Commerce online quiz 50

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Who is a principal as per Section 143?
A
A person who sends inputs and/or capital goods for job-work
B
A registered taxable person who sends inputs and/or capital goods for job-work
C
A registered taxable person who supplies inputs and/or capital goods for job-work
D
A registered person
Question 2
The value of EBIT at which EPS is equal to zero is known as.....
A
Break-even point
B
Financial break-even point
C
Operating break-even point
D
Overall break-even point
Question 3
In transport costing charges vary more or less in direct proportion to kilometers run.
A
Running
B
petrol
C
drivers salary
D
tax
Question 4
Can a registered person opt for composition scheme only for one out of his 5 business different units having same Permanent Account Number?
A
Yes
B
No
C
Yes, with prior approval of the Central Government
D
Yes, subject to prior approval of the GST Council
Question 5
A line which shows relationship between an expected return and risk on efficient portfolio is considered as
A
efficient market line
B
attributable market line
C
capital market line
D
security market line
Question 6
Non cash revenues are Rs 500, 000 and net income is Rs 950, 000 then net cash flow would be
A
Rs 475, 000.00
B
Rs 485, 000.00
C
Rs 1, 450, 000.00
D
Rs 450, 000.00
Question 7
..... is an economic system based on the principal of free enterprise.
A
Capitalism
B
Socialism
C
Mixed Economy
D
Marxism
Question 8
..... decision relates to the determination of total amount of assets to be held in the firm.
A
Financing
B
Investment
C
Dividend
D
Controlling
Question 9
When a company taken over another one and clearly becomes the new owner, the action is called
A
Merger
B
Acquisition
C
Strategic Alliance
D
None of the above
Question 10
Certain restrictions or conditions imposed by a Government in respect of foreign investment in a country are denoted by:
A
TRIMS
B
TRIPS
C
GATS
D
Tariff Binding
Question 11
If the total assets of the firm are Rs. 1, 00, 000, outside liabilities are Rs.40, 000, the capital contributed by the owner is
A
Rs. 1, 00, 000
B
Rs. 40, 000
C
Rs. 20, 000
D
Rs. 60, 000.
Question 12
.....helps in ascertaining costs beforehand.
A
Financial accounting
B
cost accounting
C
management accounting
D
none of these
Question 13
Which of the following do not enjoy scheduled bank status with RBI?
A
State co-operative banks
B
Regional rural banks
C
Foreign banks in India
D
District Cooperative banks
Question 14
Sum of beginning work in process inventory units and started units, is subtracted from sum of ending work in process inventory units and transferred out units of goods to calculate
A
Gross weighted spoilage
B
inventoriable spoilage
C
partial spoilage
D
total spoilage
Question 15
Convertibility of the rupee implies.....
A
Being able to convert rupees notes into gold
B
Allowing the value of the rupee to be fixed by marketforces
C
Freely permitting the conversion of rupee to other major currencies and vice versa
D
Developing an international market for currencies in India
Question 16
Business Plans designed to achieve the organisation objective is called
A
Human Resource Planning
B
Human Resource forecasting
C
Strategic plan
D
Corporate Development Plan
Question 17
According to Black Scholes model, rate which is constant and known is classified as
A
short term return rate
B
long term return rate
C
risk free interest rate
D
risky rate of return
Question 18
Decision model to calculate optimal quantity of inventory to be ordered is called
A
efficient order quantity
B
economic order quantity
C
rational order quantity
D
optimized order quantity
Question 19
Discount allowed is
A
Expense of business
B
Income of business
C
Loss of business
D
Abnormal loss of business
Question 20
Larger production of..... goods would lead to higher production in future
A
Consumer goods
B
Capital goods
C
Agricultural goods
D
Public goods
There are 20 questions to complete.

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