Commerce online quiz 210

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Saumitra Chaudhuri committee has been appointed to recommend revisions to:
A
Wholesale Price Index
B
Consumer Price Index
C
Index of Industrial Production
D
Housing Development Index
Question 2
What is the rate of TDS?
A
1%
B
4%
C
5%
D
18%
Question 3
Under what circumstances will the refund claim filed under the earlier law be rejected?
A
Refund claim is filed after appointed date
B
Credit is carried forward equivalent to refund amount
C
Refund claim is withdrawn
D
Refund claim will never lapse and shall be payable mandatorily paid by the department.
Question 4
The minimum transaction value which necessitates the accompanying of any of the prescribed transporting documents will be:
A
Goods having a transaction value of and above Rs.250/-
B
Goods having a transaction value of and above Rs.5000/-
C
Goods having a transaction value of and above Rs.50, 000/-
D
Goods having a transaction value of and above Rs.2, 50, 000/-
Question 5
The limitations of.....has led to the development of standard costing system.
A
Historical costing system
B
cost accounting
C
management accounting
D
none of these
Question 6
"The set of directive principles issued by the central Bank of a country or process adopted by it to control the supply of money, availablity of money, cost of money and rate of interest, etc. in order to bring stability and growth of the economy" are co
A
Monetary Policy of the Central Bank of the country
B
Budget of the Government
C
Profit and Loss Account
D
Business Policy of the Bank
Question 7
The refund application of the UN agencies, embassies or consulate will be processed based on:
A
Unique Identification Number
B
GSTIN
C
Pass Port Number
D
Any of the Above
Question 8
The process of setting standards and comparing actual performance with standards with a view to control the cost is.....
A
cost reduction
B
cost control
C
cost allocation
D
cost ascertainment
Question 9
The most popular type of Investment Company is a.....
A
unit investment trust
B
mutual fund
C
closed-end investment company
D
real estate investment trust
Question 10
What is an Indian Depository Receipt?
A
A deposit account with a Public Sector Bank
B
A depository account with any of depositories
C
An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company
D
An instrument in the form of deposit receipt issued by Indian depositories
Question 11
Standard costs is
A
Predetermined cost
B
budgeted cost
C
Actual cost
D
none of these
Question 12
Second factor in Fama French three factor model is the
A
size of industry
B
size of market
C
size of company
D
size of portfolio
Question 13
Who is authorised to undertake the audit of a registered person?
A
The Commissioner of CGST/Commissioner of SGST
B
any officer authorised by Commissioner of CGST/Commissioner of SGST by way of a general or a specific order.
C
Only (a)
D
(a) or (b)
Question 14
Which barrier can be used against recession induced exports into the country?
A
Quotas
B
Voluntary export restraints
C
Tariff
D
All of the above
Question 15
Gross margin is subtracted from sales value of all production to yield
A
labour cost incurred on product
B
production cost incurred on product
C
marketing cost incurred on product
D
all of above
Question 16
Expected dividends in each year and price investor expecting to get at selling of stock are two components of
A
dividend cash flow
B
expected cash flows
C
price cash flows
D
investing cash
Question 17
..... is the value of economic resources used as a result of producing or doing the thing costed.
A
Cost
B
Inventory
C
Labour
D
overhead
Question 18
The minimum number of members in a private limited company is.....
A
2
B
3
C
7
D
10
Question 19
Which protocol permits users to transfer files from the server to their client computer, and vice versa?
A
HTTP
B
SMTP
C
IMAP
D
FTP
Question 20
The price which one subsidiary or one unit of business charges from another for selling goods or providing services is
A
Transfer price
B
Strike price
C
Spot price
D
Forward rate
There are 20 questions to complete.

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