Commerce online quiz 173

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
As per RBI directives, the limit for not obtaining collateral security in case of advance to micro and small enterprises is Rs.....
A
Rs 1 lac
B
Rs 2 lac
C
Rs 5 lac
D
Rs 10 lac
Question 2
Budgeting system.....key managerial functions.
A
Dismisses
B
integrates
C
discharges
D
none of these
Question 3
The gross profit ratio is the ratio of gross profit to
A
Net cash sales
B
Net credit sales
C
Closing stock
D
Net total sales
Question 4
Basic objective of cost accounting is.....
A
tax compliance.
B
financial audit.
C
cost ascertainment.
D
profit analysis.
Question 5
Which of the following is a service department?
A
Refining department
B
Machining department
C
Receiving department
D
Finishing department
Question 6
Who among the following are not entitled to take credit on inputs held in stock under sub-section (3) of section 140?
A
First and second stage dealers
B
Manufacturers of exempted goods
C
SSI manufacturers having turnover below 90 lakhs.
D
SSI manufacturer having turnover above 90 lakhs.
Question 7
Does cancellation of registration under CGST affect the liability under SGST/IGST for period prior to cancellation of registration?
A
Cancellation of registration will immune his liability under CGST only.
B
Cancellation of registration will immune his liability under IGST only.
C
Cancellation of registration will immune his liability under SGST and CGST but not under IGST.
D
Cancellation does not affect the liability of taxable person to pay tax and other dues under CGST/SGST/IGST Act.
Question 8
A recovery of bad debt
A
increases net income
B
decreases net income
C
increases gross profit
D
increases gross profit and net income
Question 9
Narrations are given at the end of
A
Final accounts
B
Trial Balance
C
Each Ledger account
D
Each journal entry
Question 10
HSN Code Stands for
A
Home Shopping Network
B
Harmonised System of Nomenclature
C
Harmonised System Number
D
Home State Number
Question 11
A company having easy access to the capital markets can follow a..... dividend policy
A
liberal
B
formal
C
strict
D
Varying
Question 12
Beta coefficient is used to measure market risk which is an index of
A
coefficient risk volatility
B
market risk volatility
C
stock market volatility
D
portfolio market portfolio
Question 13
Low default-risk security issued by financially secure firms is classified as
A
U.S treasury bills
B
commercial paper
C
certificate of deposit
D
mutual funds
Question 14
In monopolistic competition, a firm is in long run equilibrium
A
At the minimum point of the LAC curve
B
In the declining segment of the LAC curve
C
In the rising segment of the LAC curve
D
When price is equal to marginal cost
Question 15
Department which directly adds value to product or service is known as
A
production department
B
operating department
C
allocation base department
D
both a and b
Question 16
Type of plan of a company, which quantities expectations of cash flows, income and financial position is known as
A
budget
B
batching
C
complexity
D
process
Question 17
Risk lover's utility curves have.....
A
Positive slope
B
Negative slope
C
Convex to the origin
D
Negative slope and convex to the origin
Question 18
Statements:
  1. High morale always leads to high productivity.
  2. High Morale need not necessarily lead to high productivity.
A
(i) is correct, (ii) is incorrect.
B
(i) is incorrect (ii) is correct.
C
Both are correct.
D
Both are incorrect.
Question 19
In vertical filing system, files or folders are kept.....
A
one upon the other
B
in standing upright position
C
in packets or large envelopes
D
in a cupboard, divided into a number of small compartments
Question 20
Who invented the first operational ATM?
A
John Canner
B
John Smith
C
John Shepherd-Barron
D
John Carter
There are 20 questions to complete.

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