Commerce online quiz 42

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।)
A joint cost allocation method is based on relative value of total sales, at point of split off is classified as
A
sales value at split off method
B
joint costs at split off point method
C
joint products value at split off method
D
main product cost at split off method
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The number of partners in a partnership firm is-
A
Uncertain
B
Unlimited
C
Decided by partners
D
Limited
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The partial integration of agricultural income, is done to compute tax on
A
Agricultural income
B
non agricultural income
C
Both agricultural and non agricultural income
D
None of the above
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is a nominal account?
A
Drawings account
B
Outstanding interest account
C
Salary account
D
Machinery account.
Question 5 (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 one of the top three online career service providers?
A
CareerBuilder
B
Monster
C
HotJobs
D
USAJobs
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The formula of EBIT =.....
A
Sales-Variable cost
B
Contribution-Fixed cost
C
Sales-Fixed cost
D
All the above
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..... is the first phase of accounting cycle
A
Identifying an economic event or transaction
B
Preparing Journal
C
Posting entries to Ledger accounts
D
Making decisions about business
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The formula for cost of debt is.....
A
kd=(1/2+f-p)/f+p
B
f+p
C
f-P
D
fxp
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 an extractive industry?
A
Cattle breeding
B
Forest cultivation
C
Hunting
D
Flour mills
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Will a person having multiple registration in various states receive single registration on Migration
A
Separate Registration would have to be obtained on migration for each State even for a single PAN number
B
Centralised Registration will be obtained for each PAN number across all States.
C
Separate Registration would have to be surrendered and fresh registration is required to be obtained.
D
Single registration with all locations across India disclosed as additional place of business can be obtained
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Memorandum of Association contains.....
A
Objective clause
B
Name clause
C
Capital clause
D
All of the above
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A person who..... digital or electronic facility or platform for electronic commerce shall be considered as an ecommerce operator.
A
Owns
B
Operates
C
Manages
D
Any of the above
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is the effect on net income if a business decreases its provision for bad debts?
A
It will increase net income
B
It will decrease net income
C
No effect
D
It will increase gross profit and net income
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following items of balance sheet are useful in evaluating a company's liquidity?
A
Current assets and other assets
B
Current liabilities and current assets
C
Current liabilities and plant and equipment
D
In current liabilities and other assets
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is part of the four main types for e-commerce?
A
B2B
B
B2C
C
C2B
D
All of the above
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is the normal balance of a rent expense account?
A
Credit balance
B
Cash balance
C
Overdraft
D
Debit balance
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In which files, the records organised in such a way that it is possible for the computer to directly locate the key of the desired record without having to search through a sequence of other records?
A
Direct Files
B
Sequential files
C
Both (A) & (B)
D
None of these
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The long run is a
A
Period of three years or longer
B
Period long enough to allow firms to change plant size and capacity
C
Period long enough to allow firm to make economic decisions
D
A period which affects larger than smaller firms
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A currency swap is refer to.....
A
A spot sale of currency combined with a forward repurchase of the same currency-as part of single transaction.
B
A forward sale of currency combined with a forward repurchase of the same currency-as part of a single transaction.
C
A forward sale of currency combined with a forward repurchase of the same currency-in two different transactions
D
All of these
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
.....includes financial and cost accounting, tax planning and tax accounting.
A
Financial accounting
B
cost accounting
C
management accounting
D
none of these
There are 20 questions to complete.

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