Commerce online quiz 323

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Properties and possessions of a business are termed as.....
A
assets
B
liabilities
C
profit
D
loss
Question 2
Stock which has fixed payments and failure of payments which do not lead to bankruptcy is classified as
A
common stock
B
preferred stock
C
bonds equity
D
common shares
Question 3
A and B are partners sharing profits and losses in proportion 2-1. They admit new partner C whom they give 1/5th share in profits. The new profit-sharing ratio will be-
A
8-4-3
B
3-2-1
C
2-1-1
D
4-2-1
Question 4
A process costing system for J Co used an input of 3, 500Kg of materials at Rs20 per Kg and labour hours of 2, 750 at Rs 25 per hour. Normal loss is 20% and losses can be sold at a scrap value of Rs5 per Kg. Output was 2, 950 Kg. What is the value of the ou
A
Rs 142, 485
B
Rs 146, 183
C
Rs 149, 746
D
Rs 152, 986
Question 5
Consumer surplus is highest in case of
A
Necessities
B
Luxuries
C
Comforts
D
Conventional necessities
Question 6
Cost of money is affected by factors which includes
A
production opportunities
B
risk
C
all of above
D
inflation
Question 7
The expenses for conducting a special audit are met by:
A
The Government
B
The Dealer
C
The CA who originally conducted the audit
D
Any of the above
Question 8
Rs.5000 spent on maintenance of computer is
A
Deferred capital expenditure
B
Capital expenditure
C
Revenue expenditure
D
None of the above
Question 9
Which among the following banks has launched the 'Tatkal', scheme that enables the people to transfer money to their families in their native towns and villages without actually opening an account?
A
State Bank of India
B
Bank of India
C
Canara Bank
D
Union Bank of India
Question 10
Which one of the following pairs of commodities is an example of substitutes?
A
Tea and sugar
B
Tea and coffee
C
Pen and ink
D
Shirt and trousers
Question 11
Italian money lenders were known as Banechi or Banacheri because
A
They had a lot of money
B
They had a money bank
C
They kept a special type of table to transact their business
D
All of the above
Question 12
All of the following are types of social marketing except.....
A
affiliate marketing
B
blog advertising
C
social network advertising
D
game advertising
Question 13
''Perceived equity in reward results in satisfaction''. Which one of the following motivation theories takes this into account?
A
Porter and Lawler Model
B
Victor Varoom's Expectancy Model
C
F.W. Taylor's incentive scheme
D
Herzberg's two-Factor Theory
Question 14
Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is
A
Job costing
B
Operating costing
C
Process Costing
D
both b and c
Question 15
Modigliani and Miller's dividend policy of a firm is
A
Relevant
B
Irrelevant
C
Unrealistic
D
None of these
Question 16
The difference between the cash price and the futures price on the same asset or commodity is known as the.....
A
basis
B
spread
C
yield spread
D
premium
Question 17
..... principle requires that the same accounting method should be used from one accounting period to the next
A
Conservatism
B
Consistency
C
Business entity
D
Money measurement
Question 18
Flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be
A
$61, 000
B
$71, 000
C
$43, 000
D
$24, 000
Question 19
Secret key is used for.
A
Public key cryptography
B
Private key cryptography
C
Asymmetric key cryptography
D
None of these
Question 20
Input Tax credit as credited in Electronic Credit ledger can be utilized for
A
Payment of Interest
B
Payment of penalty
C
Payment of Fine
D
Payment of Taxes
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *