10000 MCQ /questions on commerce questions answers
Internal Audit is provided for in the-
Both (A) and (B)
Neither (A) nor (b)
Cost of production is equal to.....
works overhead plus administration overheads
Prime cost plus Works cost
prime cost plus works overhead
Works cost plus Administration Overheads
Which one of the following statements about preparation of financial statements of a limited liability company is correct?
Financial statements should be prepared according to the cash basis of accounting only
Financial statements should be prepared according to the accrual basis of accounting only
Financial statements should be prepared according to either the cash basis or accrual basis of accounting
Financial statements should be prepared according to both the accrual and cash basis of accounting
A Company is called an artificial person because.....
It does not have the shape of a natural person
It cannot be used in the court of law
It is invisible and intangible
It exists only in contemplation of law
..... is a machine which process text material on a page when operator strikes keys are arranged on the key boards.
Decrease in cash reserve ratio might lead to
- Increase in credit creation
- Decrease in M3
- Increase in M3 / M0
- Increase in interest rate
1, 2, 3
2, 3, 4
1, 2, 4
"Calculate the prime cost from the following information: Direct material purchased: Rs. 1, 00, 000. Direct material consumed: Rs. 90, 000. Direct labour: Rs. 60, 000. Direct expenses: Rs. 20, 000. Manufacturing overheads: Rs. 30, 000."
Rs. 1, 80, 000
Rs. 2, 00, 000
Rs. 1, 70, 000
Rs. 2, 10, 000
''Sensitive Index'' of Bombay Stock Exchange is called.....
The dealers liable to make estimated Advance Tax Remittance to obtain GST Registration are:
Dealers having Business Verticals
Casual Dealers and Non-Resident Taxable Person
E-Commerce Operator and Aggregator of Branded Services
The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 percent to?
Multiple costing is a technique of using two or more costing methods for ascertainment of cost by.....
the same firm
the several firms
the same industry
the several industries
Loan taken by the person, not telling the purpose of taking loan is called?
Reserve Bank of India (RBI) was established on the recommendations of.....
Hilton Young Commission
None of these
R Ltd., is registered in U.K. The control and management of its affairs is situated in India.R Ltd. shall be
Resident in India
Not ordinarily resident in India
None of the above
The formula for coefficient of variation is?
Standard Deviation/ Mean
Mean/ Standard Deviation
(Mean-Mode)/ Standard Deviation
Standard Deviation/ (Mean-Mode)
Asia's first credit card with Visa Code launched by?
Karnataka Bank Ltd
When can assistance of expert be taken?
- Before passing Order
i, ii & iii
i, ii & iv
ii, iii & iv
i, ii, iii & iv
A stock which is issued to meet specific needs of company is considered as
According to behavioral scientists, organization means the structure of:
tasks and relationships
behaviour of the management with the working force
attitude of workers with the management
When sale is Rs. 4, 80, 000, gross loss is 25% on cost, purchase is Rs. 3, 50, 000 and closing stock is Rs. 60, 000, the stock in the beginning would be-
Rs. 70, 000
Rs. 94, 000
Rs. 1, 34, 000
Rs. 3, 50, 000
There are 20 questions to complete.