Commerce online quiz 65

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Whether the person who has borne the incidence of amount apply for refund of surplus left after adjustment towards tax collected but not paid under section 76?
A
Yes
B
No
C
At proper officer's discretion
D
None of the above
Question 2
Which of the following has introduced a new tool named Data Warehousing and Business Intelligence System for speedy analysis of data and identification of violations?
A
IRDA
B
SBI
C
RBI
D
TRAI
Question 3
The unfavorable balance of Profit and Loss account should be
A
Added to liabilities
B
Subtracted from current assets
C
Subtracted from capital
D
Subtracted from liabilities
Question 4
Core sector include
A
Agricultural input
B
Iron and steel
C
Petroleum
D
All of the above
Question 5
Which of the following functions is NOT performed by the Reserve Bank of India?
A
Regulation of banks in India
B
Regulation of foreign direct investment in India
C
Foreign Currency management in India
D
Control and supervision of money supply
Question 6
The cash management refers to management of.....
A
cash only
B
cash and bank balances
C
cash and near cash assets
D
fixed assets
Question 7
Other things equal, if a good has more substitutes, its price elasticity of demand is
A
Larger
B
Smaller
C
Zero
D
Unity
Question 8
Joint venture account is a
A
Nominal account
B
Personal account
C
Real account
D
Dummy account
Question 9
9. IMF augments its resources by borrowing under
A
General arrangements to borrow
B
New arrangements to borrow
C
Trust funds
D
All the above
Question 10
For conducting.....workers are studied at their jobs and all their movements and motions are noted.
A
Time study
B
Motion study
C
Merit rating
D
none of these
Question 11
Which of the following statements are correct with regard to RuPay debit card? 1. It is issued by National Payment Corporation. 2. It can be used both within and outside the country. 3. It can be used for unlimited transactions. 4. It can be used only in
A
1 and 2 only
B
1, 2 and 3 only
C
1 and 4 only
D
1, 3 and 4 only
Question 12
The organisation in which power of authority runs in straight line is called-
A
Line organization
B
Functional organisation
C
Committee organization
D
None of the above
Question 13
If budgeted annual indirect cost is $60000, budgeted annual quantity of cost allocation base is $3600, then budgeted indirect cost rate will be
A
15.67 per piece
B
16.67 per piece
C
14.67 per piece
D
13.67 per piece
Question 14
Set of rules consisting of behavior towards its directors, creditors, shareholders, competitors and community is considered as
A
agency governance
B
hiring governance
C
corporate governance
D
external governance
Question 15
An ISO-product slopes
A
Downward to the left
B
Downward to the right
C
Upward to the left
D
Upward to the right
Question 16
Assertion (A). Under diminishing balance method of depreciation, the charge for depreciation keeps on diminishing year after year in all subsequent years. Reason (R). Under diminishing balance method, the rate per cent at which depreciation is written of
A
Both A and R are true and R is the correct explanation of A.
B
Both A and R are true but R is not a correct explanation of A.
C
A is true but R is false
D
A is false but R is true.
Question 17
In incremental cost allocation method, cost object user who is ranked third in ranking order is classified as
A
First incremental user
B
primary user
C
secondary user
D
second incremental user
Question 18
International Finance Corporation established in
A
1956
B
1960
C
1966
D
1970
Question 19
In case of discontinuance of the AOP, the liability of the member exists in respect of the tax dues imposed.....
A
Prior to the date of discontinuance
B
After the date of discontinuance
C
Both prior and after the date of discontinuance
D
None of the above
Question 20
Speculators in the futures markets.....
A
make the market more volatile
B
contribute liquidity to the market
C
engage mainly in short sales
D
serve no real economic function
There are 20 questions to complete.

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