10000 MCQ /questions on commerce questions answers
Which of the following statements is 'True'?
Building Account is a nominal account
Outstanding rent account is a non-personal account
Every debit has a corresponding credit
Income is debited
Difference between budgeted amounts and actual results is classified as
The date by which the GSTN will auto populate the statement of inward supplies based on GSTR-1 at the end of the recipient of the supplies?
On 11th of the Next Month
On 15th of the Next Month
On 17th of the Next Month
On 20h of the Next Month
A cash deposit made by business appears on the bank statement as..... balance
Amount spent on an advertisement campaign, the benefit of which is likely to last for three years is a
Deferred revenue expenditure
None of the above
Which of the following is not true about claiming refund of service tax under section 142?
Service tax is deposited under earlier law
Provision of service is complete under earlier law
Refund of service tax would be in cash
Refund claim should be within the time limit under section 11B(2) of the Central Excise Act, 1944
Which of the following is not an intangible asset
Which is the problem of marketing communication?
Hidden sources and data
Lack of trust
All of the above
Interest on Saving Bank deposits is calculated on the basis of.....with effect from 1st April 2010.
Daily Product basis
Minimum balance between 5th and last day of the month.
Minimum balance between 10th and last day of the month.
Monthly Product basis
TQM's major emphasis is on
A competitive firm maximizes profit at the output level where
Price equals marginal cost
The slope of the firm's profit function is equal to zero
Marginal revenue equals marginal cost
All of the above
One of the items is not related with e-banking
Which of the following is a useful security mechanism when considering business strategy and IT?
all the above
Project which is started by firm for increasing sales is classified as
new expansion project
old expanded project
firm borrowing project
product line selection
The documents called for should be provided within.....
20 working days
15 working days
5 working days
45 working days
According to capital asset pricing model assumptions, quantities of all assets are
given and fixed
not given and fixed
not given and variable
given and variable
Cost of abnormal wastage is:
Charged to the product cost
Charged to the profit & loss account
charged partly to the product and partly profit & loss account
not charged at all
Elasticity of supply refers to the degree of responsiveness of supply of a commodity to changes in its
Cost of production
State of technology
In a marine insurance, when must the insurable interest exist?
At the time of making contract
At the time of loss of subject matter
Both at the time of making contract and at the time of loss of subject matter
At the time of termination of the policy
Positive income elasticity implies that as income rises, demand for the commodity
There are 20 questions to complete.