Commerce online quiz 229

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Which one of the following statement is CORRECT about long term liabilities?
A
These are due within one year
B
These consist of all debts, payabke after 12 months
C
In working capital, these are deducted from current assets
D
All of the above
Question 2
Spearman's method is the method of calculating coefficient of correlation by
A
Irvin Fischer
B
Charles Spearman
C
Lorenz
D
Karl Pearson
Question 3
Part of master budget, which covers capital expenditures, budgeted statement of cash flows and balance sheet is classified as
A
financial budget
B
capital budget
C
cash flows budget
D
balanced budget
Question 4
An individual stock required return is equal to risk free rate plus bearing risk premium is an explanation of
A
security market line
B
capital market line
C
aggregate market line
D
beta market line
Question 5
Which of the rate is not determined by Reserve Bank of India?
A
Bank Rate
B
Cash Reserve Ratio
C
Statutory Lending Rate
D
Prime Lending Rate
Question 6
According to which of the following the firms market value is not affected by capital market.
A
M.M. Hypothesis
B
Net Income Approach
C
The Traditional View
D
None of the above
Question 7
In GST, interest on delayed refunds are eligible from
A
1 Month After the date of receipt of the refund Application
B
2 Months After the date of receipt of the refund Application
C
3 Month After the date of receipt of the refund Application
D
No Interest at all.
Question 8
104: The method of depreciation is applied consistently to provide comparability of the results of the operations of the enterprise from period to period. A change from one method of providing depreciation to another is made only
A
If the adoption of the new method is required by statute
B
For compliance with an accounting standard
C
If it is considered that the change would result in a more appropriate preparation or presentation of the financial statements of the enterprise
D
All of the above
Question 9
The Tourist can claim Refund of following taxes paid
A
CGST and SGST/UTGST on supply of Goods and services
B
IGST on supply of goods consumed in Jammu & Kashmir
C
Tax paid on the supply of scotch to be taken out of India
D
None of the above
Question 10
Goods worth Rs. 2, 000 were distributed to employees free of charge. The account to be debited is-
A
Profit and Loss A/c
B
Advertisement A/c
C
Labour Welfare A/c
D
Goods A/c
Question 11
Material price variance is the difference between standard and actual prices of materials used multiplied by..
A
Actual quantity of materials used
B
Budgeted quantity of materials used
C
Standard quantity of materials used
D
Either a or b
Question 12
If a preferred stock issue is cumulative, this means.....
A
dividends are paid at the end of the year
B
dividends is legally binding on the corporation
C
unpaid dividends will be paid in the future
D
unpaid dividends are never repaid
Question 13
If direct material cost is $5500 and prime cost is $25000, then direct manufacturing labour would be
A
$19, 500
B
$30, 500
C
$45, 500
D
$22, 500
Question 14
Transfer of business includes
A
Sale
B
Lease
C
License
D
All the above
Question 15
..... is not required in Promissory Note
A
Acceptance
B
Noting
C
Discounting
D
None of the above
Question 16
A risk-free stock has a beta value equals
A
-1
B
Zero
C
0.5
D
1
Question 17
In weighted average cost of capital, cost of capital which is risk adjusted and developed for each category of
A
long-term projects
B
industry [industrial] projects
C
divisional projects
D
short-term projects
Question 18
An annual general meeting may be called after giving shorter notice instead of 21 clear days, if consent is accorded by-
A
All the directors of company
B
All the members entitled to vote there at
C
Majority of members entitled to vote there all
D
None of the above
Question 19
As per agreement on Monetary policy frame work between GOI and RBI which of the following are true?
  1. Once in every six months, RBI should publish document related to forecasts of inflation for the period between 6 to
A
1, 2, 4
B
1, 3, 4
C
1, 2, 3
D
All the above
Question 20
The cost on one thing in terms of the alternative given up is known as
A
Production cost
B
Physical cost
C
Real cost
D
Opportunity cost
There are 20 questions to complete.

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