10000 MCQ /questions on commerce questions answers
Given that fixed assets are at Rs. 600, 000 current assets Rs. 400, 000 share capital Rs. 500, 000, fixed liabilities Rs. 2, 50, 000, Current liabilities Rs. 2, 50, 000, the solvency ratio will be
Some organizations have escalator clause in their labour agreements. What does this clause provide for?
Automatic increase in wage/salary depending on seniority
Wage increase depending on output per day by the worker
Automatic increase in wage/salary depending upon increase in price index
Automatic increase in wage/salary depending on increase in profits of the firm
A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a profit margin. Job number Y256 was sold for Rs1690 and incurred overheads of Rs 694. What was the prime cost of the job?
When factory overhead control account has an ending debit balance, factory overhead was.....
Both (A) and (B)
none of these
For coverage under Priority Sector, how much maximum amount can be granted as educational loan for education in India and education abroad?
Rs 10 lakh, Rs 20 lakh
Rs 10 lakh, Rs 10 lakh
Rs 4 lakh, Rs 10 lakh
Rs 7.5 lakh, Rs 15 lakh
That portion of the state capital which can be called up only on the winding up of the company is the:
Net income equal to Revenues minus
Select the incorrect statements regarding 'equity linked schemes (ELSS)'
- They are offered by mutual fund companies, but unlike the mutual funds, they do not have a lock-in period.
- They fall under 'low risk'
Both I and II
Neither I and II
Method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as
step down allocation method
stand-alone revenue allocation method
incremental revenue allocation method
revenue mix allocation method
Favourable balance of cash book implies
Credit balance of cash book
Debit balance of cash book
Adjusted balance of cash book
Which of the following is a liability?
.....wage incurred for the current period are shown as a liability in the balance sheet unless it is paid.
Which of the following foxed assets is not depreciated in the ordinary circumstances?
Plant & Machinery
Total Labour cost variance =
Standard cost of labour-actual cost of labour
Standard rate(standard time for actual output-actual time worked)
Standard rate (standard time for actual output-actual time paid for)
Actual time taken (standard rate-actual rate)
What will be the volume of fine in lieu of confiscation of the goods?
Equal Amount of tax
Either a) or b) whichever is higher
Fine not exceeding the market price of the goods
On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than
Rs 25 crore
Rs 50 crore
Rs 85 crore
Rs 100 crore
Control of management of the company mainly vests in.....
Cost of capital is the..... rate of return expected by the investor.
Which type of classification is based on numerical order?
According to which method of pricing issues is close to current economic values?
Last In First Out
First In First Out
Highest In First Out
weighted average price
There are 20 questions to complete.