# Commerce online quiz 87

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।)
What is the maximum amount of demand for which the officer can issue an order under section 73 in case of other than fraud, misstatement or suppression?
 A Amount of tax + interest + penalty of 10% of tax B Amount of tax + interest + penalty of 10% of tax or Rs.10, 000/-whichever is higher C Rs.10, 000/- D Amount of tax + interest + 25% penalty
 Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An aspect that is debited in the journal entry will be given a..... in the ledger account.
 A debit B credit C cost D none of these
 Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The..... refers to the orderly relationship between spot and forward currency exchange rates and the rates of interest between countries.
 A one-price rule B interest-rate parity C purchasing-power parity D exchange-power parity
 Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Manner of utilizing ITC for payment of IGST.....?
 A (i) IGST (ii) SGST (iii) CGST (iv) Cash B (i) CGST (ii) IGST (iii) SGST (iv) Cash C (i) IGST (ii) Cash (iii) CGST (iv) SGST D (i) IGST (ii) CGST (iii) SGST (iv) Cash
 Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Constant growth rate is 8% and an expected dividend yield is 5.4% then expected rate of return would be
 A -3.40% B 3.40% C 13.40% D -13.40%
 Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
ATM Stands for?
 A Automated Teller Machine B Automatic Teller Machine C Automated Teller Memory D Any Time Money
 Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Minimum cash reserves fixed by law constitute...
 A A percentage of aggregate deposits of the bank B A percentage of aggregate loans and advances of the bank C A percentage of capital & reserves of the bank 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।)
Stock in small companies, owned by few people but not actively traded is classified as
 A closely held stock B largely held stock C attributed stock D successful stock
 Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Accounts receivable & inventory are the examples of
 A Current assets B Liquid asset C Fixed asset D Capital asset
 Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Opening capital 9, 000; closing capital 16, 500; drawings during the year 2, 600. The amount of profit will be
 A 10100 B 4900 C 9100 D 10000
 Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which of the following is true about "White Card"?
 A It is related to companies producing milk products B It does not carry on its face, the brand of the issuer C It is meant to covert blank money into the economy D It is a card that provides white money
 Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
If the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for
 A Coke will rise B 7-Up will decrease C Coke and 7-Up will increase D Coke and 7-Up will decrease
 Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The expenses of audit u/s 66 is determined and paid by:
 A the [Commissioner]. B the [Deputy/ Assistant Commissioner] with prior approval of the Commissioner. C the registered person. D Any of the above.
 Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Planning is a..... process
 A Goal Oriented B Flexible C Time bound D All of these
 Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Unsystematic risk is.....
 A the risk associated with movements in security prices B reduced through diversification C higher when interest rates rise D the risk of loss of purchasing power
 Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The basic nature of assessment in GST will be:
 A Self assessment B Provisional Assessment C Best Judgment Assessment D Protective Assessment
 Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Finance company providing loans at 12% with 2 compounding periods per year, periodic rate is classified as
 A 3% per quarter B 6% per quarter C 6% per year D 0.1667 % per year
 Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
An amount of company retain earning, return on equity and inflation are factors which effect
 A earning growth B return on assets C return on sales D return on value
 Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A registered person claiming refund of balance in electronic cash ledger may make such a claim in:-
 A Application for refund B Annual Return C Returns filed at the end of tax periods D None of the above
 Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
General donations of relatively large amount is recorded on the
1. Income side of Income and Expenditure Account
2. Liabilities side of Balance Sheet
3. Receipts side of Receipts and Payments Account
Select th
 A 1 only B 2 and 3 C 1 and 3 D 3 only
There are 20 questions to complete.