Commerce online quiz 313

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
In an office, Franking machine is used for-
A
Punching card
B
Accounting work
C
Duplicating
D
Postal stamp fixing
Question 2
E-Banking is also known as.
A
ATMs
B
Net banking
C
Traditional banking
D
None of these
Question 3
An expenditure is a revenue expenditure because
A
The amount is small
B
It is intended to benefit the current period
C
It is deducted from the gross sale proceeds
D
None of these.
Question 4
PBX stands for.....
A
Private Book Exchange
B
Private Branch Exchange
C
Private Block Exchange
D
Private Business Exchange
Question 5
What is Director Identification Number (DIN)?
A
An identification number which the individual company allots to the intending director
B
A number which the Central Government allots to any individual intending to be appointed as director or to any existing director of a company
C
A number which the SEBI allots to any individual intending to be appointed as director or to any existing director of a company
D
A number which the Central Government allots to retired directors so as to build data base
Question 6
The components of WTO are
A
Ministerial conference
B
Disputes settlement body
C
Director General
D
All of the above
Question 7
Is there any requirement of a pre-approval or assessment or verification by the GST officers for transitioning the credit lying in balance in the VAT/ Cenvat Return into GST return?
A
Specific approval of the jurisdictional officer is required
B
Automatic, closing credit in the respective return would be automatically carried forward into the electronic credit ledger under GST
C
Detailed assessment / audit is mandatory for allowing credit
D
All credits availed up to one year prior to appointed date will be available
Question 8
Which of the following statements are correct with regard to RuPay debit card?
  1. It is issued by National Payment Corporation.
  2. It can be used both within and outside the country.
  3. It can be used for unlimited
A
1 and 2 only
B
1, 2 and 3 only
C
1 and 4 only
D
1, 3 and 4 only
Question 9
When factory overhead control account has an ending debit balance, factory overhead was
A
Over applied
B
under applied
C
both a & b
D
none of these
Question 10
Which one is an encryption technique?
A
RSA
B
DES
C
AES
D
All of the above
Question 11
Which of the following is an industry strategic factor that relates to whether new entrants face a disadvantage when attempting to enter an industry?
A
barriers to entry
B
power of suppliers
C
power of consumers
D
industry value chain
Question 12
Degree of financial leverage is a measure of relationship between.....
A
EPS and EBIT
B
EBIT and quantity produced
C
EPS and quantity produced
D
EPS and sales
Question 13
The type of standard best suitable for cost control purpose is
A
Basic standard
B
Ideal standard
C
Normal standard
D
Expected standard
Question 14
Intrinsic value of share can be determined by?
A
Yield method
B
Fair value method
C
Net assets method
D
Stock exchange quotation
Question 15
In order to control credit in the country the RBI may
A
Buy securities in the open market
B
Sell securities in the open market
C
Reduce CRR
D
Reduce Bank Rate
Question 16
Financial security issues by major banks and risk depends on strength of issuer is classified as
A
negotiable certificate of deposit
B
mutual funds
C
U.S treasury bills
D
commercial paper
Question 17
Can a registered person opting for composition scheme collect tax on his outward supplies?
A
Yes
B
No
C
Yes, if the amount of tax is prominently indicated in the invoice issued by him
D
Yes, only on such goods as may be notified by the Central Government
Question 18
In the Not-For-Profit Micro Finance Institutes, which among the following are included?
A
Societies
B
Public Trusts
C
Non-Profit Companies
D
All of these
Question 19
If the amount of work certified is less than of the contract price, then no profit should be taken to Profit & Loss Account.
A
20%
B
25%
C
33.33%
D
40%
Question 20
Price discrimination is not possible in case of
A
Perfect competition
B
Monopoly
C
Monopolistic competition
D
Oligopoly
There are 20 questions to complete.

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