Commerce online quiz 293

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The details submitted by the outward supplier in Form GSTR 1 shall be furnished to the recipient regular dealer in form
A
GSTR 4A
B
GSTR 5A
C
GSTR 2A
D
GSTR 6A
Question 2
If good will of a profession which is self generated is transferred, there will
A
Be capital gain
B
Not be any capital gain
C
Be a short-term capital gain
D
None of the above
Question 3
Whether the dealers making the exclusive supply of Liquor or Petrol, Diesel and Crude Oil should have to take registration under GST Act?
A
Yes
B
No
C
Optional
D
Either (A) or (C)
Question 4
Prime cost includes.....
A
direct materials, direct wages and indirect expenses
B
indirect materials and indirect labour and indirect expenses
C
direct materials, direct wages and direct expenses
D
direct materials, indirect wages and indirect expenses
Question 5
Rights issue refers to the shares issued to:
A
Employees
B
Public
C
Existing directors
D
None of the above
Question 6
What-if technique, which examines changes in results if original prediction would not be achieved is called
A
change analysis
B
original analysis
C
sensitivity analysis
D
predicted analysis
Question 7
Usually, every ATM card will have CVV number. What is meant by CVV?
A
Card Verification Value
B
Certificate Value Voice
C
Circular Verification Value
D
Core Verification Value
Question 8
Which one of the following accounting equations is correct?
A
Assets = Owner's equity
B
Assets = Liabilities + Owner's equity
C
Assets = Liabilities-Owner's equity
D
Assets + Liabilities = Owner's equity
Question 9
Who among the following is the head of the committee, which is recently set up to suggest measures for cost-cutting and optional utilization of assets of Air India?
A
Suresh Malhotra
B
Ravindra H. Dholakia
C
Nagendra Kumar
D
Vijay Sinha
Question 10
What is a separate facility that does not have any computer equipment but is a place where the knowledge workers can move after the disaster?
A
Disaster recovery plan
B
Hot site
C
Cold site
D
Disaster recovery cost curve
Question 11
Direct labour means.....
A
labour which can be conveniently associated with aparticular cost unit
B
labour which completes the work manually
C
permanent labour in the production department
D
labour which is recruited directly and not through contractors
Question 12
The Generally Accepted Accounting Principles (GAAP) aim at-
A
Uniformity in accounting practices
B
Uniform accounting practices in all enterprises
C
Acceptance of globalisation, liberalisation and privatisation inthe field of accounting
D
All of the above
Question 13
Ledger is a set of
A
Balance
B
Accounts
C
Rules
D
None of these
Question 14
A situation where there are no differences among products or services, and the only basis of choosing products is price is known as.....
A
a value web
B
value chain
C
profit
D
commoditization
Question 15
The object of 'Agenda' is to inform-
A
About the profitability and activity
B
About the progress of company
C
About the matter in sequence to be discussed in the meeting
D
About the routine matters
Question 16
Dividend per share is Rs 18 and sell it for Rs 122 and floatation cost is Rs 4 then component cost of preferred stock will be
A
15.25%
B
0.1525 times
C
15.25
D
0.15%
Question 17
Is there any ceiling limit prescribed on the rate under IGST?
A
14%
B
40%
C
26%
D
30%
Question 18
If the refund claim is fully or partially rejected the amount would.....
A
lapse
B
be carried forward
C
be refunded
D
none of the above
Question 19
Data collection terminals
A
track the flow of materials from one production area to another
B
record employee attendance
C
All of these
D
None of these
Question 20
Financial markets include
A
primary markets
B
capital markets
C
physical asset markets
D
all of above
There are 20 questions to complete.

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