# Commerce online quiz 167

By | August 21, 2018

## 10000 MCQ /questions on commerce questions answers

 Question 1
Under which act does RBI issue directives to banks?
 A PMLA Act, 2002 B RBI Act, 1934 C DICGC Act, 1961 D Banking Regulation Act, 1949
 Question 2
Treasury yielded by bond is 7% and market required return is 13% then market risk premium will be
 A 2.16% B 20.00% C 6.00% D 0.53%
 Question 3
A specialised agency of the UNO can claim refund of tax paid on.....
 A Intra-State supply of goods and/or services B Inter-state supply of goods and/or services C Inward supply of goods and/or services D All of the above
 Question 4
Mechanistic Structures are designed to-
 A promote flexibility and quick responses to fast changing situations B induce people to behave in predictable and accountable manner C make people happy by assigning specific tasks to them D perform assigned tasks within the scheduled time
 Question 5
Which one of the following is correct
1. A ratio is an arithmetical relationship of one number to another number.
2. Liquid ratio is also known as acid test ratio.
3. Role of thumb for current ratio is 2: 1
 A Only (i), (ii) and (iii) are correct. B Only (ii), (iii) and (iv) are correct. C Only (ii) and (iii) are correct. D All of the above.
 Question 6
Consider the following documents? (a) Audit Report (b) Audit Note-book (c) Audit Programme (d) Audit Files The correct sequence in which the Auditor prepares these documents is?
 A (c) (b) (d) (a) B (d) (c) (a) (b) C (c) (a) (d) (b) D (a) (b) (c) (d)
 Question 7
Salary paid to general manager is an item of.....expenses.
 A Fixed B Variable C semi-variable D estimated
 Question 8
..... layout is not flexible.
 A Product B stationary C functional D combined
 Question 9
Amount incurred on electric installations of a new building is
 A revenue expenditure B Capital expenditure, C Deferred revenue expenditure D capital loss
 Question 10
If flexible budget amount is $82000 and actual result is$45000 then flexible budget amount will be
 A $97, 000 B$87, 000 C $27, 000 D$37, 000
 Question 11
The jurisdiction of a state settlement commission will be:
 A Single State Only B One or More States C Either of the Above D None of the Above
 Question 12
If any by-product is produced and sold it is credited to.....
 A profit and loss a/c B by-product a/c C process a/c D abnormal gain a/c
 Question 13
In income statement, gross profit is always equal to
 A Sales-expenses B Income-expenses C Sales-cost of goods sold D Sales-selling costs
 Question 14
Who propounded the opportunity cost theory of international trade?
 A Ricardo B Marshall C Heckscher & Ohlin D Haberler
 Question 15
For estimation of each cost pool for cost function, attention must be paid to
 A cost object hierarchy B management hierarchy C price hierarchy D cost hierarchy
 Question 16
Drawings by owner of business are generally recorded on which of the following side of a cash book?
 A Receipts B Payments C Incomes D Expenditures
 Question 17
At shut down point
 A Price is equal to AVC B Total revenue is equal to TVC C Total loss of the firm is equal to TFC D All of the above
 Question 18
Gross domestic product, world economy strength and level of inflation are factors which is used to determine
 A market realized return B portfolio realized return C portfolio arbitrage risk D arbitrage theory of return
 Question 19
Expected capital gain is Rs 20 and expected final price is Rs 50 then original investment will be
 A Rs 30.00 B -Rs 30.00 C Rs 70.00 D -Rs 70.00
 Question 20
If the gross profit is Rs. 11, 000, administrative expenses are Rs. 3, 000 and miscellaneous income is Rs. 700, the net profit will be.....
 A 8700 B 11000 C 8300 D 11300
There are 20 questions to complete.