10000 MCQ /questions on commerce questions answers
Which type of competition leads to exploitation of consumer?
All of the above
Value of payment is Rs 25 and an interest rate is 2%, then present value will be
Rs 12, 500.00
Rs 12, 504.00
Rs 8, 400.00
Which of the following errors will not affect the trial balance
Wrong balancing of an account
Wrong totaling of an account
Writing an amount in wrong account but on the correct side
None o the above
Revenue earned but not yet received by the business is known as
Contra asset revenue
Whether the supplies to UN Agencies are taxable under GST?
Taxable at Supply Point and Refundable subject to submission of Purchase statement as and when purchases are made with their UID No.
Both (A) and (B)
None of the Above
Bank overdraft is a good source of finance for.....
Short and long term
Which one of the following is an example of sources of funds?
Decrease in share capital
Increase in long-term liabilities
Decrease in long-term liabilities
Increase in fixed assets
Bank Reconciliation statement is the comparision of a bank statement (sent by bank) with the
Cash receipt journal
Cash payment journal
Suppose that a Swiss television set that costs 400 francs in Switzerland costs $200 in the United States. The exchange rate between the franc and the dollar is
2 francs per dollar
1 franc per dollar
$2 per franc
$3 per franc
Term 'Credit' means..... by the business
Receiving of benefits
It has no effect on business
It depends upon items
The term World Bank refers to
Both IBRD and IDA
The first stock exchange in the world.....
Mumbai stock exchange
America stock exchange
London stock exchange
France stock exchange
When indifference curve is L shaped, then two goods will be
Perfect substitute goods
Perfect complementary goods
Which among the following committee is related with the issues and concerns in the Non-banking financial Companies (NBFCs) sector?
Ragu Ram Committee
Usha Thorat Comiittee
Inventory turnover ratio = Cost of inventory consumed during the period $\div$ Cost of held during the period
none of these
.expenses are partly fixed and partly variable.
In his report the Auditor gives his?
Guarantee to correctness of accounts
All of these
The cost that a firm incurs in hiring or purchasing any factor of production is referred to as
Domestic use of office telephone is
Embezzlement of Labour
Embezzlement of Property
Embezzlement of Facility
None of these
Principle of 'Unity of Command' means-
Unity of directions
To receive orders from one officer only
A fixed place for every person
Proper delegation to subordinates
There are 20 questions to complete.