10000 MCQ /questions on commerce questions answers
Budgeted direct labour hours are multiplied to direct labour cost rate to calculate
expected total direct labour cost
budgeted total direct labour cost
budgeted total indirect labour cost
expected labour hours
Marginal revenue is always less than price at all levels of output in
Both 'a' and 'b'
None of the above
AT Co makes a single product and is preparing its material usage budget for next year Each unit of product requires 2kg of material, and 5, 000 units of product are to be produced next year Opening inventory of material is budgeted to be 800 kg and AT co
8, 000 Kg
9, 840 kg
10, 000 Kg
10, 160 Kg
By which act government checks restrictive trade?
Industrial Policy Act 1991
None of these
Can the unutilized input tax credit be transferred in case of change in constitution of business?
No, it will be exhausted
Yes, It will be transferred only if there is provision for transfer of liabilities
It will be transferred only if it is shown in books of Accounts of transferor
A loss is a revenue loss because
It is incurred to reduce the tax liability
It arises due to normal reasons
It relates to current assets
None of these.
What is deemed to be the date of deposit in the electronic cash ledger?
Date on which amount gets debited in the account of the taxable person
Date on which payment is initiated and approved by the taxable person
Date of credit to the account of the appropriate Government
Earliest of the above three dates
Costs associated with the labour turnover can be categorised into:
Preventive Costs only
Replacement costs only
Both of the above
Indian Banking Regulation Act was passed in the yea?
Statistics is the-
Science of Counting
Science of Averages
Arithmetic of human welfare
All of the above
Net asset value takes into account.....
both realized and unrealized capital gains
only realized capital gains
only unrealized capital gains
neither realized nor unrealized capital gains.
Which is the most important component of IT?
The viruses spreads through.....
Pen drives and cds
All the above
An amount invested is Rs 2000 and return is Rs 200 then rate of return would be
Rs 1, 800.00
Rs 2, 200.00
The Reserve Bank of India does NOT decide the.....
Rate of Repo and Reverse Repo
Marginal Standing Facility Rates
Rate of Dearness Allowance to Govt Employees
Statutory Liquidity Ratio
The authority is decentralized in which leadership style?
Main use of Shelf list is
Law of return applies to firms working in
All kinds of market situations
Cartels under oligopoly do not survive for long because of
Inter firm rivalry
High cost of marketing
Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future?
Bombay Stock Exchange (BSE)
Indian Banks Association (IBA)
Securities Exchange Board of India (SEBI)
Reserve Bank of India (RBI)
There are 20 questions to complete.