Commerce online quiz 152

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Organisation is the foundation of management.'' This statement is given by-
A
Henry Ford
B
Haney
C
Keeling
D
Lansberry Fish
Question 2
Higher level of production leads to
A
higher repair cost
B
higher setup cost
C
lower repair cost
D
higher setup cost
Question 3
The balance of payments of a country on current account is equal to
A
Balance of trade plus short term
B
Balance of trade plus net invisible exports
C
Balance of payment minus capital flows
D
Balance of invisible trade plus imports
Question 4
Audit fess is a part of.....
A
works on cost
B
selling overhead
C
distribution overhead
D
administration overhead
Question 5
Commission to promote credit sale by consignee is known as
A
Del credere commission
B
Over riding commission
C
Ordinary commission
D
Special commission
Question 6
Which one of the following ratios is likely to be affected the most on account of price level changes?
A
Current Ratio
B
Inventory Turnover Ratio
C
Debtors' Turnover Ratio
D
Fixed Assets Turnover Ratio
Question 7
Translation loss is
A
A loss to the parent company.
B
A loss to the subsidiary company.
C
A notional loss.
D
An actual loss.
Question 8
Exchange rate between currency A and currency B, given the values of currencies A and B with respect to a third currency is known as
A
Golden standard
B
Flexible exchange rate
C
Fixed exchange rate
D
Cross exchange rate A
Question 9
Capital gain is Rs 2 and beginning price is Rs 24 then capital gains yield will be
A
22.00%
B
24.00%
C
14.00%
D
12.00%
Question 10
Place of supply where the goods are assembled or installed?
A
Place of supplier
B
Place of recipient
C
Place of transporter
D
Place of the such assembly or installation
Question 11
Which of the following cannot be called as a value Added Service offered by bank?
A
Special Accounts for poor sections of society
B
Accident Insurance Cover
C
Instant credit of outstations cheques
D
Free cheque books
Question 12
RBI issued uniform accounting standards for ARCs with regard to acquiring non-performing loans, recognizing revenue and management fees to ensure common treatment for firms. ARC stands for?
A
Asset Roll Companies
B
Area Reconstruction Companies
C
Asset Reconstruction Companies
D
Asset Reconstruction Co-ordinates
Question 13
When will the inputs and/or capital goods sent to job-work become a supply?
A
When the inputs and/or capital goods sent to job-worker are not received within 1 year or 3 years respectively
B
When the inputs and/or capital goods sent to job-worker are not supplied, with or without payment of ta, x from the job-workers place within 1 year or 3 years respectively
C
Both under (a) or (b)
D
None of the above
Question 14
When the completion stage of a contract is less than 1/4, the total expenditure on the contract is transferred to.....account.
A
Work-in-Progress
B
Profit and loss account
C
miscellaneous account
D
none of these
Question 15
An aggressive share would have a beta
A
Equal to Zero
B
Greater than one
C
Less than Zero
D
Equal to one
Question 16
The economist's objections to monopoly rest on which of the following grounds?
A
There is a transfer of income from consumers to the monopolist
B
There is welfare loss as resources tend to be misallocated under monopoly
C
Both A and B are incorrect
D
Both A and B are correct
Question 17
The strike price under an option is
A
The price at which the option is auctioned
B
The exchange rate which the currencies are agreed to be exchanged under the contract
C
Lower of the market price and the agreed price
D
None of the above
Question 18
What is the effect if the parliament annuls the rules/ notifications issued by government?
  1. It is as good as no rules/ notifications were issued by the government
  2. The rules/ notifications issued by the government
A
Only (i) & (ii)
B
Only (ii) & (iii)
C
Only (ii) & (iv)
D
Only (iii) & (iv)
Question 19
Wage sheet is prepared by.....
A
time keeping department
B
personnel department
C
payroll department
D
cost accounting department
Question 20
obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation of production.
A
ABC Analysis
B
JIT Inventory System
C
VED Analysis
D
Perpetual Inventory System
There are 20 questions to complete.

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