10000 MCQ /questions on commerce questions answers
In an office, Franking machine is used for-
Postal stamp fixing
E-Banking is also known as.
None of these
An expenditure is a revenue expenditure because
The amount is small
It is intended to benefit the current period
It is deducted from the gross sale proceeds
None of these.
PBX stands for.....
Private Book Exchange
Private Branch Exchange
Private Block Exchange
Private Business Exchange
What is Director Identification Number (DIN)?
An identification number which the individual company allots to the intending director
A number which the Central Government allots to any individual intending to be appointed as director or to any existing director of a company
A number which the SEBI allots to any individual intending to be appointed as director or to any existing director of a company
A number which the Central Government allots to retired directors so as to build data base
The components of WTO are
Disputes settlement body
All of the above
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?
Specific approval of the jurisdictional officer is required
Automatic, closing credit in the respective return would be automatically carried forward into the electronic credit ledger under GST
Detailed assessment / audit is mandatory for allowing credit
All credits availed up to one year prior to appointed date will be available
Which of the following statements are correct with regard to RuPay debit card?
- It is issued by National Payment Corporation.
- It can be used both within and outside the country.
- It can be used for unlimited
1 and 2 only
1, 2 and 3 only
1 and 4 only
1, 3 and 4 only
When factory overhead control account has an ending debit balance, factory overhead was
both a & b
none of these
Which one is an encryption technique?
All of the above
Which of the following is an industry strategic factor that relates to whether new entrants face a disadvantage when attempting to enter an industry?
barriers to entry
power of suppliers
power of consumers
industry value chain
Degree of financial leverage is a measure of relationship between.....
EPS and EBIT
EBIT and quantity produced
EPS and quantity produced
EPS and sales
The type of standard best suitable for cost control purpose is
Intrinsic value of share can be determined by?
Fair value method
Net assets method
Stock exchange quotation
In order to control credit in the country the RBI may
Buy securities in the open market
Sell securities in the open market
Reduce Bank Rate
Financial security issues by major banks and risk depends on strength of issuer is classified as
negotiable certificate of deposit
U.S treasury bills
Can a registered person opting for composition scheme collect tax on his outward supplies?
Yes, if the amount of tax is prominently indicated in the invoice issued by him
Yes, only on such goods as may be notified by the Central Government
In the Not-For-Profit Micro Finance Institutes, which among the following are included?
All of these
If the amount of work certified is less than of the contract price, then no profit should be taken to Profit & Loss Account.
Price discrimination is not possible in case of
There are 20 questions to complete.