Commerce online quiz 254

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Error which affect only one account can be
A
Error of complete omission
B
Error of posting
C
Compensatory errors
D
None of the above
Question 2
A higher inventory ratio indicates
A
Better inventory management
B
Quicker turnover
C
Both A and B
D
None of the above
Question 3
Material Usage Variance=Material Mix Variance +.....
A
Material Yield Variance
B
Material cost variance
C
Material price variance
D
Material quantity variance
Question 4
An assessee has paid life insurance premium of Rs. 25, 000 during the previous year for a policy of Rs. 1, 00, 000. He shall
A
Not be allowed deduction u/s 80C
B
Be allowed Deduction u/s 80C to the extent of 20% of the capital sum assured i.e.Rs. 20, 000
C
Be allowed Deduction for the entire premium as per the provisions of section 80C
D
None of the above
Question 5
Which of the following banks is not nationalized in 1969.....
A
Central Bank of India
B
Dena Bank
C
Canara Bank
D
Oriental Bank of Commerce
Question 6
A risk which is classified as its contribution to risk of portfolio is classified as
A
classified risk
B
contributed risk
C
irrelevant risk
D
relevant risk
Question 7
If the goods are complementary like car and petrol, their cross elasticity is
A
Negative
B
Positive
C
Zero
D
Infinite
Question 8
Filing is an important aspect of.....
A
record keeping
B
book keeping
C
house-keeping
D
time keeping
Question 9
One of the statements given below provides evidence for the semi-strongly efficient form.
A
Low P/E ratio effect
B
The size effect
C
Effect on the stock split
D
Weekend effect
Question 10
If conversion cost is $25000 and direct manufacturing labour cost is $17000, then manufacturing overhead cost would be
A
$14, 700
B
$68, 000
C
$8, 000
D
$42, 000
Question 11
Unique value auction is mainly applies to?
A
New products
B
Second hand products
C
Engineering products
D
None of the above
Question 12
What best explains a shift in market supply curve to the right?
A
An advertising campaign is successful in promoting the good
B
A new technique makes it cheaper to produce the good
C
The government introduces a tax on the good
D
The price of raw materials increases
Question 13
What is the maximum time limit to claim the Input tax credit?
A
Till the date of filing annual return
B
Due date of September month which is following the financial year
C
Earliest of (a) or (b)
D
Later of (a) or (b)
Question 14
Banks do not provide which of the following services?
A
Issuing Bank Draft
B
Depositing Money
C
Sale of post.cards and postal stamps
D
Lockers for valuable items/documents
Question 15
What is the name of the division of the U.S. Department of Homeland Security that coordinates cyber incident warnings and responses across government and private sectors?
A
US-CERT
B
OECD
C
IC3
D
P3P
Question 16
Govt. of India has created a special India Micro finance Equity Fund of Rs. 100 Crores. The fund is maintained by
A
RBI
B
SIDBI
C
NABARD
D
SEBI
Question 17
Which of the following is a type of budget according to function?
A
Fixed Budget
B
Operating Budget
C
Long term Budget
D
Flexible Budget
Question 18
Volume variance is divided into.....
A
Capacity variance, calendar variance andExpenditure variance
B
Capacity variance, calendar variance and efficiency variance
C
Capacity variance, expenditure variance and efficiency variance
D
Calendar variance, expenditure variance and efficiency variance
Question 19
Job Evaluation is carried on mainly for-
A
identifying geographical locational factors of business enterprise
B
promoting job satisfaction
C
simplifying wage administration
D
meeting competition effectively
Question 20
The..... co-operative societies are started to help lower and middle class people.
A
Consumers
B
Producers
C
Marketing
D
Housing
There are 20 questions to complete.

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