10000 MCQ /questions on commerce questions answers
Select the incorrect statement/statements about the co-operative banks in India from given choices: i. Co-operative banks are small sized units organized in the cooperative sector, which operate both in urban and non-urban centers. ii. They are regulated
Both i and ii
Neither i and ii
What are the consequences, where a registered person fails to furnish the return required under Section 39 or Section 45, even after the service of a notice under Section 46?
The proper officer may proceed to assess the tax liability of the said person to the best of his judgement.
issue an assessment order within a period of five years from the date specified under Section 44
Either (a) or (b)
Both (a) and (b)
Which of the following is the most valid reason for India to export gold to Bank of England in 1991?
To set up India-UK bilateral relationship
India returned UK gold
To meet foreign exchange crisis
For Investment in Bristish companies
According to Black Scholes model, purchaser can borrow fraction of security at risk free interest rate which is
no transaction cost
Financial security issued by banks operating outside U.S is classified as
Eurodollar market deposits
An increase in marginal cost of capital and capital rationing are two arising complications of
maximum capital budget
greater capital budget
optimal capital budget
minimum capital budget
A person shall not be appointed as Director if he is found to be of unsound mind by:
the company court
a court of competent jurisdiction and the finding is in force
Type of financial securities that matures in less than a year are classified as
money market securities
capital market securities
Discounted cash flow analysis is also classified as
time value of stock
time value of money
time value of bonds
time value of treasury bonds
Professionals such as doctors, accountants and lawyers often make corporations are classified as
Both B and C
Basis of apportionment of creche expenses is..
Number of employees
number of female employees
number of male employees
On the death of a partner the amount of joint life insurance policy should be credited to the Capital A/c of-
All partners (including deceased one) in their profit sharing ratio)
Remaining partners in their old profit sharing ratio
Remaining partners equally
All partners (including deceased) in their capital ratio
The following is (are) the current liability (ies)
All of the above
The principle of indemnity does not apply to.....
Life and Personal Accident insurance
Fully paid-up shares are called.....
Market where market makers keep record of stock of financial instruments is classified as
outcry auction system
face to face communication
Service costing is used in industries producing.....
Both (A) and (B)
none of these
Method which divides support department cost into two dimensions such as fixed and variable cost pool is classified as
sales mix allocation method
dual-rate cost-allocation method
single rate cost allocation method
quantity variance allocation method
Current audit is also known as-
Point in joint production process, in which two or more products are separately identifiable is termed as
step down point
split off point
There are 20 questions to complete.