Commerce online quiz 324

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
An individual demand curve slopes downward to the right because of the
A
Working of the law of diminishing marginal utility
B
Substitution effect of decrease in price
C
Income effect of fall in price
D
All of the above
Question 2
Cost of equity which is raised by reinvesting earnings internally must be higher than the
A
cost of initial offering
B
cost of new common equity
C
cost of preferred equity
D
cost of floatation
Question 3
.is a summary of all function budgets in a Capsule form.
A
Sales budget
B
Master Budget
C
Performance budget
D
Cash Budget
Question 4
Third step in process costing system is to
A
summarize flow of output
B
compute output in units
C
summarize total costs
D
compute cost for each equivalent unit
Question 5
Annual report on currency and finance is published by
A
SIDBI
B
RBI
C
Ministry of finance
D
None of the above
Question 6
Price and demand are positively correlated in case of
A
Normal goods
B
Comforts
C
Giffen goods
D
Luxuries
Question 7
Most suitable basis for apportioning insurance of machine would be:
A
Floor Area
B
Value of Machines
C
No of Workers
D
No of Machines
Question 8
Double entry system refers to
A
entry in two sets of books
B
entry for two aspects of the transaction
C
entry at two dates
D
none these.
Question 9
Consider the following statements:
  1. Payment bank cannot issue credit cards
  2. There is a limit on maximum balance of individual customer in payment bank
  3. SLR requirements for payment banks and small banks is les
A
1, 2, 4 correct
B
3, 4 correct
C
1, 2 correct
D
1, 3, 4 correct
Question 10
Which statement is not true in respect of a Balance Sheet?
A
It is an account
B
It is prepared every month
C
It is prepared to check the mathematical accuracy
D
All the above
Question 11
Cost of retained earnings is equal to.....
A
Cost of equity
B
Cost of debt
C
Cost of bank loan
D
Cost of term loans
Question 12
Where..... ends..... begins.
A
book-keeping and accounting
B
accounting and book-keeping
C
transaction and accounting
D
none of these
Question 13
In imperfect competition
A
Excess capacity always exists
B
Excess capacity never exists
C
Excess capacity may or may not exist
D
None of the above
Question 14
Systematic way of linking group of indirect cost to a cost object is classified as
A
linked allocation base
B
direct allocation base
C
indirect allocation base
D
cost allocation base
Question 15
Estimation of cost functions, an ignoring information from all points but considering two observation points can be classified as
A
disadvantage of low high method
B
disadvantage of high low method
C
advantage of high low method
D
advantage of low high method
Question 16
A good library building is an outcome of librarian and.
A
Registrar
B
Building Corporation
C
Finance Officer
D
Architect
Question 17
The Meeting of Board of Directors must be called at least once-
A
In four months
B
In three months
C
In two months
D
In one month
Question 18
In the case of two perfect substitutes, the indifference curve will be
A
Straight line
B
L-shaped
C
U-shaped
D
C-shaped
Question 19
All adjustment entries in Final A/c are written at two places-
A
Trading A/c and Balance Sheet
B
Profit & Loss A/c and Balance Sheet
C
Trading A/c, Profit & Loss A/c and Balance Sheet
D
Trading and profit & Loss A/c and Balance sheet
Question 20
In case no satisfactory explanation is furnished for the discrepancies within a period of thirty days of being informed by the proper officer or such further period as may be permitted proper officer may initiate appropriate action:
    There are 20 questions to complete.

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