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.