Commerce online quiz 108

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
A supplier of goods or services pays tax under under section 74, 129 and 130 (fraud, willful misstatement etc.). Receiver of goods can avail its credit
A
Yes
B
No Input Tax Credit
C
Yes, after receipt of goods or services
D
Yes, after receipt of invoice for goods or services
Question 2
Which process is used to reinstall data from a copy when the original data has been lost?
A
backup
B
recovery
C
benchmarking
D
data cleansing
Question 3
In marketing mi, x which four P's are covered
A
Product, Price, Place, Promotion
B
Product, Price, Penetration Promotion
C
Product, Price
D
Product, Price, Positioning, Promotion
Question 4
In calculation of betas, an adjusted betas are highly dependent on historical
A
unadjusted betas
B
adjusted historical betas
C
fundamental historical betas
D
fundamental varied betas
Question 5
A cheque returned by bank marked "NSF" means that
A
Bank can't verify your identity
B
There are not sufficient funds in your account
C
Cheque has been forged
D
Cheque can't be cashed being illegal
Question 6
.. was not nationalized in 1969:
A
Punjab National Bank
B
Oriental Bank of commerce
C
Bank of Baroda
D
Union Bank of India
Question 7
Equivalent units represent the production of a process in terms of.....units.
A
Completed
B
total production
C
semi-finished
D
both a& c
Question 8
In the calculation of return on shareholders investments the referred investment deals with
A
All reserves
B
Preference and equity capital only
C
All appropriations
D
All of the above
Question 9
The certificate of details of tax deducted by the deductor shall be furnished to the deductee in Form
A
GSTR 7
B
GSTR 7A
C
GSTR 2A
D
GSTR 1A
Question 10
If coefficients are similar for two accounting periods, then single cost relationship is estimated with help of
A
data of fixed cost
B
cost driver of data
C
pool of data
D
cost object of data
Question 11
Double Entry System was introduced in-
A
America
B
Japan
C
India
D
Italy
Question 12
Outsider's claim against the assets of the business is called
A
Liability
B
Expense
C
Income
D
Capital
Question 13
If budget sales units are 2000, an ending inventory is 3000 units and beginning inventory is 1000, then budget production would be
A
6000 units
B
4000 units
C
no units
D
8000 units
Question 14
The prescribed time period for the rectification of any error apparent on the face record in advance ruling or order in appeal against advance ruling?
A
Within 1 month from the date of order
B
Within 2 month from the date of order
C
Within 3 month from the date of order
D
Within 6 month from the date of order
Question 15
What is the first step in a P3P-enabled transaction?
A
send Web page
B
http GET request Web page
C
Send P3P policy files
D
http GET request P3P policy files
Question 16
The minimum number of members required for registration of a co-operative society is.....
A
2
B
7
C
10
D
20
Question 17
Cost of common stock is 14% and bond risk premium is 9% then bond yield will be
A
1.56%
B
5.00%
C
23.00%
D
64.28%
Question 18
A market in which only two firms exist is
A
Oligopoly
B
Duopoly
C
Duopsony
D
Oligopsony
Question 19
First in first out method of valuing material issues is suitable in times of.....
A
Rising prices
B
falling prices
C
fluctuating prices
D
none of these
Question 20
Cash book with cash and discount column is mostly referred to as
A
Simple cash book
B
Two columns cash book
C
Three columns cash book
D
Petty cash book
There are 20 questions to complete.

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