Commerce online quiz 62

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Three types of standards are.....
A
Expected standard, ideal standard and current standard
B
Currency standard, basel standard and actual standard
C
Actual standard, estimated standard and expected standard
D
Current standard, basic standard and normal standard
Question 2
Which of the following acts by a person are treated as void when it is done after any amount has become due from him?
A
Creates charge on property
B
Parts with the property belonging to him
C
Parts with the property in his possession
D
All of the above
Question 3
A favourable variance will arise when capital revenues are..than expected.
A
Less
B
More
C
Lesser
D
None of the above
Question 4
In capital budgeting, term of bond which has great sensitivity to interest rates is
A
long-term bonds
B
short-term bonds
C
internal term bonds
D
external term bonds
Question 5
Bad debt is an example of.....
A
production overhead
B
administrative overhead
C
selling overhead
D
distribution overhead
Question 6
There was increase in tax rate from 20% to 24% w.e.f. 1.6.2018. Which of the following rate is applicable when invoice was issued after change in rate of tax in June 2017 but payment received and goods supplied in April 2017
A
20% as it is lower of the two
B
24% as it is higher of the two
C
20% as payment was issued in the period during which the supply was effected
D
24% as invoice being one of the factors was issued after rate change
Question 7
For foreign Bank, priority sector lending targets is.. % of net banking credit
A
32%
B
36%
C
40%
D
44%
Question 8
In order to determine the compound growth rate of an investment over some period, an investor would calculate the.....
A
arithmetic mean
B
geometric mean
C
calculus mean
D
arithmetic median
Question 9
The e-commerce operator collecting tax under section 52 shall file its monthly return in
A
Form GSTR 8 by 18th of the succeeding month
B
Form GSTR 7 20th of the month succeeding the quarter
C
Form GSTR 8 17th of the succeeding month
D
Form GSTR 8 10th of the succeeding month
Question 10
105: Which of the following can be treated as revenue expenditure?
A
Expenses incurred in the normal course of business, for example, expenses of administration, expenses incurred in manufacturing and selling products. Examples of such expenses are salaries, rent, insurance, postage, stationary, repairs to assets.
B
Expenses incurred to maintain the business, for example, replacements for maintaining the existing permanent assets cost of stores consumed in the course of manufacturing, for example, oil, cotton-waste, machinery, spares consumed.
C
Depreciation on fixed assets, interest on loans for business, loss from sale of fixed asset.
D
All of the above
Question 11
Securities premium cannot be applied?
A
For paying dividend to members
B
For issuing bonus shares to members
C
For writing off preliminary expenses of company
D
For writing off discount on issue of debentures
Question 12
Decentralisation-
A
Reduces burden of chief executives
B
Increases burden of chief executives
C
Does not effect burden
D
None of the above
Question 13
Who breaks into other people's computer systems and steals and destroys information?
A
Hackers
B
softwares
C
Hacktivists
D
Script kiddies
Question 14
In time value of money, periodic rate is
A
not shown on timeline
B
shown on timeline
C
multiplied on timeline
D
divided on timeline
Question 15
Standard typewriter which operates through electricity is.....
A
portable typewriter
B
electronic typewriter
C
mini typewriter
D
macro typewriter
Question 16
'Law of Inertia of Large Numbers' concludes?
A
Smaller numbers are more stable than large ones
B
Large numbers are more stable than small ones
C
All of these
D
None of these
Question 17
A job is budgeted to require 3, 300 productive hours after incurring 25% idle time. If the total labour cost budgeted for the job is Rs 36, 300. What is the labour cost per hour( to the nearest cent)?
A
Rs 8.25
B
Rs 8.80
C
Rs 11.00
D
Rs 14.67
Question 18
The source Data for migration in to GSTIN in the case of the existing tax payers under VAT and Central Excise will be:
A
Registration Details available in CENVAT
B
Registration Details available in VAT
C
Both (A) and (B) Above
D
None of the above
Question 19
First step in calculating value of stock with non-constant growth rate is to
A
estimate expected dividend
B
actual expected dividend
C
estimate number of share
D
estimate intrinsic shares
Question 20
Difference between buying and selling rates in an exchange rate or interest rate quotation is known as
A
Strike price
B
Spread
C
Swap points
D
Spot rate
There are 20 questions to complete.

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