Commerce online quiz 27

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The status of the auditor in a company is that of~
A
an employee
B
a trustee
C
an independent professional
D
all of these
Question 2
Land, buildings, and factory fixed equipment are classified as
A
tangible asset
B
non-tangible assets
C
financial asset
D
financial liability
Question 3
When standard output is 10 units per hour and actual output is 12 units per hour, the efficiency is.....
A
75%
B
80%
C
90%
D
120%
Question 4
Decrease in current liabilities is?
A
Source of cash
B
Use of cash
C
None of (A) and (B)
D
Both of (A) and (B)
Question 5
Which of the monetary policy tool(s) is /are NOT with government securities?
  1. Cash Reserve Ratio
  2. Repo Rate
  3. Statutory Liquidity Ratio
  4. Marginal Standing Facility
Select the correct answer using the
A
1 and 2 only
B
1 only
C
1 and 4 only
D
4 only
Question 6
Forth step in process costing system is to
A
summarize total costs
B
compute cost for each equivalent unit
C
summarize flow of output
D
compute output in units
Question 7
Which portal business model best describes Yahoo?
A
general purpose portal
B
affinity group based vertical market
C
focused content based vertical market
D
none of the above
Question 8
Consider the following statements in respect of the ''Duty Free Import Authorization Scheme''.
  1. The scheme offers the facility to import the required inputs before exports.
  2. The scheme allows the transfer of scrip
A
1 only
B
2 only
C
Both 1 and 2
D
Neither1 nor 2
Question 9
Objectives of training is
A
Increased morale
B
Increased productivity
C
Favourable reaction to change
D
All of the above
Question 10
Broadband is generally considered to be any communication technology allowing streaming audio and video at or above.....
A
100 Kbps
B
56.6 Kbps
C
30 Kbps
D
10 Kbps
Question 11
Companies that help to set benchmarks are classified as
A
competitive companies
B
benchmark companies
C
analytical companies
D
return companies
Question 12
A factor of production, whose supply is fixed in the short tun, may get additional earnings. These earnings are generally referred to as
A
Surplus value
B
Quasi-rent
C
Transfer earnings
D
Super normal profits
Question 13
Classification of cost is useful.....
A
to find gross profit
B
to find net profit
C
to identify costs
D
to identify efficiency
Question 14
Registration of Articles of Association is optional in the case of:
A
unlimited company
B
private company limited by shares
C
company limited by guarantee
D
public company limited by shares
Question 15
Who protects system from external threats?
A
firewall
B
EDI
C
ERP
D
Script kiddies
Question 16
If flexible budget amount is $27000 and flexible budget variance is $12000, then actual result amount would be
A
$27, 000
B
$15, 000
C
$39, 000
D
$49, 000
Question 17
On the transition date which of the following credits are not available
A
Credit available in the return filed under the old law
B
Credit of goods in transit
C
Credit of incomplete services
D
Exempted goods in transit and taxable under the new GST law
Question 18
..... is example of financial intermediaries.
A
Commercial banks
B
Investment bank
C
Insurance companies
D
All of the above
Question 19
In case of monopoly
A
Marginal revenue curve always slopes upward
B
Total revenue curve always slopes upward
C
Marginal revenue is always equal to average revenue
D
Marginal revenue is always less than average revenue
Question 20
A Trial Balance contains the balances of
A
Only Real A/c
B
Real A/c and Nominal A/c
C
Personal A/c
D
Both 'b' and 'c'
There are 20 questions to complete.

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