Commerce MCQ questions
The unutilized ITC in the electronic ITC Ledger will be allowed to a new entity on business as a whole transfer, merger, demerger, amalgamation and on lease if the transfer deed provides for:
Transfer of all the Assets of the Existing Business Concern
Transfer of all the Liabilities of the Existing Business Concern
Transfer of both Assets and Liabilities of the existing business concern including credit on Electronic Cash Ledger
Any of the Above
Net profit after tax of Rs. 2, 00, 000 is Rs. 4, 00, 000. Share capital is Rs. 8, 00, 000 and revenue reserve is Rs. 2, 00, 000. What is rate of return on equity?
The Order of the Utilisation of the SGST ITC Credit will be:
IGST OPT, CGST OPT and SGST OPT
CGST OPT, IGST OPT and SGST OPT
SGST OPT, IGST OPT and No Utilisation over CGST OPT
SGST OPT, CGST OPT and No Utilisation over IGST OPT
The liability of partners in a firm is.....
A firm encounters its 'shutdown point' when
Average total cost equals price at the profit-maximizing level of output
Average variable cost equals price at the profit-maximizing level of output
Average fixed cost equals price at the profit-maximizing level of output
Marginal cost equals price at the profit-maximizing level of output
If coupon rate is equal to going rate of interest then bond will be sold
at par value
below its par value
more than its par value
seasoned par value
The return on equity capital ratio is obtained by dividing net profit (after tax) less preference dividend by
Arrests under GST are to be authorised by.....
None of the above
Which of the following are included in the permanent facility for specific purpose of IMF?
The compensatory and contingency financing facility.
The buffer stock financing facility
The extended facility
All of the above
Inspections, Search and seizure operations under GST are to be authorised by a CGST/SGST Officer not below the rank of.....
There are 200 questions to complete.