Commerce online quiz 198

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
..... is a legal document and can be used as a source of industrial information.
A
Report
B
Law Review
C
Patent
D
Specification
Question 2
A systematic and orderly process of determining the worth of a job in relation to other jobs is known as:
A
job analysis
B
job evaluation
C
job specification
D
job description
Question 3
Purchases + opening stock-closing stock =?
A
Amount of sales
B
Gross profit
C
Cost of goods sold
D
Net income
Question 4
When actual loss is.....than the estimated loss, the difference between the two is considered to be abnormal gain
A
More
B
less
C
higher
D
none of these
Question 5
103: According to AS-6, 'Depreciable assets' are assets which
A
Are expected to be used during more than one accounting period
B
Have a limited useful life
C
Are held by an enterprise for use in the production or supply of goods and services, for rental to others, or for administrative purposes and not for the purpose of sale in the ordinary course of business
D
All of the above
Question 6
The sale of inventory on account will cause the quick ratio to
A
Decrease
B
Increase
C
Not change
D
Become zero
Question 7
Which of the following certainly is an effort in the direction of Financial Inclusion?
A
Internet Banking
B
Anywhere Banking
C
No-frills Account
D
Foreign Currency Accounts
Question 8
How a person can apply for registration?
A
Filing FORM GST REG-01 along with necessary documents with the jurisdictional proper officer.
B
Filing FORM GST REG-01 electronically in the common portal and uploading the required documents along with the application.
C
Uploading necessary documents electronically in the common portal and also submitting manually to the jurisdictional proper officer.
D
None of the above
Question 9
In the case of monopolistic competition
A
MR curve cannot be defined
B
AR curve cannot be defined
C
The short run supply curve cannot be defined
D
None of the above
Question 10
The goods sent by a Registered taxable Person to a Registered Job Worker is:
A
Supply of Goods
B
Deemed Supply of Goods
C
Not a Taxable Supply of Goods
D
Either (A) or (B) Above
Question 11
Suppose, the above Job Worker return back the goods after Job Work after 6 months or after the extended time period of 2 months, such Supply of Goods will be treated as:
A
An Exempted Supply
B
No Taxable Event
C
Sales Return of the Registered Dealer
D
Deemed Supply of the Registered Job Worker
Question 12
The person who propounded theory X and theory Y in Management, is-
A
Abraham Maslow
B
Henry Fayol
C
Elton Mayo
D
Douglas McGregor
Question 13
This is an assumption of law of demand
A
Price of the commodity should not change
B
Quantity should not change
C
Supply should not change
D
Income of consumer should not change
Question 14
What does the ROI take into account?
A
Net fixed assets
B
Shareholder's investment
C
Net worth
D
Operating expenses
Question 15
An earning before interest, taxes, depreciation and amortization are calculated by
A
subtracting operating cost from net sales
B
subtracting net sales from operating costs
C
adding operating cost and net sales
D
adding interest and taxes
Question 16
Employee morale relates to
A
productivity
B
Attitude
C
Empathy
D
Skills
Question 17
Which of the following is Microeconomics concerned with?
A
The size of national output
B
The level of employment
C
Changes in general level of prices
D
None of the above
Question 18
A promissory note is drawn by..... in favor of.....
A
Drawer, Drawee
B
Maker, Payee
C
Payer, Payee
D
Drawer, Payee
Question 19
GRN number refers to.....
A
goods received note number
B
goods returned note number
C
goods shortage note number
D
goods requisition note number
Question 20
Depreciation account is closed by
A
Transferring to balance sheet
B
Transferring to profit & loss account
C
Transferring to asset account
D
Totaling
There are 20 questions to complete.

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