10000 MCQ /questions on commerce questions answers
is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.
JIT Inventory System
Perpetual Inventory System
In GST, a Taxable Event is reckoned based on:
Based on Basic tax Point Only
Based on Actual tax Point Only
Basic tax Point or Actual Tax Point whichever is earlier
None of the Above
Costs incurred in production process that yield range of products simultaneously are known as
split off costs
The legal representative or any other person of an individual who is dead is liable to pay ta, x only if-
The business has been carried on by the legal representative
The business has been carried by the legal representative or any other person
The business has been carried by any other person
None of the above.
Whether all the returns submitted under Section 39 will be scrutinised?
No, 50% of the returns submitted under Section 39 will be scrutinised.
Yes, all the returns submitted under Section 39 will be scrutinised.
No, Returns submitted under Section 39 will be self-assessed and proper officer may select any return for scrutiny under this Section.
No, 35% of the returns submitted under Section 39 will be scrutinised.
..... is prepared to find the financial position of business
The bank rate means.....
Rate of Interest charged by commercial banks from borrowers
Rate of Interest at which commercial banks discounted bills of their borrowers
Rate of interest allowed by commercial banks on their deposits
Rate at which RBI purchases or re-discounts bills of exchange of commercial banks
As compared to cumulative average-time learning model, learning model which predicts more cumulative total time to produce more units is known as
incremental unit time learning model
incremental price learning model
incremental unit average model
incremental cost learning model
Increase in fixed asset due to purchase is-
Source of fund
Fund from operation
Use of fund
None of the above
Qualities demanded from the job holder is technically known as
both a & b
Receipts and Payments Account is an abbreviated form of-
Both Cash Book and Pass Book
None of the above
Which of the following is not a banking related term?
To decide whether cost is variable cost or fixed cost with respect to some specific activity depends upon
units of labour
unit of production
units of inventory
Which of the following statements are correct?
- Revocation of cancellation of registration under CGST/SGST Act shall be deemed to be a revocation of cancellation of registration under SGST/CGST Act.
(i) & (ii)
(iii) & (iv)
(i), (ii) & (iii)
(i), (ii), (iii) & (iv)
Which of the following rates decided by the RBI is called ''Policy Rate''?
Cash Reserve Ratio
Auction Rated Debentures (ARDs) are a hybrid of-
Shares and Debentures
Shares and Commercial Papers
Commercial Papers and Debentures
Zero Interest Bonds and Deep Discount Bonds
IMF augments its resources by borrowing under
General arrangements to borrow
New arrangements to borrow
All the above
The normal time limit for filing a first appeal before the departmental first authority?
Within 6 Months from the date of the communication of the Order
Within 4 Months from the date of the communication of the Order
Within 3 Months from the date of the communication of the Order
Within 2 Months from the date of the communication of the Order
"Which of the following would explain an adverse variable production overhead efficiency variance? 1 Employees were of a lower skill level than specified in the standard 2 Unexpected idle time resulted from a series of machine breakdown 3 Poor Quality ma
(1), (2) and (3)
(1) and (2)
(2) and (3)
(1) and (3)
Marketing research data is gathered by
All of the above
There are 20 questions to complete.