Commerce online quiz 45

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Suppose Amazon supply their own goods by capturing order through their E-Commerce web site. In such a Case, the Amazon will be treated as an:
A
E-Commerce Operator
B
Actual Taxable Person
C
Aggregator
D
ISD
Question 2
What is the time limit for filing of refund application by a specialised agency of the UNO?
A
Before the expiry of eight months from the last day of the quarter in which such inward supply received
B
Before expiry of eight months from the last day of the month in which such inward supply received
C
Before expiry of six months from the last day of the month in which such inward supply was received
D
Before expiry of six months from the last day of quarter in which such inward supply was received
Question 3
In a Functional organization
A
There are no advisers, the executive alone having the authority and competence
B
There are specialist advisers having no authority
C
The entire organization is divided into functions with specific role for specialists.
D
The organization is divided into functions with specialists having authority.
Question 4
Because of Retirement / Death of a partner
A
Partnership is dissolved
B
Partnership firm is dissolved
C
Partnership and partnership firm both are dissolved
D
None of the above
Question 5
Where the world's first bit coin ATM opened dispensing hard money in exchange for the anonymous crypto-currency?
A
India
B
UK
C
Canada
D
Japan
Question 6
Where...... ends....... begins.
A
book-keeping and accounting
B
accounting and book-keeping
C
transaction and accounting
D
none of these
Question 7
An example of shrinkage costs is
A
incoming freight
B
storage costs
C
insurance
D
clerical errors
Question 8
The shape of rectangular hyperbola is made by
A
MC
B
AFC
C
AVC
D
None of the above
Question 9
The Appellant Authority for Advance Ruling shall comprise of
A
Chief Commissioner of Central tax as designated by the board
B
Commissioner of State tax or union Territory ta, x as the case may be, having jurisdiction over the applicant
C
(a) & (b)
D
(a) or (b)
Question 10
Credit on Input services or capital goods held in stock can be availed in case of new Registration/Voluntary Registration
A
Yes
B
No
C
Yes on Input services only
D
Yes on capital goods only
Question 11
Which public sector bank has become only the second bank in the world who have above 10, 000 branches?
A
Punjab National Bank
B
State Bank of India
C
Bank of Baroda
D
Bank of India
Question 12
The marketing concept involves
A
Organisation Integration
B
Competition Orientation
C
Customer Orientation
D
All of the above
Question 13
.costing is used in transport undertakings.
A
Process
B
service
C
multiple
D
job
Question 14
Profit or loss on voyage account is transferred to
A
Profit and loss account of shipping company
B
Balance sheet
C
Trail balance
D
None of these
Question 15
Demand Analysis includes:
A
Demand Forecasting
B
Demand Differentials
C
Demand Determinations
D
All of the above
Question 16
An estimation of relationship between two or more independent variables and dependent variable is classified as
A
One variable series
B
multiple regression
C
simple regression
D
Two way regression
Question 17
What is the effect if the parliament annuls the rules/ notifications issued by government?
  1. It is as good as no rules/ notifications were issued by the government
  2. The rules/ notifications issued by the government
A
Only i & ii
B
Only i & iv
C
Only ii & iv
D
Only ii & iii
Question 18
Marginal utility is equal to average utility at that time when average utility is
A
Increasing
B
Maximum
C
Falling
D
Minimum
Question 19
..... is the rate at which banks can borrow overnight from RBI.
A
Term Deposit Rate
B
Marginal Standing Facility Rate
C
Market Rate
D
Call Money Rate
Question 20
Generally types of stores are classified into.....
A
two types
B
three types
C
four types
D
five types
There are 20 questions to complete.

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