Commerce online quiz 51

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।)
What is the consequence of non-return of semi-finished goods within the specified period?
A
Job worker pays GST on return of goods
B
Principal Manufacturer pays back the input tax credit claimed on such goods
C
Principal manufacturer pays GST on return of goods
D
Job worker claims credit of goods received on job work
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The cost which a firm incurs for purchasing or hiring factors is called
A
Implicit
B
Explicit
C
Real
D
Nominal
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Authorized share capital is also known as
A
Registered capital
B
Issued capital
C
Paid up capital
D
Called up capital
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Long-term equity anticipation security is usually classified as
A
short-term options
B
long-term options
C
short money options
D
yearly call
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Who is the Adjudicating Authority in GST?
A
State Board of Revenue
B
First Appellate Authority and Appellate Tribunal
C
Any authority competent to pass any Order or Decisions
D
All of the Above
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Place of supply in case of installation of elevator is
A
Where the movement of elevator commences from the supplier's place
B
Where the delivery of elevator is taken
C
Where the installation of elevator is made
D
Where address of the recipient is mentioned in the invoice
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The OTC Exchange of India is a company incorporated under the Companies Act.....
A
1956
B
1966
C
1955
D
1957
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A portfolio which lies below the efficient frontier is described as.....
A
optimal
B
unattainable
C
dominant
D
dominated
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
''Micro Credits'' are loans:
A
granted to distressed person (other than farmers) to pre-pay their debt to non-institutional lenders against appropriate collateral or group security,
B
not exceeding 50.000 per borrower provided by banks
C
both (a) and (b)
D
either (a) and (b)
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Bretton woods agreement arrived at in
A
July 1994
B
July 1954
C
June 1960
D
June 1964
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What is the time limit for issue of order in case of other than fraud, misstatement or suppression?
A
30 months
B
18 months
C
5 years
D
3 years
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The principle of prevention is better than cure refers to.....
A
Reduction of risk
B
Avoiding of risk
C
Transferring of risk
D
Shifting of risk
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Markets dealing loans of autos, education, vacations and appliances are considered as
A
consumer credit loans
B
commercial markets
C
residential markets
D
mortgage markets
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Costing, which explains how and when scrap affects operating income of company is classified as
A
inventory costing
B
conversion costing
C
normal scrap costing
D
abnormal scrap costing
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What is the rate applicable under CGST to a registered person being a manufacturer opting to pay taxes under composition scheme?
A
2.50%
B
1%
C
0%
D
No composition for manufacturer
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as-
A
Common Dollar Accounting
B
Social Accounting
C
Cost Accounting
D
Management Accounting
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Function used to measure decline in labour hours per unit as units of production increases is called
A
fixed curve
B
learning curve
C
linear curve
D
mixed curve
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A sports club receives admission fees. It is a-
A
Revenue receipt
B
Capital receipt
C
Deferred receipt
D
None of these
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The E-commerce domain that involves business activity initiated by the consumer and targeted to businesses is known as.....
A
Business to Business (B2B)
B
Consumer to Consumer (C2C)
C
Consumer to Business (C2B)
D
Business to Consumer (B2C)
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
When 1000 units are 60% complete in a process, it is equivalent to. completed units.
A
60
B
600
C
6000
D
1000
There are 20 questions to complete.

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