Commerce online quiz 94

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
A firm should shut down in the short run if it is not covering its
A
Variable cost
B
Fixed cost
C
Total cost
D
Explicit cost (money outlays)
Question 2
Cost classification can be done in.....
A
two ways
B
three ways
C
four ways
D
several ways
Question 3
Mumbai stock exchange was recognized on a permanent basis in.....
A
1950
B
1956
C
1957
D
1965
Question 4
The law of consumer surplus is based on
A
Indifference curve analysis
B
Revealed preference theory
C
Law of substitution
D
The law of diminishing marginal utility
Question 5
In Encyclopaedia Britianica, ..... acts as an index to macropaedia.
A
Bibliography
B
Introduction Part
C
Propaedia
D
Micropaedia
Question 6
An amount invested is Rs 1500 and an amount received is Rs 2000 then return would be
A
Rs 500.00
B
-Rs 500.00
C
Rs 3, 500.00
D
-Rs 3, 500.00
Question 7
International Development Association established in
A
1970
B
1962
C
1960
D
1958
Question 8
Standard of living of a country can be raised if it increases
A
Labour force
B
Production
C
Money supply
D
Exports
Question 9
Department which provides assisting services to internal departments is classified as
A
supply department
B
support department
C
production department
D
allocation base department
Question 10
Which of the following appears in Cost Accounts and not in Profit and Loss Account?
A
Raw Materials
B
Rent of house of the owner of business
C
Works overhead
D
Selling and distribution expenses
Question 11
A purchase book is used to record all.....made by the business from its suppliers.
A
purchases
B
credit purchases
C
cash purchases
D
none of these
Question 12
For contingency exposure of foreign exchange, the best derivative that can be used to hedge is
A
Forwards.
B
Futures.
C
Options.
D
Swaps.
Question 13
When the goods are returned to a supplier
A
A Debit note is sent to him
B
An Account sale is sent to him
C
A receipt is sent to him
D
Either 'b' or 'c'
Question 14
On 29th August 2011, RBI revealed its draft guidlines for licencing of new banks in the private sector. It insisted that the new private banks need Rs......crores capital to initiate a bank.
A
100
B
200
C
400
D
500
Question 15
Industrial Exit policy means?
A
Allow Indian companies to invest in foreign countries
B
Allowing business unit to close down
C
Allow foreign companies to withdraw their investment from Indian companies
D
None of these
Question 16
An ability of an accounting system, to point out use of resources in every step of production process is called
A
back-flush trails
B
audit trails
C
trigger trails
D
lead manufacturing trails
Question 17
Value of future dividends after horizon date is classified as
A
hypothesis value
B
horizon value
C
terminal value
D
Both B and C
Question 18
The balance of which of the following items may have credit balance too?
A
Cash
B
Bank
C
Investment
D
Stock
Question 19
Inspections can be conducted at the business places of, .....
A
Taxable persons
B
Transporter of goods
C
Owner or Operator of Godowns/Ware house
D
All of the above
Question 20
If the goodwill raised at the time of retirement of a partner is to be written-off, then the capital accounts of the remaining partners are debited in-
A
New profit sharing ratio
B
Capital ratio
C
Old profit sharing ratio
D
Sacrificing ratio
There are 20 questions to complete.

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