Commerce online quiz 305

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
What are plastic cards the size of a credit card that contains an embedded chip on which digital information can be stored?
A
Customer relationship management systems cards
B
E-government identity cards
C
FEDI cards
D
Smart cards
Question 2
What is the maximum number of times a hearing can be adjourned?
A
1
B
3
C
5
D
None of the above
Question 3
The balance appearing in the books of a company at the end of year were CRR A/c Rs. 50, 000, Security Premium Rs. 5, 000, Revaluation Reserve Rs. 20, 000, P & L A/c (Dr) Rs. 10, 000. Maximum amount available for distribution of Bonus Share will be-
A
Rs. 50, 000
B
Rs. 55, 000
C
Rs. 45, 000
D
Rs. 57, 000
Question 4
The primary functions of the service co-operatives are
A
Provision of short and medium-term credit
B
Supply of agricultural and other production requirements
C
Collection of agricultural produce for sale through the marketing society
D
All of the above
Question 5
Register of member is a.....
A
statutory book
B
statistical book
C
official book
D
registered book
Question 6
The per unit expense of the portion factory overhead varies with the volume of production while..portion remains the same with volume.
A
Fixed, variable
B
variable, fixed
C
variable, semi-variable
D
none of these
Question 7
Firms that specialize in helping companies raise capital by selling securities are called.....
A
commercial banks
B
investment banks
C
savings banks
D
credit unions
Question 8
Which of the following can a virus do?
A
Hurt your hardware
B
Hurt any files they weren't designed to attack
C
Infect files on write-protected disks
D
None of the above
Question 9
Consider the following rights:
  1. Right to take part in the business
  2. Right to share profits
  3. Right to interest on advances in excess of capital
  4. Right to expel a non-cooperative partner
The legal rig
A
1 and 2
B
2 and 4
C
1, 2 and 3
D
1, 3 and 4
Question 10
When price of bond is calculated below its par value, it is classified as
A
classified bond
B
discount bond
C
compound bond
D
consideration earning
Question 11
Purchase of fixed assets on credit is originally recorded in
A
Purchases book
B
Ledger
C
Cash book
D
Journal Proper
Question 12
Holder of an American call option can
A
Buy the asset only on expiration
B
Sell the asset on or before expiration
C
Buy the asset on or before expiration
D
Sell the asset only on expiration
Question 13
Segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as
A
subunit center
B
instruction center
C
responsibility center
D
activity segment
Question 14
Cash Reserve Ratio (CRR) is to be maintained on Net Demand and Time Liabilities (NDTL). SLR is thus required to be maintained on.....?
A
Total Demand and Time Liabilities
B
Net Demand and Time Liabilities
C
Total Demand and Time Assets
D
Net Demand and Time Asset
Question 15
If compounding is done quarterly in year, the effective rate of interest is equal to
A
4 x nominal rate of interest
B
(1 + nominal rate of interest / 4)4
C
(1 + nominal rate of interest)/ 4
D
All of the above
Question 16
An inferior commodity is one which is consumed in smaller quantities when the income of consumer
A
Becomes nil
B
Remains the same
C
Falls
D
Rises
Question 17
"Calculate the value of closing stock from the following according to FIFO method: 1st January, 20XX: Opening balance: 50 units @ Rs 4 Receipts: 5th January, 20XX: 100 units @ Rs 5 12th January, 20XX: 200 units @ Rs 450 Issues: 2nd January, 20XX: 30 unit
A
Rs. 765
B
Rs. 805
C
Rs. 786
D
Rs. 700
Question 18
Which one of the following was the purpose of the appointment of Rangachary committee?
A
Taxation of software Development Centres & IT Sector
B
Taxation of Biotechnology and Pharmacy sector
C
Taxation of MSME sector
D
None of the above
Question 19
The in-principle approval granted by RBI for establishing new banks will be valid for a period of.....to comply completely with the requirements.
A
6 months
B
9 months
C
12 months
D
18 months
Question 20
When actual loss is less than the estimated loss, the difference between the two is considered to be
A
Abnormal gain
B
abnormal loss
C
normal loss
D
income
There are 20 questions to complete.

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