Commerce online quiz 31

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The principle types of inventories are raw materials and, .....and finished goods
A
Processed materials
B
Goods-in-progress
C
stored goods
D
goods for dispatch
Question 2
110: In reference to the accounting standards, choose the correct statement:
A
Accounting standards codify the generally accepted accounting principles
B
They lay down the norms of accounting policies and practices by way of codes or guidelines
C
The main purpose of accounting standards is to provide information to the user as to the basis on which the accounts have been prepared
D
All of the above
Question 3
Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India?
A
NABARD
B
SIDBI
C
RBI
D
SEBI
Question 4
A right which controls and prevents transfer from current stockholders to other new stockholders is considered as
A
corporate charter
B
selling charter
C
laws
D
purchase chart
Question 5
The information for the preparation of receipts and payment account is taken from
A
Income and expenditure account
B
Balance sheet
C
Cash book
D
Cash book and balance sheet
Question 6
An item of cost that is direct for one business may be..for another business.
A
Important
B
direct
C
Indirect
D
none of the above.
Question 7
What is short term government security
A
Debenture
B
Mutual Funds
C
Treasury Bill
D
Share
Question 8
Arrange the following in order:
  1. Promotion
  2. Performance appraisal
  3. Recruitment
  4. Training and Development
A
(iii), (iv), (ii), (i)
B
(ii), (iii), (i), (iv)
C
(i), (ii), (iii), (iv)
D
(ii), (iv), (iii), (i)
Question 9
The main objective of providing depreciation is to
A
Calculate the true net profit
B
Compute the actual cash profit
C
Create funds for replacement of fixed assets
D
Reduce tax burden
Question 10
What will be the procedure to be complied by the provisional registration certificate holders to get final certificate of registration?
A
By e-filing the online registration application with the prescribed scanned documents within 1 months from the appointed day
B
By e-filing the online registration application with the prescribed scanned documents within 2 months from the appointed day
C
By e-filing the online registration application with the prescribed scanned documents within 3 months from the appointed day
D
By e-filing the online registration application with the prescribed scanned documents within 6 months from the appointed day
Question 11
Profession involves.....
A
Rendering of personal service
B
Undertaking a business
C
Undertaking a contract
D
Profit motive
Question 12
When Reserve Bank intends to increase credit by the banking system, it
A
Reduces the bank rate
B
Raises the bank rate
C
Freezes the bank rate
D
None of these
Question 13
Funds that cannot be remitted from the subsidiary to the parent due to host government restrictions is known as
A
Close-ended funds
B
Open-ended funds
C
Restricted funds
D
Blocked funds
Question 14
Which of the following methods is not used for raising capital through the sale of new securities?
A
By issue of prospectus
B
Rights issue
C
Stock exchange placing
D
Private placing
Question 15
The amount of current assets that varies with seasonal requirements is referred to as..... working capital.
A
Permanent
B
Net
C
Temporary
D
Gross
Question 16
Which statistical measure helps in measuring the purchasing power of money?
A
Arithmetic average
B
Index numbers
C
Harmonic mean
D
Time series
Question 17
Which of the following best describes predicted growth in C2C and B2C auction spending?
A
B2C spending will overtake C2C spending
B
Both types of spending will increase
C
C2C spending will decrease while B2C increases
D
Both types of spending will decline at similar rates
Question 18
Units of normal spoilage are divided to total completed units, rather than total actual produced units to calculate
A
normal spoilage rates
B
abnormal spoilage rates
C
normal scrap rates
D
abnormal scrap rates
Question 19
In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?
A
Commercial Banks
B
Cooperative Banks
C
Regional Rural Banks
D
Microfinance Institutions
Question 20
Future beta is needed to calculate in most situations is classified as
A
historical betas
B
adjusted betas
C
standard betas
D
varied betas
There are 20 questions to complete.

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