Commerce online quiz 309

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Prepaid salary has
A
Debit balance
B
Negative balance
C
Credit balance
D
None of the above
Question 2
The LAC curve
A
Falls when the LMC curve falls
B
Rises when the LMC curve rises
C
Goes through the lowest point of the LMC curve
D
Falls when LMCLAC
Question 3
.helps in ascertaining costs beforehand.
A
Financial accounting
B
cost accounting
C
management accounting
D
none of these
Question 4
A bill of material serves the purpose of
A
Material requisition
B
stores ledger
C
material issue analysis sheet
D
none of these
Question 5
Chalpathi Rao committee was meant for restructuring of
A
State financial corporation in India
B
Commercial banks in India
C
Co-operative banks in India
D
Regional Rural banks in India
Question 6
Stock of a Trading concern consists of
A
Raw material
B
Work in progress
C
Merchandise inventory
D
All of the above
Question 7
Inter process profits are.....
A
credited to each process a/c
B
debited to respective process a/c
C
shown only in the finished stock a/c
D
shown in the balance sheet
Question 8
Which one of following is main advantage of quantitative method?
A
non expression
B
non constant
C
objective
D
non objective
Question 9
.is the consolidated summary of the various functional budgets.
A
Master Budget
B
Sales budget
C
Performance budget
D
Cash Budget
Question 10
Recording of transactions in the books of original entry is.....under subsidiary books
A
simplified
B
complicated
C
modified
D
none of these
Question 11
Rs. 5, 000 spent on replacement of worn-out part of the machine will be charged as
A
capital expenditure
B
Revenue expenditure
C
Deferred revenue expenditure
D
None of these.
Question 12
Whether the ruling pronounced under Section 98 of CGST Act, 2017 have prospective or retrospective effect?
A
Prospective effect
B
Retrospective effect
C
Prospective/Retrospective effect based on case to case
D
None of the above
Question 13
Sequence the following in the order which they are practised
  1. Promotion
  2. Performance appraisal
  3. Recruitment
  4. Training and Development
A
(iii), (ii), (iv), (i)
B
(iii), (ii), (i), (iv)
C
(iii), (i), (iv), (ii)
D
(iii), (iv), (ii), (i)
Question 14
During the formulation of plans HR can
A
Provide details regarding competitors incentive Plans
B
Provide moral support
C
Provide information on competitiors diversity
D
Provide empowerment strategies.
Question 15
Payments if it is made at end of each period such as an end of year is classified as
A
ordinary annuity
B
deferred annuity
C
annuity due
D
Both A and B
Question 16
Net working capital is the excess of current asset over.....
A
Current liability
B
Net liability
C
Total payable
D
Total liability
Question 17
The main function of IMF is
A
to help solve balance-of-payments problem of member countries
B
to arrange international deposits from banks
C
to act as private sector lending arm of the World Bank
D
to finance investment loans to developing countries
Question 18
Suppose, one dealer is a defaulter of any dues. What will be the nature of his refund application?
A
Refund is adjusted over arrear dues
B
80% of the Refund is allowed on a Provisional basis.
C
Refund Application is withheld
D
20% of the Refund is allowed on a Provisional basis.
Question 19
Cost incurred for the maintenance of shop is considered as
A
Deffered expense
B
Capital expenditure
C
Revenue expenditure
D
Preliminary expense
Question 20
When shall the Director of a private limited company be not liable to pay the tax dues if the company is not able to pay
A
In all cases
B
Company refuses to pay
C
If the non-recovery is not due to gross neglect misfeasance or breach of duty of the Director
D
None of the above
There are 20 questions to complete.

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