10000 MCQ /questions on commerce questions answers
Under..... Article of the Constitution, GST on supplies in the cause of Inter-state trade or commerce shall be levied and collected by the Government of India?
Article 246 A
Article 269 A
Article 279 A
Principal functions of SIDBI:
Promotion of SSI
Finance of SSI
Development of SSI
All the above
Which one of the following is part of Capital Market in Indian Economy?
Gilt edge market
Call money market
The supply of goods to SEZ unit is treated as..... in the hands of the supplier:
Exempt Supply-Reversal of credit
Export of Supplies
Deemed Taxable Supply-No reversal of credit
Non Taxable Supply-Outside the Scope of GST
What is date of receipt of payment?
Date of entry in the books
Date of payment credited into bank account
Earlier of a and b
Date of filing of return
The receiver of goods returned will send a..... note to the returner.
none of these
If the CGST department is not satisfactory with the decision or order passed by the Adjudicating Authority, what will be the Option available?
Review Order by the Commissioner
File First Appeal before the FAA within 3 months with another 1 month of condonable delay
Either (A) or (B)
Both (A) and (B)
An increase in the supply of a commodity is caused by
Improvements in technology
Fall in the prices of other commodities
Fall in the prices of factors of production
All of the above
Which management functions are closely related to?
Planning and Organising
Organising and Staffing
Staffing and Control
Planning and Control
Which of these is not an objective of Cost Accounting?
Ascertainment of Cost
Determination of Selling Price
Cost Control and Cost reduction
Assisting Shareholders in decision making
Which of the following statements about privacy is true?
It is a moral right to be left alone
Only corporations and government need to be concerned about it
It has only just recently become a concern
It is most easily obtained on the Internet
In weighted average cost of capital, a company can affect its capital cost through
policy of capital structure
policy of dividends
policy of investment
all of above
When the completion stage of a contract is less than 1/4, the total expenditure on the contract is transferred to..account.
Profit and loss account
none of these
A firm will have favourable leverage if its..... are more than the debt cost
Bonds issue by corporations which are more risky than preferred stocks are classified as
In long-run, all firms in monopolistic competition
Earn supernormal profits
Earn normal profits
May earn normal profit, super normal profit or incur losses
The recommendation of the GST Council will be
Only Advisory Power
Mandatory and sometimes Advisory
Mandatory on States only
Registration of a partnership is.....
What is an arrangement made between e-commerce sites that direct users from one site to the other?
None of the above
The purpose of financial accounting is to provide information for.....
locating factors leading to wastages and losses
assessing the profitability and financial position of the firm
There are 20 questions to complete.