Commerce online quiz 64

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।)
----states that assets equal liabilities plus capital.
A
accounting equation
B
financial equation
C
statements
D
none of these
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Promoter is a person who.....
A
takes part in the incorporation of a company
B
is a director
C
is a relative of the managing director
D
works to publicity to the company
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Law of substitution is another name for law of
A
Law of diminishing MU
B
Law of Equi-MU
C
Law of demand
D
Satisfaction
Question 4 (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 opting to taxes under composition scheme, not being a manufacturer or a hotelier?
A
1%
B
2.50%
C
0.5%
D
None of the above
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..... budgeting does not take into account what happened in the past but emphasizes on current activities.
A
Formula
B
Performance
C
Programme
D
Zero-base
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Raju has a capital of Rs. 60, 000 on 31-12-09. During the year, he has made a profit of Rs. 24, 000. If his drawings had amounted to Rs.18, 000, his capital on 01-01-09 will be
A
Rs. 72, 000
B
Rs. 54, 000
C
Rs. 36, 000
D
Rs. 18, 000
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Whether GST compliance rating would be placed in public domain?
A
Yes-rating would be available to general public
B
No-rating would not be available to general public
C
Rating disclosed only at the time of entering into transaction
D
Rating disclosed only to person to whom the compliance rating belongs
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Inventory turnover in days = Days during the period $\div$..
A
Inventory turnover ratio
B
material consumed during the period
C
cost of average stock during the period
D
none of these
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Match List-I (Document) with List-II (Where used) and select the correct answer: \begin{table}[H]\centering\begin{tabular}{|c|c|}\hline List-I & List-II \\\hline A. Shipping Bill & 1. To certify the country of origin of goods\\\hline B. Bill of Lading &
A
$A-2, B-3, C-4, D-1$
B
$A-2, B-3, C-1, D-4$
C
$A-3, B-2, C-1, D-4$
D
$A-3, B-2, C-4, D-1$
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cost of depreciation fund computed as
A
Long term loan capital
B
Dividend
C
Short term loan capital
D
Profit
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The other name of ATM using by many banking agencies in the world is?
A
Automated Banking Machine
B
Cash Point
C
Cash Pick
D
All of the above
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Patents accounts are
A
Secured loan account
B
Nominal account
C
Real account
D
Debtors account
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The amount of money owed by a business to outsiders is known as.....
A
assets
B
liabilities
C
profit
D
loss
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is not considered as Research & Development costs?
A
Testing in search for product alternatives
B
Legal work on patent application
C
Modification of design of a process
D
Searching for application of new research findings
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The loss which arise in manufacturing activity on account of inherent nature of the product is.....
A
normal loss
B
abnormal loss
C
net loss
D
gross loss
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The Markowitz model identifies the efficient set of portfolios, which offers the.....
A
highest return for any given level of risk or the lowest risk for any given level of return
B
least-risk portfolio for a conservative, middle-aged investor
C
long-run approach to wealth accumulation for a young investor
D
risk-free alternative for risk-averse investors
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A firm's average total cost of production is Rs.300 at 5 units of output and Rs.320 at 6 units of output. The marginal cost of producing the 6th unit is
A
Rs.20
B
Rs.120
C
Rs.320
D
Rs.420
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Trial Balance is commonly prepared
A
Frequently during the year
B
At the end of an accounting period
C
At the end of a month
D
At the end of a year
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Dividends are usually paid as a percentage of
A
Net profit
B
Authorized share capital
C
Called up capital
D
Paid up capital
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Who will be the authority for filing further appeal against the Revision Order of the SGST Commissioner?
A
Tribunal
B
High Court
C
Supreme Court
D
Any of the above in the order of (A), (B) and (C)
There are 20 questions to complete.

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