Commerce online quiz 97

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
An inventory recording in balance sheet includes
A
First in first out
B
Last in first out
C
last in last out
D
Both A and B
Question 2
Preferred dividend is divided by preferred stock price multiply by (1-floatation cost) is used to calculate
A
transaction cost of preferred stock
B
financing of preferred stock
C
weighted cost of capital
D
component cost of preferred stock
Question 3
Perquisite received by the assessee during the course of carrying on his business or profession is taxable under the head.
A
Salary
B
Other sources
C
PGBP
D
None of the above
Question 4
If future return on common stock is 14% and rate on T-bonds is 5% then current market risk premium will be
A
19.00%
B
9.00%
C
Rs 9
D
Rs 19
Question 5
Hedging with options is best recommended for
A
Hedging receivables.
B
Hedging payables.
C
Hedging contingency exposures.
D
Hedging foreign currency loans
Question 6
'Sugam' is a scheme launched for
A
Small tax payers
B
Pensioners getting old age pension
C
Big corporate houses
D
Getting all sorts of permission / clearances for small exporters
Question 7
What is financial inclusion?
A
To provide a permanent employment to the unemployed
B
To provide a 100 days job at all those who are in need of a job
C
To provide banking services to all those living in remote areas
D
To ensure that all financial transactions amounting Rs. 5, 000/-and above are done through banks.
Question 8
A worker is allowed 60 hours to complete the job on a guaranteed wage of Rs 10 per hour Under the Rowan Plan, he gets an hourly wage of Rs 12 per hour For the same saving in time, how much he will get under the Halsey Plan?
A
Rs. 720
B
Rs. 540
C
Rs. 600
D
Rs. 900
Question 9
Is a Composition dealer registered under the old law required to obtain Final GST Registration?
A
No, Old number will continue
B
Yes, mandatory for all Composition dealers
C
Yes, Subject to the turnover crossing the GST Turnover limit.
D
No, will be governed by old law.
Question 10
Which one of the following is not an element of direction?
A
Planning and organizing various resources for doing work
B
Continuous training activity in which subordinates are instructed to carry out a particular assignment
C
Motivation of subordinates to try to meet the expectations of manager
D
Maintaining discipline and rewarding those who perform properly
Question 11
Which one of the following accounting conventions stipulates that contingent assets appear as a footnote in the balance sheet?
A
Materiality
B
Consistency
C
Disclosure
D
Conservatism
Question 12
Agreement to exchange one currency for another at a specified exchange rate and date is
A
Currency swap
B
Swap points
C
Currency put option
D
Currency call option
Question 13
Current option price is added to present value of portfolio for calculating
A
future value of portfolio
B
current value of stock
C
future value of stock
D
present value of portfolio
Question 14
Which of the following provides financial aid to the developing countries of Asia?
A
Association of South East Asia Nations
B
International Development Association
C
Asian Development Bank
D
None of the above
Question 15
The permissible time period for the rectification of an error apparent on the face of record by the Tribunal will be:
A
1 Month from the date of order
B
2 Months from the date of order
C
3 Months from the date of order
D
No such time limit.
Question 16
Conversion cost is $2000 and manufacturing overhead cost is $7000, then direct manufacturing labour cost will be
A
$27, 000
B
$13, 000
C
$130, 000
D
$29, 500
Question 17
The actual output of 162, 500 units and actual fixed costs of Rs 87000 were exactly as budgeted. However, the actual expenditure of Rs 300, 000 was Rs 18, 000 over budget. What was the budget variable cost per unit?
A
Rs 1.20
B
Rs 1.31
C
Rs1.42
D
Rs 1.50
Question 18
Qatar based Doha Bank declared to open its first branch in which of the following Indian cities?
A
Hyderabad
B
Mumbai
C
Pune
D
Kolkata
Question 19
The producer is in equilibrium at a point where the cost line is
A
Above the isoquant
B
Below the isoquant
C
Cutting the isoquant
D
Tangent to isoquant
Question 20
Expand the term IFRS
A
Indian Financial Reporting Standards
B
Indian Financial Reporting Systems
C
International Financial Reporting Standards
D
International Financial Reporting Systems
There are 20 questions to complete.

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