10000 MCQ /questions on commerce questions answers
Quantitative expression, of action plan by management of firm for a specified period of time is classified as
NRV or net realizable value of inventory is the expected selling price or market value less
Carry value of the inventory
Expenses necessary to complete sale
Cost of the stock
Budgeting is difficult to apply in the following cases
Products subjected to rapid changes
Job order manufacturing
Uncertain market condition
All of the above
Ten rupees is the equilibrium price for good X. If government fixes the price at Rs.5, there is
Which one of the following functions is served most by information technology?
Replacement of human labour
Provision for a handle to the management to improve industrial relations
Substitution of human information processing
Rationalisation of office work
Where the signature of the drawer of a cheque is not genuine, such a cheque is called
post dated cheque
A Bull speculator is also called as.....
Federal Reserve policy and federal surplus or deficit of budget affect the
cost of production
cost of money
Net Profit = Gross Profit minus
Underlying all investments is the trade-off between.....
expected return and actual return
low risk and high risk
actual return and high risk
expected return and risk
..... is the gross inflow of economic benefits
What will be the amount carried forward as CGST/SGST from the earlier law and shown in the return filed for the period ending as on appointed date?
No amount will be carried forward from the earlier law
Amount which is admissible under earlier law but may not be admissible under GST
Amount which is admissible under GST but may not be admissible under earlier law
Amount which is admissible under both the GST and earlier law
In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are
factory overhead costs
manufacturing overhead costs
Idle capacity of a plant refers to the difference between.....
maximum capacity and practical capacity
practical capacity and normal capacity
practical capacity and capacity based on sales expectancy
maximum capacity and actual capacity
The basis for determining profit to be taken into account on incomplete contract is.....
cost of contract
percentage of work certified as done
Which of the following is the Regulator of the credit rating agencies of India?
Sale of old furniture will be recorded in
When transfer of property would be considered void?
Transaction is done to defraud the Government revenue
Transaction is done without the intention to defraud the Government revenue
Any of the above
None of the above
If NAV > market price of a fund, then the fund.....
is selling at a discount
is selling at a premium
is an index fund
is an exchange traded fund.
On an indifference map, if the income consumption curve slopes downwards to the right it shows that
Both X and Y are superior goods
Y is an inferior good
X is an inferior good
Both X and Y are inferior goods
There are 20 questions to complete.