Commerce online quiz 308

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
If employees of division A work for 8000 hours for $90 per hour, then rate must be paid in division B in accordance of single rate method will be
A
$90 per hour
B
less than $90 per hour
C
greater than $90 per hour
D
none of above
Question 2
As per AS-2, inventory is to be valued at
A
Actual cost
B
Sales value
C
Net realisable value
D
The lower of cost, or net realisable value
Question 3
Why is retention of knowledge workers sometimes a problem?
  1. Knowledge workers often have knowledge crucial to organisational performance.
  2. Knowledge workers normally posses high degree of social capital.
  3. Thei
A
1 and 2
B
2 and 3
C
1 and 3
D
All 1, 2 and 3
Question 4
Strength of relationship between cost driver and cost is considered as
A
badness of residual
B
goodness of residual
C
badness of fit
D
goodness of fit
Question 5
What is the use of physical characteristics-such as your fingerprint, the blood vessels in the retina of your eye, the sound of your voice, or perhaps even your breath-to provide identification?
A
Backup
B
Anti-virus
C
Firewall
D
Biometrics
Question 6
Suppose one taxable person has un-availed cenvat credit or ITC on capital goods not carried forwarded to the last return in the earlier law and allowable both under earlier law or GST law. How it will be treated under GST?
A
Refunded under earlier laws
B
Allowed as ITC in GST
C
Refunded under GST law
D
Any of the Above
Question 7
Diversification reduces.....
A
Interest rate risk
B
Market risk
C
Unique risk
D
Inflation risk
Question 8
..... Deals with appointing people and placing them at the appropriate jobs.
A
Human resources
B
Recruitment
C
Staffing
D
Placement
Question 9
..... is a process of taking advantage of differentials in interest rates of two currencies while eliminating exchange risk.
A
Hedging
B
Insurance
C
Covered-Interest Arbitrage
D
Exposure
Question 10
The bonus issue is permitted to be made out of..... and premium collected in cash.
A
free reserves
B
free interest
C
free bonus
D
free cash dividend
Question 11
Factor which provides hedge to managers in adverse and unexpected circumstances is known as
A
budgetary slack
B
costly slack
C
influential slack
D
target slack
Question 12
Who among the following are NOT eligible for carry forward Cenvat Credit in their Cenvat A/c into input tax credit under the CGST Law?
A
Excise First Stage and Second Stage Dealers
B
Manufacturers
C
Service Providers
D
Importers other than a registered importer
Question 13
Relationship of banker with payee of draft
A
Trustee and Beneficiary
B
Drawees and Drawee
C
Licensor and Licensee
D
Principle and Agent
Question 14
Bonds issued by corporations and exposed to default risk are classified as
A
corporation bonds
B
default bonds
C
risk bonds
D
zero risk bonds
Question 15
Balance in electronic credit ledger under IGST can be used against which liability?
A
IGST Liability only
B
IGST and CGST liability
C
IGST, CGST and SGST liability
D
None of them
Question 16
Costing system, in which individual activities are identified as cost object is considered as
A
manufactured costing
B
activity based costing
C
allocation costing
D
base costing
Question 17
The decision function of financial management can be broken down into the..... decisions.
A
financing and investment
B
investment, financing, and asset management
C
financing and dividend
D
capital budgeting, cash management, and credit management
Question 18
The five conditions for claiming ITC doesn't include the following:
A
He is in possession of tax invoice
B
He has received the goods/services
C
The tax charged has been actually paid to the Government
D
He must have inter-state supply
Question 19
Who is competent authority for passing an order for provisional attachment?
A
The Deputy Commissioner
B
The Commissioner
C
The GST Council
D
The Assistant Commissioner
Question 20
The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of.....:
A
Undesirable persons
B
Artificial persons
C
Arrested persons
D
Convicted persons
There are 20 questions to complete.

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