10000 MCQ /questions on commerce questions answers
stion Whether penalties under any other provisions of the Act be imposed in respect of adjudication proceedings under section 73 or 74?
At proper officer's discretion
None of the above
Who gave the 14 Principles of Management?
Who will notify the rate of tax to be levied under CGST?
Central Government suo moto
State Government suo moto
GST Council suo moto
Central Government as per the recommendations of the GST Council
If static budget is $208000 and flexible budget amount is $305000, then sales budget variance will be
Which one of the following is INCORRECT about closing stock?
It is added into current assets
It is deducted from Material available for use
It becomes opening stock of next year
It reduces the resources of business
If retention rate is 0.68 then payout rate will be
Given that the current ratio is 2:1, if the net working capital is Rs. 60, 600, then the amount of current liabilities would be:
Rs. 30, 300
Rs. 60, 600
Rs. 1, 21, 000
Rs. 90, 900
The objective of financial management is to.....
generate the maximum net profit
generate the maximum retained earnings
generate the maximum wealth for its shareholders
generate maximum funds for the firm at the least cost.
Which one of the following is not an objective of the introduction of Primary Dealer System?
To encourage a voluntary holding of govt. securities amongst a wider investor base
To make Primary Dealer System an effective conduct of open market operations
To strengthen the private equity infrastructure
To strengthen the govt. securities infrastructure
The duties of Company Secretary s regarding company meetings are restricted upto-
Before company meeting
During company meeting
After company meeting
ln all the above situations
Money Supply in India can be increased if.....
- RBI puts more paper money for circulation
- The commercial banks expand their credit operations
- The central Govt. gives more grants to the states
- The Govt. of
1, 2 and 3
2, 3 and 4
1, 3 and 4
1, 2 and 4
Cost, which is related to specific cost object and economically traceable, will be classified as
What are the offences which cannot be permitted to compound in GST? (i) Repetition of the offences serial numbered as 1 to 7 u/s.73 (ii) Repetition of the abetment in the case of the major offences listed u/s.73 (iii) Repetition of the tax evasion offenc
i, ii & iii
i, ii & iv
ii, iii & iv
I, ii, iii & iv
After retirement, the indirect Tax Gazetted Officers having a minimum 2 years' service as such are permitted to appear before the FAA and Tribunal after a period of?
One Year from Retirement
Two Years from Retirement
Three Years from retirement
Four Years from Retirement
In costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year:
ERP stands for.
Enterprise resolution planning
Enterprise reverse planning
Enterprise resource planning
None of the above
The term cost refers to.....
the present value of future benefits
the value of sacrifice made to acquire goods or services
an asset that has given benefit but now expired
the price of products sold or services rendered
In case, coefficient of correlation is negative, the curve representing the relation will be
Sundry overhead expenses may be apportioned in the ratio of.....
number of employees
directly contribute to the country's productive capacity
indirectly to the country's productive capacity
contribute to the country's productive capacity both directly and indirectly
do not contribute to the country's productive capacity either directly or indirectly
There are 20 questions to complete.