Commerce online quiz 91

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Average method of pricing the material issues is useful when.....
A
material prices are rising
B
material prices are falling
C
material prices are constant
D
material prices are fluctuating
Question 2
Which of the following permits the transmission of a bill, along with payment of that bill, to be conducted over the Internet?
A
financial cybermediary
B
electronic check
C
electronic bill presentment and payment
D
all of the above
Question 3
A company invited application for subscription of 5, 000 shares. The application were received for 6, 000 shares. The shares were allotted on pro-rata basis. If X has applied for 180 shares how many shares would be allotted to him?
A
180 shares
B
200 shares
C
150 shares
D
175 shares
Question 4
Repeated use plans or standing plans include
A
Objectives and policies
B
Procedures and methods
C
Rules
D
All of the above
Question 5
Master budget includes all projections of company's budget and focuses on
A
serial correlation
B
marketing plan
C
financial plan
D
both B and C
Question 6
While calculating weighted average cost of capital.....
A
Preference shares are given more weight age
B
Cost of issue is considered
C
Tax factor is ignored
D
Risk factor is ignored
Question 7
Type of costs that cannot be traced for individual products but help in supporting an organization are classified as
A
individual sustaining costs
B
facility sustaining costs
C
sustained tracing
D
support tracing
Question 8
..costing is applicable to printers.
A
Process
B
batch
C
multiple
D
job
Question 9
In incremental cost allocation method, cost object user who is ranked second in ranking order is known as
A
First incremental user
B
primary user
C
secondary user
D
second incremental user
Question 10
Span of controls means that
A
An organization consists of various departments
B
Each person's authority is clearly defined.
C
Every subordinate has one superior
D
A manager can supervise only a limited number of subordinates
Question 11
Premium which is considered as difference of expected return on common stock and current yield on Treasury bonds is called
A
current risk premium
B
past risk premium
C
beta premium
D
expected premium
Question 12
A rise in supply and demand in equal proportion will result in
A
Increase in equilibrium price and equilibrium quantity
B
Decrease in equilibrium price and increase in equilibrium quantity
C
No change in equilibrium price and increase in equilibrium quantity
D
Increase in equilibrium price and no change in equilibrium quantity
Question 13
Unsecured bonds which is designated for only notes payable or all other debts are classified as
A
designated bonds
B
payable bonds
C
ordinate bonds
D
subordinated bonds
Question 14
Who among the following persons are allowed to carry forward credit under the CGST/ SGST law?
A
COT dealers not required to take registration under GST law in view of minimum threshold turnover
B
Regular dealers under the earlier law and opting for COT scheme under the GST law
C
Regular dealers under the earlier law and NOT opting for COT scheme under GST law
D
COT dealers under earlier law and continuing for COT scheme under GST law
Question 15
Reinvestment risk of bonds is higher on
A
short maturity bonds
B
high maturity bonds
C
high premium bonds
D
high inflated bonds
Question 16
Cost accounts deal partly with facts and figures and partly with.....
A
costs
B
Estimates
C
income
D
revenue
Question 17
Labour cost is the second element of.....
A
cost
B
profit
C
sales
D
task
Question 18
In the absence of partnership agreement the profit is shared by the partners-
A
equally
B
on the basis of capital invested
C
on the basis of decision of the court
D
on the basis of time spent
Question 19
Which of the following statements indicates the essence of Robbins definition?
A
''Economics is a subject concerned with an enquiry into the nature and causes of Wealth of Nations.''
B
''Economics is the study of mankind in the ordinary busi ness of life.''
C
''Economics is the science of scarcity.''
D
''Economics is the study of allocation of scarce resources and of the determinants of employment, income and economic growth.''
Question 20
In case of rising prices (inflation), LIFO will:
A
provide lowest value of closing stock and profit
B
provide highest value of closing stock and profit
C
provide highest value of closing stock but lowest value of profit
D
provide highest value of profit but lowest value of closing stock
There are 20 questions to complete.

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