Commerce online quiz 174

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
If budgeted annual indirect cost is $85000 and budgeted annual quantity of cost allocation base is $7500, then budgeted indirect cost rate would be
A
112.34 per piece
B
113.34 per piece
C
111.34 per piece
D
110.34 per piece
Question 2
Assertion (A): Management audit is a statutory audit. Reason (R): Management audit is performed through innovative ideas.
A
Both A and R are true and R is the correct explanation of A
B
Both A and R are true but R is NOT a correct explanation of A
C
A is true but R is false
D
A is false but R is true
Question 3
In testing hypothesis, what is the size of the sample to be reckoned as a small sample?
A
Less than 30
B
Less than 25
C
Less than 40
D
Less than 100
Question 4
Bond's promised rate of return is also considered as
A
yield to earning
B
yield to investors
C
yield to maturity
D
yield to return
Question 5
During short period, diminishing returns may follow because
A
Quantity of labour is fixed
B
Quantity of output is fixed
C
Quantity of capital is fixed
D
Quantity of any one factor is fixed
Question 6
What is the proposed late fee for delay in issuing the Certificate of TDS Deduction to the Deductee?
A
100/-Per Day with a Maximum of ' 5000/-
B
100/-Per Day with a Maximum of ' 10, 000/-
C
100/-Per Day with a Maximum of ' 25000/-
D
No Late fee at all.
Question 7
Which of the following statements is not true?
A
The nature and implementation of specific HR practices depends upon the socio-economic contexts in which the firm operates.
B
There remains considerable variety in the HRM policies followed by MNCs.
C
People management in MNCs poses specific problems and challenges.
D
There is an emerging international model of HRM.
Question 8
The equilibrium is unstable and indeterminate under
A
Edgeworth model
B
Cournot Model
C
Sweezy Model
D
Pareto Model
Question 9
Approaches used to allocate joint costs include
A
sales value at split off method
B
net realizable value method
C
constant gross margin percentage NRV method
D
all of above
Question 10
Principal entitled for input tax credit on inputs sent for job work
A
If goods sent are returned within nine months
B
If goods sent are returned within three years
C
If goods sent are returned within six months
D
If goods sent are returned within one year
Question 11
Which is not a method of performance appraisal?
A
Straight ranking method
B
Man-to-man comparison method
C
Check list method
D
None of the above
Question 12
The..... Officer is empowered to assist the proper officer.
A
Police/Customs
B
Health
C
CBI
D
State Excise
Question 13
More MCQs on Foreign Exchange Management 1. The EU is the major provider of FDI for:
A
Eastern Europe.
B
South America.
C
developing Asian countries
D
all of these regions.
Question 14
Balance of Payment can be made favourable if
A
Exports are increased
B
Imports are increased
C
Devaluation of money
D
(A) and (C).
Question 15
..... budgeting does not take into account what happened in the past but emphasizes on current activities.
A
Formula
B
Performance
C
Programme
D
Zero-base
Question 16
Inflation has become a major area of concern in India these days. What measures do the Govt of India / RBI normally take to control the same? A. Fixation of Maximum Prices of the Commodities. B. System of Dual Prices C. Increase in supply of food-grains
A
Only A and B
B
Only C and D
C
Only B, C and D
D
All A, B, C and D
Question 17
A materials requirements planning (MRP) system is an example of.....
A
spot purchasing
B
a multi-tier supply chain
C
a legacy computer system
D
electronic data interchange
Question 18
The following error will affect the Trial Balance
A
Error of partial omission
B
Error of principle
C
Error of complete omission
D
All of the above
Question 19
Type of premium asked by investors for bearing risk on average stock is classified as
A
average premium
B
market risk premium
C
stock premium
D
buying discount
Question 20
Laissez Faire policy is adopted in
A
Socialist Economic system
B
Capitalist Economic system
C
Mixed Economic System
D
Communist Economic System
There are 20 questions to complete.

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