Commerce online quiz 124

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
In which files records are stored one after another in an ascending or descending order determined by the key field of the records?
A
direct files
B
sequential files
C
both (A) & (B)
D
None of these
Question 2
Those cost which is incurred to prevent the labour turnover.....
A
management cost
B
replacement cost
C
preventive cost
D
compensation cost
Question 3
Who is primarily liable on a cheque?
A
Drawer
B
Paying banker
C
Collection banker
D
Everybody who touches the cheque
Question 4
Under Merrick's multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between..... of the standard output.
A
83% and 100%
B
100% and 120%
C
0% and 83%
D
none of these
Question 5
Conglomerates that combine many financial institutions within a single corporation are classified as
A
preferred service corporations
B
commercial service corporations
C
financial services corporations
D
common service corporations
Question 6
Mr. A is a daring portfolio manager. He wants to increase the return in his portfolio. He should choose stocks from.....
A
defensive industry
B
industry at a growth stage
C
industry in the maturity period
D
industry with more export potential
Question 7
Which of the following is NOT a type of cheque issued by an individual?
A
Bearer cheque
B
Order cheque
C
Crossed cheque
D
Savings cheque
Question 8
For inferior commodities, income effect is
A
Zero
B
Negative
C
Infinite
D
Positive
Question 9
In fund accounting, ..... fund can not be used for other purposes.
A
Recurring
B
Non-recurring
C
Restricted
D
Encumbering
Question 10
Which type of classification is based on date and time order?
A
Alphabetical classification
B
Numerical classification
C
Subject wise classification
D
Chronological classification
Question 11
The cost of erection of an old machine will be posted in the credit side of...
A
Cash Account
B
Machinery Account
C
Repairs and Renewal Account
D
None of the above
Question 12
Which of the following is not a credit rating agency?
A
WADA
B
Fitch
C
CRISIL
D
Moody
Question 13
Which of the following is not a characteristic of investments companies?
A
pooled investing
B
diversification
C
managed portfolios
D
reduced expenses
Question 14
Bad debts written off previously, if recovered subsequently
A
Credited to profit and loss account
B
Debited to profit and loss account
C
Credited to bad debts recovered account
D
Credited to debtors account
Question 15
Indirect material used in production is classified as.....
A
office overhead
B
selling overhead
C
distribution overhead
D
factory overhead
Question 16
Individual variable coefficient's multicollinearity leads to
A
decrease in variance
B
increase in variance error
C
increase in standard error
D
decrease in standard error
Question 17
Liability for bill discounted is a
A
Contingent liability
B
Fixed liability
C
Current liability
D
None of the above
Question 18
If opening stock is Rs. 8, 800, closing stock is Rs. 5, 280 and cost of goods sold is Rs. 91, 520, the amount of purchase will be
A
Rs. 77, 440
B
Rs. 82, 720
C
Rs. 88, 000
D
Rs. 72, 160
Question 19
Which one of the following is NOT true about capital expenditure?
A
Creates future benefits
B
Incurred to acquire fixed assets
C
Incurred to increase the economic life of existing fixed assets
D
Reduce the profit of the concern
Question 20
Which one of the following is the most important function of manager?
A
Communication
B
Directing
C
Supervising
D
Decision making
There are 20 questions to complete.

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