Commerce online quiz 218

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
In India, Liberalisation & Privatisation began from
A
1991
B
1971
C
1981
D
1947
Question 2
What is the validity of challan in FORM GST PMT-06?
A
1 day
B
5 days
C
15 days
D
Perpetual validity
Question 3
Direct manufacturing labour costs is $40000 and manufacturing overhead cost is $7000, then conversion cost would be
A
$47, 000
B
$33, 000
C
$57, 000
D
$18, 000
Question 4
What is the legal protection afforded an expression of an idea, such as a song, video game, and some types of proprietary documents?
A
Ethics
B
Intellectual property
C
Copyright
D
Fair Use Doctrine
Question 5
.arises where the actual process loss is less than the normal predetermined process loss.
A
Normal loss
B
abnormal loss
C
abnormal gain
D
none of these
Question 6
The communication standard for sharing business documents and settlement information that emerged in the 1970s is called.....
A
ECD
B
EDI
C
IDE
D
BCB
Question 7
Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as
A
continuously variable cost function
B
fixed cost function
C
mixed cost function
D
semi variable cost function
Question 8
Which is NOT a cause of shift in cost curves of a firm?
A
Excise tax
B
Prices of inputs
C
Increase in productivity
D
Price of product
Question 9
Falling interest rate leads change to bondholder income which is
A
reduction in income
B
increment in income
C
matured income
D
frequent income
Question 10
Is it obligatory on the part of the Department to take on record the assessee's representation during adjudication and issue of order?
A
Yes
B
No
C
At proper officer's discretion
D
If requested by notice
Question 11
depreciation of an asset of Rs.40, 000 at the rate of 10% per annum at the end of third year is..... on using reducing balance method
A
2000
B
3600
C
3240
D
4000
Question 12
Comparing Rowan plan and Halsey plan, it is seen that when the time saved is less than 50% of the standard time.....
A
Rowan plan allows more wages to a worker than Halsey plan
B
Rowan plan allows less wages to a worker than Halsey plan
C
Rowan and Halsey plan allow equal wages to a worker
D
Rowan plan and Halsey plan are equal to ordinary time wage
Question 13
Appointment of a Company Secretary is made by-
A
Promoters
B
Board of Directors
C
Debenture holders
D
Government
Question 14
Economic development can be best measured by?
A
increase in Gross National Income
B
Poverty ratios
C
Growth in real per capita in GNP
D
Faster capital formation
Question 15
Union leaders are in better position to bargain for higher wages if demand for labour is
A
Elastic
B
Inelastic
C
Very large
D
Permanent
Question 16
The assets which have a limited useful life are termed as
A
Limited assets
B
Depreciable assets
C
Unlimited assets
D
None of the above
Question 17
The Reserve Bank of India (RBI) acts as a bankers' bank. This would imply which of the following? 1 Other bank retains their deposits with the RBI. 2 The RBI lends funds to the commercial banks in times of need. 3 The RBI advises the commercial banks on
A
2 and 3 only
B
1 and 2 only
C
1 and 3 only
D
1, 2 and 3
Question 18
Which of the following is an Internet-based company that makes it easy for one person to pay another over the Internet?
A
electronic check
B
electronic bill presentment and payment
C
conversion rates
D
financial cybermediary
Question 19
The closing balance of petty cash book is considered as
A
Liability
B
Asset
C
Expenses
D
Income
Question 20
In inter process profits, the output of one process is transferred from one process to another not at.....but at.....
A
Market price, actual cost
B
Actual cost, market price
C
both a& b
D
none of these
There are 20 questions to complete.

Leave a Reply

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