Commerce online quiz 241

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Which one of the following correctly signifies the purpose of an Organization Chart?
A
Office Decor
B
Indication of available Office services
C
Flow of Authority
D
High Morale
Question 2
As for the cost of production of an individual farmer, the rent paid by him
A
Enters into the price of his product
B
Does not enter into price of his product
C
Is unjustified
D
None of the above
Question 3
In plotting cost functions, number of machine hours and batches are represented on
A
unit axis
B
term axis
C
x-axis
D
y-axis
Question 4
The process of determining how to pursue long-term goals with the expected resources available to the orgnisation is called-
A
Operational planning
B
Strategic planning
C
Intermediate planning
D
Tactical planning
Question 5
When Marginal Utility is zero, Total Utility is
A
Minimum
B
Maximum
C
Law of return
D
None of the above
Question 6
New industrial policy was introduced in
A
1990
B
1991
C
1992
D
1993
Question 7
Which of the the following document is / are considered as officially valid documents to satisfy KYC norms for opening a bank account?
A
Passport
B
PAN
C
Aadhar Number issued by Unique Identification Authority of India
D
Only 1 and 2
Question 8
Which of the following banks stimulates the agricultural and rural development?
A
EXIM Bank
B
Exchange Bank
C
HDFC Bank
D
NABARD
Question 9
When price is below equilibrium level, there will be
A
Surplus commodity in the market
B
Shortage of commodity in the market
C
Supply curve will shift
D
Demand curve will shift
Question 10
Which of the following describes e-commerce?
A
Doing business electronically
B
Doing business
C
Sale of goods
D
All of the above
Question 11
A and B are partners in a firm. They admit C into partnership by giving him fourth share in future profits. The new profit sharing ratio of all the partners will be?
A
3:2:1
B
3:1:2
C
3:3:2
D
3:3:3
Question 12
Preliminary expenses are treated as
A
Fixed asstes
B
Current assets
C
Intangible assets
D
Miscellaneous expenditure
Question 13
India is not associated with
A
SAARC
B
NAFTA
C
BRICS
D
None of these
Question 14
All of the following are steps in the systems development life cycle except.....
A
Systems Design
B
Testing
C
Implementation
D
Debugging
Question 15
Processing of data through computer is done by its.....
A
output unit
B
control unit
C
CPU
D
mouse
Question 16
Eligibility of credit on capital goods in case of change of scheme from Composition scheme to Regular scheme
A
Eligible during application for Regular scheme
B
Not eligible
C
Yes Immediately before the date from which he becomes liable to pay tax under the Regular scheme
D
None of the above
Question 17
Allotment of whole item of cost to a cost centre or cost unit is known as:
A
Cost Apportionment
B
Cost Allocation
C
Cost Absorption
D
Machine hour rate
Question 18
.aids in price fixation.
A
Financial accounting
B
cost accounting
C
management accounting
D
none of these
Question 19
Match List-I with List-II and select the correct answer using the Code given below the Lists: \begin{table}[H]\centering \begin{tabular}{|c|c|}\hline List-I & List-II \\\hline A. Statutory report& 1. Sec. 200\\\hline B. Prohibition of tax-free remunerat
A
$A-4, B-1, C-2, D-3$
B
$A-2, B-3, C-4, D-1$
C
$A-4, B-3, C-2, D-1$
D
$A-2, B-1, C-4, D-3$
Question 20
FIFO is.....
A
Fast Investment in Future Order
B
First In First Out
C
Fast In Fast Out
D
Fast Issue Of Fast Order
There are 20 questions to complete.

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