollar savings accounts
Question 10
An increase in the value of fixed asset is referred to as:
A
Depreciation
B
Appreciation
C
Market capitalization
D
Reverse depreciation
Question 11
Paid dividend is Rs 20 and current price is Rs 50 then dividend yield will be
A
40.00%
B
20.00%
C
30.00%
D
50.00%
Question 12
The economic analysis expects the consumer to behave in a manner which is
A
Rational
B
Irrational
C
Emotional
D
Indifferent
Question 13
Capital expenditures are recorded in the
A
Trading account
B
Profit & Loss account
C
Balance sheet
D
All of the above
Question 14
An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as
A
manufacturing analysis method
B
price analysis method
C
unit analysis method
D
account analysis method
Question 15
Which of the following is true about a trial balance?
A
It lists down the balances of accounts
B
It lists down the balances of a balance sheet
C
It is a kind of financial statement
D
It is not a part of accounting cycle
Question 16
Markets which bring closer institutions needing funds and with surplus funds are classified as
A
financial markets
B
corporate institutions
C
hedge firms
D
retirement planners
Question 17
Which of the following would not be considered as capital market security?
A
A corporate bond
B
A common stock
C
A 6-month Treasury bill
D
A mutual fund share
Question 18
A document sent to customer when he returns the goods is called
A
Promissory note
B
Invoice
C
Credit note
D
Debit note
Question 19
..... is the common base for preparing a trial balance
A
Ledger accounts
B
General Journal
C
Specialized journals
D
Balance sheet
Question 20
Is it mandatory that the tax on the supply has to be paid by the supplier so that the recipient can claim credit?
A
No
B
Yes
C
Optional
D
Not Applicable
There are 20 questions to complete.

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