Commerce online quiz 126

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Capacity Ratio =
A
Number of actual working days in a period x 100 Number of working days in the budget period
B
Actual hours worked x 100 Budgeted hours
C
Standard hours for actual production x 100 Actual hours worked
D
Standard hours for actual production x 100 Budgeted standard hours
Question 2
In which year, the Forward Contracts (Regulation) Act was enacted in India?
A
1950
B
1952
C
1962
D
1975
Question 3
Who defined Economics as a 'science which studies human behaviour as a relationship betweeen ends and means which have alternative uses'?
A
L. Robbins
B
Alfred Marshall
C
Joan Robinson
D
Paul A. Samuelson
Question 4
Foreign direct Investment is prohibited in which of the following sector of India under Govt Route as well as the Automatic Route?
A
Business of Chit Fund
B
Housing and Real estate Business
C
Manufacture of cigars and tobacco substitutes
D
All of the above
Question 5
The MRTP Act of 1969 was abolished in
A
1991
B
2002
C
2006
D
None of the above
Question 6
The margin for a currency future should be maintained with the clearinghouse by
A
The buyer.
B
The seller.
C
Both the buyer and the seller.
D
Either the buyer or the seller as per the agreement between them.
Question 7
Management Planning process begins with-
A
Policies
B
Programme
C
Goals and objectives
D
Procedure
Question 8
Which of the following statement are true in respect of working capital?
A
Gross Working Capital is the sum of the total current assets
B
Net working capital represents current assets-current liablities
C
Net working capital can be negative
D
All the above
Question 9
Repo rate is the rate at which?
A
The RBI takes money from banks
B
Banks take money from the RBI
C
One bank takes money from another bank
D
The Government takes money from RBI
Question 10
If difference in costs is $32000 and slope coefficient is 0.40, then difference in machine hours would be
A
$80, 000
B
$12, 800
C
$70, 000
D
$22, 800
Question 11
Which of the following are examples of flexible working practices?
  1. Part-time work.
  2. Parental leave.
  3. Flexible hours arrangement.
  4. Career break.
A
1, 2
B
1, 3
C
1, 2, 3
D
All 1, 2, 3, 4
Question 12
Financial services at affordable costs to the sections of disadvantaged and low-income group of society is called as-
A
Financial Inclusion
B
Fiancial Stability
C
Deflation
D
Good trade
Question 13
Which reserve is not shown in the Balance sheet?
A
Secret reserve
B
General reserve
C
Capital reserve
D
All of the above
Question 14
What is time of supply of goods under CGST Act, 2017?
A
Date of issue of invoice Time and Value of Supply 23 Indirect Taxes Committee
B
Date of receipt of consideration by the supplier
C
Date of dispatch of goods
D
Earlier of (a) & (b)
Question 15
Example/Examples for Deemed Supply of Services
A
Renting of Immovable Property and Temporary Transfer of Intellectual Property Right
B
Works contract
C
Services of Aggregators
D
All of the Above
Question 16
The minimum amount called on application for issue of shares is----of face value.
A
5%
B
25%
C
30%
D
40%
Question 17
Fifth step in quantitative analysis of estimating cost function is to
A
estimate cost function
B
estimate price function
C
estimate supply function
D
estimate demand function
Question 18
In accounting, cost which is predicted to be incurred or future cost is known as
A
past cost
B
incurred cost
C
actual cost
D
budgeted cost
Question 19
Another term of PERT is
A
CPM
B
POSDCORB
C
MBO
D
HRM
Question 20
Suppose the short run cost function can be written as TC=250 + 10Q. Average fixed cost equals
A
250/Q
B
250
C
10
D
250/Q + 10
There are 20 questions to complete.

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