Commerce online quiz 271

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Cash discount is recorded in
A
Journal proper
B
Purchase Journal
C
Sales account
D
Cash book
Question 2
The person who deals in shares, debentures as independent operators are called as.....
A
brokers
B
jobbers
C
tarawaniwalas
D
manidiwalls
Question 3
..... is the arrangement of furniture and equipment with the available floor space.
A
Office accommodation
B
Office location
C
Office layout
D
Open office
Question 4
Public key cryptography is also known as..... cryptography.
A
Private key
B
Symmetric
C
Asymmetric
D
None
Question 5
A consumer consuming two goods will be in equilibrium, when the marginal utilities from both goods are
A
Maximum possible positive
B
Minimum possible positive
C
Equal
D
zero
Question 6
Intercom system is connected with.....
A
telephone exchange
B
PBX system
C
EBPAX system
D
FAX
Question 7
In capital budgeting, a negative net present value results in
A
zero economic value added
B
percent economic value added
C
negative economic value added
D
positive economic value added
Question 8
Whether property of a taxable person be provisionally attached to protect the revenue?
A
Yes
B
No
C
Cannot be done
D
None of the above
Question 9
Fire Insurance is based on the principle of-
A
Utmost Good faith
B
Insurable Interest
C
Indemnity
D
Cooperation
Question 10
Who is the first woman chairperson of State Bank of India
A
Shubhalakshmi Panse
B
Chanda Kochhar
C
Arundhathi Bhattacharya
D
Usha Ananthasubramanian
Question 11
Who stated explicitly for the first time, the Law of Comparative Costs?
A
David Ricardo
B
Adam Smith
C
James Mill
D
Thomas Mun
Question 12
One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called.....?
A
Overdraft
B
Temporary loan
C
Short term finance
D
Ways and Means advance
Question 13
The current ratio of a company is 2: 1 which of the following suggestions would Improve, reduce and net change it. I. Payment to trade creditors II. Sell machinery for cash Ill. Purchased goods for cash IV. Issue of equity shares
A
Decrease, Increase, Increase, No effect
B
No effect, Increase, Decrease, Increase
C
Increases, Increase, No effect, Increase
D
Increase, No effect, Decrease, Increase
Question 14
Withdrawal of goods by the proprietor are generally recorded in the.....
A
journal proper
B
ledger
C
general journal
D
none of these
Question 15
Which of the following Accounting Standards relates to accounting for fixed assets?
A
AS 3
B
AS 10
C
AS 14
D
AS 16
Question 16
Material price variance is the difference between standard and actual prices of materials used multiplied by.....
A
Actual quantity of materials used
B
Budgeted quantity of materials used
C
Standard quantity of materials used
D
Either a or b
Question 17
Trial balance is prepared from
A
Journal
B
Ledger
C
Cash book
D
None of these
Question 18
Capital gains yield is multiplied for beginning price to calculate
A
capital gain
B
growth gain
C
regular yield
D
variable yield
Question 19
In retention growth model, payout ratio is subtracted from one to calculate
A
present value ratio
B
future value ratio
C
retention ratio
D
growth ratio
Question 20
Total of the total payment column in the petty cash book is.....to petty cash account.
A
debited
B
credited
C
deducted
D
none of these
There are 20 questions to complete.

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