# Commerce online quiz 44

By | August 21, 2018

## 10000 MCQ /questions on commerce questions answers

 Question 1
Environment degradation does not consist of
 A Land degradation and soil erosion B Problem of over grazing and ecological degradation C Floods D None of the above
 Question 2
Room/day is the cost unit used in
 A Hotels B hospital C schools D none of these
 Question 3
Creditors account is a
 A Personal account B Real account C Nominal account D None of the above.
 Question 4
Which products are people most likely to be comfortable buying on the Internet?
 A Books B PCs C CDs D All of the above
 Question 5
The Institute of Chartered Accountants of India was established in the year-
 A 1947 B 1949 C 1951 D 1956
 Question 6
A document which consists information about labour time usage, for specific job in a specific department, is known as
 A selling time record B labour time record C buying time record D direct time record
 Question 7
Can a principal supply inputs and/or capital goods from the job-worker's premises?
 A Yes, only when the job-worker is registered B Yes, even if the job-worker is unregistered by declaring the job-worker's premises as his additional place of business C Yes, irrespective of whether the job-worker is registered or not, principal is engaged in the supply of goods which are notified by the Commissioner on this behalf D All of the above
 Question 8
LIC of India is an example of.....
 A department organization of the central government B government company C public corporation D private corporation
 Question 9
If total incurred cost in a production process are $30000 and number of output units are 5000 units, then units cost will be  A$16 B $60 C$6 D \$26
 Question 10
All labour is
 A Homogeneous B Heterogeneous C Lazy D Intelligent
 Question 11
Right held with corporations to call issued bonds for redemption is considered as
 A artificial provision B call provision C redeem provision D original provision
 Question 12
Credit risk to the bank is high from which of these card?
 A ATM cards B Debit cards C Credit cards D All of these
 Question 13
If Opening Stock-Rs.15, 000 Purchases-Rs.37, 500 Direct Expenses-Rs.1, 500 Closing Stock-Rs.7, 500 Operating Expenses-Rs.3, 000 Sales are Rs. 60, 000 during the year, what is the net profit?
 A Rs. 12, 000 B Rs. 10, 500 C Rs. 7, 500 D Rs. 3, 000
 Question 14
.....budget is designed to remain unchanged irrespective of the volume of output or turnover attained.
 A Master B Fixed C Flexible D all of these
 Question 15
Assertion (A). Industrialisation of an economy is considered synonymous with growth. Reason (R). The transfer of resources from agriculture to industry may be capital or labour or both.
 A Both (A) and (R) are true and (R) is the correct explanation of (A). B Both (A) and (R) are true but (R) is not the correct explanation of (A). C (A) is true but (R) is false. D (A) is false but (R) is true.
 Question 16
The physical distance covered by a vehicle is measured in terms of.....
 A ton kilometers B passenger kilometers C vehicle days D running kilometers or miles
 Question 17
Provision is provided for doubtful debts is based on the principle of
 A Going concern B Objectivity C Materiality D Conservation
 Question 18
The value of inventories or stock is figured out at the lower of cost and
 A Purchase price B Opportunity cost C Realizable value D Net realizable value
 Question 19
..... High Court in India on 2nd April 2014 restored the power of the Reserve Bank of India to decide the period after which the bad loan can be called as a Non-Performing Asset (NPA)?
 A AP B Tamil Nadu C Gujarat D Assam
 Question 20
The fixed proportion of working capital should be generally financed from the..... capital sources.
 A fixed B variable C semi-variable D borrowed
There are 20 questions to complete.