Commerce online quiz 324

By | August 21, 2018

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10000 MCQ /questions on commerce questions answers

Question 1 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An individual demand curve slopes downward to the right because of the
A
Working of the law of diminishing marginal utility
B
Substitution effect of decrease in price
C
Income effect of fall in price
D
All of the above
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cost of equity which is raised by reinvesting earnings internally must be higher than the
A
cost of initial offering
B
cost of new common equity
C
cost of preferred equity
D
cost of floatation
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
.is a summary of all function budgets in a Capsule form.
A
Sales budget
B
Master Budget
C
Performance budget
D
Cash Budget
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Third step in process costing system is to
A
summarize flow of output
B
compute output in units
C
summarize total costs
D
compute cost for each equivalent unit
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Annual report on currency and finance is published by
A
SIDBI
B
RBI
C
Ministry of finance
D
None of the above
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Price and demand are positively correlated in case of
A
Normal goods
B
Comforts
C
Giffen goods
D
Luxuries
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Most suitable basis for apportioning insurance of machine would be:
A
Floor Area
B
Value of Machines
C
No of Workers
D
No of Machines
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Double entry system refers to
A
entry in two sets of books
B
entry for two aspects of the transaction
C
entry at two dates
D
none these.
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Consider the following statements:
  1. Payment bank cannot issue credit cards
  2. There is a limit on maximum balance of individual customer in payment bank
  3. SLR requirements for payment banks and small banks is les
A
1, 2, 4 correct
B
3, 4 correct
C
1, 2 correct
D
1, 3, 4 correct
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which statement is not true in respect of a Balance Sheet?
A
It is an account
B
It is prepared every month
C
It is prepared to check the mathematical accuracy
D
All the above
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cost of retained earnings is equal to.....
A
Cost of equity
B
Cost of debt
C
Cost of bank loan
D
Cost of term loans
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Where..... ends..... begins.
A
book-keeping and accounting
B
accounting and book-keeping
C
transaction and accounting
D
none of these
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In imperfect competition
A
Excess capacity always exists
B
Excess capacity never exists
C
Excess capacity may or may not exist
D
None of the above
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Systematic way of linking group of indirect cost to a cost object is classified as
A
linked allocation base
B
direct allocation base
C
indirect allocation base
D
cost allocation base
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Estimation of cost functions, an ignoring information from all points but considering two observation points can be classified as
A
disadvantage of low high method
B
disadvantage of high low method
C
advantage of high low method
D
advantage of low high method
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A good library building is an outcome of librarian and.
A
Registrar
B
Building Corporation
C
Finance Officer
D
Architect
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The Meeting of Board of Directors must be called at least once-
A
In four months
B
In three months
C
In two months
D
In one month
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In the case of two perfect substitutes, the indifference curve will be
A
Straight line
B
L-shaped
C
U-shaped
D
C-shaped
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
All adjustment entries in Final A/c are written at two places-
A
Trading A/c and Balance Sheet
B
Profit & Loss A/c and Balance Sheet
C
Trading A/c, Profit & Loss A/c and Balance Sheet
D
Trading and profit & Loss A/c and Balance sheet
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In case no satisfactory explanation is furnished for the discrepancies within a period of thirty days of being informed by the proper officer or such further period as may be permitted proper officer may initiate appropriate action:
    There are 20 questions to complete.

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