10000 MCQ /questions on commerce questions answers
In perfect competition, in the long run, there will be
Super normal profits
Cost will be falling
Which one of the following is not an accounting convention?
Minimum wages are fixed by the:
courts of law
Supplier's account will be..... when goods are received on credit.
none of these
Is Input tax to be paid in case of switch over from taxable to exempt supplies
Yes equivalent to the credit in respect of inputs held in stock (including semi finished and finished) and on capital goods held in stock
No Input Tax Credit 57 Indirect Taxes Committee
Yes full credit
No should be debited to electronic credit ledger
Complex statistical and mathematical theory is an approach, which is classified as
arbitrage pricing theory
arbitrage risk theory
arbitrage dividend theory
arbitrage market theory
In production, variables such as level of activity or volume of company activity are known as
Which of the following is NOT correctly matched?
How is the date of receipt of consideration by the supplier determined?
Date on which the receipt of payment is entered in the books of account
Date on which the receipt of payment is credited in the bank account
Earlier of (a) & (b)
(a) & (b) whichever is later
Information Gatekeepers come under..... sources.
What is the unauthorized use, duplication, distribution or sale of copyrighted software?
Fair Use Doctrine
In GST, the eligible Refund amount otherwise ineligible due to some prescribed reasons are credited:
To the declared bank account of the dealer automatically
To the Cash Deposit Ledger of the dealer
To the ITC Credit Ledger Account
To the Consumer Welfare Fund
If an appeal is disposed in favour of the dealer by FAA or Tribunal, what will be the treatment of the Pre-Deposit for filing the appeals?
Refund with interest from the date of pre-deposit
Pre-Deposit is Credited to the Cash Deposit Ledger of the Dealer
Pre-Deposit is credited to the Consumer Welfare Fund
Any of the Above
In accrual basis or mercantile basis of accounting, the financial effect of the transaction is recorded in the books
As and when they occur
On the basis of actual receipt and payment of cash
On confirmation of orders but before the delivery of goods take place
All of the above
Type of option which cannot be exercised before an expiry date which is classified as
..... is a program that you can run from the DOS prompt in the Windows operating system in order to check the connection between your client and the server.
Which of the following bodies finalizes the Five Year Plan Proposals?
National Development Council
Ministry of Planning
Merricks multiple piece rate system has.....
Demand curve can be derived from the law of diminishlng marginal utility on which of the following assumptions?
- Utility can be measured in quantitative terms
- Utility of money is constant Of these statements:
Only (i) is true
Both (i) and (ii) are true
Only (ii) is true
Neither (i) nor (ii) is true
Dividend changes are perceived important than the absolute level of dividends because.
management change dividends to protect their seats
dividend changes are thought to signal future expectations
MM state that absolute level of dividends is irrelevant
changes determine the level of borrowing
There are 20 questions to complete.