Commerce online quiz 177

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The late fee forthe delay in filing of any inward supply statement, outward and return will be:
A
Rs.100/-per day not exceeding Rs.5000/-at maximum
B
Rs.500/-per day not exceeding Rs.5000/-at maximum
C
Rs.750/-per day not exceeding Rs.5000/-at maximum
D
Rs.1000/-per day not exceeding Rs.5000/-at maximum
Question 2
Relationship of two or more variables is examined excluding some other variables in case of
A
Total correlation
B
Partial correlation
C
Multiple correlation
D
None of the above
Question 3
India's foreign exchange rate system is?
A
Free float
B
Managed float
C
Fixed.
D
Fixed target of band
Question 4
Present liability of uncertain amount, which can be measured reliably by using a substantial degree of estimation is termed as
A
Contingent liability
B
Liability
C
Provision
D
Reserve
Question 5
Which of the following can be treated as capital expenditure?
A
Acquisition of land, building, machinery etc.
B
Amount spent on increasing the Sitting accommodation in picture hall.
C
Expenditure incurred for acquiring the right to carry on a business, for example, patent rights, copyright, goodwill.
D
All of the above
Question 6
Information about an item is..... if its ommission or misstatement might influence the financial decision of the users taken on the basis of that information
A
Concrete
B
Complete
C
Immaterial
D
Material
Question 7
A technique of lowering risk for multinational companies and globally designed portfolios is classified as
A
national diversification
B
behavioral diversification
C
global diversification
D
behavioral finance
Question 8
Under section 16(2) of CGST Act how many conditions are to be fulfilled for the entitlement of credit?
A
All the conditions
B
Any two conditions
C
Conditions not specified
D
None of the above
Question 9
Cash discount allowed will appear on the..... side of the buyer's account in the books of the seller.
A
debit
B
credit
C
cost
D
none of these
Question 10
.is the excess of overheads absorbed over the actual amount of overheads incurred.
A
Over absorption of overheads
B
under absorption of overheads
C
overheads absorption
D
none of these.
Question 11
..... is backbone of all E-payments in E-commerce.
A
EFT
B
EPS
C
PayPal
D
None of these
Question 12
What accounts and records are required to be maintained by every registered taxable person at his principal place of business
A
account of production or manufacture of goods
B
inward or outward supply of goods and/or services
C
stock of goods, input tax credit availed & output tax payable and paid
D
All of the above
Question 13
Better fit between estimated cost and actual observations is represented by
A
variable residual terms
B
smaller residual terms
C
larger residual terms
D
zero residual terms
Question 14
The significance of capital budgeting arises mainly due to the
A
Complicacies of Investment decisions
B
Irreversible in nature
C
Large Investment
D
All of the above
Question 15
Which of the following capital is taken up by the general public?
A
Issued capital
B
Subscribed capital
C
Authorized capital
D
Reserve capital
Question 16
Which among these is monopolistic trade practice?
A
Unreasonably limiting competition
B
Manufacturing only one product
C
Limiting technical Development
D
Selling only one product
Question 17
The building used by the professional is called..... office.
A
Quiet
B
Sound
C
Big
D
Small
Question 18
Expenditure incurred annually on renewal of patent is a
A
Revenue expenditure
B
Capital expenditure
C
Financial expenditure
D
Operating expenditure
Question 19
A..... is the set of planned activities designed to result in a profit in a marketplace.
A
business model
B
profit model
C
business plan
D
revenue model
Question 20
Value of net income is Rs 124, 500, 000 and common shares outstanding are Rs 60, 000, 000 then earning per share will be
A
Rs 2.75
B
Rs 0.48
C
Rs 2.08
D
Rs 2.80
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *