Commerce online quiz 109

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
For companies in service sector, cost which is not considerable is
A
Inventoriable costs
B
finished costs
C
factory overhead costs
D
manufacturing overhead costs
Question 2
Assertion (A): Certificate of Origin is an export related document and it is issued by the Chamber of Commerce. Reason (R): Certificate of Origin is used by importer to take delivery of goods.
A
Both A and R are true and R is the correct explanation of A
B
Both A and R are true but R is NOT a correct explanation of A
C
A is true but R is false
D
A is false but R is true
Question 3
Which of the following are sources of growth?
A
Natural resources
B
Human capital
C
Physical capital
D
All of the above
Question 4
Assertion (A). Referred decisions are required to be made by the actions of a superior manager. In other words, these decisions are 'delegated up' by a subordinate. Reason (R). Initiative decisions are made by ambiguous managers who have high need for ac
A
Both (A) and (R) are true
B
Both (A) and (R) are false
C
(A) is false and (R) is true
D
(A) is true and (R) is false
Question 5
The Life Insurance in India was nationalised in the year-
A
1870
B
1956
C
1960
D
1966
Question 6
What is the time period within which the final assessment order should be passed?
A
Six months from the date of the provisional assessment.
B
Nine months from the date of the provisional assessment.
C
Three months from the date of the provisional assessment.
D
One year months from the date of the provisional assessment.
Question 7
Total sales is Rs. 7, 60, 000, cash sales Rs. 30, 000 collection period is 25 days, debtors at Balance Sheet date will be-
A
Rs. 80, 000
B
Rs. 70, 000
C
Rs. 60, 000
D
Rs. 50, 000
Question 8
Variance, if used to alert managers before time of problem is called
A
varied warning
B
times warning
C
managers warning
D
early warning
Question 9
A combination of software and information designed to provide security and information for payment is called a what?
A
digital wallet
B
pop up ad
C
shopping cart
D
encryption
Question 10
External factors such as expiration of basic patents and industry competition effect
A
patents premium
B
competition premium
C
company's beta
D
expiry premium
Question 11
The Market environment consists
A
Socio-economic
B
Technology
C
Competition
D
All of these
Question 12
Which one of the following is the condition of equilibrium for the monopolist?
A
MR=MC
B
MC=AR
C
MR=MC=Price
D
AC=AR
Question 13
The quantity of material to be ordered at one time is known as.....
A
Ordering quantity
B
commercial order quantity
C
economic order quantity
D
none of these
Question 14
Relationship between cost and cost drivers is
A
stationary
B
not stationary
C
intrinsic
D
extrinsic
Question 15
Accounting ratios can be expressed in the following forms: 1 Pure number
  • Percentage
  • Times
  • Fraction Select the correct answer using the codes given below
  • A
    1 and 2
    B
    1, 2 and 3
    C
    2 and 3
    D
    1, 2, 3 and 4
    Question 16
    Given: Epx = Percentage change in Qy / Percentage change in Px The above relationship is:
    A
    Arc Cross Price Elasticity
    B
    Cost Output
    C
    Cost Profit
    D
    Capital Budgeting
    Question 17
    Budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base to calculate
    A
    expected indirect cost rate
    B
    expected direct cost rate
    C
    budgeted indirect cost rate
    D
    budgeted direct cost rate
    Question 18
    What is an electronic representation of cash?
    A
    Digital cash
    B
    Electronic cash
    C
    E-cash
    D
    All of the above
    Question 19
    In cash flow estimation, depreciation is considered as
    A
    cash charge
    B
    noncash charge
    C
    cash flow discounts
    D
    net salvage discount
    Question 20
    The most widely used encryption standard is.....
    A
    Advanced Encryption Standard (AES)
    B
    Data Encryption Standard (DES)
    C
    Universal Encryption Standard (UES)
    D
    Optimal Encryption Standard (OES)
    There are 20 questions to complete.

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