Commerce online quiz 206

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
What is hardware and/or software that protects computers from intruders?
A
Backup
B
Anti-virus
C
Firewall
D
Biometrics
Question 2
Which one of the following statements is correct in respect of Duty Drawback Scheme?
A
Relieving export goods of duties paid for components used for manufacturing the export goods
B
Providing cash incentives to exporters to compensate the duty paid by them in foreign countries
C
Compensating importers to the extent of import duty paid by them for importing life-saving drugs
D
Providing a facility for withdrawing the duty paid by exporters if their exports are rejected in foreign countries
Question 3
An asset must be..... by the business to be shown as an asset in its balance sheet.
A
Possessed
B
Owned
C
Controlled
D
Used
Question 4
Whether all persons are mandatorily required to obtain registration?
A
Yes
B
Not required if he is an agriculturist or person exclusively engaged in supplying exempt goods or services and for others if specified threshold limit exceeds in a financial year.
C
Not required if he is an agriculturist or person exclusively engaged in supplying exempt goods or services.
D
No, only if specified threshold exceeds in a financial year then only need to obtain.
Question 5
Another name for stock brokers is.....
A
specialists
B
registered representatives
C
security analysts
D
portfolio managers
Question 6
An acquisition cost of raw material is to be used in manufacturing, and becoming a component of cost object is classified as
A
direct material costs
B
indirect material costs
C
direct labour costs
D
indirect labour costs
Question 7
The recipient must issue an invoice in the following cases:
A
The supplier fails to issue an invoice;
B
The supplier is unregistered;
C
The goods or services received notified for tax on reverse charge basis;
D
All of the above.
Question 8
Which among the following committee has suggested a common national; examination with weight age to the State Board results normalized on the basis of percentile formula for admission to engineering institutions?
A
Suresh Tandon Committee
B
T. Ramasami Committee
C
Rajendra Kumar Committee
D
Dharam Paul Committee
Question 9
X Limited forfeited Ram's 20 shares of Rs. 10 each on which Rs. 7 is called up. Ram had paid application and allotment money of Rs. 5 per share. Of these forfeited shares 15 shares were reissued to Hari as fully paid up for Rs. 6 per share. What amount s
A
Rs. 15
B
Rs. 20
C
Rs. 75
D
Rs. 100
Question 10
In capital asset pricing model, assumptions must be followed including
A
no taxes
B
no transaction costs
C
fixed quantities of assets
D
all of above
Question 11
Process costing is suitable for.....
A
hospitals
B
oil reefing firms
C
transport firms
D
brick laying firms
Question 12
The budget relating to.....must be prepared first and the other budgets should be prepared in the light of that factor.
A
Limiting factor
B
materials
C
labour
D
production
Question 13
'Self-help by mutual help' is a feature of-
A
Public enterprise
B
Public corporation
C
Co-operative society
D
All of the above
Question 14
Bin card is maintained by the.
A
Cost accountant
B
Clerk
C
storekeeper
D
branch accountant
Question 15
"Process B had no opening inventory. 13, 500 units of raw material were transferred in at Rs 4.50 per unit. Additional material at Rs1.25per unit was added in process. Labour and overheads were Rs 6.25 per completed unit and Rs 2.50 per unit incomplete. I
A
Rs 6562.50
B
Rs 12, 250.00
C
Rs 14, 437.50
D
Rs 25, 375.00
Question 16
Interest rate is 12% and tax savings (1-0.40) then after-tax component cost of debt will be
A
7.20%
B
7.40%
C
17.14%
D
17.24%
Question 17
An annual rate of 16% if quoted by credit card issuer usually a bank is classified as
A
loan rate of return
B
local rate of return
C
annual percentage rate
D
annual rate of return
Question 18
An example of fixed cost.....
A
property tax
B
rent for building
C
direct material cost
D
direct wages
Question 19
The cost of capital of a firm is.....
A
The dividend paid on the equity capital
B
The weighted average of the cost of various long-term and short-term sources of finance
C
The average rate of return it must earn on its investments to satisfy the various investors
D
The minimum rate of return it must earn on its investments to keep its investors satisfied
Question 20
After sending e-mail, which of the following activities is most common among Internet users?
A
sending instant messages
B
reading someone else's blog
C
using a search engine to find information
D
getting news
There are 20 questions to complete.

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