Commerce online quiz 2

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Opening and closing inventories are recorded in
A
Journal proper
B
Purchase book
C
Sales book
D
Bill receivable book
Question 2
..... refers to a smaller area.
A
Site
B
State
C
District
D
Country
Question 3
Industrial policy resolution 1956 divided industries into..... categories
A
2
B
3
C
4
D
5
Question 4
Public Sector Banks include?
A
20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI
B
20 Nationalized Banks + 6 Private Banks
C
14 Nationalized Banks + 6 SBI Associates + 7 Private Banks
D
20 Nationalized Banks + State Bank of India + 5 Private Sector Banks + IDBI
Question 5
Cost of capital is equal to required return rate on equity in case if investors are only
A
valuation manager
B
common stockholders
C
asset seller
D
equity dealer
Question 6
Action under Sarfaesi Act can be taken by a bank in respect of which of the following types of advances?
A
Only Standard Assets
B
Only Sub Standard Assets
C
All NPAs
D
All NPAs except loss accounts
Question 7
Inter-state supplies means:
A
Any-supply where the location of the supplier and the place of supply are in the same state
B
Any supply where the location of supplier and the place of supply are in different states
C
Any supply where location of the supplier and place of supply are outside the country
D
None of these
Question 8
Which are the determinants of dividend policy?
A
Working Capital Requirement
B
Liquidity Position
C
Legal Requirement
D
All of the above
Question 9
A type of business ownership in which two or more entities join together for profit purpose is classified as
A
partnership
B
joint business
C
joint profit
D
corporate business
Question 10
An additional cost, incurred for some specific activity to bring processed product on to next production stage is
A
partial cost
B
relevant cost
C
incremental cost
D
irrelevant cost
Question 11
What determines the future IT infrastructure requirements for new equipment and additional network capacity?
A
Flexibility
B
Performance
C
Capacity planning
D
Benchmark
Question 12
Delegation of authority takes place when a manager thinks that:
A
the job is too difficult and hazardous
B
the job requires the high skill that he does not possess
C
he cannot look after all the demanding tasks by himself
D
he needs to punish his subordinate
Question 13
Consider the following statements (a) Money is a stock whereas spending is a flow (b) Wealth is a stock while income is a flow. (c) The government debt is a stock but interest payment is a flow. (d) The lending by bank is a flow and its outstanding loan
A
Only (a) and (b)
B
(a), (b) and (c)
C
(a), (c) and (d)
D
All of these
Question 14
When three sugar mills combine, it is an example of-
A
Vertical combination
B
Horizontal combination
C
Diagonal combination
D
None of the above
Question 15
Situation in which firm limits expenditures on capital is classified as
A
optimal rationing
B
capital rationing
C
marginal rationing
D
transaction rationing
Question 16
A limited company makes a net profit of Rs. 2, 00, 000 after writing off preliminary expenses amounting to Rs. 20, 000 and providing for depreciation on assets amounting to Rs. 40, 000 and gain of Rs. 10, 000 on sale of a piece of machinery. What are the fund
A
Rs. 2, 00, 000
B
Rs. 2, 40, 000
C
Rs. 2, 50, 000
D
Rs. 2, 60, 000
Question 17
Which factor determines who has the right to access different types of IT systems and information?
A
Availability
B
Accessibility
C
Reliability
D
Scalability
Question 18
Cost of idle time arising due to non availability of raw material is.....
A
charged to costing profit and loss account
B
charged to financial profit and loss account
C
charged to factory overhead
D
recovered by inflating the wage rate
Question 19
Net operating profit after taxes is Rs 4500, net investment in operating capital is Rs 8500 and then free cash flow would be
A
-Rs 4, 000.00
B
Rs 4, 000.00
C
-Rs 18, 000.00
D
Rs 18, 000.00
Question 20
Profit margin multiply assets turnover multiply equity multiplier is used to calculate
A
return on turnover
B
return on stock
C
return on assets
D
return on equity
There are 20 questions to complete.

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