Commerce online quiz 76

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Material Costs of each job are determined from.....
A
Material requisition notes
B
bill of materials
C
Both (A) and (B)
D
none of these
Question 2
Fire insurance of stock can be apportioned on the basis of.....
A
value of stock
B
volume of stock
C
number of stores requisition
D
material used
Question 3
Which bank's old name was 'Imperial Bank'?
A
Reserve Bank of India
B
Punjab National Bank
C
State Bank of India
D
Union Bank of India
Question 4
.....budget gives an estimate of the anticipated receipts and payment of cash during the budget period.
A
Sales
B
Production
C
Cash
D
Master
Question 5
Boiler house costing is an example of.....costing
A
Operation
B
process
C
service
D
none of these
Question 6
Consider the following statements with respect to IFSC code used in Banking System:
  1. IFSC Stands for Indian Financial System Code
  2. It is an 11digit alphanumeric Unique Code
  3. IFSC is used be the NEFT system to
A
Only 1 & 2
B
Only 2
C
Only 2 and 3
D
All 1, 2 and 3
Question 7
When hackers flood a Web site with useless traffic to overwhelm the network, it is called.....
A
phishing
B
pharming
C
a Denial of Service (DoS) attack
D
spoofing
Question 8
Alfa Company Limited acquired the business of M/s Bharat Traders. The valuation of the items acquired was-building Rs. 1, 20, 000; machinery Rs. 80, 000 and stock-in-trade Rs. 30, 000. The company issued in lieu of the above items 800, 10% debentures of Rs.
A
Rs. 2, 30, 000
B
Rs. 1, 00, 000
C
Rs. 50, 000
D
Rs. 30, 000
Question 9
Horizontal curve represents the value of coefficient of correlation to be
A
Positive
B
Negative
C
Zero
D
All of the above
Question 10
When cash is received from contractee which a/c should be credited.
A
Cash a/c
B
Contract a/c
C
Contractor a/c
D
Contractee a/c
Question 11
When will the bill mature if the date of maturity of a bill is a holiday
A
Holiday itself
B
Other agreed day
C
Preceding working day
D
Next working day
Question 12
Cash Budget is a.budget.
A
Long term
B
short term
C
very long term
D
very short term
Question 13
An option at-the-money when
A
The strike price is greater than the spot price, in the case of a call option.
B
The strike price is greater than spot price, in the case of a put option.
C
The option has a ready market.
D
The strike price and the spot price are the same.
Question 14
After how many days, the proper officer may cause the sale of distressed property?
A
30 days
B
60 days
C
90 days
D
120 days
Question 15
The person whose risk is insured is called......
A
Insured
B
Assured
C
Indemnity
D
both (a) & (b)
Question 16
Outstanding salaries are shown as
A
an expense,
B
a liability,
C
an income,
D
an asset
Question 17
An equation in which total assets are multiplied to profit margin is classified as
A
du DuPont equation
B
turnover equation
C
preference equation
D
common equation
Question 18
Economists consider effects of started project on other parts of company or on environment of company is called
A
externalities
B
foreign effects
C
weighted effects
D
opportunity effects
Question 19
LIBOR is:
A
the interest rate commonly charged for loans between banks.
B
the average inflation rate in European countries.
C
the maximum loan rate ceiling on loans in the international money
D
the maximum interest rate offered on bonds that are issued in London.
Question 20
Suppose taxable identifiable goods under earlier law dispatched within 6 months prior to the appointed day are returned back within 6 months from the appointed day. How such return supply will be treated under GST?
A
Subject to tax at the appropriate rate of GST
B
No GST
C
At the half rate of the GST
D
Only SGST is charged
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *