10000 MCQ /questions on commerce questions answers
The MC curve cuts the AVC and ATC curves at
The falling part of each
Their respective minimas
The rising part of each
Which of the following manufacturers are composition tax payers (i) Covered under compounded levy scheme (ii) Covered under MRP valuation scheme (iii) Covered under benefit of reduced excise duty rate (iv) Covered based on production capacity Codes:
(i) & (ii)
(i) & (iv)
(ii) & (iii)
(iii) & (iv)
.....cost is irrecoverable cost.
out of pocket
none of these
If budgeted total direct labour hours are 5500 and budgeted direct labour cost is $755000, then budgeted direct labour cost rate is
$138 per labour hour
$137.27 per hour
$140 per labour hour
$142 per labour hour
What does the term Open Market Operations refer to?
Selling of equities in the open market
Selling of commodities in the open market
Buying and selling of government securities in the open market
Buying and selling of products in the wholesale market
First in first out method of valuing material issues is suitable in times of
none of these
Mostly in financials, risk of portfolio is smaller than that of assets
Translation exposure arises in respect of items translated at
All of the above.
Functions of marketing management consists
Determination the marketing objects
All of the above
In GST, all the excess ITC will be carried forwarded to next financial years without any break except that on:
Zero Rated Supply
Inverted Tax Structure
Either (a) or (b)
Both (a) and (b)
Current assets are also known as
Gross working capital
budget is designed to remain unchanged irrespective of the volume of output or turnover attained.
all of these
GSTR 3, GSTR 4 and GSTR 6 filed can be rectified on the grounds of
Any omission or incorrect particulars
Omission or incorrect particulars found during Audit
Omission or incorrect particulars found during Scrutiny
Omission or incorrect particulars found during Inspection
Liabilities are which of the following?
Indian GST model has.....rate structure.
For repayment of loan availed from Banks, NBFC etc, we come across a term known as EMI What does it stand for?
Equated Money Index
Easy Money Installment
Equated Monthly Installment
Equal Monthly Installment
Direct costs are those which vary directly with-
An asset account shows a..... balance
none of these
In a public limited company, the minimum number of directors are-
None of the above
Assertion (A). Job evaluation facilitates framing a suitable incentive system for workers. Reason (R). Incentive can be rationally based on time saving by worker on a particular job, which can rightly be known from job evaluation.
Both (A) and (R) are true and (R) is correct explanation of A
Both (A) and (R) are true but (R) is not a correct explanation of A
A is true but R is false
A is false but R is true
There are 20 questions to complete.