10000 MCQ /questions on commerce questions answers
Intimation regarding appointment of liquidator should be given to the Commissioner within 30 days of
Cancellation of registration
Appointment of Liquidator
Order of Court
Earning Goodwill is..... for business ethics.
Regional rural banks were established in india on the recommendation of which committees.....
Recommendations of Narsimham Committee
Recommendations of Shivraman committee
Recommendations of RG Saraiya Committee
Recommendations of RN Mirdha committee
Assertion(A) Analytical review procedures are useful only at the time of planning of an audit. Reason (R): Analytical reviews are the test of financial information conducted through a study and review of relationship among financial data.
Both A and Rare individually true and R is the correct explanation of A
Both A and R are individually true, but R is not the correct explanation of A
A is true, but R is false
A is false, but R is true
Net present value is a popular method which falls
With in non-discount cash flow method
With in discount cash flow method
Equal With in non-discount cash flow method
No discount cash flow
The satisfactory ratio between share-holder's funds and long terms loan is....
Profit is a part of
All of the above
How many columns are there in the accession register?
Conversion cost includes cost of converting...... into.........
Raw material, WIP
Raw material, Finished goods
WIP, Finished goods
Finished goods, Saleable goods
Unclaimed dividends should be shown in the Balance Sheet of a company under the heading
Reserve and Surplus
Theory 'X' and Theory 'Y' of Motivation was propounded by-
If a dealer paying Tax under Composition scheme in earlier law, switch over to normal scheme in GST, the treatment of Tax element involved in the stock will be:
No ITC Credit
ITC Credit subject to eligibility
Refund of Tax Element
None of the Above
Which of the following statements is true in relation to liabilities?
Claims against the resources.
Currently existing obligations which the firm intends to meet at some time in the future.
It must be capable of being expressed in money terms.
All of the above
In GST, a Dealer can apply for the Revocation of the Cancellation of Registration within:
Within 90 days from the date of the service of the GSTIN Cancellation Order
Within 60 days from the date of the service of the GSTIN Cancellation Order
Within 30 days from the date of the service of the GSTIN Cancellation Order
Within 15 days from the date of the service of the GSTIN Cancellation Order
The tenure of the Foreign Trade policy is
The average total cost pf producing 50 units is Rs.250 and total fixed cost is Rs.1000. What is the average fixed cost of producing 100 units?
Nominal rate which is quoted to consumers on loans is considered as
annual percentage rate
annual rate of return
loan rate of return
local rate of return
India is facing continuous deficit in its balance of payments. In the foreign exchange market rupee is expected to
Show no specific tendency.
Depreciate against currencies of the countries with positive balance of payment and appreciate against countries with negative balance of payment.
A speculator who expects a rise in price of securities in the future are called as.....
GST council formation based on Article number.....
255A E. 286A
There are 20 questions to complete.