Commerce online quiz 158

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Insurable interest must be present at the time of insurance proposal and payment of claims in-
A
Fire Insurance
B
Marine Insurance
C
Life Insurance
D
Motor Insurance
Question 2
A partnership firm cannot raise funds by.....
A
bank loan
B
Partner loan
C
debentures
D
partner capital
Question 3
..... heads and conducts the affairs of RBI:
A
Central Board
B
Local board
C
Regional board
D
All of the above
Question 4
A business cannot be all things to all people. Instead, a business must:
A
Identify target customers
B
Identify the value of products/services as perceived by customers
C
all of the above
D
None of the above
Question 5
Which term is not associated with banking operations.....
A
Repo rate
B
Prime Lending Rate
C
Equator
D
None of these
Question 6
Debtors turnover ratio is 4. What is the average collection period?
A
5 months
B
4 months
C
3 months
D
2 months
Question 7
Bonds that can be converted into shares of common stock are classified as
A
convertible bonds
B
stock bonds
C
shared bonds
D
common bonds
Question 8
Basis of apportionment of stores service expenses is..
A
Value of materials consumed
B
units of material consumed
C
products produced
D
none of these
Question 9
The return component that gives periodic cash flows to the investor is known as the.....
A
capital gain
B
interest rate
C
yield
D
unrealized gain.
Question 10
Tax invoice must be issued by.....
A
Every supplier
B
Every taxable person
C
Registered persons not paying tax under composition scheme
D
All the above
Question 11
Principle of maximum aggregate benefit is concerned with..
A
Growth of library
B
Library use
C
Library service
D
Library fee
Question 12
Which of the following accounts is not a real account
A
Building account
B
Bank account
C
Closing stock account
D
Goodwill account.
Question 13
Contraction of demand is the result of
A
Decrease in the number of consumers
B
Increase in the price of the commodity concerned
C
Increase in the prices of other goods
D
Decrease in the income of purchasers
Question 14
A manufacturer of exempted and non-exempted goods or a service provider of exempted and taxable services are entitled to Cenvat credit under sub-section (4) section 140 on
A
All goods whether in stock or in finished goods or in semi-finished goods is eligible
B
Only goods directly pertaining to non-exempted goods or taxable services is eligible
C
Only proportionate credit based on the previous year turnover of non-exempted goods or taxable services is eligible
D
No credit is available in such cases
Question 15
In which of the following, interest / dividend is payable even if the company does not earn profit?
A
Equity capital
B
Preference capital
C
Debentures
D
All of above
Question 16
What does creditors turnover ratio take into account?
A
Total credit sales
B
Total credit purchase
C
Total cash sales
D
Total cash purchases
Question 17
Accounting is a language of.....
A
business
B
commerce
C
economics
D
none of these
Question 18
What automates business processes?
A
Workflow
B
ASP
C
Workflow system
D
EIP
Question 19
Guarantee for employer for the loss out of employee's dishonest is.....
A
Burglary insurance
B
Fidelity insurance
C
third party insurance
D
medical insurance
Question 20
Static budget amount is subtracted from flexible budget amount to calculate the
A
sales budget variance
B
cost budget variance
C
resultant budget variance
D
static budget variance
There are 20 questions to complete.

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