Commerce online quiz 83

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।)
First Indian IMGC has set up by NGH (National Housing Bank), IFC (International Finance Corporation), US based Gen worth and ADB (Asian Development Bank). IMGC stands for?
A
Indian Mortgage Guarantee Company
B
Indian Money Guarantee Company
C
Indian Maturity Guarantee Corporation
D
International Money Guarantee Company
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Financial statements and budget plans of some companies are also called
A
cost statement
B
preformed statement
C
sales statement
D
market statement
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following will not be considered as eligible duties and taxes?
A
Additional duty leviable u/s 3(5) of the CTA
B
Basic Customs Duty
C
Central Excise
D
Service Tax
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Variable cost per unit.
A
varies with the level of output
B
remains constant irrespective of the level of output
C
changes with the growth of the firm
D
does not change with volume of production
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Consider the following documents?
  1. Audit Report
  2. Audit Note-book
  3. Audit Programme
  4. Audit Files
The correct sequence in which the Auditor prepares these documents is?
A
(3) (2) (4) (1)
B
(4) (3) (1) (2)
C
(3) (1) (4) (2)
D
(1) (2) (3) (4)
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
According to the Accounting Standard (AS)-2, the inventory is to be valued at which one of the following?
A
Actual cost or sales value, whichever is lower
B
Historical cost
C
Net realizable value
D
Historical cost or net realizable value, whichever is lower
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Planning function of management is performed by-
A
Top management
B
Middle management
C
Lower management
D
All of the above
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Who can file a criminal case against the drawer of a dishonoured cheque?
A
The payee
B
The holder in due course
C
Both of the above
D
The paying banker
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Is it mandatory that 'reasons to believe' must exist before issuing authorization for Inspection or Search and Seizure by the proper officer?
A
Yes
B
No
C
Not mandatory
D
None of the above
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A skillful method of providing means mechanism and structural elements to. streamline organizational work is known as.....
A
Strategic planning
B
Role analysis
C
Work culture
D
Autonomous planning
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An expected rate of return is subtracted from capital gains yield to calculate
A
expected dividend yield
B
capital earning
C
casual growth
D
specialized growth rate
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The permissible time period for the rectification of error apparent on the face of record in the case of Adjudicating Authority and FAA will be:
A
Within 1 Months of the Order
B
Within 2 Months of the Order
C
Within 3 Months of the Order
D
Within 6 Months of the Order
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Conversion cost is subtracted from direct manufacturing labour cost is to calculate the
A
direct overheads
B
overhead costs
C
factory overhead
D
manufacturing overhead cost
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The expenses relating to a particular process is.....
A
debited to that process a/c
B
credited to that process a/c
C
debited to costing profit and loss a/c
D
debited to profit and loss a/c
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Financial support given to libraries are of two types-Recurring and
A
Ad-hoc
B
Endowments
C
Annual
D
Non-recurring
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
'Table A' is an alternative to.....
A
Prospectus
B
Articles of Association
C
Memorandum of Association
D
None of the above
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Shareholder wealth in a firm is represented by.....
A
the number of people employed in the firm
B
the book value of the firm's assets less the book value of its liabilities
C
the amount of salary paid to its employees
D
the market price per share of the firms common stock
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Number of methods available for calculation of Labour turnover is.....
A
two
B
three
C
four
D
five
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cost accounting disclose.
A
The Financial position
B
profit/loss of a product, job or service
C
effect and impact of cost on business
D
none of these
Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The arbitrary process is the behavioral foundation for the.....
A
MM approach
B
XX approach
C
Gorder approach
D
Miller approach
There are 20 questions to complete.

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