Commerce online quiz 142

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The expenses related to the main operations of a business are referred to as
A
Administration expense
B
Non-administration expense
C
Selling expense
D
Operating expense
Question 2
Tax audit is compulsory in case a person is carrying on business whose gross turnover/sales/receipts, as the case maybe, exceeds
A
Rs. 10 lakhs
B
Rs. 40 lakhs
C
1 crore
D
None of the above
Question 3
Every member of the IMF is required to subscribe to the fund an amount
A
Equivalent to its quota
B
More than its quota
C
Less than its quota
D
Equivalent to its borrowings
Question 4
In....., two piece rates are set for each job.
A
Merrick's multiple piece rate system
B
Rowan's Premium Plan
C
Taylor's differential piece rate system
D
none of these
Question 5
Which of the following is NOT the assumption of the Marginal Productivity Theory of Distribution?
A
Homogenity of a factor
B
Perfect competition in the factor market
C
All factors, except one, are variable
D
Given stock of each factor and full employment
Question 6
An association of 25 people not registered under the companies act, but carrying on business, is a/an.....
A
partnership
B
private company
C
public company
D
illegal association
Question 7
Normally a demand curve will have the shape
A
Horizontal
B
Vertical
C
Downward sloping
D
Upward sloping
Question 8
Every registered taxable person who is required to get his accounts audited under section 35(5) shall furnish electronically
A
Annual return
B
Audited copy of annual accounts
C
Reconciliation statement reconciling the value of supplies declared in the return and the financial statement
D
All of the above
Question 9
Banking company or Financial Institution have an option of claiming:
A
Only 50% Credit
B
Eligible Credit or 50% credit
C
Only Eligible credit
D
Eligible credit and 50% credit
Question 10
Validity period of "Demand draft" is-
A
6 months
B
12 months
C
3 months
D
8 months
Question 11
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?
A
SDR is the Unit of Account of IMF & Currency code is XDR
B
Asian Development Bank (ADB) also uses SDR as its Currency
C
SDR can be exchanged only for US Dollar, British Pound, and Euro & Japanese Yen
D
None of the above
Question 12
Payment made to creditors is a
A
capital receipt
B
capital expenditure
C
revenue receipt
D
revenue expenditure
Question 13
A bus carries 25 passengers daily for 25 days and its mileage per month is 1000 kms. Its passenger miles are
A
30, 000
B
12, 500
C
20, 000
D
25, 000
Question 14
Where the work is undertaken to Customers' special requirements and each order is of comparatively short-duration, it is called.....costing.
A
Job
B
batch
C
operation
D
output
Question 15
The RBI has prescribed that a new private sector bank.....
A
shall be subject to prudential norms in regard to income recognition, asset classification and provisioning, capital adequacy etc
B
shall have to observe priority sector lending targets as applicable to other domestic banks
C
will be required to open rural and semi-urban branches also as may be laid down by RBI
D
All of these
Question 16
Legal entity separation from its legal owners and managers with help of state laws is classified as
A
controlled corporate business
B
Corporation
C
limited corporate business
D
unlimited corporate business
Question 17
The maximum number of partners in a firm carrying on banking business is.....
A
7
B
10
C
50
D
20
Question 18
'360' degree method relates to
A
Performance appraisal
B
Organization Climate
C
Employees moral
D
Retrenchments
Question 19
If the coefficient of correlation is+ 0 it indicates?
A
perfect correlation
B
Absence of correlation
C
Limited degree of correlation
D
High degree of correlation
Question 20
Paid dividend with dividend yield 25% is Rs 5 then cost price would be
A
30.00%
B
Rs 30.00
C
20.00%
D
Rs 20.00
There are 20 questions to complete.

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