Commerce online quiz 202

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Standard cost is a..cost
A
Predetermined
B
historical
C
actual
D
final
Question 2
The objective of accounting information is to provide..... review of the business.
A
correct
B
true and fair
C
fair only
D
none of these
Question 3
Mr. Raees Ahamd bought 50 litres of petrol when his monthly income was Rs.25000. Now his monthly income has risen to Rs.50, 000 and he purchases 100 litres of petrol. His income elasticity of demand for petrol is
A
1
B
100%
C
Less than 1
D
More than 1
Question 4
Works cost is a total of.....
A
Indirect material, Indirect labour
B
Direct material, direct labour, direct or chargeable expenses and works expenses
C
Direct material, direct labour
D
Indirect material, Indirect labour, Indirect expenses
Question 5
Manager who is responsible for investments of company, its costs and revenues is known as
A
profit center
B
investment center
C
cost center
D
revenue center
Question 6
If a firm shuts down temporarily, it will incur loss equal to
A
AFC
B
AVC
C
TFC
D
TVC
Question 7
If the amount of work certified is less than.....of the contract price, then no profit should be taken to Profit & Loss Account.
A
20%
B
25%
C
33.33%
D
40%
Question 8
The purpose of an office is to furnish essential services to the.....
A
public
B
management
C
clerks
D
creditors
Question 9
The assumption underlying the fixed installment method of depreciation is that of..... of the asset over its useful life
A
Equal usage
B
Usage
C
Charge
D
None of the above
Question 10
Which one is not a assumption of the theory of demand based on analysis of indifference curves?
A
Given scale of preferences as between different combinations of two goods
B
Diminishing marginal rate of substitution
C
Constant marginal utility of money
D
Consumers would always prefer more of a particular good to less of it, other things remaining the same
Question 11
E-cheques are......
A
Prepaid
B
Postpaid
C
Both prepaid and postpaid
D
None of these
Question 12
Lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards is known as?
A
Sub Prime
B
Prime Lending
C
Risky lending
D
None of these
Question 13
In arbitrage pricing theory, required returns are functioned of two factors which have
A
dividend policy
B
market risk
C
historical policy
D
Both A and B
Question 14
Which bank's old name was 'Imperial Bank'?
A
Reserve Bank of India
B
Punjab National Bank
C
State Bank of India
D
Union Bank of India
Question 15
ECS Stands for?
A
Electrical Clearing System
B
Electronic Core System
C
End Clearing System
D
Electronic Clearing System
Question 16
Where an urban agricultural land owned by an individual, continuously used by him for agricultural purposes for a period of two years prior to the date of transfer, is compulsorily, acquired under law and the compensation is fixed by the state Government
A
True
B
False
C
Cannot be said with certainty
D
Is decided by the Assessing Officer
Question 17
Assertion (A). The new Industrial policy was announced on July 24, 1991. Reason (R). The new industrial policy was announced by the V.P. Singh Government.
A
Both (A) and (R) are true and (R) is the correct explanation of (A).
B
Both (A) and (R) are true but (R) is not the correct explanation of (A).
C
(A) is true but (R) is false.
D
(A) is false but (R) is true.
Question 18
The accounting process involves recording
A
Quantifiable economic event
B
Non Quantifiable economic event
C
All of them
D
None of them
Question 19
constant variance is classified in assumptions testing as
A
homogenous
B
homoscedasticity
C
heteroscedasticity
D
heterogeneous
Question 20
Select the correct statement about the Mumbai Inter Bank Bid (MIBID):
A
The weighted average interest rate at which certain banks in Mumbai are ready to borrow the long term lenders.
B
The weighted average interest rate at which certain banks in Mumbai are ready to lend for long term purpose.
C
The weighted average interest rate at which certain banks in Mumbai are ready to borrow from the call money market.
D
The freighted average interest rate at which certain banks in Mumbai are ready to lend in the call money market.
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *