Commerce online quiz 113

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
119: Which of the following aspects of revenue recognition is not dealt by AS-9?
A
Revenue arising from construction contracts
B
Revenue arising from hire-purchase, lease agreements
C
Revenue arising from governments grants and other similar subsidies
D
All of the above
Question 2
What are the characteristics of the loans provided by the International Development Association (IDA) to member countries?
A
They are on liberal terms with regard to the rate of interest
B
They are on liberal terms with regard to the period of repayment
C
They can be repaid in the currency of the member country
D
All of the above
Question 3
Human resource can be thought of as "the total knowledge, skill, creative abilities, talents and attitudes of an organisation's work force as well as the value attitudes and beliefs of the individuals involVed." Who gave this statement?
A
Leon C. Megginson
B
Merton
C
Philip Kotler
D
D. Philopho
Question 4
On 29th August 2011, RBI revealed its draft guidlines for licencing of new banks in the private sector. It insisted that the new private banks need Rs......crores capital to initiate a bank.
A
100
B
200
C
400
D
500
Question 5
Rational traders immediately sell stock when price is
A
conditional
B
inefficient portfolio
C
too low
D
too high
Question 6
Which of the following methods of stock control aims at concentrating efforts on selected items of material?
A
Perpetual inventory system
B
Material turnover ratio
C
Level setting
D
ABC analysis
Question 7
Del-credere Commission is allowed to cover
A
All types losses
B
Abnormal loss
C
Normal loss
D
None of the above
Question 8
More MCQs on Foreign Exchange Management 1. Exchange rate between currency A and currency B, given the values of currencies A and B with respect to a third currency is known as
A
Golden standard
B
Flexible exchange rate
C
Fixed exchange rate
D
Cross exchange rate A
Question 9
operating costing is a.....
A
method of costing
B
technique of costing
C
norm of costing
D
procedure of costing
Question 10
Default Bench of Tribunal will be:
A
3 members Bench consisting of One Member (Judicial), One Technical Member(CGST) and One Member Technical(SGST)
B
5 members Bench consisting of One Member (Judicial), One Technical Member(CGST) and One Member Technical(SGST)
C
3 members Bench consisting of One Member (Judicial), One Technical Member(CGST) and One Member Technical(SGST)
D
At least 2 member Bench consisting of National/State President and One Technical Member
Question 11
Which committee has recommended creation of a separate category of NBFCs operating in the microfinance sector to be designated as NBFC-MFIs (Non-Banking Finance Company-Micro Finance Institutes)?
A
C. Ranga Rajan
B
Chandra Sekhar
C
Y. H. Malegam
D
Tarapore
Question 12
Though ULIPs (Unit Linked Insurance Plan) are considered to be a better investment vehicle it has failed to capture the imagination of the retail investors in India because of which of the following reasons?
A
Regulatory jurisdictional fight between SEBI and IRDA
B
They don't offer better tax benefits
C
They offer lesser returns compared to traditional insurance policies
D
All of the above
Question 13
Which one of the following is not eligible to be Satellite Dealers (SDs)?
A
Subsidiaries of Scheduled Commercial Banks
B
All-India Financial Institutions (AIFIs)
C
Partnersip Firms with minimum net owned funds of Rs. 5 crore
D
Companies incorporated under Companies Act, 1956 with minimum net owned funds of Rs. 5 crore.
Question 14
Identify the well known person related to Banking field in India from the following?
A
Mrs. Meira Kumar
B
Mrs. Kiran Shaw
C
Mr. Arun Jaitley
D
Dr. D subbarao
Question 15
A tighter probability distribution shows the
A
higher risk
B
lower risk
C
expected risk
D
peaked risk
Question 16
CIF stands for
A
Cost, interest, freight
B
Cost, income, freight
C
Cost, insurance, freight
D
Customs, insurance, freight
Question 17
The net income of the company should ideally be..... times of the fixed internal charges.
A
3 or 4
B
4 or 5
C
5 or 6
D
6 or 7
Question 18
Inflated price method of valuing material issues is suitable when
A
Materials are subject to natural wastage
B
prices rise
C
prices fall
D
none of these
Question 19
SDR's are popularly known as
A
Currency Notes
B
Paper Gold
C
Silver Coin
D
Gold Coin
Question 20
In process costing, the abnormal loss is treated as.....cost and written off to profit & loss account.
A
Unit
B
period
C
future
D
process
There are 20 questions to complete.

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