Commerce online quiz 21

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The study of encryption is called.....
A
Decryption
B
Cryptography
C
Firewall
D
All the above
Question 2
Which of the following item of expenses will not appear in cost accounting.
A
Direct material cost
B
Factory overheads
C
Selling Expenses
D
Loss on sale of fixed assets
Question 3
Direct expenses are also called.....
A
major expenses
B
chargeable expenses
C
overhead expenses
D
sundry expenses
Question 4
After television, the next largest major player in the commercial entertainment industry is.....
A
video games
B
music
C
radio
D
film
Question 5
Which of the following is not included in the category of 'Intangible Assets'?
A
Patents rights
B
Copy rights
C
Competitive benefit and privileges
D
Machinery
Question 6
The requirements of a particular job are known as
A
Job description
B
job specifications
C
job evaluation
D
both a & b
Question 7
On which category of person will sub-section (6) of section 140 be applicable?
A
A registered person either paying tax at a fixed rate or paying a fixed amount in lieu of the tax payable under the existing law
B
A person who pays under the normal scheme under the GST law
C
A person who was paying under the composition scheme under the earlier law
D
A person who was exempt in the earlier law
Question 8
Consider the following statements-A cash flow statement is generally prepared for
  1. Ascertaining the net cash flows between two accounting periods.
  2. Understanding the trends of cash flows between two accounting p
A
1 and 2 only
B
2 and 3 only
C
1 and 3 only
D
1, 2 and 3
Question 9
Value of free cash flows Rs55000, operating cost and taxes Rs30000, then value of sales revenues (in Rs) will be
A
Rs 25, 000.00
B
Rs 85, 000.00
C
Rs 35, 000.00
D
Rs 45, 000.00
Question 10
The primary relationship between the banker and the customer is that of:
A
Trustee and beneficiary
B
Debtor and Creditor
C
Principal and agent
D
Lesser and lessee
Question 11
What is the punishment in the case of a tax evasion case between Rs.50/-Lakhs and Rs.250/-Lakhs
A
5 Years imprisonment and fine
B
3 Years imprisonment and fine
C
2 Years imprisonment and fine
D
1 Years imprisonment and fine
Question 12
Bonds issued to individuals by corporations are classified as
A
municipal bonds
B
corporate bonds
C
U.S treasury bonds
D
mortgages
Question 13
What is 'deemed exports' provisions applicable to?
A
Deemed export provision is applicable only to goods
B
Deemed export provision is applicable only to services
C
Deemed export provision is applicable both to goods and services
D
Deemed export provision is applicable when goods and services are supplied to SEZ units/ developers
Question 14
Find the correct match of annual returns to be filed
A
Registered taxable person-Form GSTR
B
Input service distributor-Form GSTR 9
C
Non Resident taxable person-Form GSTR 9B
D
Compounding taxable person-Form GSTR 9A
Question 15
A portfolio consists of all stocks in a market is classified as
A
market portfolio
B
return portfolio
C
correlated portfolio
D
diversified portfolio
Question 16
RBI can issue bank notes of maximum denomination-
A
Rs. 1000
B
Rs. 500
C
Rs. 10000
D
Rs. 20000
Question 17
When demand is perfectly inelastic, an increase in price will result in
A
A decrease in total revenue
B
An increase in total revenue
C
No change in total revenue
D
A decrease in quantity demanded
Question 18
In weighted average cost of capital, capital components are funds that usually offer by
A
stock market
B
investors
C
capitalist
D
exchange index
Question 19
If current price increases from lower to higher then an
A
option value equal to one
B
option value will increase
C
option value will decrease
D
option value equal to zero
Question 20
In an Economy, where capital output ratio is 5.2 what should be the saving income ratio to bring about a growth rate of 6.2% in the National Income?
A
1.00%
B
32.24%
C
11.40%
D
1.19%
There are 20 questions to complete.

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