Commerce online quiz 329

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Which of the following is not an indirect expense?
A
Factory Overhead
B
Direct Labour
C
Office Overhead
D
Advt.
Question 2
If a Registration is cancelled, the Electronic Credit Ledger or Electronic Cash Ledger are debited by:
A
IPT availed on Stock, Semi-Finished Goods or finished Goods and Capital Goods
B
OPT payable on Such Goods
C
IPT availed on Stock, Semi-Finished Goods, finished Goods and Capital Goods or OPT payable on Such Goods whichever is Higher
D
No Tax Liability on Cancellation of Registration
Question 3
The portion of share capital which can be called up only on the winding up of a company is known as-
A
Called up capital
B
Paid up capital
C
Authorised capital
D
Reserve capital
Question 4
Retained earnings are?
A
an indication of a company's liquidity
B
the same as cash in the bank
C
not important when determining dividends
D
the cumulative earnings of the company after dividends.
Question 5
..... days of grace are allowed in case of time bills, for calculating date of maturity
A
2
B
4
C
3
D
5
Question 6
The cost which is to be incurred even when a business unit is closed is a.....
A
imputed cost
B
historical cost
C
sunk cost
D
shutdown cost
Question 7
OTP stands for.
A
On Time Password
B
On Time processing
C
One time processor
D
None
Question 8
EPS is calculated as
A
EBIT / Equity shares
B
(EBIT-Preference Dividend) / Equity shares
C
EIT / Equity shares
D
(EAT-Preference Dividend) / Equity shares
Question 9
Total cost related to work in process inventory is divided by total units of work done is used to calculate
A
Gross weighted margin
B
weighted average revenue
C
weighted average cost
D
weighted average conversion cost
Question 10
When a right to purchase securities is acquired it is know as.....
A
call option
B
put option
C
double option
D
single option
Question 11
Price of an outstanding bond increases when market rate
A
never changes
B
increases
C
decreases
D
earned
Question 12
Membership of a co-operative is.....
A
compulsory
B
voluntary
C
not essential
D
not compulsory
Question 13
Method which ranks cost object incurred by individual users, in ranking order of more responsible users is classified as
A
bundled products allocation method
B
variable cost allocation method
C
stand-alone cost allocation method
D
incremental cost allocation method
Question 14
Electronic Credit Ledger is Credited by:
A
Cash Deposit towards Tax remittance
B
IPT on IGST, CGST and SGST
C
Cash Deposit towards Fees, Fine, Interest and Penalty
D
Advance tax Remittance
Question 15
Which one of the following aims is achieved most through Office Record keeping?
A
Efficiency of operations on shop floor
B
Business reputation
C
Storage of documents
D
Helping decision making
Question 16
If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the society because
A
Goods will be sold in many markets
B
Cost of production falls and hence price
C
Consumers get better quality goods
D
None of the above answer is correct
Question 17
Real risk-free rate is applicable when it is expected that there will be
A
high inflation
B
low inflation
C
no inflation
D
none of above
Question 18
Discarded material substances having no value is called.....
A
waste
B
scrap
C
defectives
D
spoilage
Question 19
The smart card which use antenna for reading and writing data.
A
Contact smart card
B
Contactless smart card
C
Proximity smart card
D
Both B and C
Question 20
Growth rate which is predicted by marginal investors for dividends is classified as
A
expected growth rate
B
annual growth rate
C
past growth rate
D
unexpected growth rate
There are 20 questions to complete.

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