Commerce online quiz 30

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The MC curve cuts the AVC and ATC curves at
A
The falling part of each
B
Different points
C
Their respective minimas
D
The rising part of each
Question 2
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:
A
(i) & (ii)
B
(i) & (iv)
C
(ii) & (iii)
D
(iii) & (iv)
Question 3
.....cost is irrecoverable cost.
A
marginal
B
out of pocket
C
Sunk
D
none of these
Question 4
If budgeted total direct labour hours are 5500 and budgeted direct labour cost is $755000, then budgeted direct labour cost rate is
A
$138 per labour hour
B
$137.27 per hour
C
$140 per labour hour
D
$142 per labour hour
Question 5
What does the term Open Market Operations refer to?
A
Selling of equities in the open market
B
Selling of commodities in the open market
C
Buying and selling of government securities in the open market
D
Buying and selling of products in the wholesale market
Question 6
First in first out method of valuing material issues is suitable in times of
A
Rising prices
B
falling prices
C
fluctuating prices
D
none of these
Question 7
Mostly in financials, risk of portfolio is smaller than that of assets
A
mean
B
weighted average
C
mean correlation
D
negative correlation
Question 8
Translation exposure arises in respect of items translated at
A
Current rate.
B
Historical rate.
C
Average rate.
D
All of the above.
Question 9
Functions of marketing management consists
A
Determination the marketing objects
B
Marketing planning
C
Marketing organisation
D
All of the above
Question 10
In GST, all the excess ITC will be carried forwarded to next financial years without any break except that on:
A
Zero Rated Supply
B
Inverted Tax Structure
C
Either (a) or (b)
D
Both (a) and (b)
Question 11
Current assets are also known as
A
Gross working capital
B
Invested capital
C
Assets
D
Cash
Question 12
budget is designed to remain unchanged irrespective of the volume of output or turnover attained.
A
Master
B
Fixed
C
Flexible
D
all of these
Question 13
GSTR 3, GSTR 4 and GSTR 6 filed can be rectified on the grounds of
A
Any omission or incorrect particulars
B
Omission or incorrect particulars found during Audit
C
Omission or incorrect particulars found during Scrutiny
D
Omission or incorrect particulars found during Inspection
Question 14
Liabilities are which of the following?
A
Resources
B
Obligations
C
Future benefits
D
Expenses
Question 15
Indian GST model has.....rate structure.
A
3
B
4
C
5
D
6
Question 16
For repayment of loan availed from Banks, NBFC etc, we come across a term known as EMI What does it stand for?
A
Equated Money Index
B
Easy Money Installment
C
Equated Monthly Installment
D
Equal Monthly Installment
Question 17
Direct costs are those which vary directly with-
A
Sales
B
Profit
C
Production
D
Time
Question 18
An asset account shows a..... balance
A
debit
B
credit
C
no balance
D
none of these
Question 19
In a public limited company, the minimum number of directors are-
A
2
B
3
C
5
D
None of the above
Question 20
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.
A
Both (A) and (R) are true and (R) is correct explanation of A
B
Both (A) and (R) are true but (R) is not a correct explanation of A
C
A is true but R is false
D
A is false but R is true
There are 20 questions to complete.

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