10000 MCQ /questions on commerce questions answers
Identify the factor which generally keeps the price-elasticity of demand for a good high.
Its very high price
Its very low price
Large number of substitutes
None of the above
Who is generally regarded as the founder of the 'Classical School'?
Are lower in the long run than in the short run
Can be negative
Are less in perfect competition than in monopoly
All of the above
An asset is purchased for Rs.50, 000 on which depreciation is provided annually according to the straight line method. the useful life is 10 years and the scrap value is 10, 000. The rate of depreciation is
An entry which has more than one debit and or credit is called.....
none of these
The offer curves introduced by Alfred Marshall, helps us to understand how the..... is established in international trade.
Terms of trade
Equilibrium price ratio
When one or both aspects of a transaction are recorded in the wrong class or category of account, it is called
Error of principle
Error of omission
Error of commission
Error of original entry
If interest rates rose, you would expect..... to also rise.
Budgeted total direct labour cost is divided with budgeted total direct labour to calculate
budgeted indirect labour cost rate
expected direct labour cost rate
budgeted direct labour cost rate
expected indirect labour cost rate
What is Marginal Standing Facility (MSF)?
MSF rate is the rate at which banks lodge funds overnight with RBI buying approved government securities.
MSF rate is the rate at which banks borrow funds overnight from other banks against approved government securities.
MSF rate is the rate at which banks borrow funds overnight from RBI against approved government securities.
MSF rate is the minimum rate at which banks lend to the borrowers.
The capital that is consumed by an economy or a firm in the production process is known as
The bond that does not pay any interest and issued at a price lower than its reimbursement value is called as
Zero coupon bond
What action should be taken by an assessee to satisfy with anti-profiteering provision?
Reduce rate of tax on any supply of goods or service, if such assessee has got the benefit of such reduced rate
Pass on the benefit of input tax credit, if such assessee has got such input tax credit
Both (a) and (b)
None of the above
When price elasticity of demand for normal goods is calculated, the value is always
Greater than 1
Bond that has been issued in very recent timing is classified as
Success of cost reduction initiatives are evaluated by accurate
If median = 27 and Mean = 30, Mode will be-
Cost influences by responsibility center manager who is considered as
The inputs in stock should be used or intended to be used for making:
Either taxable or exempt supplies
Both taxable and exempt supplies
Type of stock in which dividends are tied to any particular part of a firm is classified as
firm part stock
There are 20 questions to complete.