Commerce online quiz 90

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Economic survey is published by
A
Ministry of Finance
B
Planning Commission
C
Government of India
D
Indian Statistical Institute
Question 2
The underwriter has to take up.....
A
the fixed portions of the issue capital
B
the unsubscribed part of the agreed portion
C
the agreed portion or can refuse if
D
the unfixed portions of the issue capital
Question 3
Under double account system, profit is disclosed in
A
Net revenue account
B
Capital account
C
Revenue account
D
Receipts and expenditure on capital account
Question 4
Outstanding expenditure is a----account.
A
nominal
B
personal
C
real
D
liability
Question 5
Finance company providing loans at 3% with five compounding periods per year, nominal annual rate is classified as
A
15.00%
B
0.60%
C
10.00%
D
1.67%
Question 6
In case of Voluntary registration input tax credit can be availed
A
on stocks held on the day immediately preceding the date from which he becomes liable to pay tax under the provisions of this Act
B
on stocks held on the day immediately preceding the date of grant of registration under the provisions of this Act.
C
on stocks held on the day immediately preceding the date of application of registration under the provisions of this Act.
D
None of the above
Question 7
Within how many days the Authority shall pronounce its decision on advance ruling from the date of receipt of application
A
30 days
B
60 days
C
90 days
D
120 days
Question 8
.....is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.
A
ABC Analysis
B
JIT Inventory System
C
VED Analysis
D
Perpetual Inventory System
Question 9
If lowering of fares reduces railway's revenues and increasing of fares increases, then the demand for rail travel has a price elasticity of
A
Zero
B
Greater than Zero but less than One
C
One
D
Greater than One
Question 10
Which of the following is difference between the provisions of input sent and semifinished goods sent to Job worker of CGST Act?
A
Goods should be returned within six months from the appointed date
B
Goods can be sold/ removed/ exported directly to customer
C
Job worker and manufacturer have to both declare the stock of goods held on the appointed date
D
None of the above
Question 11
What is the time period to give clarification in respect of the GST REG-03 from the part of the applicant of the registration?
A
Online submission of GST-REG-04 within 3 common working days from the receipt of GST REG-03
B
Online submission of GST-REG-04 within 5 common working days from the receipt of GST REG-03
C
Online submission of GST-REG-04 within 7 common working days from the receipt of GST REG-03
D
Online submission of GST-REG-04 within 10 common working days from the receipt of GST REG-03
Question 12
NAFTA is an example of
A
Common Market
B
Customers Union
C
Economic Community
D
Free Trade Area
Question 13
Cost of contract and profit or loss thereon are determined by preparing.....
A
cost sheet
B
profit and loss a/c
C
trading a/c
D
separate ledger a/c
Question 14
If two independent projects having hurdle rate then both projects should
A
be accepted
B
not be accepted
C
have capital acceptance
D
have return rate acceptance
Question 15
The dimension of e-commerce that enables commerce across national boundaries is called.....
A
interactivity
B
global reach
C
richness
D
ubiquity
Question 16
More MCQs on Foreign Exchange Management 1. The subsumption of which taxes will make the GST-a pucca Destination based Consumption Tax
A
CST and Central Excise
B
VAT and Luxury Tax
C
Service Tax and Purchase Tax
D
Taxes on Lotteries and Entertainment Tax
Question 17
Match List-I (Activity) with list-II (Associated organization) and select the correct answer: \begin{table}[H]\centering\begin{tabular}{|c|c|}\hline List-I & List-II \\\hline A. Mutual fund & 1. Stock Exchange \\\hline B. Public issue of capital & 2. Ass
A
$A-3, B-2, C-4, D-1$
B
$A-3, B-2, C-1, D-4$
C
$A-2, B-3, C-1, D-4$
D
$A-2, B-3, C-4, D-1$
Question 18
If opening stock Rs. 10, 000, closing stock Rs. 11, 000, purchases Rs, 70, 000 and goods sold @ 30% profit on cost, the amount of sales will be
A
Rs. 86, 000
B
Rs. 89, 700
C
Rs. 21, 000
D
Rs. 91, 000.
Question 19
Which one of the following is emerged as a major instrument of Monetary Policy in the Indian Economy?
A
Liquidity Adjustment Facility
B
Commercial Papers
C
Treasury Bills
D
None of the above
Question 20
The person in charge of the conveyance carrying any consignment of goods exceeding the value of....., shall carry prescribed documents (E-Waybill)
A
50, 000
B
1, 00, 000
C
10, 000
D
100 lakhs
There are 20 questions to complete.

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