10000 MCQ /questions on commerce questions answers
Under Merrick's multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between. of the standard output.
83% and 100%
100% and 120%
0% and 83%
none of these
A group of European countries have formed a union and created a common currency known as.....
the EU currency
the European Union
Price earning ratio and price by cash flow ratio are classified as
market value ratios
Which one of the following is the apex institution in finance sector of India?
Study the following statements and mark your answer according to the answer code given below-I. Planning is the first function of management. II. Planning provides a basis for organisation. Ill. Planning does not involve decision-making. IV. Planning is
I and III are correct
I and I are correct
I and IV are correct
II and IV are correct
In GST, the registration application approval is to be intimated by the respective SGST/CGST Officials within:
10 Common Working days in form GST REG-06
7 Common Working days in form GST REG-06
5 Common Working days in form GST REG-06
3 Common Working days in form GST REG-06
The companies globalise their operations through defficient means
Licensing / Franchising
All of the above
Transfer of Possession of Goods is
Actual Tax Point
Basic Tax Point
Either of the above
None of the Above
If market value is greater than book value then investors for future stock are considered as
The first organized stock exchange was set up in the year.....
.....is an example of long-term budget
Capital expenditure budget
Research and development budget
Both b & c
A feature of currency option that distinguishes it from other derivatives is
It carries premium to be paid up front.
It is optional to enter into the contract.
The buyer has only right, but no obligation to execute the contract
The seller has the right, but no obligation to execute the contract.
The Proposed Penalty for availing IPT without actual receipt of goods and /or services will be:
10, 000/-or wrongly availed IPT whichever is higher
25, 000/-or wrongly availed IPT whichever is higher
50, 000/-or wrongly availed IPT whichever is higher
No Penalty at all.
When the sales increase from Rs 40, 000 to Rs 60, 000 and profit increases by Rs 5, 000, the P/V ratio is-
Unemployment due to mechanization of agriculture is
A loss is a capital loss because
it arises due to abnormal reasons
it means withdrawal of capital
It relates to current assets
None of these.
In May 2013, firm was supplying 500kg of sugar at market price of Rs.30/-per kg. During June 2013, firm's supply of sugar had decreased to 450kg at price of Rs.20/-per kg. These changes show that supply of sugar is
Assertion (A):The liability of share holders in a private limited company is limited to the amount. Reason (R):The number of share holders of a private limited company is limited to fifty.
Both A and R are true and R is the correct explanation of A
Both A and R are true but R is not a correct explanation of A
A is true but R is false
A is false but R is true
Type of bonds that are issued by foreign governments or foreign corporations are classified as
zero risk bonds
If own debenture of Rs. 1, 000 is purchased for Rs. 975 from the market by the company, the difference of Rs. 25 will be assumed?
Profit on redemption of debenture
Loss on redemption of debenture
None of these
There are 20 questions to complete.