## 10000 MCQ /questions on commerce questions answers

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Question 1 |

In an activity based costing implementation, product's diverse demand is based on

batch size | |

complexity | |

process steps | |

all of above |

Question 2 |

If marginal opportunity cost is falling, the PPF would be

Straight line | |

Concave | |

Backward leading | |

Convex |

Question 3 |

If sales returns are Rs. 25, 000, sales are Rs. 1, 25, 000, net purchases are Rs. 84, 000, and gross profit is Rs. 21, 000, then the cost of goods sold will be

Rs. 84000 | |

Rs, 64, 000 | |

Rs. 79, 000 | |

Rs. 92, 000. |

Question 4 |

If any makes repeats the short payment of ta, x what will be the volume of penalty?

Rs.10, 000/- | |

10% of the tax short paid | |

Highest of the above a) or b) | |

No Penalty at all |

Question 5 |

Direct material is a.....

fixed cost | |

variable cost | |

semi variable cost | |

semi fixed cost |

Question 6 |

Capital gearing ratio is.....

Market test ratio | |

Long-term solvency ratio | |

Liquid ratio | |

Turnover ratio |

Question 7 |

In case of business carried on by minor or other incapacitated person through Guardian/ Agent who is liable to pay tax?

Guardian | |

Friend | |

Business Partner | |

None |

Question 8 |

Job costing used in.....

paper mills | |

chemical works | |

printing works | |

textile mill |

Question 9 |

Value of stock is Rs 1000 and current value of portfolio is Rs 1500 then obligation to cover call option will be

Rs 6, 667.00 | |

Rs 2, 500.00 | |

Rs 2, 000.00 | |

Rs 500.00 |

Question 10 |

If required rate of return is 12% and per unit cost of units purchased is $35, then relevant opportunity cost of capital will be

$6.20 | |

$7.20 | |

$4.20 | |

$5.20 |

Question 11 |

Standards set provide yardsticks against which.....are compared

Budgeted costs | |

Estimated costs | |

Actual costs | |

None of these |

Question 12 |

Consider the following statements: The vouching of remuneration to directors involve the checking of

- special resolution.
- statement of accounts.
- approval note of the Central Government.
- Minutes Book. <

l and 2 | |

2 and 3 | |

l, 2 and 4 | |

l, 3 and 4 |

Question 13 |

"S produces and sells one product, P, for which the data are as follows: Selling price Rs 28 Variable cost Rs 16 Fixed cost Rs 4 The fixed costs are based on a budgeted production and sales level of 25, 000 units for the next period. Due to market changes

10.1% decrease | |

11.2% decrease | |

13.3% decrease | |

16.0% decrease |

Question 14 |

Formula such as net income available for common stockholders divided by total assets is used to calculate

return on total assets | |

return on total equity | |

return on debt | |

return on sales |

Question 15 |

Coupon rate of bond is also called

nominal rate | |

premium rate | |

quoted rate | |

both a and c |

Question 16 |

Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the.....

wages | |

number of products produced | |

number of workers | |

Number of hours |

Question 17 |

Which among the following statement is INCORRECT?

On a linear demand curve, all the five forms of elasticity can be depicted | |

If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be same on different demand curves at the point of intersection. | |

If two demand curves are linear and parallel to each other, then, at a particular price, the coefficient of elasticity would be different on different demand curves. | |

The price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded. |

Question 18 |

Capital gearing ratio indicates the relationship between

assets and capital | |

loans and capital | |

equity shareholders fund and long term borrowed funds | |

debentures and share capital |

Question 19 |

What does CCIE stand for?

Chief Controller of Imports and Exports. | |

Central Cottage Industries Exports. | |

Control on Cotton Imports and Exports. | |

Commissioner of Central Imports and Exports. |

Question 20 |

If security pays Rs 5, 000 in 20 years with 7% annual interest rate, PV of security by using formula is

Rs 1, 290.10 | |

Rs 1, 292.10 | |

Rs 1, 295.10 | |

Rs 1, 297.10 |

There are 20 questions to complete.