10000 MCQ /questions on commerce questions answers
Internal Auditor is appointed by the:
shareholders of the company
Institute of internal Auditors of India
Board of Directors of the Company
Which type of subsidies are provided to industrial research and pro competitive development activity in disadvantaged regions?
None of the above
Ability to trade at net price very quickly is classified as
fixed price trading
Which one of the following statements is correct? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity, it would
have no effect on liquidity
improve financial position
Total utility is maximum when
Marginal utility is zero
Marginal utility is at its highest point
Marginal utility is equal to average
Average utility is maximum
Which of the following is not a type of interview?
Interview Rating Firm
Other factors held constant, but lesser project liquidity is because of
shorter payback period
greater payback period
less project return
greater project return
Markets which deal with buying and selling of bonds, mortgages, notes and stocks are considered as
financial asset markets
physical asset markets
Principal entitled for input tax credit on capital goods if sent for job work
If goods sent are returned within one year
If goods sent are returned within three years
If goods sent are returned within six months
If goods sent are returned within nine months
Fixed assets received as a gift will be credited to-
Capital Reserve A/c
Profit & Loss A/c
Expected returns weighted average on assets in portfolio is considered as
expected return on portfolio
coefficient of portfolio
One of the Fundamental accounting assumption is
What are the conditions for filing an application for settlement? (i) Filing of the returns, if the same is not waived by the settlement commission (ii) Receipt of SCN or Appeal pending before the FAA (iii) Additional admitted tax in the application for
i, ii & iii
i, ii & iv
ii, iii & iv
i, ii, iii & iv
Price per share is Rs 30 and an earning per share is Rs 3.5 then price for earning ratio would be
Number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate
annual irrelevant ordering costs
annual relevant carrying costs
annual relevant ordering costs
annual irrelevant carrying costs
Maintaining a foreign currency account is helpful to
Avoid transaction cost.
Avoid exchange risk.
Avoid both transaction cost and exchange risk.
Avoid exchange risk and domestic currency depreciation
Which of the following is a personal account?
What should the taxable person do if he pay's tax under wrong GSTIN?
Pay again under right GSTIN and claim refund
Adjustment on application/request
Raise ISD invoice and transfer
FEMA stands for.....
Foreign Exchange Management Act
Funds Exchange Management Act
Finance Enhancement Monetary Act
Future Exchange Management Act
An increase in CRR by RBI leads to:
Decrease in deposit
Increase in deposit
Increase in lendable resources
Decrease in lendable resources
There are 20 questions to complete.