10000 MCQ /questions on commerce questions answers
Price-taking firms i.e., firms that operate in a perfectly competitive market, are said to be 'small' relative to the market. Which of the following best describes this smallness?
The individual firm must have fewer than 10 employees
The individual firm faces a downward-sloping demand curve
The individual firm has assets less than Rs. 20 lakhs
The individual firm is unable to affect market price through its output decisions
Recommendations of Malegam committee on Micro Finance Sector do not include.....
MFI should not charge more than 24% of its disbursed loans
Processing fee on the loan amount must not be more than 1%
Margin of interest to be not more than 20 per cent
MFIs should lend to an individual borrower only as a member of a JLG and should have the responsibility of ensuring that the borrower is not a member of another JLG
Consider the following statements:
- Aggregate planning implies operational planning concerned with determining a firm's production requirements and manufacturing capacity
- Behavior modification is a concept of to
Both 1 and 2
Neither 1 nor 2
Stated value of bonds or face value is considered as
..... influence the behavior of others through their personality, skills, or other factors.
Direct reference groups
Indirect reference groups
A saree manufacturer marks 20% higher price on his sarees. He allows 10% discount to the coustomer and earns a profit of Rs. 56 The cost of the saree is-
Rs. 1, 000
Perpetual inventory system involves.....
bincard and stores ledger
bill of material and material requisition
purchase requisition and purchase order
inward and outward invoices
A higher accounts receivable turnover ratio means.....
lower debt collection period
higher debt collection period
Costing system, which is a combination of process costing and job costing system is classified as
weighted costing system
average costing system
hybrid costing system
double costing system
Element/s of Cost of a product are:
Material, Labour and expenses
In expected future returns, tighter probability distribution shows risk on given investment which is
Insurance is based on the principle of.....
Is there any time limit for issue of notice under section 76 in cases where tax collected but not paid?
No time limit
Cost unit of a sugar industry can be.....
Situation in which cost object has any job, customer or product is known as
cost application base
sale application base
price application base
direct application base
Capital gain of Rs. 75 lakh arising from transfer of long term capital assets will be exempt from tax if such capital gain is invested in the bonds redeemable after three years, issued by NHAI u/s 54EC of the Act.
Cannot be said with certainty
Is decided by the Assessing Officer
Most financial advisors are registered with the Securities and Exchange Commission as.....
registered investor advisors
registered financial planners
registered securities consultants
What is/are the condition for availing ITC on the tax element involved in the stock held by a composition dealer under earlier law, if such dealer opts normal tax remittance in GST?
- Such stock should be taxable u
i, ii & iii
i, ii & iv
ii, iii & iv
i, ii, iii & iv
Current ratio is a..... ratio
Profit and loss
Will a principal who sends moulds, dies, jigs, tools and fixtures to job worker's place liable to pay GST on such removal?
No, it is not a supply
Yes, if not received within time limit
No, as capital goods as referred in section 143 excludes moulds, dies, jigs tools and fixtures.
None of the above
There are 20 questions to complete.