10000 MCQ /questions on commerce questions answers
The firm under perfect competition will be in short-run equilibrium when
Rising marginal cost is equal to the minimum average cost
Marginal revenue is equal to rising marginal cost
Average revenue is equal to average cost
Marginal revenue is equal to the falling marginal cost
If a good is a luxury, its income elasticity of demand is
Positive and less than 1
Negative but greater than 1
Positive and greater than 1
Which of the following is not considered to be one of the three phases of e-commerce?
For each component of capital, a required rate of return is considered as
asset depreciation value
Type of provision which allows an orderly retirement of an issued bond which is classified as
whole call provision
super fund provision
floating fund provision
sinking fund provision
Contingent liability is shown
on the liability side of the balance sheet
on the asset side of the balance sheet
in the profit and loss account
below the balance sheet as a foot note.
Which one of the following concepts states that the publication or presentation of financial statements should not be delayed?
Investment in which of the following is most risky?
Suppose, One Partner retires from a partnership firm without giving any intimation to that effect within 30 days of the retirement, what will be its effect?
Liability on tax arrears, if any, will continue up to the intimation to the Commissioner
Liability only up to the actual date of retirement
Liability will be shifted to the new partners and existing partners
None of the Above
Income tax is rounded off to
Nearest ten rupees
Nearest one rupee
No rounding off of tax is done
None of the above
In automobile, costing is used
The..... co-operative societies are established for the benefit of small producers.
A retirement plans funded for workers by corporations, administered and commercial banks are classified as
Chance of happening any unfavourable event in near future is classified as
Protective covenant devised in market to reduce event risk and to control debt cost is classified as
super poison covenant
super poison put
super poison call
super poison redemption
A public company can start its business operations after getting-
Certificate of Incorporation
Certificate of Commencement of Business
Permission of the Controller of Capital Issue
Which one of the following is the oldest form of organization?
Line and Staff organization
ITC is allowed on tax paid on capital goods in..... instalments in GST
The most common method used for marketing of new securities is.....
sale of existing shareholders
stock exchange placing
direct sale to public through prospectus
sale to biometers
Assertion (A): It is the duty of the auditor to see that costing records as required under Section Act, 209(1)(d) of the Companies Act, 1956, have been maintained by certain class of companies. Reason (R): Mere maintenance of cost records does not make
Both A and R are true and R is the correct explanation of A
Both A and R are true but R is NOT a correct explanation of A
A is true but R is false
A is false but R is true
There are 20 questions to complete.