Commerce online quiz 312

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Excise tax is a part of
A
Fixed cost
B
Variable cost
C
Implicit cost
D
Is not a part of cost
Question 2
A bill of exchange is called a..... by one who is liable to pay it on the due date
A
Bill receivable
B
Noted bill of exchange
C
Bill payable
D
None of the above
Question 3
Which of the following is not an entertainment industry value chain model?
A
content owner direct model
B
user distribution model
C
aggregator model
D
Internet innovator model
Question 4
Which form of e-marketplace brings together buyers and sellers from multiple industries, often for MRO materials?
A
horizontal
B
Vertical
C
Integrated
D
Inclined
Question 5
A taxable person failed to pay tax and/or file returns on time. He should pay interest on?
A
Gross tax payable
B
Gross tax payable & input credit claimed
C
Net tax payable
D
No interest payable, if reasonable cause is shown
Question 6
SBI has become the first bank to install an ATM at Drass of Jammu & Kashmir Kargil region, making it the 27, 032nd branch of the Bank on 27th July 2012. What is the importance of Drass?
A
This is the hottest place on earth
B
Second coldest place on Earth
C
Highest populated place in India
D
Lowest populated place in India
Question 7
The audit of a Joint Stock Public Company is done-
A
compulsorily
B
voluntarily
C
at the direction of Government
D
on demand of shareholders
Question 8
..... is one of the records of circulation section.
A
Accession Register
B
Day book
C
Catalogue Card
D
AACR-2 (R)
Question 9
The person from whom the goods are purchased on credit are called
A
Debtors
B
Creditors
C
Accounts receivable
D
None of the above
Question 10
An expense payable account will show a..... balance and will be shown on the.....side of the balance sheet.
A
credit and liability
B
debit and assets
C
credit and assets
D
none of these
Question 11
Which among the following is eligible to issue Self Prospectus?
A
Any company contemplating for public issue of securities
B
Any public financial institution
C
Only manufacturing companies
D
Only foreign companies engaged in trading in India
Question 12
Inventory of final goods that are not yet sold is called
A
finished goods inventory
B
indirect material inventory
C
direct materials inventory
D
work in process inventory
Question 13
Which one of the following statements is false?
A
A 'Demat Share' is held by the depository on behalf of the investor whereas a 'Physical Share' is held by the investor himself
B
There is no stamp duty on the transfer of 'Demat Shares' from one account to another
C
The 'Demat Share' does not have a folio number, distinctive number or certificate number like a 'Physical Share'
D
The 'Demat Share' cannot be converted into a 'Physical Share'
Question 14
The most structured marketing problems are likely to be those dealing with
A
Product
B
Promotion
C
Place
D
Price
Question 15
117: Which of the following accounting equations is not correct?
A
Assets = Liabilities + Capital
B
Capital = Assets-Liabilities
C
Liabilities = Assets-Capital
D
Liabilities = Assets + Capital
Question 16
All of the following influence capital budgeting cash flows EXCEPT.
A
accelerated depreciation
B
salvage value
C
tax rate changes
D
method of project financing used
Question 17
Lock period in Term deposit means?
A
Locker must be opened by the customer in the branch.
B
The Pre-maturity is not possible.
C
Another account cannot be opened by customer.
D
Nominee name need not be written.
Question 18
A private company should have at least..... members.
A
2
B
7
C
10
D
50
Question 19
The system operated by the WTO is known as the
A
multilateral trading system
B
bilateral trading system
C
ratified system
D
ungratified system
Question 20
Trading procedures dimensions include
A
location dimension
B
method of matching orders
C
price dimension
D
Both A and B
There are 20 questions to complete.

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