10000 MCQ /questions on commerce questions answers
Demand for factors of production is
None of the above
Slope coefficient of cost function is zero because it intersects the
x-axis at one
y-axis at constant
x-axis at constant
y-axis at one
If the goods are supplied to related persons then how should the taxable person ascertain the value of supplies?
Seek the help of the GST officer
Use the arm's length price as required under the Income Tax law
Identify the prices at which goods are sold by the unrelated person to his customer
Refer the Rules which will be prescribed for this purpose
The Tier-1 capital of banks does not include.....
Investment fluctuation reserves
Internet Marketing does not deal
E-mail Marketing and Web advertising
According to going concern concept a business entity is assumed to have-
A long life
A small life
A very short life
A definite life
Movement of price or rise or fall of prices of options is classified as
What is OTP in credit card transaction?
Odd Transaction Password
Owner is Trading Pass code
One Time Password
One Time Pincode
A particular term for which specific revenue measurement is required is known as
Exposed assets are those translated at
Current rate or average rate.
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)?
The market value of the firm is the result of.....
working capital decisions
capital budgeting decisions
trade-off between cost and risk
Provision for bad debt is made to
prevent debts arising
obtain a debtor's figure for the balance sheet
even out actual bad debts incurring,
encourage prompt payment of debts by debtors.
Where shall the Advance Ruling Authority be located?
The Authority shall be located in each state / Union Territory.
The Authority shall be located in Centre.
The Authority shall be located in both Centre & State.
None of the above
Preferred dividend is Rs 60 and required rate of return is 20% then value of preferred stock will be
When the existing companies raise additional funds by issue of shares to the existing shareholders in proportion to their existing shareholdings, it is called-
Buyback of shares
Issue of shares at premium
Issue of shares at discount
Right shares issue
In the case of a Serious case, the pre-deposit to file appeal will be:
Not exceeding 10 % of the disputed amount
Not exceeding 20 % of the disputed amount
Not exceeding 30 % of the disputed amount
Not exceeding 50 % of the disputed amount
What will be the volume of penalty in confiscation cases?
Equal Amount of tax
Either a) or b) whichever is higher
Cash received from debtor is recorded in which of the following specialized journals?
Cash receipts journal
Cash payments journal
Declared dividend should be classified in the balance sheet as a
There are 20 questions to complete.