10000 MCQ /questions on commerce questions answers
Opening Stock: Rs. 15, 000 Purchases: Rs. 95, 000 Closing Stock:Rs. 29, 000 Gross Profit 10% of sales The amount of sales will be?
Rs. 60, 000
Rs. 72, 000
Rs. 80, 000
Rs. 90, 000
If any actions are instituted against the admissibility of ITC under earlier law either before or after the implementation of GST, how it will be treated under GST?
Collected as a tax arrears under earlier law
Collected as a tax arrears in the GST
Either a) or b)
None of the Above
Which of the following taxes will be levied on Imports?
In case, more than one place of business situated within a state specified in the Registration Certificate, the books and Accounts shall be maintained at
Each place of business pertaining to such place alone
Place where the books of accounts are maintained for all places situated within a state
At principal place of business covered mentioned in the Registration Certificate for all places of business in each state
Any of the above
What does price elasticity of demand measure?
Change in price caused by changes in demand
The rate of change of sales
The responsiveness of demand to price changes
The value of sales at a given price
The assessment made with proper sanction and mostly without any personal hearing due to the sufficient reason that the person will fail to discharge tax liability or delay in assessment will adversely affect the interest of revenue is called:
Best Judgment Assessment
An efficient set of portfolios represented through graph is classified as an
Cash Account is
None of the above
Sheets before and after the text of a book are called......
Return on Investment Ratio (ROI) =
(Gross profit / Net sales) x 100
(Gross profit x Sales / Fixed assets) x 100
(Net profit / Sales) x 100
(Net profit / Total assets) x 100
When a firm is credited with high market share in a market identified with low growth rate, it is known as:
Graph which is plotted for projected net present value and capital rates is called
net loss profile
net gain profile
net future value profile
net present value profile
Establishment of management by objectives presupposes:
that limits of authority are not defined
that the employees are provided with result expected
Unlimited freedom to operate in the assigned task
Unlimited freedom to set goals
Banking ombudsman may reject the complaint
immediately after receipt
after hearing both parties
at any stage
None of the above
The present share of India's trade in the world trade is
less than 1 per cent.
1.2 per cent.
1.5 per cent.
1.8 per cent.
An attempt to make correction by adjusting historical beta to make it closer to an average beta is classified as
The EU is the major provider of FDI for:
developing Asian countries
all of these regions.
Consider the following statements: Redeemable preference shares can be redeemed out of
- Sale proceeds of the new issue of shares
- Sale proceeds of the new issue of debentures
- Profits available for dividends <
1 and 3 are correct
1 alone is correct
2, 3 and 4 are correct
1, 2, 3 and 4 are correct
What liabilities can be recovered under this section?
All of the above
The permissible time period to file appeals before the High Court in the normal course will be:
Within 30 days from the date of receipt of the Tribunal Order
Within 90 days from the date of receipt of the Tribunal Order
Within 60 days from the date of receipt of the Tribunal Order
Within 180 days from the date of receipt of the Tribunal Order
There are 20 questions to complete.