Commerce online quiz 46

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।)
Which of the following relates to performance appraisals
A
Task method
B
Price method
C
MBO
D
Link Method
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Most investors are risk averse which means.....
A
they will assume more risk only if they are compensated by higher expected return
B
they will always invest in the investment with the lowest possible risk
C
they will always invest in the investment with the lowest possible risk
D
they avoid the stock market due to the high degree of risk
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If the current ratio is 2: 1 and working capital is Rs. 60, 000, What is the value of the current assets?
A
Rs. 60, 000
B
Rs. 1, 00, 000
C
Rs. 1, 20, 000
D
Rs. 1, 80, 000
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Under which one of the following is the term 'Dominant Undertaking' defined?
A
MRTP Act
B
FEMA
C
Companies Act
D
SEBI
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A continuous audit is most suitable where the:
A
transactions are few but complicated
B
there is no urgency to finalize the accounts on a particular date
C
internal audit work is being carried On in a satisfactory manner
D
system of internal check in operation is not satisfactory
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An increase in the current account deficit will place..... pressure on the home currency value, other things equal
A
upward.
B
downward
C
no
D
upward or downward
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In case of debit balance, the words..... are written on the debit side
A
To Balance b/d
B
To Balance c/d
C
By Balance c/d
D
By Balance b/d
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The cost of debt capital is calculated on the basis of
A
Net proceeds
B
Annual Interest
C
Capital
D
Arumal Depreciation
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Current value of stock included in portfolio is subtracted from current option price to calculate
A
future value of stock
B
present value of portfolio
C
future value of portfolio
D
present value of stock
Question 10 (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 conditions for a tax payer paying taxes under the composition scheme under the earlier law now switching to the regular scheme under the GST law
A
Said person is eligible for input tax credit of such inputs under the GST law
B
Said person is in possession of invoice or duty paid documents not earlier than 12 months preceding the appointed date
C
The said person is continuing to pay taxes under the composition scheme under section 9
D
The goods are intended to be used for making taxable supplies.
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What are the conditions for filing an application for settlement?
  1. Filing of the returns, if the same is not waived by the settlement commission
  2. Receipt of SCN or Appeal pending before the FAA
  3. Additional adm
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
i, ii, iii & iv
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Accounting for Intangible Assets are related to-
A
AS-10
B
AS-12
C
AS-24
D
AS-26
Question 13 (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? i. Such stock should be taxable under GST ii
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
I, ii, iii & iv
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The focal point of financial management in a firm is.....
A
the number and types of products or services provided by the firm
B
the minimization of the amount of taxes paid by the firm
C
the creation of value for shareholders
D
the dollars profits earned by the firm
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Residential status to be determined for
A
Previous year
B
Assessment year
C
Accounting year
D
None of the above
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The time period for applying for Refund will be:
A
Before the expiry of 3 months from the relavant date
B
Before the expiry of 6 months from the relavant date
C
Before the expiry of One Year from the relavant date
D
Before the expiry of Two Years from the relavant date
Question 17 (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 leverage ratio?
A
Debt equity ratio
B
Current ratio
C
Quick ratio
D
Earning power
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What is the consequence if information is not filed in the form and manner as required by the Central Government?
  1. Return will be treated as defective
  2. Defect has to be rectified within 30 days
  3. Return treated
A
i & ii
B
iii & iv
C
i & iv
D
i, ii & iv
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Defectives are that portion of production which can be.....at some extra cost of re-operation.
A
Sold
B
rectified
C
purchased
D
none of these
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The policy ''anticipate no profit and provide for all possible losses'' arises due to-
A
Convention of consistency
B
Convention of conservatism
C
Convention of Disclosure
D
None of the above
There are 20 questions to complete.

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