Commerce online quiz 67

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
If budgeted direct labour hours are 4550 and direct labour cost rate is $600 per labour hour then, total direct labour cost would be
A
$4, 730, 000
B
$3, 730, 000
C
$2, 730, 000
D
$1, 730, 000
Question 2
The budget line is also known as the
A
Iso-utility curve
B
Production possibility line
C
Isoquant
D
Consumption possibility line
Question 3
Sale of defectives is reduced from.....
A
prime cost
B
works cost
C
cost of production
D
cost of sales
Question 4
Maintenance of intended delegation requires that decisions lying within the individual managers' authority should be made by them and not referred upwards in the organizational hierarchy. This is known as-
A
principle of unity of command
B
scalar principle
C
authority level principle
D
principle of absoluteness of responsibility
Question 5
The Fund's resources are provided through
A
Permanent policies for general balance of payments purposes
B
Permanent facilities for specific purposes
C
Temporary facilities
D
All of the above.
Question 6
A discount rate which equals to present value of TV to project cost present value is classified as
A
negative internal rate of return
B
modified internal rate of return
C
existed internal rate of return
D
relative rate of return
Question 7
As per known commercial banks accept deposits from the public. What do banks do with this money?
A
This a type of credit creation. Bank gives this on loan.
B
This is an income for the bank.
C
Banks give this money directly to the Govt. for developmental projects.
D
This money is deposited with the RBI who in turn gives some interest on it to banks.
Question 8
The face value of a company's share is Rs. 100 p.s. The company issued it at Rs. 150 p.s. The present market price of the 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 9
Age of applicants of life insurance and the premium of insurance is
A
Negatively correlated
B
Positively correlated
C
Zero Correlation
D
None of the above
Question 10
The IPT on Capital Goods will be allowed in GST in or as:
A
3 Monthly Instalments
B
12 Monthly Instalments
C
36 Monthly Instalments
D
One Go
Question 11
Credit cards are of standard size and thickness and are embossed with the following details
A
Name of card holder
B
Card number
C
Validity date
D
All of the above
Question 12
..... is the term given to any system of reorganization of data items within a file, where the reorganisation is independent of the information content of the file.
A
Printing
B
Maintenance
C
Copying
D
Merging
Question 13
Sole-trade organization is also called as.....
A
Individual proprietorship
B
Partnership
C
Joint stock company
D
Co-operative society
Question 14
Training control system includes
A
Annual review of years training plans
B
Monthly review of budget and plans
C
Real time review of specific projects
D
All of the above
Question 15
What is the process of evaluating IT assets, their importance to the organization, and their susceptibility to threats, to measure the risk exposure of these assets?
A
Risk management
B
Risk assessment
C
Security
D
None of the above
Question 16
Working papers which contain a record of the audit works are the property of the:
A
company
B
auditor
C
Registrar of companies
D
Government of India
Question 17
Which of the following is a method of transferring money from one person's account to another?
A
electronic check
B
credit card
C
e-transfer
D
none of the above
Question 18
Price of an outstanding bond decreases when market rate is
A
increased
B
decreased
C
earned
D
never changed
Question 19
What is the nature of Elasticity of demand for luxury items like high class furniture
A
Unit elastic
B
Highly elastic
C
fairly elastic
D
zero elastic
Question 20
Net income available to stockholders is Rs 150 and total assets are Rs 2, 100 then return on total assets would be
A
0.07%
B
7.14%
C
0.05 times
D
7.15 times
There are 20 questions to complete.

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