10000 MCQ /questions on commerce questions answers
The maximum amount with which a company is registered is called
Paid up capital
Called up capital
Tendency of measuring correlation of two variables is classified as
Goodwill is classified as which one of the following assets?
An example of a derivative security is.....
a common share of General Motors
a call option on Mobil stock
a commodity futures contract
B and C
..... were the pioneers of the co-operative movement.
Rochdale Society of Equitable Pioneers
Common Purpose Society
Mutual Help Society of Pioneers
In order to control credit-
CRR should be increased and Bank Rate should be decreased
CRR should be decreased and Bank Rate should be decreased
CRR and Bank Rate should be increased
CRR should be decreased and Bank Rate should be increased
Overriding commission is generally calculated on
Cash sale only
Total sales exceeding invoice value/cost
None of the above
Cash flow which starts negative then positive than again positive cash flow is classified as
non-normal cash flow
normal cash flow
XYZ firm has imported a machine from abroad. Which of the following is NOT the element of the machine's cost?
Purchase price of machine
The minimum wage is an example of
Efficiency of labour
In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as
under allocated indirect cost
over allocated direct cost
over allocated budget
under allocated budget
Which of the following speculators expect fall in the prices of securities in the near future?
Non-availibility of goods
High price of goods
Less supply than demand
High profit of the firms
If sales budget variance is $57000 and flexible budget amount is $97000, then static budget amount will be
The limitation period for the completion of assessment in respect of un-registered persons?
Within 1 year from the due date of filing of the annual return.
Within 3 years from the due date of filing of the annual return.
Within 5 years from the due date of filing of the annual return.
None of the Above
A higher indifference curve shows
A higher level of satisfaction
A higher level of production
A higher level of income
None of the above
A feasible effect of international trade is that a (an)
Monopoly in the home market becomes an oligopoly in the world market
Oligopoly in the home market becomes a monopoly in the world market
Purely competitive firm in the home market becomes an oligopolist
Purely competitive firm in the home market becomes a monopolist
115: Match List I with List II and select correct answer using the codes given below: List I List II a. Real Accounts I. Dr. the receiver Cr. the giver b. Nominal Accounts II. Dr. what comes in Cr. what goes out c. Personal Accounts Ill. Dr. all expenses
a b c III II I
a b c I III II
a b c II III I
a b c I II III
Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as
What is type of test?
All of the above
There are 20 questions to complete.