10000 MCQ /questions on commerce questions answers
Which commitee has been set up to examine the un-claimed amount in PPF, post office and saving schemes?
H devaraj Committee
H R Khan Committee
k V Kamath Panel
The documents or books seized on inspections which are not relied upon for the issue of notice shall be returned to the party within..... days of issue of notice.
'Law of Inertia of Large Numbers'concludes?
Smaller numbers are more stable than large ones
Large numbers are more stable than small ones
All of these
None of these
3. IBRD lending is not available for
middle income countries
low income countries
Credit creation power of the commercial banks gets limited by which of the following?
Banking habits of the people
Cash Reserve Ratio
Credit policy of the central bank
All of the above
All..... expenses are recorded in the Trading A/c.
none of these
What are the circumstances in which an application for advance ruling is rejected?
- Same questions is pending disposal before any of the appellate authorities
- A matter already decided by any Appellate Authority <
i, ii & iii
i, ii & iv
ii, iii & iv
i, ii, iii & iv
Who is the chairman of GST council?
President of India
RBI Governor E. Finance secretary
A registered taxable person is eligible to claim refund in respect of export of goods and services in the following cases:
Under bond, without payment of IGST and claim refund of unutilized input tax credit.
On payment of IGST and claim refund of IGST paid on such goods and services.
None of the above
Both (a) and (b)
When was Adam Smith's major work "An enquiry into the Nature and Causes of Wealth of Nations" published?
Market value of option which is out-of-money is
greater than zero
equal to zero
lesser than zero
equal to one
According to Joseph Schumpeter, profit is the reward for
The transitional period in the life of an expanding firm is called..... firm.
When an e-commerce operator is required to register under GST?
When he is required to collect tax at source u/s 52
When his aggregate turnover exceeds the threshold limit
When he is required to discharge tax on the taxable supply or services made by the supplier through him u/s 9(5)
It is mandatory to register irrespective of the threshold limit.
What are the two parts of the annual report of the library
Primary and Secondary
Analytical and Systematic
Upper and Lower
Descriptive and Statistical
Consider the following statements-Current ratio is increased by
- issue of redeemable preference shares.
- selling of old furniture for cash.
- cash realized from debtors.
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
In finance, "working capital" means the same thing as
current assets minus current liabilities.
Cross elasticity of demand between two perfect substitutes will be
In independent projects evaluation, results of internal rate of return and net present value lead to
cash flow decision
Match List I with List II and select correct answer using the codes given below: List I List II a. G.P. Ratio I. Convention of conservatism b. Cash budget II. Profitability c. E.O.Q. III. Inventory management d. Provision for bad debts IV. Management of
a b c d II IV I III
a b c d IV II III I
a b c d IV II I III
a b c d II IV III I
There are 20 questions to complete.