Commerce online quiz 38

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Stock with large amount of contribution of risk in a diversified portfolio is represented by
A
high beta and standard deviation
B
high beta, low standard deviation
C
low beta, low standard deviation
D
low beta, low variance
Question 2
Which one is not an offline payment mode?
A
Cash on delivery
B
Cash before delivery
C
Demand drafts
D
e-cheque
Question 3
Which of the following is the primary characteristic of an intranet?
A
People outside the organization can access it
B
People inside the organization can't access it
C
People outside the organization can't access it
D
None of the above
Question 4
Budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers can be classified as
A
anticipated budgeting
B
number budgeting
C
predict budgeting
D
kaizen budgeting
Question 5
'De-coupling' denotes.
A
Indian market may be cutt off from global markets so that it may be affected by global volatility.
B
Separating the birds affected by bird flue.
C
that markets are independent.
D
None of the above.
Question 6
A deposit or borrowing domiciled outside the home country of the currency is called as
A
foreign bond
B
euro bond
C
euro currency
D
domestic bond
Question 7
In which method of filing, all the letters and documents are passed in the book in chorological order?
A
Box file
B
Bound book
C
Metal holders
D
Pillar file
Question 8
The only payment system that is instantly convertible without intermediation is.....
A
Credit card
B
Accumulating balance
C
Stored value
D
Cash
Question 9
First step in constant gross margin percentage NRV method is to allocate joint to compute
A
Gross margin percentage
B
total production cost of each product
C
allocated joint costs
D
cost of split off point
Question 10
The European Union is an example of a/an
A
customs union
B
economic union
C
common market
D
free trade area
Question 11
When can the Authority declare the advance ruling pronounced as void?
A
If ruling is obtained by suppression of material facts
B
If the applicant is in the business of supplies on which clarification has been sought
C
If the applicant does not engage in the business of supplies after 6 months of obtaining the ruling
D
If a Supreme Court judgement is pronounced on the same issue and the judgement is exactly the opposite of the clarification issued under the ruling
Question 12
What is the next step to Journalizing in accounting cycle?
A
Recording
B
Posting
C
Balancing
D
Analyzing
Question 13
Second step, in constant gross margin percentage NRV method, to allocate joint cost is to compute
A
allocated joint costs
B
cost of split off point
C
Gross margin percentage
D
total production cost of each product
Question 14
The normal time period for filing Cross Objections by the respondent in the case of an appeal by either party will be:
A
15 days from the date of receipt of the notice subject to delay condo nation
B
30 days from the date of receipt of the notice subject to delay condo nation
C
45 days from the date of receipt of the notice subject to delay condo nation
D
60 days from the date of receipt of the notice subject to delay condo nation
Question 15
Method, which allocates cost of support department for operating departments by recognizing all mutual services provided is classified as
A
indirect method
B
direct method
C
step down method
D
reciprocal method
Question 16
Demand is a function of
A
Price
B
Quantity
C
Supply
D
None of the above
Question 17
A group of mutual funds with a common management are known as.....
A
fund syndicates
B
fund conglomerates
C
fund families
D
fund complexes
Question 18
The second glass of lemonade gives lesser satisfaction to a thirsty biy, this is a clear case of
A
Law of demand
B
Law of diminishing returns
C
Law of diminishing marginal utility
D
Law of supply
Question 19
If rate of interest is 10%, the PV (present value) of Rs.100 received in 1 year's time is
A
90
B
90.9
C
95
D
110
Question 20
The registered person has paid IGST by treating an intra-State supply as inter-State supply. The officer has levied CGST and SGST as the same is intra-State supply. What is the remedy?
A
Pay CGST and SGST along with applicable interest
B
Pay CGST and SGST and Claim refund of IGST
C
Forgo IGST paid
D
None of the above
There are 20 questions to complete.

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