Commerce online quiz 335

By | August 21, 2018

NTA NET SURE SUCCESS!!! Solve all MCQ and QUIZ on this site. You will get many common questions in Final exam. Do not forget to tell your friends

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।)
If residual error is 51 and predicted cost value is 37, then observed cost value will be
A
14
B
88
C
24
D
68
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Dividend and interest are.....
A
synonymous terms
B
different from each other
C
debited to profit and loss account
D
divisible profits
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The quorum required for a meeting of the GST Council will be
A
1/2 of the members
B
2/3 rd of the members
C
1/3 rd of the members
D
3/4th of the members
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Direct cost incurred can be identified with.....
A
each department
B
each unit of output
C
each month
D
each executive
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which one of the following securities cannot be issued by a Public Limited Company in India?
A
Participating preference shares
B
Redeemable preference shares
C
Deferred shares
D
Debentures.
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which statement is true about financial management?
A
An option is a claim without any liability.
B
The wealth of a firm is defined as the market price of the firm's stock.
C
The maximisation of profit is often considered as an implied objective of a firm.
D
All of the above.
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Balance sheet, in which all costs of product that must be considered as its assets, is said to be
A
factory overhead costs
B
manufacturing overhead costs
C
Inventoriable costs
D
finished costs
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Outstanding expenditure is a..... account.
A
nominal
B
personal
C
real
D
liability
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is not a horizontal portal?
A
AOL
B
Yahoo
C
Sailnet
D
MSN/Windows Live
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which among the following has the function of recommending Minimum Support Prices for various commodities to teh Government?
A
National Farmers Commission
B
Agriculture Cost & Price Commission
C
Central Statistical Organization
D
Department of Agriculture
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Excess working capital results in.....
A
Block of cash
B
Loosing interests
C
Lack of production
D
Lack of smooth flow of production
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Right side of balance sheet states the
A
appreciated earnings
B
liabilities
C
assets
D
stocks earnings
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Payment of rent expenses is recorded on which side of cash book?
A
Receipts
B
Payments
C
Income
D
Expense
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In calculation of net cash flow, depreciation and amortization are treated as
A
current liabilities
B
income expenses
C
non-cash revenues
D
non-cash charges
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The Unadjusted VAT Credit under earlier law will be transferred and credited to:
A
IGST ITC
B
CGST ITC
C
SGST ITC
D
Any of the Above
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What are the factors differentiating Composite Supply & Mixed Supply CGST Act 2017?
A
Nature of bundling i.e. artificial or natural
B
Existence of Principal Supply
C
Both of the above
D
None of the above
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Type of interest rates consist of
A
nominal rates
B
periodic rates
C
effective annual rates
D
all of above
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What is/are the condition for availing ITC on stock related to non-taxable period by a dealer who was not liable to get registered in the earlier law or a manufacturer of the exempted goods in the earlier law?
  1. Su
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
I, ii, iii & iv
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The primary difference between a fixed budget and a variable(flexible) budget is that a fixed budget:
A
Includes only fixed costs, while a variable budget includes only variable costs.
B
Is concerned only with future acquisitions of fixed assets, while a variable budget is concerned with expenses which vary with sales.
C
Cannot be changed after the period begins, while a variable budget can be changed after the period begins.
D
Is a plan for a single level of sales(or other measure of activity), while a variable budget consists of several plans, one for each of several levels of sales (or other measure of activity)
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A registered taxable person is liable to show his GSTN number:
A
Tax Invoice
B
Name Board of Principal Place and additional place of business
C
Both A) and B)
D
None of the Above
There are 20 questions to complete.

Leave a Reply

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