Commerce online quiz 306

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Which of the following account will be credited in the books of XYZ Co. Ltd, if the business purchases a vehicle thriugh cheque?
A
Vehicle account
B
Business account
C
Bank account
D
Debtors account
Question 2
The capital of the proprietor increases when the business makes.....
A
revenue
B
income
C
loss
D
profit
Question 3
Required rate of return in calculating bond's cash flow is also classified as
A
going rate of return
B
yield
C
earning rate
D
Both A and B
Question 4
PPBS relates to
A
Book selection
B
Journal selection
C
Budgeting
D
Library records
Question 5
The maximum Statutory Liquidity Ratio to be maintained by banks is.....:
A
25%
B
30%
C
35%
D
40%
Question 6
Goods given as samples should be credited to
A
advertisement account,
B
sales account
C
purchase account,
D
none of the above.
Question 7
Which of the following supply involving movement of goods is an intra-State supply?
A
Location of supplier in Kerala and place of supply in Tamil Nadu
B
Location of supplier in Karnataka and place of supply in Karnataka
C
Location of supplier in Kerala and place of supply on Andhra Pradesh
D
None of the above
Question 8
Accommodation bill is drawn
A
To finance actual purchase or sale of goods
B
To facilitate trade transmission
C
To cater the fund requirements of both the parties
D
None of the above
Question 9
In electricity supply company uses.as cost unit.
A
Kilo watt hour
B
per household
C
voltage
D
none of these
Question 10
Which of the following examines information passing through switches, hubs, or routers?
A
Key logger
B
Packet sniffer
C
Log analysis tools
D
Screen captures
Question 11
Outdated and seldom used books are withdrawn from the library is known as.....
A
Shelving
B
Weeding
C
Circulating
D
Guiding
Question 12
The basic rule of book-keeping "Debit all expenses and losses and credit all gains and incomes" is applicable to
A
Personal account
B
Real account
C
Nominal account
D
None of the above
Question 13
Which among the following committee has looked inot the maladies affecting the proper functioning of the public distribution systems (PDS) in India?
A
Suresh Tendulkar Committee
B
Kaushik Basu Committee
C
Wadhwa Committee
D
Rangarajan Committee
Question 14
Convenience sampling is a
A
Probability Sampling
B
Non-probability Sampling
C
Random Sampling
D
None of the above
Question 15
Agricultural income is exempt provided the
A
Land is situated in India
B
Land is situated in any rural area India
C
Land is situated whether in India or outside India
D
None of the above
Question 16
Co-operative Banks in India are registered under (i) Banking laws (Co-operative Societies) Act. 1956 (ii) Banking Regulations Act, 1949 (iii) Companies Act, 1956 Select the correct answer using the following codes.
A
only i
B
i and ii
C
ii and iii
D
i, ii and iii
Question 17
Fixed cost per unit increases when.....
A
variable cost per unit increases
B
variable cost per unit decreases
C
production volume increases
D
production volume decreases
Question 18
Which of the following is a cause of an economic problem?
A
Scarcity of resources
B
Alternative uses
C
Unlimited wants
D
All of the above
Question 19
Which of the following is not a current asset?
A
Land and Building
B
Debtors
C
Stock
D
Cash at bank
Question 20
Earned but not yet received income is treated as
A
Asset
B
Liability
C
Loss
D
Capital
There are 20 questions to complete.

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