Commerce online quiz 84

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The Human Resource System covers
A
Training and development
B
Recruit and Select
C
Job design and evaluation
D
All of the above
Question 2
The party who sends the goods for sales on fixed commission basis is known as
A
Drawer
B
Drawee
C
Payee
D
Consignor
Question 3
Degree of total leverage can be applied in measuring change in.....
A
EBIT to a percentage change in quantity
B
EPS to a percentage change in EBIT
C
EPS to a percentage change in quantity
D
Quantity to a percentage change in EBIT
Question 4
In quantitative analysis to estimate cost function, fourth step is to
A
write a liner function
B
write price function
C
write manufacturing function
D
plot data
Question 5
What are the restrictions for issuing a Revision Order by SGST Commissioner?
A
No appeal of the dealer pending before FAA/Tribunal/HC/SC
B
No Revision Order after the expiry of 3 years from adjudication excluding the appeal pendency period before Tribunal/HC/SC including stay period
C
Either a) or b)
D
Both a) and b)
Question 6
Taxable person made an online payment of tax. Due to technical snag CIN was not generated but my bank account is debited. What should he do?
A
Wait for 24 hours for re-credit
B
Approach bank
C
File application with department
D
File return without challan
Question 7
In expected rate of return for constant growth, expected total rate of return is equal to
A
buying pricing
B
dividend yield
C
rate of return
D
selling pricing
Question 8
Notice to non-filers of return shall be sent in Form
A
GSTR 5
B
GSTR 3
C
GSTR 3A
D
GSTR 10
Question 9
Whose prior written permission is necessary for any takeover or acquisition or control of an NBFC (Non-Banking Finance Company)?
A
SEBI
B
Ministry of Finance
C
NABARD
D
RBI
Question 10
The primary function of an office is-
A
Making, using and preserving records
B
Remunerating personnel
C
Carrying out management policies
D
Safeguarding organization's assets
Question 11
Consider the following statements: In the absence of an agreement, a partner of a firm has the right to
  1. claim remuneration for taking part in the management.
  2. take part in the conduct and management of business.
A
1 and 4
B
2 and 3
C
1 only
D
4 only
Question 12
Subtracted flexible budget amount can form an actual result to calculate
A
unstated budget variance
B
flexible budget variance
C
constant budget variance
D
static budget variance
Question 13
In India..... has a predominant share in the debt market.
A
Government Securities
B
Corporate Deposits
C
Corporate Equity
D
Global Depository Receipts
Question 14
Banks permitted to run option book is required to fulfill the condition of
A
Continuous profit for at least three years.
B
Minimum CRAR of 9%.
C
Minimum net worth of Rs.200 crores.
D
All the above.
Question 15
The summarized balance sheet of Autolight Limited shows the balances of previous and current year of retained earnings Rs 25, 000 and Rs 35, 000. If dividend paid during the current year amounted to Rs 5, 000 then profit earned during the year will be:
A
Rs 5, 000
B
Rs 55, 000
C
Rs 15, 000
D
Rs 65, 000
Question 16
A computerized trading network that matches buy and sell orders electronically entered by customers is a.....
A
national markets system
B
electronic communications networks
C
internet investment service
D
global investment network.
Question 17
Responsibility Centre can be categorised into:
A
Cost Centres only
B
Profit Centres only
C
Investment Centres only
D
Cost Centres, Profit Centres and Investment Centres
Question 18
The exchange rate system that best characterizes the present international monetary arrangement used by industrialized countries is
A
freely fluctuating exchange rates
B
adjustable pegged exchange rates
C
managed floating exchange rates
D
pegged or fixed exchange rates
Question 19
In a joint process of production, a product which yields high volume of sales as compared to total sales volume of other products is known as
A
incremental product
B
sunk product
C
main product
D
split off product
Question 20
Which of the following represents corporate sustainable reporting?
A
Publishing annual financial statement only
B
Publishing annual financial statements and social accounts
C
Publishing social and environmental accounts annually
D
Publishing annual financial statements incorporating economic, social and environmental performances
There are 20 questions to complete.

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