10000 MCQ /questions on commerce questions answers
Power to use official seal of a company outside India is to be authorized by:
Articles of Association
Memorandum of Association
Both Memorandum and Articles of Association
An opportunity cost does not involve
none of the above
What is the rate of interest to be payable in case of delay in sanctioning the refund claimed
Not exceeding 6%
Not exceeding 8%
Not exceeding 10%
Not exceeding 12%
Dividend can be paid generally out of-
share premium account
capital redemption reserve account
current year's profits
All of these
Assertion (A). Marketing occupies an important position in the organisation. Reason (R). Marketing is the function of business concerned with creation of a consumer.
Assertion (A) and Reason (R) both are true.
Assertion (A) is true but Reason (R) is not true
Assertion (A) is not true but Reason (R) is true
Assertion (A) and Reason (R) both are untrue.
In case of discontinuance of HUF business, the liability would arise till the date of
As mutually agreed upon by the HUF members
Determination of liability by the Department.
Co-operative Banks in India are registered under
- Banking laws (Co-operative Societies) Act. 1956
- Banking Regulations Act, 1949
- Companies Act, 1956
1 and 2
2 and 3
1, 2 and 3
Centers such as revenue, cost, investment and profit all are known as
X Ltd. has current ratio of 2 1 and quick ratio of 1: 1. If the current liabilities are Rs. 80, 000 then the value of stock would be?
Rs. 1, 60, 000
Rs. 1, 20, 000
Rs. 40, 000
Rs. 80, 000
In which costing system future costs are considered and expressed in present day value by applying discount rate?
Life Cycle Costing
ABC (Activity Based Costing
A promissory note does not require
In the short run, when the output of a firm increases, its average fixed cost
First declines and then rises
RBI has asked banks to make a plan to provide banking services to all villages having a population upto 2000. This direction issued by the RBI will fall in which of the following categories?
Plan for Financial Inclusion
Efforts to meet the targets of Priority Sector Lending
Extension of Relief Packages to the Formers
Plan for opening more rural branches
Which bank's Blood Donation Drive set a Guinness World Record as the organizer of the ''Largest Blood Donation in a single day'' in the world?
Liability of partners in respect of the firms debts is.....
limited up to the amount of his capital in the business
limited up to the amount of guarantee given by the partner
limited up the amount of his capital and loan to the firm if any
Process of assigning indirect costs to any specific cost object is known as
When will Section 52 apply? Or when should the e-commerce operator be liable to collect tax at source?
E-commerce operator shall collect tax at source in respect of all supplies made through it.
E-commerce operator should collect tax at source only if the supplier of the goods and is registered
E-commerce operator shall collect tax at source on the net taxable value of supplies made through it by other supplier where the consideration with respect to such supply is to be collected by the E-commerce operator.
E-commerce operator shall collect tax at source only if the net value of taxable supplies exceeds the prescribed threshold limit.
.....is the excess of overheads absorbed over the actual amount of overheads incurred.
Over absorption of overheads
under absorption of overheads
none of these.
An asset which was acquired for Rs. 5, 00, 000 was earlier used for scientific research. After the research was completed, the machinery was brought into the business of the assessee. The actual cost of the asset for the purpose of inclusion in the block o
Rs. 5, 00, 000
Market value of the asset on the date it was brought into business
None of the above
An opportunity cost is..
the advantage foregone
none of the above.
There are 20 questions to complete.