Commerce online quiz 71

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।)
In the industrial policy resolution 1956 the industries reserved for public sectors were included in schedule
A
A
B
B
C
C
D
D
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
What is the validity of the provisional registration certificate issued to the existing dealers?
A
6 months
B
12 months
C
3 months
D
none of the above
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
No tax will be payable on retention payment subsequent to appointed day, if:
A
Supplies have been made prior to the appointed day
B
Full amount of tax/duty has been paid before the appointed day
C
Both (a) and (b)
D
None of the above
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Indirect materials can be apportioned on the basis of.....
A
direct material
B
prime cost
C
direct labour hour
D
machine hour
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Non-resident Bank Accounts' refer to
A
nostro account
B
vostro account
C
accounts opened in offshore centers
D
foreign bank account
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Wages and salaries of employees which company owns in this accounts are called
A
accrued expenses
B
accruals accounts
C
Both A and B
D
zero liabilities
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A decrease in value of a fixed asset due to age, wear and tear is known as
A
Depreciation
B
Accumulated depreciation
C
Appreciation
D
Written Down Value (WDV)
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Provisional attachment can be done under section 83:
A
Before completion of proceedings
B
After completion of proceedings
C
After 3 attempts to recover dues
D
Only if there is risk of delinquency in payment of dues
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Revenue expenditures are recorded in the
A
Manufacturing account
B
Trading account
C
Profit & loss account
D
All of the above
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Input is 10, 000 units and normal loss is 20% of input and abnormal loss is 400 units What is actual output?
A
7600 units
B
10, 000 units
C
10, 400 units
D
12, 000 units
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which one of the following will not act as an incentive for exports?
A
Raising the internal value of money
B
Lowering the prices of goods within the country
C
internal devaluation of money
D
Granting low interest loans for exports.
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Total cost of producing similar products divided by number of units produced is a technique known as
A
sale costing system
B
job costing system
C
price costing system
D
process costing system
Question 13 (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 the name of a bank functioning in India?
A
Central Bank of India
B
UCO Bank
C
Aegon Religare
D
Dena Bank
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The goods seized are to be returned to the person from whom seized if no notice in respect thereof is issued within a period of.....
A
30 days
B
60 days
C
3 Months
D
6 Months
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Investment bankers perform the following role.....
A
market new stock and bond issues for firms
B
provide advice to the firms as to market conditions, price, etc
C
design securities with desirable properties
D
all of the above
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In binomial approach of option pricing model, last step for finding an option is
A
price hike
B
price value
C
put price
D
call price
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following enhances the earning capacity of an asset?
A
Reduction in operating costs
B
Increase in working capacity of an asset
C
Replacing damage parts of an asset
D
Both 'b' and 'c'
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Demand curve slopes downward because of the law of
A
Consumer equilibrium
B
Utility maximization
C
Utility minimization
D
Diminishing marginal utility
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
ITC in relation to IGST means.....
A
SGST and CGST
B
SGST and IGST
C
IGST and CGST
D
IGST, SGST and CGST
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A manager with a share in the profits.....
A
is only a servant of the firm
B
becomes a partner by the operation of law
C
becomes a partner by implied agreement
D
becomes a partner from status
There are 20 questions to complete.

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