Commerce online quiz 88

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Input call parity relationship, present value of exercise price is added to call option which is equal to
A
put option stock
B
call option + stock
C
call option + market price
D
put option + market price
Question 2
Which of the following tax is not subsumed in GST
A
VAT
B
Stamp Duty
C
Entry Tax
D
Entertainment Tax
Question 3
"ASBA" stands for-
A
Application supported by bank account
B
Application supported by balance account
C
Application supported by blocked account
D
Application supported by blocked amount
Question 4
Match List I (Objectives of analysis) with List II (Ratios to be computed) and select correct answer using the codes given below the lists List I List II a. Trading on Equity I. Earnings per share b. Efficiency of Inventory Control II. Liquidity ratio c.
A
a b c d II I IV III
B
a b c d III IV I II
C
a b c d III I IV II
D
a b c d II IV I III
Question 5
Depreciation of plant can be apportioned on the basis of.....
A
plant value
B
plant size
C
working days
D
output produced
Question 6
Which of the following organisations should not be advised to use service costing?
A
Distribution service
B
Hospital
C
Maintenance division of a manufacturing company
D
A light engineering company
Question 7
Which of the following cost curves is never U-shaped?
A
Average cost curve
B
Marginal cost curve
C
Average variable cost curve
D
Average fixed cost curve
Question 8
What are the taxes levied on an intra-State Supply?
A
CGST
B
SGST
C
CGST and SGST
D
IGST
Question 9
..... is the rate at which banks can borrow overnight from RBI.
A
Term Deposit Rate
B
Marginal Standing Facility Rate
C
Market Rate
D
Call Money Rate
Question 10
Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of.....:
A
2 years
B
4 years
C
5 years
D
6 years
Question 11
..... Layout based on similarity of work.
A
Group
B
Process
C
Open
D
Closed
Question 12
Service departments costs should be allocated to:
A
Only Service departments
B
Only Production departments
C
Both Production and service departments
D
None of the production and service departments
Question 13
The control ratios used by the management to know whether the deviations of the actual performance from the budgeted performance are favourable or unfavourable are
A
Capacity ratio, activity ratio
B
Efficiency ratio, calendar ratio
C
Both a & b
D
None of the above
Question 14
Net loss occurs when
A
Expenses are greater than income
B
Expenses are less than income
C
Expenses = Income
D
Liabilities are greater than income
Question 15
According to market risk premium, an amount of risk premium depends upon investor
A
risk taking
B
risk aversion
C
market aversion
D
portfolio aversion
Question 16
Which statement of the following false for IMF?
  1. It is not an agency of UNO
  2. It can grant loan to any country of the world
  3. It can grant loan to State Government of a country.
  4. It offers only conditional l
A
2, 3, 4 are true
B
3, 4 are true
C
1, 2, 4 are true
D
1, 3, 4 are true
Question 17
Percentage of overall gross margin is multiplied to final sales value of products total production is used to calculate
A
Gross margin in terms of amount of money
B
Gross margin in terms of separable costs
C
Gross margin in terms of total cost
D
Gross margin in terms of labour cost
Question 18
Indian Accounting Standard-28 is related to-
A
Accounting for taxes on income
B
Financial Reporting of Interests in Joint Venture
C
Impairment of Assets
D
Provisions, Contingent Liabilities and Contingent Assets
Question 19
One of the major difficulties in improving the industrial efficiency in enterprises is:
A
low investment
B
low productivity
C
ineffective marketing
D
poor inventory control
Question 20
Whether the amount paid as arrears of tax under the earlier law is admissible as input tax credit?
A
Yes
B
No
C
Yes, if necessary documents are produced
D
Yes, admissible as output tax credit
There are 20 questions to complete.

Leave a Reply

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