Commerce online quiz 133

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The time period for the disposal of an advance ruling application will be:
A
Within 30 days of the receipt of the application
B
Within 60 days of the receipt of the application
C
Within 90 days of the receipt of the application
D
Within 180 days of the receipt of the application
Question 2
Convertibility of the rupee implies....
A
Being able to convert rupees notes into gold
B
Allowing the value of the rupee to be fixed by market forces
C
Freely permitting the conversion of rupee to other major currencies and vice versa
D
Developing an international market for currencies in India
Question 3
During planning period, a marginal cost for raising a new debt is classified as
A
debt cost
B
relevant cost
C
borrowing cost
D
embedded cost
Question 4
Telephone expense is.expense.
A
Variable
B
semi-variable
C
fixed
D
none of these
Question 5
SAC Code Stands for
A
Services Accounting Code
B
Software Accounting Code
C
System Accounting Code
D
Service Application Code
Question 6
Labour cost variance is the difference between standard cost of labour and..
A
Budgeted cost of labour
B
Estimated cost of labour
C
Actual cost of labour
D
None of these
Question 7
"After inviting tenders for supply of raw materials, two quotations are received as follows-Supplier P Rs 2.20 per unit, Supplier Q Rs 2.10 per unit plus Rs 2, 000 fixed charges irrespective of the units ordered. The order quantity for which the purchase
A
22, 000 units
B
20, 000 units
C
21, 000 units
D
None of the above.
Question 8
Dismantling and demolition charges is a
A
Deferred Revenue expenditure
B
Capital expenditure
C
Revenue expenditure
D
None of the above
Question 9
Lower the Debt Equity ratio
A
Lower the protection to creditors
B
Higher the protection to creditors
C
It does not affect the creditors
D
None of the above
Question 10
Real risk-free interest rate in addition with an inflation premium is equal to
A
required interest rate
B
quoted risk-free interest rate
C
liquidity risk-free interest rate
D
premium risk-free interest rate
Question 11
Within relevant range, cost function which cost does not change in narrow ranges of activity is called
A
fixed cost function
B
variable cost function
C
step variable cost function
D
step fixed cost function
Question 12
If actual result is $25000 and flexible budget amount is $11000, then flexible budget amount is
A
$36, 000
B
$46, 000
C
$56, 000
D
$14, 000
Question 13
Consider the following statements:
  1. Managerial grid is an organizational concept that brings together teams of individuals from specialized jobs and departments for achieving specific results in defined periods of ti
A
1 only
B
Both 1 and 2
C
2 only
D
Neither 1 nor 2
Question 14
Arrange the following staffing procedure in the correct sequence
  1. Determining sources of personnel supply
  2. Preparing personnel specifications
  3. Selection of personnel
  4. Determining Personnel Characterist
A
(ii), (i), (iv) and (iii)
B
(i), (ii), (iii) and (iv)
C
(ii), (i), (iii) and (iv)
D
(ii), (iii), (i) and (iv)
Question 15
The Journal entry in which two or more account is debited or credited is referred to as
A
Journal entry
B
Multi entry
C
Additional entry
D
Compound entry
Question 16
The abbreviations SDR stands for
A
Special Drawing Rights
B
Specific Drawing Rights
C
Special Depository Rules
D
Specific Depository Rules
Question 17
Which of the following is a relative measure of dispersion?
A
Standard deviation
B
Variance
C
Co-efficient of variation
D
None of the above
Question 18
Which is the basic form of Innovation?
A
Introduction of novel production process
B
Improvement and development of existing process
C
Improvement and development of existing firm
D
All of the above
Question 19
Consider the following statements:
  1. Decentralisation and delegation are closely interrelated
  2. Delegation and decentralisation both are desirable
  3. Decentralisation is not suitable for large organisation
  4. De
A
1 and 2 are correct
B
2 and 3 are correct
C
1 and 4 are correct
D
1, 3 and 4 are correct
Question 20
Which of the following account with normal balance is shown at the debit side of a trial balance?
A
Rent income account
B
Creditors account
C
Unearned income account
D
Cash account
There are 20 questions to complete.

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