Commerce online quiz 255

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
From when will the period of one or three years be calculated under Section 143?
A
The day when such inputs and/or capital goods sent to job-worker
B
The day when the job-worker receives the said goods, in case the job-worker receives the goods directly
C
Option (a) and (b)
D
None of the above
Question 2
Defectives are that portion of production which can be at some extra cost of re-operation.
A
Sold
B
rectified
C
purchased
D
none of these
Question 3
Net investment in operating capital is Rs 5000 and net operating profit after taxes is Rs 8000 then free cash flow would be
A
Rs 13, 000.00
B
-Rs 3, 000.00
C
Rs 3, 000.00
D
-Rs 13, 000.00
Question 4
Which of the following is a selling expense?
A
Any tax/freight is paid on purchases
B
General salaries paid to laborers
C
Tax & freight paid on sale
D
Interest on deposits
Question 5
The time limit for filing an appeal before the Tribunal will be:
A
Within 6 Months from the date of the communication of the Order
B
Within 4 Months from the date of the communication of the Order
C
Within 3 Months from the date of the communication of the Order
D
Within 2 Months from the date of the communication of the Order
Question 6
Law of demand shows relation between
A
Income and price of commodity
B
Price and quantity of commodity
C
Income and quantity demanded
D
Quantity demanded and quantity supplied
Question 7
A public corporation is set up-
A
By a Special Act of Parliament
B
By a special order of the Government
C
Under Indian Companies Act, 1956
D
By none of the above
Question 8
Which of the following would be considered a risk-free investment?
A
Gold
B
Equity in a house
C
High-grade corporate bonds
D
Treasury bills
Question 9
Tender Price means-
A
Quotation Price
B
Probable Sale Price
C
Price informed to the customer
D
All of the above
Question 10
E-mail messages may be stored on which of the following computers?
A
Sender's computer
B
Sender's server
C
Recipient's server
D
All of the above
Question 11
Which of the following is correct regarding Operating Hours of NEFT?
A
NEFT operates in hourly batches-there are twelve settlements from 8 am to 7 pm on week days and six settlements from 8 am to 1 pm on Saturdays.
B
NEFT operates in batches of 2 hours each-there are seven settlements from 9 am to 5 am on week days and five settlements from 9 am to 1 pm on Saturdays.
C
NEFT operates in batches of one hour and two hour-there are nine settlements from 9 am to 5 am on week days and three settlements from 9 am to 12 pm on Saturdays.
D
24*7
Question 12
Retiring partner should intimate the retirement to
A
Department
B
Government
C
Commissioner
D
All of the above
Question 13
The left side of an account is known as..... and the right side as.....
A
Debit, Credit
B
Credit, Debit
C
Liability, Asset
D
None of the above
Question 14
Details of Outward supplies shall include
A
Invoice
B
Credit and Debit notes
C
Revised invoice issued in relation to outward supplies
D
All the above
Question 15
Second ranked product in incremental revenue allocation method is termed as
A
primary product
B
First incremental product
C
Second incremental product
D
Third incremental product
Question 16
Securities future value is Rs 1, 000, 000 and present value of securities is Rs 500, 000 with an interest rate of 4.5%, 'N' will be
A
16.7473 years
B
0.0304 months
C
15.7473 years
D
0.7575 years
Question 17
Memory unit performs the function of.....
A
calculations at a very high speed
B
giving out the end product
C
controlling at the operating units
D
storing the data
Question 18
The marketing concern generally taps three sources for financing its activities there are
A
Owned Capital
B
Trade Credit
C
Bank Credit
D
All of these
Question 19
Following information is available of PQR for year ended March, 20XX: 4, 000 units in process, 3, 800 units output, 10% of input is normal wastage, Rs 2.50 per unit is scrap value and Rs 46, 000 incurred towards total process cost then amount on account of
A
Rs 2, 500
B
Rs 2, 000
C
Rs 4, 000
D
Rs 3, 500
Question 20
Required return is 15% and premium for risk is 11% then risk free return would be
A
26.00%
B
4.00%
C
16.50%
D
1.36%
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *