10000 MCQ /questions on commerce questions answers
Risk of fall in income due to fall in interest rates in future is classified as
When should the opportunity of being heard be given to applicant or the appellant for rectification of advance ruling?
If the rectification has the effect of enhancing the tax liability. Advance Ruling 213 Indirect Taxes Committee
If the rectification has the effect of reducing the amount of admissible input tax credit.
(a) or (b)
None of the above
The value of SDR tends to be more stable than that of any single currency in the "Standard basket valuation" because
It is internationally accepted measure
It is a weighted average of the exchange rates of the five major currencies.
Both (A) and (B)
It is an imaginary currency.
..costing is a type or technique of costing.
Costs of all activities for a group of products, rather than individual product can be classified as
activity level costs
input level costs
batch level costs
output level costs
The drawer of a cheque is always a
..... states that assets equal liabilities plus capital.
none of these
.....is maintained to know how the worker's time shown by the time card is spent on various jobs.
Daily time sheets
weekly time sheets
none of the above
Toy manufacturing industry should use.....
Accounts are required to be maintained in
Manual and electronic form
Manual or electronic form
SEZ policy in India is motivated by the experience of
Is a free gift of nature
Lacks geographical mobility
Is not hirable
a' and 'b' both
Which section provides tax-free movement for sending inputs and/or capital for job worker?
The bank account of a non-resident of a country, where the amount of currency in the account cannot be transferred to another country is called as
Should the principal referred to in Section 143 be registered?
Principal should not be registered
None of the above
More MCQs on Foreign Exchange Management 1.The forward US dollar is quoted at premium against Indian Rupees. This implies
Money market rates are higher in India than in the US.
Money market rates are lower in India than in the US.
Market yield is higher in US than in India.
Dollar has a better value than Indian Rupee.
In pure play method, a company can calculate its own cost of capital with help of averaging an
other company capital policy
other company beta
other company cost
other division cost
If sales are Rs. 60, 000 gross profit is 1/3 of cost, purchases are Rs. 49, 000 and closing stock is Rs. 9, 000, then opening stock will be
Rs. 5, 000
Rs. 20, 000
Rs. 15, 000
Setting of firms branches in other countries
Adopting a global outlook
Earning profit from Exports
Attracting foreign investment
A cost unit is.....
the cost per machine hour
the cost per labour hour
a unit of production or service in relation to which costs are ascertained
a measure of work output in a standard hour
There are 20 questions to complete.