Commerce online quiz 95

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Suppose, Goods are sent for Job Work before the implementation date of GST and the same were not received back within 6 months from that date and not received it back even after the time extension of 2 months allowed on reasonable cause. What will be its
A
Deemed Supply of the Registered Dealer who sent the goods for Job Work
B
Deemed Supply of Job Worker
C
No Taxable Event
D
Either of the Party Liable to Pay GST
Question 2
Double declining balance method and sum of years digits are included in
A
yearly method
B
single methods
C
double methods
D
accelerated methods
Question 3
An electronic check is one form of what?
A
e-commerce
B
online banking
C
e-cash
D
check
Question 4
Suppose the demand for meals at a medium-priced restaurant is elastic. If the management of the restaurant is considering rasiing prices, it can expect a relatively
A
Large fall in quantity demanded
B
Large fall in demand
C
Small fall in quantity demanded
D
Small fall in demand
Question 5
Sales budget variance is subtracted from flexible budget amount to calculate
A
static budget amount
B
unstated amount
C
constant amount
D
variable amount
Question 6
..is an example of long-term budget
A
Cash budget
B
Capital expenditure budget
C
Research and development budget
D
Both b & c
Question 7
The deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as.....
A
Difference
B
Variance
C
Discrepancy
D
Inconsistency
Question 8
.....is an allowance or deduction made from the invoice price of goods sold.
A
trade discount
B
cash discount
C
commission
D
none of these
Question 9
Direct material cost is $75000 and direct manufacturing labour is $20000, then prime cost would be
A
$55, 000
B
$37, 500
C
$95, 000
D
$26, 000
Question 10
'Matrix organisation' refers to a term of
A
Organisation where authority and responsibility coexist
B
Organisation in which two or more basic types of departmentation are combined.
C
Mathematical arrangement of events in columns and rows.
D
None of the above
Question 11
Relationship between total risk of stock, diversifiable risk and market risk is classified as
A
total risk
B
standard deviation
C
standard alpha
D
treynor alpha
Question 12
Non-systematic risk is also known as.....
A
riskless
B
market risk
C
random risk
D
company-specific risk
Question 13
The limitation period for the completion of assessment in respect of non-filers of returns?
A
If fraud or wilful suppression-within 5 years from the due date or actual date of filing of the annual return whichever is earlier
B
If no fraud or no wilful suppression-within 3 years from the due date or actual date of filing of the annual return whichever is earlier
C
Either of the Above (a) or (b)
D
None of the Above
Question 14
Betas tend to move towards 1.0 with passage of time are classified as
A
standard betas
B
varied betas
C
historical betas
D
adjusted betas
Question 15
An indifference curve is always
A
A vertical straight line
B
Convex to the origin
C
Concave to the origin
D
A horizontal straight line
Question 16
The virus that are commonly found in word documents are called.....
A
Macro
B
Trojan horse
C
Script virus
D
None of the above
Question 17
In which form, the largest percentage of national income is earned?
A
Interest income
B
Proprietor's income
C
Employee' wages
D
Rental income
Question 18
Value of sales considers sales value at split off method is of
A
entire direct material of accounting period
B
entire production of accounting period
C
portion of production of accounting period
D
entire indirect material of accounting period
Question 19
Which one is not international Institution?
A
IMF
B
IDA
C
IBRD
D
TRAI
Question 20
How a person can submit the application for registration?
A
Filing FORM GST REG-01 along with necessary documents with the jurisdictional proper officer.
B
Filing FORM GST REG-01 electronically in the common portal and uploading the required documents along with the application.
C
Uploading necessary documents electronically in the common portal and also submitting manually to the jurisdictional proper officer.
D
None of the above
There are 20 questions to complete.

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