10000 MCQ /questions on commerce questions answers
The expenses related to the main operations of a business are referred to as
Tax audit is compulsory in case a person is carrying on business whose gross turnover/sales/receipts, as the case maybe, exceeds
Rs. 10 lakhs
Rs. 40 lakhs
None of the above
Every member of the IMF is required to subscribe to the fund an amount
Equivalent to its quota
More than its quota
Less than its quota
Equivalent to its borrowings
In....., two piece rates are set for each job.
Merrick's multiple piece rate system
Rowan's Premium Plan
Taylor's differential piece rate system
none of these
Which of the following is NOT the assumption of the Marginal Productivity Theory of Distribution?
Homogenity of a factor
Perfect competition in the factor market
All factors, except one, are variable
Given stock of each factor and full employment
An association of 25 people not registered under the companies act, but carrying on business, is a/an.....
Normally a demand curve will have the shape
Every registered taxable person who is required to get his accounts audited under section 35(5) shall furnish electronically
Audited copy of annual accounts
Reconciliation statement reconciling the value of supplies declared in the return and the financial statement
All of the above
Banking company or Financial Institution have an option of claiming:
Only 50% Credit
Eligible Credit or 50% credit
Only Eligible credit
Eligible credit and 50% credit
Validity period of "Demand draft" is-
One of the Primary functions of IMF is to provide short term capital assistance to member countries through SDR (Special Drawing Rights). What is NOT true about SDR?
SDR is the Unit of Account of IMF & Currency code is XDR
Asian Development Bank (ADB) also uses SDR as its Currency
SDR can be exchanged only for US Dollar, British Pound, and Euro & Japanese Yen
None of the above
Payment made to creditors is a
A bus carries 25 passengers daily for 25 days and its mileage per month is 1000 kms. Its passenger miles are
Where the work is undertaken to Customers' special requirements and each order is of comparatively short-duration, it is called.....costing.
The RBI has prescribed that a new private sector bank.....
shall be subject to prudential norms in regard to income recognition, asset classification and provisioning, capital adequacy etc
shall have to observe priority sector lending targets as applicable to other domestic banks
will be required to open rural and semi-urban branches also as may be laid down by RBI
All of these
Legal entity separation from its legal owners and managers with help of state laws is classified as
controlled corporate business
limited corporate business
unlimited corporate business
The maximum number of partners in a firm carrying on banking business is.....
'360' degree method relates to
If the coefficient of correlation is+ 0 it indicates?
Absence of correlation
Limited degree of correlation
High degree of correlation
Paid dividend with dividend yield 25% is Rs 5 then cost price would be
There are 20 questions to complete.