Commerce online quiz 15

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Zero Rated Supply means:
A
No OPT Liability.But, eligible for IPT Credit
B
No OPT Liability and No IPT Credit
C
Both OPT Liability and IPT Credit
D
None of the Above
Question 2
Diminishing marginal utility is the basis of
A
Law of supply
B
Law of demand
C
Law of returns
D
None of the above
Question 3
When Commissioner is not required to serve fresh notice to recover the Government dues?
A
Demand amount is reduced
B
Already proceedings of recovery of Government dues is served before disposal of appeal, revision of application or other proceedings
C
Demand amount is enhanced
D
Both (a) and (b)
Question 4
What is called to buying of shares by taking money from brokers?
A
Margin trading
B
Curb dealing
C
Badla
D
Forward
Question 5
Except life insurance generally the maximum term of other insurance is......
A
12 months
B
24 months
C
6 months
D
36 months
Question 6
A helpful technique, for accurate forecasts about costs to be incurred in future is a part of
A
unit estimation
B
production estimation
C
cost estimation
D
price estimation
Question 7
The prescribed time period for the disposal of a refund application in GST will be:
A
Within 180 days
B
Within 90 days
C
Within 60 Days
D
Within 30 Days
Question 8
Which of the following transaction is inter-state supply of goods involving movement of goods?
A
Location of supplier is in Bangalore and location of recipient is in Mumbai
B
Location of supplier is in Bangalore and place of supply is Mumbai
C
Location of supplier and place of supply is Bangalore
D
None of the above
Question 9
Which of the following is the best example of Agreement between Oligopolists
A
GATT
B
OPEC
C
WTO
D
UNIDO
Question 10
Income and expenses for the year 2012 are-Fee Received in Cash-Rs.24, 000 Accrued Fee-Rs.6, 000 Rent for Chamber Paid-Rs.6, 000 Outstanding Rent-Rs.2, 000 Salary Paid to Staff-Rs.6, 000 Miscellaneous Expenses Paid-Rs.200 Salary paid in advance to
A
Rs. 11, 800
B
Rs. 13, 200
C
Rs. 16, 800
D
Rs. 30, 000
Question 11
Cash reserve ratio is maintained in the form of
A
Government securities
B
Balance with RBI
C
Balance with state bank of India
D
All of the above
Question 12
Which member of the world bank group launched the Indian Rupee Denominated bond, may be the first step towards internationalization of the Indian currency?
A
IBRD
B
IDA
C
IFC
D
IMF
Question 13
Pollution monitoring and control is done by
A
Central board of prevention and control of water Pollution
B
Central Pollution Control Board (CPCB)
C
Central government
D
None of the above
Question 14
Which one of the following does not include under the functions of human resource management?
A
Planning
B
Profitability
C
Organising
D
Recruitment
Question 15
Which is used to identify mobile money?
A
MCID
B
MMID
C
RSID
D
NONE OF THE ABOVE
Question 16
The preference shares which cannot be converted into equity shares are..... preference shares.
A
cumulative
B
non-cumulative
C
redeemable
D
non-convertible
Question 17
106: Which of the following is not deferred revenue expenditure?
A
Heavy advertisement expenditure.
B
Expenses incurred in removing the business to more convenient premises.
C
Preliminary expenses.
D
Depreciation on fixed assets.
Question 18
An inflation rate including in quoted interest rate on security, is inflation rate
A
expected over security life
B
expected at deferred call
C
at bond issuance
D
expected at time of maturity
Question 19
Which are the places of business / premises which can be inspected by the proper officer under this section?
A
Any places of business of a taxable person
B
Any places of business of a taxable person engaged in the business of transporting goods
C
Any places of business of an owner or an operator of a warehouse or godown
D
All of the above
Question 20
Which one of the step is not included under the step of marketing programming process?
A
Developing the marketing mix
B
Selection of market targets
C
Setting objectives
D
Market response
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *