10000 MCQ /questions on commerce questions answers
If employees of division A work for 8000 hours for $90 per hour, then rate must be paid in division B in accordance of single rate method will be
$90 per hour
less than $90 per hour
greater than $90 per hour
none of above
As per AS-2, inventory is to be valued at
Net realisable value
The lower of cost, or net realisable value
Why is retention of knowledge workers sometimes a problem?
- Knowledge workers often have knowledge crucial to organisational performance.
- Knowledge workers normally posses high degree of social capital.
1 and 2
2 and 3
1 and 3
All 1, 2 and 3
Strength of relationship between cost driver and cost is considered as
badness of residual
goodness of residual
badness of fit
goodness of fit
What is the use of physical characteristics-such as your fingerprint, the blood vessels in the retina of your eye, the sound of your voice, or perhaps even your breath-to provide identification?
Suppose one taxable person has un-availed cenvat credit or ITC on capital goods not carried forwarded to the last return in the earlier law and allowable both under earlier law or GST law. How it will be treated under GST?
Refunded under earlier laws
Allowed as ITC in GST
Refunded under GST law
Any of the Above
Interest rate risk
..... Deals with appointing people and placing them at the appropriate jobs.
..... is a process of taking advantage of differentials in interest rates of two currencies while eliminating exchange risk.
The bonus issue is permitted to be made out of..... and premium collected in cash.
free cash dividend
Factor which provides hedge to managers in adverse and unexpected circumstances is known as
Who among the following are NOT eligible for carry forward Cenvat Credit in their Cenvat A/c into input tax credit under the CGST Law?
Excise First Stage and Second Stage Dealers
Importers other than a registered importer
Relationship of banker with payee of draft
Trustee and Beneficiary
Drawees and Drawee
Licensor and Licensee
Principle and Agent
Bonds issued by corporations and exposed to default risk are classified as
zero risk bonds
Balance in electronic credit ledger under IGST can be used against which liability?
IGST Liability only
IGST and CGST liability
IGST, CGST and SGST liability
None of them
Costing system, in which individual activities are identified as cost object is considered as
activity based costing
The decision function of financial management can be broken down into the..... decisions.
financing and investment
investment, financing, and asset management
financing and dividend
capital budgeting, cash management, and credit management
The five conditions for claiming ITC doesn't include the following:
He is in possession of tax invoice
He has received the goods/services
The tax charged has been actually paid to the Government
He must have inter-state supply
Who is competent authority for passing an order for provisional attachment?
The Deputy Commissioner
The GST Council
The Assistant Commissioner
The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of.....:
There are 20 questions to complete.