Commerce online quiz 56

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Globalisation is the term used to describe process of removal of restriction on
A
Foreign Trade
B
Investment
C
Both (A) and (B)
D
None of the above
Question 2
If budgeted cost in indirect cost pool is $144500 and total quantity of cost allocation base is $165500, then budgeted indirect cost rate will be
A
67.30%
B
87.31%
C
55.50%
D
45.50%
Question 3
Variability for expected returns for projects is classified as
A
expected risk
B
stand-alone risk
C
variable risk
D
returning risk
Question 4
What all modes of transfers covered under section 81
A
Sale
B
Mortgage
C
Any other mode of transfer
D
All of the above
Question 5
Industry structure is defined as.....
A
the nature of the players in an industry and their relative bargaining power
B
a set of plans for achieving long term returns on the capital invested in a business firm
C
set of planned activities designed to result in a profit in a marketplace
D
how a company's product or service fulfills the needs of customers
Question 6
The largest single institutional owner of common stocks is.....
A
mutual funds
B
insurance companies
C
pension funds
D
commercial banks
Question 7
POSDCORB is related to
A
Library cataloguing
B
Library reference service
C
Library administration
D
Library automation
Question 8
The estimated value at which an asset is expected to be sold after the end of its useful life is called
A
Residual value
B
Salvage value
C
Scrap value
D
All of the above
Question 9
Future value of annuity FVA(ordinary) is, if deposited value is Rs 100 and earn 5% every year of total three years will be
A
Rs 315.25
B
Rs 331.01
C
Rs 99.49
D
Rs 318.25
Question 10
A person who has applied for registration can
A
Provisionally collect tax till his registration is approved, on applying for registration, if he has applied for registration within prescribed time;
B
Neither collect tax nor claim input tax credit; Tax Invoice,
C
Issue 'revised invoice' and collect tax within 1 month of grant of registration, subject to conditions;
D
All of the above.
Question 11
Refunds would be allowed on a provisional basis in case of refund claims on account of zero-rated supplies of goods and/or services made by registered persons. At what percentage would such provisional refunds be granted?
A
70%
B
65%
C
80%
D
90%
Question 12
'Grapevine' is a type of
A
Informal communication
B
Formal communication
C
Official created
D
All of these
Question 13
First announcement to introduce GST by 2010, is made in Year
A
2000
B
2004
C
2006
D
2008 E. 2010
Question 14
In the case of advances against fixed deposits receipts of the bank
A
deposit represented by the receipt is assigned to the bank
B
deposit receipt is pledged to the bank
C
deposit receipt is hypothecated to the bank
D
A lien is created on the deposit receipts in favour of the bank
Question 15
A and B are sharing profits in the ratio of 2-1. They admit C into the firm 1/4th share in profits for which he brings Rs. 12, 000 as his share of capital. Therefore, the adjusts capital of B will be-
A
Rs. 48, 000
B
Rs. 12, 000
C
Rs. 16, 000
D
Rs. 24, 000
Question 16
The face value of a company's share is Es. 100 Rs.The company issued it at. 150 Rs The present market price of that share is Rs. 200. The company declares a dividend of 20% on these shares. The amount of dividend on per share will be?
A
Rs. 40
B
Rs. 30
C
Rs. 20
D
Rs. 10
Question 17
Loss leads to
A
reduction in income
B
Reduction in capital
C
Reduction in profit
D
Increase in capital
Question 18
Which of the following measure have been taken to enlarge resources available to RRBs?
A
Lines of credit at a reasonable rate of Interest from sponsor banks.
B
Accepts to inter-RRB term money / borrowings.
C
Access to Repo/CBLO markets
D
All of these
Question 19
Utility is more closely related to the term
A
Useful
B
Useless
C
Necessary
D
Satisfaction
Question 20
Present value of future cash flows is Rs 2000 and an initial cost is Rs 1100 then profitability index will be
A
55.00%
B
1.82
C
0.55
D
1.82%
There are 20 questions to complete.

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