Commerce online quiz 51

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
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
The cost which a firm incurs for purchasing or hiring factors is called
A
Implicit
B
Explicit
C
Real
D
Nominal
Question 3
Authorized share capital is also known as
A
Registered capital
B
Issued capital
C
Paid up capital
D
Called up capital
Question 4
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
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
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
The OTC Exchange of India is a company incorporated under the Companies Act.....
A
1956
B
1966
C
1955
D
1957
Question 8
A portfolio which lies below the efficient frontier is described as.....
A
optimal
B
unattainable
C
dominant
D
dominated
Question 9
''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
Bretton woods agreement arrived at in
A
July 1994
B
July 1954
C
June 1960
D
June 1964
Question 11
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
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
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
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
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
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
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
A sports club receives admission fees. It is a-
A
Revenue receipt
B
Capital receipt
C
Deferred receipt
D
None of these
Question 19
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
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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