Commerce online quiz 69

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The producer's demand for a factor of production is governed by the..... of the factor.
A
Price will decrease
B
Marginal productivity
C
Availability
D
Profitability
Question 2
Match List I with List II and select correct answer using the codes given below: List l List II (Accounting Convention) (Principles Involved) a. Consistency I. Losses are an ticipated and accounted for in advance but profits are not accotrnted for until
A
a b c d IV III I II
B
a b c d III IV I II
C
a b c d IV III II I
D
a b c d III IV II I
Question 3
The following steps are involved in the process of organizing
  1. Forming supportive objectives
  2. Delegating to the head of each group the authority
  3. Necessary to perform the activities
  4. Establishing enterpris
A
3, 1, 2, 4
B
4, 1, 2, 3
C
1, 3, 4, 2
D
1, 3, 2, 4
Question 4
Ownership securities are represented by.....
A
stock
B
loan
C
debt
D
debentures
Question 5
Which of the following country is the first one to implement GST?
A
USA
B
France
C
China
D
Switzerland E. Germany
Question 6
Identify the correct sequence of accounting process
A
Communicating-> Recording-> Identifying
B
Recording-> Communicating-> Identifying
C
Identifying-> Communicating-> Recording
D
Identifying-> Recording-> Communicating
Question 7
If the unavailed Input Tax Credit on Capital Goods under the earlier law which has been subsequently availed under the GST law is found to be inadmissible as per the Proceedings of the Department, then what will be the course of action for the Department
A
Such amount cannot be recovered
B
Such amount will be recovered under the earlier law
C
Such amount will be recovered under the GST law
D
Such amount may be recovered under the GST law or the earlier law at Department's option
Question 8
According to put call parity relationship, a call option minus put option in addition with present value of exercise is equal to
A
binomial property
B
constant property
C
constant and variable property
D
stock
Question 9
What is the punishment in the case of a tax evasion case exceeding Rs.250/-Lakhs?
A
5 Years imprisonment and fine
B
3 Years imprisonment and fine
C
2 Years imprisonment and fine
D
1 Years imprisonment and fine
Question 10
In case goods are manufactured and segregated for specified consumers, the best method for valuation of inventory would be
A
FIFO
B
Simple average
C
Base stock
D
Specific identification method
Question 11
Stores Ledger is maintained in the.....
A
Store
B
finance department
C
cost accounting department
D
Both a & b
Question 12
If payout ratio is 0.45 then retention ratio will be
A
0.55
B
1.45
C
1.82
D
0.45
Question 13
Large residual term and negative slope of line indicate
A
inverse proportion
B
direct proportion
C
badness proportions
D
goodness proportion
Question 14
Match the following-\begin{table}[H]\centering \begin{tabular}{|l|l|}\hline List-I &List-II \\\hline A. Principle of subrogation &1. Business combination\\\hline B. Principle of ultra vires& 2. Insurance\\\hline C. Holding company &3. Company Law\\\hlin
A
$A-2, B-3, C-1, D-4$
B
$A-1, B-3, C-2, D-4$
C
$A-4, B-2, C-1, D-3$
D
$A-1, B-2, C-3, D-4$
Question 15
Balancing of all aspects of products or services and all departments in company are classified as
A
annual profit plan
B
budgeting
C
coordination
D
complex plan
Question 16
Fixed capital is also called as.....
A
blocked capital
B
unblocked capital
C
working capital
D
non-working capital
Question 17
Which statement relates to macroeconomics?
A
Oil prices are rising in Pakistan
B
Profit rate is high on textile industry
C
The firms try to make huge profits
D
The government has failed to control inflation
Question 18
Future value interest factor takes.....
A
Compounding rate
B
Discounting rate
C
Inflation rate
D
Deflation rate
Question 19
If indirect manufacturing labour is $20000, power cost is $5000, maintenance and supplies are of $10000 then manufacturing budget will be
A
$5, 000
B
$35, 000
C
$15, 000
D
$45, 000
Question 20
The concept that "an accountant shouldn't anticipate profit, but must provide for all losses"
A
Conservation concept
B
Consistency concept
C
Materiality concept
D
Reduction concept
There are 20 questions to complete.

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