Commerce online quiz 235

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The time limit to pay the value of supply with taxes to avail the input tax credit?
A
Three months
B
Six Months
C
One hundred and eighty days
D
Till the date of filing of Annual Return
Question 2
If cost of goods sold is Rs. 100, 000, other; operating expenses are Rs. 20, 000 and total net sales are Rs. 150, 000 the operating ratio will be equal to....
A
70%
B
80%
C
90%
D
100%
Question 3
If one dealer fails to give the additional information for final registration in GST within the prescribed time period, what will be the fate of the provisional registration?
A
It will be cancelled giving SCN
B
He will be issued compulsory final Registration without allowing any ITC
C
Either a) or b)
D
None of the above
Question 4
Persons arrested for cognizable offences are to be produced before the Magistrate within.....
A
12 Hours
B
24 Hours
C
48 Hours
D
At the next working day
Question 5
What is meant by Autarky in international trade?
A
Monopoly in international trade
B
Imposition of restrictions in international trade
C
Removal of all restrictions from international trade
D
The idea of self sufficiency and no international trade by a country
Question 6
According to probability distribution of rates of return, a close outcome to an expected value is shown by
A
value distribution
B
expected distribution
C
more peaked distribution
D
less peaked distribution
Question 7
Capital of a business decreases if there is an increase in
A
Drawings
B
Income
C
Gains
D
Fresh capital
Question 8
Office is a place where.....
A
office work is done
B
employees are housed
C
records are kept
D
control is situated
Question 9
Type of basic financial statements consist of
A
balance sheet and income statement
B
statement of retained earning
C
statement of cash flows
D
all of above
Question 10
In which form of the market structure is the degree of control over the price of its product by a firm very large?
A
Monopoly
B
Imperfect condition
C
Oligopoly
D
Perfect competition
Question 11
Accession Number means
A
Call Number of a book
B
Unique Number for a book inside a particular library.
C
Book Number
D
Class number
Question 12
Liberalization means
A
Reducing number of reserved industries from 17 to 8
B
Liberating the industry, trade and economy from unwanted restrictions
C
Opening up of economy to the world by attaining international competitiveness
D
Free determination of interest rates
Question 13
GST Stands for
A
Goods and Supply Tax
B
Government Sales Tax
C
Goods and Services Tax
D
General Sales Tax
Question 14
Net investment in operating capital is subtracted from net operating profit after taxes to calculate
A
relevant inflows
B
free cash flow
C
relevant outflows
D
cash outlay
Question 15
In order to determine the expected return of a portfolio, all of the following must be known except.....
A
probabilities of expected returns of individual assets
B
weight of each individual asset to total portfolio value
C
expected return of each individual asset
D
all of the above must be known in order to determine the expected return of a portfolio
Question 16
Function which is used to measure decline in per unit cost of different business functions is classified as
A
mixed curve
B
experience curve
C
discrete curve
D
fixed curve
Question 17
Payment made through challan will be credited to which registers/ledgers?
A
Electronic Tax liability register
B
Electronic Credit ledger
C
Electronic Cash ledger
D
All of them
Question 18
Which form of e-commerce currently accounts for about 97% of all e-commerce revenues?
A
B2B
B
B2C
C
C2B
D
C2C
Question 19
Dividend yield is 25% and current price is Rs 40 then dividend yield will be
A
Rs 50.00
B
Rs 10.00
C
Rs 65.00
D
Rs 15.00
Question 20
The activities of ADB include
A
project financing
B
guaranteeing loans
C
both a and b
D
risk management products
There are 20 questions to complete.

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