# Commerce online quiz 157

By | August 21, 2018

## 10000 MCQ /questions on commerce questions answers

 Question 1
The following are causes of shift in demand EXCEPT
 A Change in income B Change in price C Change in fashion D Change in prices of substitutes
 Question 2
After-the-fact rate of return often consider as realized or actual can be denoted
 A s hat r B r bar s C r hat s D s bar r
 Question 3
Which of the following inventory valuation methods show higher profits during the period of rising prices?
 A FIFO B LIFO C Weighted average cost method D Simple average method
 Question 4
Stock option is considered more valuable in situation when stock have
 A price hike in market B market stability C not volatile D highly volatile
 Question 5
If the threat of substitute products or services is low it is a(n):
 Question 6
Which of the following securities proves a burden on finances of the company, when company is not earning profits?
 A Equity shares B Preference shares C Redeemable preference shares D Debentures
 Question 7
Suppose a Canadian firm imports bananas of $1000 and shells them for$ 2000 the effect on GDP would be
 A The GDP will decrease by $3000 B The GDP will increase by$ 3000 C The GDP will increase by $2000 D The GDP will increase by$ 1000
 Question 8
Currency notes deposited in the currency chest are the property of.....?
 A Respective bank B RBI C SBI D Government of India
 Question 9
Process a/c is.....
 A nominal a/c B a real a/c C personal a/c D either nominal or real a/c
 Question 10
The registered recipient must issue an invoice in the following cases:
 A The supplier fails to issue an invoice; B The supplier is unregistered. C The goods or services received notified for tax on reverse charge basis; D All of the above.
 Question 11
Where is the headquarter of Federal Bank.....
 A Pune B Kochi C Hyderabad D Mumbai
 Question 12
What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991?
 A VRS to shed the excess load of workers B Disinvestment of public sector share holding C Referring sick units to BIFR D All of the above
 Question 13
Difference between final sales value and separable costs is equal to
 A net income B net realizable value C Gross margin D Gross realizable value
 Question 14
What are the offences which cannot be permitted to compound in GST?
1. Repetition of the offences serial numbered as 1 to 7 u/s.73
2. Repetition of the abetment in the case of the major offences listed u/s.73
 A i, ii & iii B i, ii & iv C ii, iii & iv D i, ii, iii & iv
 Question 15
Motivational process and not the motivators as such is associated with the
 A Need hierarchy theory B Two-factor theory C ERG Theory D Expectancy theory
 Question 16
..... is an important consideration for setting up an office.
 A Office accommodation B Office location C Closed office D Public office
 Question 17
Process costing is also known as.costing.
 A multiple B batch C Continuous D job
 Question 18
Should receipt be given when samples are taken by the department?
 A Yes B No C No need for receipt D None of the above
 Question 19
Which of the following is non-profit organization?
 A Sole proprietorship B Partnership C Limited company D Trust
 Question 20
Which of the following is not a characteristic of a 'price taker'?
 A TR = P x Q B AR = Price C Negatively sloped demand D Marginal Revenue = Price
There are 20 questions to complete.