Commerce online quiz 234

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Introduction of capital by owner of business is recorded on which side of a cash book?
A
Receipts
B
Payments
C
Incomes
D
Expenditures
Question 2
Which of the following is correct
A
opening stock + Purchases + Closing stock = Cost of goods sold,
B
Cost of goods sold-closing stock-purchase = opening stock
C
Cost of goods sold + Closing stock-opening stock = purchase,
D
opening stock + cost of goods sold-purchase = closing stock.
Question 3
What does FII stands for?
A
Foreign Institutional Investor
B
France Institutional Investor
C
Forestry Innovation Investment
D
Foreign Indirect Investment
Question 4
Which one of the following is not a kind of statistical series?
A
Individual
B
Discrete
C
Classified
D
Signed
Question 5
'Sensitive sector' as defined by RBI includes(s)-
A
Capital Market
B
Real Estate
C
Commodities
D
All of the above
Question 6
Interest is paid because
A
Capital is scarce
B
Capital is productive
C
Capital is attractive
D
Capital is surplus
Question 7
An interest rate which is used in calculation of cash flows of bonds is called
A
required rate of redemption
B
required rate of earning
C
required rate of return
D
required option
Question 8
Initiation of action under this section is by a Proper Officer not below the rank of..
A
Superintendent
B
Joint Commissioner
C
Inspector
D
Commissioner
Question 9
Which of the following rates decided by the RBI is called ''Policy Rate''?
A
Lending Rate
B
Cash Reserve Ratio
C
Bank Rate
D
Deposit Rate
Question 10
What harnesses far-flung computers together by way of the Internet or a virtual private network to share CPU power, databases, and database storage?
A
Computer virus
B
Worm
C
Denial-of-service attack
D
None of the above
Question 11
Assertion (A). One cannot be sure about the quality of appraisal on the basis of length of service. Reason (R). lnitial appraisal and promotion appraisal are done separately and differently since the length of service is different.
A
(R) is correct but (A) is not correct.
B
(A) is correct but (R) is not correct.
C
(A) and (R) both are correct.
D
(A) and (R) both are not correct.
Question 12
Re-ordering level =. X Maximum re-order period
A
Average re-order period
B
Maximum usage
C
Maximum consumption
D
Normal usage
Question 13
The necessary condition for equilibrium position of a firm is
A
MR=MC
B
MC>Price
C
MC=MR
D
MC=AC
Question 14
The revenue recognition principle dictates that all types of incomes should be recorded or recognized when
A
Cash is received
B
At the end of accounting period
C
When they are earned
D
When interest is paid
Question 15
GST compliance rating would be given to whom
A
Input Service Distributor
B
Supplier of Goods and/ or Services whose value of taxable turnover is greater than 20 lakhs
C
Composition Dealer & Person who is liable to deduct TDS/ collect TCS
D
All of the above
Question 16
Material mix variance = standard cost of standard mix-.....
A
Actual cost of actual mix
B
Actual cost of standard mix
C
Standard cost of actual mix
D
Standard cost of budgeted mix
Question 17
Documentary evidence, in a specific format used to record the details of a transaction is known as
A
Account
B
Voucher
C
Journal
D
Ledger
Question 18
In the debt equity ratio, equity refers to
A
Only preference capital
B
Only equity capital
C
Both preference and equity capitals plus all reserves
D
Only reserves
Question 19
A market structure in which many firms sell products that are similar but not identical is known as
A
Monopolistic competition
B
Monopoly
C
Perfect competition
D
Oligopoly
Question 20
Which of the following is / are assumption behind the realized yield approach?
A
The yield earned by investors has been, on average, in conformity with their expectations
B
The dividends will continue growing at a constant rate forever
C
The market price will continue growing at a constant rate forever
D
Both a and b
There are 20 questions to complete.

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