10000 MCQ /questions on commerce questions answers
Put into chronological order on the basis of development: l. Law of demand
Law of indifference Law of diminishing marginal utility Revealed preference curve Indifference curve
1 3 4 2 5
1 5 3 4 2
1 3 2 5 4
1 2 3 4 5
Which one is an offline payment mode?
Cash on delivery
Cash before delivery
Both a and b
In case of retirement of a partner, the total amount of good will is credited to the account of-
The retiring partner only
The remaining partners only
All the partners
None of these
Business risks can be.....
When the price of a substitute of X commodity falls, the demand for X
Any of the above
budget gives different budgeted costs for different levels of activity.
all of these
Gross profit is equal to
Opening stock + purchases-closing stock
Sales-Closing stock + purchases
Sales-Cost of goods sold
has an embedded circuit with micro processor chip embedded in it so that it could perform calculations maintain records and act as electronic pursue
has built in facility for protection against fraudulent operations
can either be rechargeable or exchangeable
LIFO method of pricing of materials is more suitable when.....
material prices are rising
material prices are falling
material prices are constant
material prices are fluctuating
Which of the following statement is true
The currency notes issued by RBI are legal tender throughout the world.
The treasury bills are sold by the RBI for raising its working capital.
All commercial banks, including those owned by government, do not need a licence from the RBI to do banking business.
The RBI is a banker to both central and state governments
Under law of demand
Price of commodity is an independent variable
Quantity demanded is a dependent variable
Reciprocal relationship is found between price and quantity demanded
All of the above
Which of the following an accurate statement about internet phone calls?
They are possible but not yet free
They are not possible
They are currently standard practice
None of the above is an accurate statement about internet phone calls
Statement of cash flows are included
all of above
Over-capitalization results from.....
payment of excessive amount for goodwill
underestimating the rate of capitalization
raising more money than can be profitably used
raising only the money
In banking world when a loan given by a bank to an individual or organization is not returned by the borrower wishingly or otherwise, it is known as.....
None of the above
..... is the withdrawal of cash and goods by the owner of the business for his/her personal use
Outflow of cash
Which one of the following factors does NOT influence wage and salary structure?
Cost of living
The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the asset, is termed as
None of the above
A major difference between individual and institutional investors is their very different.....
approaches to market analysis
evaluations of return
types of securities held in their portfolios
Using 'lower of cost and net realisable value' for the purpose of inventory valuation is the implementation of which of the following concepts?
The going concern concept
The separate entity concept
The prudence concept
There are 20 questions to complete.