Commerce online quiz 320

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Tracking stock of company is also classified as
A
target stock
B
dividend stock
C
firm part stock
D
tied stock
Question 2
Cost which is related to specific cost object and cannot be economically traceable is classified as
A
line cost
B
staff cost
C
direct cost
D
indirect cost
Question 3
When actual loss is..than the estimated loss, the difference between the two is considered to be abnormal gain
A
More
B
less
C
higher
D
none of these
Question 4
The market process involves, which functions?
  1. Buying
  2. Transporting
  3. Storing
  4. Selling
  5. Grading
  6. Financing
  7. Risk-bearing
  8. Dividing
A
1, 3 and 4
B
1, 2, 3, 6 and 7
C
Only 3
D
All of these
Question 5
What is the name of the anti money laundering software of 3i Infotech Ltd. SBI is going to implement?
A
AMLSAFE
B
AMLOCK
C
AMKEY
D
AMLSECURE
Question 6
Which of the following measures would result in an increase in the money supply in the economy? 1. Purchase of govt securities from the public by the central bank 2. Deposit of currency in commercial banks by the public 3.borrowing by the govt. from the
A
1
B
2 and 4 only
C
1 and 3
D
2, 3 and 4
Question 7
Which of the following sets of expense are the direct expense of business?
A
Wages, Carriage Inward, Octroi
B
Postage, Wages, Carriage Inward
C
Purchases, Wages, Coal Expenses
D
Both 'a' and 'c'
Question 8
Banks such as Bank of America serves a range of savers and borrowers are classified as
A
transfer banks
B
commercial banks
C
serving banks
D
nation's banks
Question 9
Average cost method of valuing material issues is suitable when.
A
Prices rise
B
prices fall
C
prices fluctuate considerably
D
none of these
Question 10
When two products are simultaneously produced in a process and one of them has comparatively high value and other is of low value, the low value product is called.....
A
joint products
B
by products
C
seasonal products
D
economic products
Question 11
..... is levied on imports of goods and services?
A
SGST
B
CGST
C
IGST
D
VAT
Question 12
Current value of portfolio is Rs 550 and to cover an obligation of call option is Rs 200 then value of stock would be
A
Rs 350.00
B
Rs 275.00
C
Rs 750.00
D
Rs 1, 000.00
Question 13
Payment divided by par value is classified as
A
divisible payment
B
coupon payment
C
par payment
D
per period payment
Question 14
If debit balances = credit balances, trial balance only shows or checks the..... and it does not indicate that no errors were made during recording and posting.
A
Arithmetic accuracy
B
Errors of commission
C
Omissions of economic events
D
Understatements of balances
Question 15
In income statement of merchandising costs, period cost includes all costs which are not related to
A
cost of resale goods
B
cost of manufacturing goods
C
timed resale of goods
D
cost of purchased goods
Question 16
Which was the first Bank to be established in 1148?
A
SBI
B
CBI
C
Reserve Bank
D
Casa De SanGiorgio
Question 17
All capital expenditures and receipts are taken to
A
Trading and Profit and Loss Account
B
Balance sheet
C
Trial balance
D
None of the above
Question 18
Returns outward appearing in trial balance is to be deducted from
A
sales,
B
purchases,
C
returns outward,
D
closing stock.
Question 19
Markets in which corporations raise capital for creating market transaction which are classified as
A
commercial markets
B
residential markets
C
primary markets
D
consumer credit loans
Question 20
In master budgeting, cost drivers for manufacturing overhead costs are
A
direct manufacturing labour-hours
B
setup labour-hours
C
budgeted labour-hours
D
both a and b
There are 20 questions to complete.

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