Commerce online quiz 309

By | August 21, 2018

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10000 MCQ /questions on commerce questions answers

Question 1 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Prepaid salary has
A
Debit balance
B
Negative balance
C
Credit balance
D
None of the above
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
.helps in ascertaining costs beforehand.
A
Financial accounting
B
cost accounting
C
management accounting
D
none of these
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Stock of a Trading concern consists of
A
Raw material
B
Work in progress
C
Merchandise inventory
D
All of the above
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which one of following is main advantage of quantitative method?
A
non expression
B
non constant
C
objective
D
non objective
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
.is the consolidated summary of the various functional budgets.
A
Master Budget
B
Sales budget
C
Performance budget
D
Cash Budget
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Net working capital is the excess of current asset over.....
A
Current liability
B
Net liability
C
Total payable
D
Total liability
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cost incurred for the maintenance of shop is considered as
A
Deffered expense
B
Capital expenditure
C
Revenue expenditure
D
Preliminary expense
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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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