MCQ on COMMERCE

Commerce MCQ questions

Question 191
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:
A
Transfer of all the Assets of the Existing Business Concern
B
Transfer of all the Liabilities of the Existing Business Concern
C
Transfer of both Assets and Liabilities of the existing business concern including credit on Electronic Cash Ledger
D
Any of the Above






Question 192
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?
A
40%
B
50%
C
60%
D
75%
Question 193
The Order of the Utilisation of the SGST ITC Credit will be:
A
IGST OPT, CGST OPT and SGST OPT
B
CGST OPT, IGST OPT and SGST OPT
C
SGST OPT, IGST OPT and No Utilisation over CGST OPT
D
SGST OPT, CGST OPT and No Utilisation over IGST OPT






Question 194
The liability of partners in a firm is.....
A
Limited
B
Unlimited
C
Joint liability
D
Separate liability
Question 195
A firm encounters its 'shutdown point' when
A
Average total cost equals price at the profit-maximizing level of output
B
Average variable cost equals price at the profit-maximizing level of output
C
Average fixed cost equals price at the profit-maximizing level of output
D
Marginal cost equals price at the profit-maximizing level of output






Question 196
If coupon rate is equal to going rate of interest then bond will be sold
A
at par value
B
below its par value
C
more than its par value
D
seasoned par value
Question 197
The return on equity capital ratio is obtained by dividing net profit (after tax) less preference dividend by
A
Equity capital
B
Total capital
C
Current assets
D
Current liabilities






Question 198
Arrests under GST are to be authorised by.....
A
Asst Commissioner
B
Joint Commissioner
C
Commissioner
D
None of the above
Question 199
Which of the following are included in the permanent facility for specific purpose of IMF?
A
The compensatory and contingency financing facility.
B
The buffer stock financing facility
C
The extended facility
D
All of the above






Question 200
Inspections, Search and seizure operations under GST are to be authorised by a CGST/SGST Officer not below the rank of.....
A
Dy Commissioner
B
Asst Commissioner
C
Joint Commissioner
D
Commissioner
There are 200 questions to complete.

7 thoughts on “MCQ on COMMERCE

  1. Nasir Bashir Mir

    Please inform me through email if any update
    Thanku

    Reply
  2. Basu Naik

    Thanks a lot sir….
    sir is there any possibility to access this in offline ? Its really helpful if its available in offline sir

    Reply

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