Commerce online quiz 19

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Debit balance = Credit balance in a trial balance indicates that
A
No error in recording transactions
B
No error in posting entries to ledger accounts
C
Account balances are correct
D
Mathematically Capital + Liabilities = Assets
Question 2
A minimum quantity of stock always held as precaution against out of stock situation is called
A
Zero stock
B
Risk stock
C
Base stock
D
None of the above
Question 3
The other name of Budget line is
A
Demand line
B
Price line
C
Supply line
D
None of the above
Question 4
Under absorption of overhead expenses in cost accounting results in.....
A
decrease in costing profit
B
decrease in financial accounts profit
C
increase in costing profit
D
increase in financial accounts profit
Question 5
Industrial policy resolution of 1948 was divided industries into
A
3 categories
B
4 categories
C
5 categories
D
6 categories
Question 6
Assertion (A).A Manager delegates authority. Reason (R). The Manager want to shirk his responsibility.
A
Both (A) and (R) are true.
B
Both (A) and (R) are false.
C
(A) is true but (R) is false.
D
(A) is false but (R) is true.
Question 7
Method which considers lowest and highest values of cost driver and cost within relevant range is called
A
low high method
B
constant equation
C
variable equation
D
high low method
Question 8
In which of the following interim dividend is treated?
A
In profit and loss account
B
In profit and loss appropriation account
C
On the asset side of the Balance sheet
D
In trading account
Question 9
The details of inward supply furnished by the registered taxable person shall be matched with the
A
Corresponding details of outward supply furnished by the corresponding taxable person
B
Additional duty of customs paid under section 3(5) of the Customs Tariff Act, 1975
C
For duplication of claims of input tax credit
D
All of the above
Question 10
Which among the following will be the headquarters of proposed Asian Infrastructure Investment Bank and BRICS New Development Bank respectively?
A
Shanghai and Beijing
B
Macau and Shanghai
C
Beijing and New Delhi
D
Beijing and Shanghai
Question 11
When goods are taken back from or an allowance is granted to a customer, the note is known as......
A
debit note
B
credit note
C
goods returned note
D
none of these
Question 12
Changing the name of a company requires:
A
special resolution and approval of Company Law Board
B
special resolution and approval of Securities and Exchange Board of India
C
special resolution and approval of Central Government
D
ordinary resolution and approval of Company Law Board
Question 13
The last step of communication process is-
A
Controlling
B
Implementation
C
Correction
D
Reaction
Question 14
The oldest form of business organization is.....
A
partnership
B
sole proprietorship
C
joint stock company
D
co-operative undertaking
Question 15
..... scale firms enjoy economies of scale.
A
Complex
B
Medium
C
Large
D
Small
Question 16
.....process loss should be transferred to costing profit & loss account.
A
Abnormal
B
normal
C
both a& b
D
none of these
Question 17
The first stock exchange was set up in India in.....
A
Calcutta
B
Bombay
C
New Delhi
D
Chennai
Question 18
Translation loss may occur when
A
Exposed assets exceed exposed liabilities and foreign currency appreciates.
B
Exposed assets exceed exposed liabilities and foreign currency depreciates.
C
The subsidiary's balance sheet shows a loss.
D
The foreign currency depreciates.
Question 19
Which of the following measures the percentage of people exposed to an online advertisement who actually click on the banner?
A
impression rate
B
view-through rate
C
click-through rate
D
stickiness ratio
Question 20
..... Machine is used to point addresses of the customers or clients on outgoing mail.
A
Accounting
B
Addressing
C
Franking
D
Listing
There are 20 questions to complete.

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