Commerce online quiz 179

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Input call parity relationship, put option minus call option in addition with stock is equal to
A
exercise price present value
B
exercise price future value
C
time line value
D
time value of bond
Question 2
Types of spoilage include
A
normal spoilage
B
abnormal spoilage
C
weighted spoilage
D
both a and b
Question 3
Trial Balance is prepared to check accuracy of
A
Ledger account balances
B
Balance sheet balances
C
Income statement balances
D
Cash flow statement balances
Question 4
Income which accrue outside India from a business controlled from India is taxable in case of
A
Resident only
B
Not ordinarily resident only
C
Both ordinarily resident and NOR
D
Non-resident
Question 5
The vertical difference between TVC and TC is equal to
A
MC
B
AVC
C
TFC
D
None of the above
Question 6
A furniture account will indicate a..... balance
A
debit
B
credit
C
cost
D
no balance
Question 7
Micro factors of external business environment does not include
A
Competitors
B
Customers
C
Government Policies
D
None of these
Question 8
Stockholders having right to elect directors and in smaller firms have high post are classified as
A
public stocks
B
inactive stocks
C
special stockholders
D
common stockholders
Question 9
Profit to be transferred to profit and loss a/c, if the contract is complete to the extent of only 20% is.....
A
nil
B
20%
C
25%
D
75%
Question 10
What is the method in which an amount equal to the amount written off as depreciation is invested in outside securities in order to facilitate replacement of an asset at the expiry of its life period, called?
A
Annuity Method
B
Sinking Fund Method
C
Replacement Method
D
None of the above
Question 11
If the reduction in output tax liability claimed by the supplier is more than the corresponding reduction in input tax credit declared by the recipient or if the recipient has not reduced the input tax liability, then
A
The excess reduction claimed is added to the output tax liability of the recipient
B
The discrepancy is communicated to both the supplier and receiver
C
The excess reduction claimed is added to the output tax liability of the supplier
D
The supplier is given an opportunity of being heard
Question 12
Getting books back from the users and releasing the borrower's ticket is known as
A
Charging
B
Holding
C
Reserving
D
Discharging
Question 13
Liability-side of the balance-sheet comprises:
A
Capital and reserve
B
Long-term liabilities
C
Current liabilities
D
All of the above
Question 14
The Revealed Preference Theory deduces the inverse price-quantity relationship from
A
Assumption of indifference
B
Postulate of utility maximization
C
Observed behavior of the consumer
D
Introspection
Question 15
The type of Net marketplace characterized by indirect inputs and spot purchasing is called an.....
A
industry consortium
B
independent exchange
C
e-distributor
D
e-procurement marketplace
Question 16
The balance sheet is..... and not.....
A
statement and account
B
account and statement
C
document and account
D
none of these
Question 17
Management by Exception is to improve-
A
control over personnel
B
strategic management
C
steady flow of information
D
high morale
Question 18
The assets whose existence or value is dependent on the happening or non-happening of a certain event which is not definite is known as.....
A
fixed assets
B
current assets
C
tangible assets
D
contingent assets
Question 19
A special resolution is passed in a company meeting by-
A
Simple majority
B
2/3 majority
C
3/4 majority
D
None of the above
Question 20
Which one of the following is an ingredient of the entity convention of accounting?
A
The owner of a unit and the unit itself is one and the same
B
The owner and the unit are treated separately
C
No separate accounts for the unit is required
D
The unit is a private affair of the owner, hence no accounting is required
There are 20 questions to complete.

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