Commerce online quiz 326

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Which one of the following is not one of the major types of e-commerce?
A
C2B
B
B2C
C
B2B
D
C2C
Question 2
Is there any matching to be done with the returns filed?
A
Yes, return of e-commerce operator should be matched with every return of supplier
B
No, no such requirement mandated
C
Yes, return of e-commerce operator should be matched with every return of supplier but no consequences if the returns do not match
D
Yes, return of e-commerce operator should be matched with every return of supplier and if the returns do not match then the amount of discrepancy will be added to the outward tax liability of the e-commerce operator
Question 3
For claiming exemption under section 54B the assessee should acquire
A
Urban agricultural land
B
Rural agricultural land
C
Any agricultural land
D
None of the above
Question 4
Normal profit is
A
Part of total cost
B
Part of economic profit
C
Total revenue minus total cost
D
Total revenue minus implicit cost
Question 5
The gross working capital is a..... concern concept.
A
Going concern
B
money measurement
C
revenue concept
D
cost concept
Question 6
Subsidiary journals are all books of..... entry.
A
original
B
subsidiary
C
secondary
D
none of these
Question 7
The following statements are related to Micro Finance System. Locate the wrong option?
A
It provides micro credit having scope for small savings and remittance of funds
B
It based on the principle of livelihood creation
C
The livelihood mission means engaging in activities in a routine fashion to generate cash or non-cash income
D
None
Question 8
A sleeping partner is one who.....
A
contributes capital
B
takes active part in the business
C
contributes members
D
contributes materials
Question 9
Selling costs have to be incurred in case of
A
Perfect competition
B
Monopolistic competition
C
Imperfect competition
D
None
Question 10
Financial analysts, working capital means the same thing as.....
A
total assets
B
fixed assets
C
current assets
D
current assets minus current Liabilities
Question 11
Unavailed CENVAT Credit on Capital Goods will be carried forward as?
A
CGST
B
SGST
C
IGST
D
CGST or SGST at the option of the supplier
Question 12
The per unit expense of the.....portion factory overhead varies with the volume of production while.....portion remains the same with volume.
A
Fixed, variable
B
variable, fixed
C
variable, semi-variable
D
none of these
Question 13
Stage in manufacturing cycle at which journal entries are made in system of accountancy is known as
A
chaining point
B
recording point
C
lead point
D
trigger point
Question 14
Standards set provide yardsticks against which.are compared
A
Budgeted costs
B
Estimated costs
C
Actual costs
D
None of these
Question 15
Financial management is indispensable in any organization as it helps in.....
A
taking sound financial decisions
B
proper use and allocation
C
improving the profitability of funds
D
all the above
Question 16
Dividend will grow at non-constant rate for N periods and periods such as N is classified as
A
growth date
B
terminal date
C
horizon date
D
Both B and C
Question 17
Amount spent to put second hand machinery in working condition is
A
Revenue expenditure
B
Deferred revenue expenditure
C
Capital expenditure
D
None of the above
Question 18
Which counting concept dictates the inclusion of 'provision for doubtful debts' in the financial statements?
A
Accrual concept
B
Matching concept
C
Going concern concept
D
Prudence concept
Question 19
An increase in value of option leads to low present value of exercise cost only if it has
A
low volatility
B
interest rates are high
C
interest rates are low
D
high volatility
Question 20
During E-commerce transaction we should ensure.....
A
Integrity
B
Security
C
Confidentiality
D
All the above
There are 20 questions to complete.

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