Commerce online quiz 194

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Demand for factors of production is
A
Derived demand
B
Joint demand
C
Composite demand
D
None of the above
Question 2
Slope coefficient of cost function is zero because it intersects the
A
x-axis at one
B
y-axis at constant
C
x-axis at constant
D
y-axis at one
Question 3
If the goods are supplied to related persons then how should the taxable person ascertain the value of supplies?
A
Seek the help of the GST officer
B
Use the arm's length price as required under the Income Tax law
C
Identify the prices at which goods are sold by the unrelated person to his customer
D
Refer the Rules which will be prescribed for this purpose
Question 4
The Tier-1 capital of banks does not include.....
A
Paid-up capital
B
Revaluation reserves
C
Statutory reserves
D
Investment fluctuation reserves
Question 5
Internet Marketing does not deal
A
Advertising
B
Interactive Marketing
C
E-mail Marketing and Web advertising
D
Display Advertising
Question 6
According to going concern concept a business entity is assumed to have-
A
A long life
B
A small life
C
A very short life
D
A definite life
Question 7
Movement of price or rise or fall of prices of options is classified as
A
option lattice
B
pricing movement
C
price change
D
binomial lattice
Question 8
What is OTP in credit card transaction?
A
Odd Transaction Password
B
Owner is Trading Pass code
C
One Time Password
D
One Time Pincode
Question 9
A particular term for which specific revenue measurement is required is known as
A
revenue allocation
B
revenue object
C
revenue increment
D
reciprocal revenue
Question 10
Exposed assets are those translated at
A
Historical rate.
B
Average rate.
C
Current rate.
D
Current rate or average rate.
Question 11
A product or service that customers have come to expect from an industry, which must be offered by new entrants if they wish to compete and survive, is known as a(n)?
A
Switching costs
B
Loyalty programs
C
Entry barriers
D
Affiliate programs
Question 12
The market value of the firm is the result of.....
A
dividend decisions
B
working capital decisions
C
capital budgeting decisions
D
trade-off between cost and risk
Question 13
Provision for bad debt is made to
A
prevent debts arising
B
obtain a debtor's figure for the balance sheet
C
even out actual bad debts incurring,
D
encourage prompt payment of debts by debtors.
Question 14
Where shall the Advance Ruling Authority be located?
A
The Authority shall be located in each state / Union Territory.
B
The Authority shall be located in Centre.
C
The Authority shall be located in both Centre & State.
D
None of the above
Question 15
Preferred dividend is Rs 60 and required rate of return is 20% then value of preferred stock will be
A
Rs 40.00
B
Rs 120.00
C
Rs 12.00
D
Rs 300.00
Question 16
When the existing companies raise additional funds by issue of shares to the existing shareholders in proportion to their existing shareholdings, it is called-
A
Buyback of shares
B
Issue of shares at premium
C
Issue of shares at discount
D
Right shares issue
Question 17
In the case of a Serious case, the pre-deposit to file appeal will be:
A
Not exceeding 10 % of the disputed amount
B
Not exceeding 20 % of the disputed amount
C
Not exceeding 30 % of the disputed amount
D
Not exceeding 50 % of the disputed amount
Question 18
What will be the volume of penalty in confiscation cases?
A
Rs.10/-Thousand
B
Equal Amount of tax
C
Either a) or b) whichever is higher
D
Rs.50/-Thousand
Question 19
Cash received from debtor is recorded in which of the following specialized journals?
A
Purchase Journal
B
Sales Journal
C
Cash receipts journal
D
Cash payments journal
Question 20
Declared dividend should be classified in the balance sheet as a
A
Provision
B
Current liability
C
Reserve
D
Current asset
There are 20 questions to complete.

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