Commerce online quiz 311

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
SEBI stands for.....
A
Stocks Exchange Board of India
B
correctchoice Securities Exchange Board of India
C
Speculators Exchange Board of India
Question 2
Which of the following is an economic activity?
A
A farmer in the field
B
A teacher teaching his son
C
A social worker at a relief camp
D
A social worker
Question 3
.....Accounting provides information for cost control.
A
Financial
B
Cost
C
Human Resource
D
none of these.
Question 4
Re-order level is.....than safety level.
A
higher
B
lower
C
medium
D
fixed
Question 5
Sales Journal records all.....sale of goods
A
debit
B
credit
C
cost
D
none of these
Question 6
Market control process consists
A
Formation of Performance standards
B
Performance Appraisal
C
Correcting Deviations
D
All of the above
Question 7
State Bank of India is a
A
Public Sector Bank
B
Private Sector Bank
C
Joint Sector Bank
D
Non-Nationalised bank
Question 8
In weighted average cost of capital, rising in interest rate leads to
A
increase in cost of debt
B
increase capital structure
C
decrease in cost of debt
D
decrease capital structure
Question 9
In the case of audit of Statutory Report, an auditor is expected to give his report on the:
A
numbers of shares allotted, amount received in cash and summarized Receipts and Payments account
B
authorized capital, subscribed capital and paid up capital
C
Profit and loss account, Balance sheet and director's report
D
Directors'qualification shares, Calls in arrears and Calls in Advance
Question 10
1st August of every year is observed as
A
KYC Compliance Day
B
KYC Compliance of AML Days
C
Computer Security Day
D
KYC Compliance and Fraud Prevention Day
Question 11
Accounting Standard 10 deals with accounting for.....
A
fixed assets
B
inventory
C
cash flow statement
D
none of these
Question 12
Description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as
A
cost function
B
revenue function
C
unit function
D
relative function
Question 13
Which of the following is an example of semi-variable cost?
A
Salary
B
Tax
C
Telephone expenses
D
Office expenses
Question 14
A 'credit' in balance of payments indicates
A
Accumulation of bank balances abroad
B
Foreign direct investment received into the country
C
Earning of foreign exchange by the country
D
Earning of foreign exchange or incurring of liability abroad or decrease in asset abroad
Question 15
Which statement is true
A
ATC + AVC = AFC
B
ATC + MC = AFC
C
ATC + AFC = AVC
D
AFC + AVC = ATC
Question 16
"State which of the following are the characteristics of service costing. 1. High levels of indirect costs as a proportion of total costs 2. Use of composite cost units 3. Use of equivalent units"
A
(1) only
B
(1) and (2) only
C
(2) only
D
(2) and (3) only
Question 17
Mortgage is a:
A
Security on movable property for a loan
B
Security on immovable property for a loan
C
Concession on immovable property
D
Facility on immovable property
Question 18
Which of the following is used for International Monetary Transfer?
A
RTGS
B
NEFT
C
SWIFT
D
None of these
Question 19
Consider the following statements:
  1. There is no Universal Banking practice in India
  2. Universal Banking leads to loss in specialization
  3. NBFCs are also called as Shadow banks
A
1, 2 correct
B
2, 3 correct
C
1, 3 correct
D
All the above
Question 20
Most individuals are familiar with which form of e-commerce?
A
B2B
B
B2C
C
C2B
D
C2C
There are 20 questions to complete.

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