Commerce online quiz 47

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Which exchange rate theory focuses on the inflation-exchange rate relationship?
A
Interest rate parity
B
International Fisher Effect
C
Purchasing power parity
D
Traditional Model
Question 2
Classification of the students of a college in two categories 'rural'and 'urban'is?
A
Qualitative
B
Quantitative
C
Geographical
D
None of these
Question 3
Consider the following elements:
  1. Indicators
  2. Objectives
  3. Controls
  4. Key Result Areas
  5. Roles and Missions
  6. Action plans
Their correct sequence in management by objectives and results is
A
5 4 2 1 3 6
B
4 5 2 1 3 6
C
5 4 1 2 6 3
D
4 5 1 2 6 3
Question 4
In the absence of a Partnership Deed, the rate of interest allowed on the partner's loan to the firm is.....
A
5%
B
6%
C
10%
D
None of the above
Question 5
Profit prior to incorporation is transferred to-
A
Capital reserve
B
General reserve
C
Profit and Loss Account
D
Trading Account
Question 6
The main objective of Land Development Bank is:
A
Providing investment credit for agriculture.
B
Providing crop loans to the farmers.
C
Developing allied activities in rural and semi-urban areas.
D
Creating good social relations in the residents of rural and semi-urban areas.
Question 7
A sum of money placed at a compound interest doubles itself is 5 years. In how many years will this amount become 16 times?
A
In 15 years
B
In 40 years
C
In 16 years
D
In 20 years
Question 8
When did GST come into effect in India?
A
30th June 2017
B
1st April 2017
C
1st January 2017
D
1st July 2017
Question 9
Method, which considers cost and cost drivers of departments such as employee relations and process engineering is termed as
A
pricing method
B
manufacturing method
C
conference method
D
inference method
Question 10
What is the relationship between a bank and customer when a locker is rented out by a bank to a person:
A
Bailor and Bailee
B
Bailee and Bailor
C
Principal and Agent
D
Lessee and Lessor
Question 11
When shall the Director be not liable to pay the tax dues if the company is not able to pay
A
Liquidator refuses to pay
B
Auditor refuses to pay
C
If the non-recovery is not due to gross neglect of the Director
D
None of the above
Question 12
What is I stands in CIA of smart card?
A
International
B
Integrity
C
Identity
D
None of the above
Question 13
What should the taxable person do if he pay's the wrong tax i.e. IGST instead of CGST/SGST or vice versa?
A
Remit tax again and claim refund
B
It will be auto-adjusted
C
It will be adjusted on application/request
D
None of the above
Question 14
Which one of the following orders indicates the correct logical order of managerial functions?
A
Organising, Planning, Directing, Staffing, Coordination and Control
B
Planning, Organising, Staffing, Directing, Control and Coordination
C
Planning, Directing, Organising, Staffing, Control and Coordination
D
Organising, Planning, Staffing, Directing, Control and Coordination
Question 15
The process carried out on finished goods or testing done shall?
A
Amount to Manufacture
B
Not amount to Manufacture
C
Result in different product
D
Change the use of product
Question 16
Overhead is also known as.....
A
on cost
B
basic cost
C
extra cost
D
chargeable expenses
Question 17
For person carrying on profession, tax audit is compulsory, if the gross receipts of the previous year exceeds
A
Rs. 50 lakhs
B
Rs. 40 lakhs
C
Rs.10 lakhs
D
None of the above
Question 18
The Threshold Limit for taking registration is not applicable to:
A
Suppliers of Goods and/or Services(other than branded services) through E-Commerce Operator
B
Every E-Commerce Operator
C
Aggregator
D
All of the Above
Question 19
If the income elasticity is greater than one, the commodity is
A
Necessity item
B
Luxury item
C
Inferior good
D
None
Question 20
All of the following are considered biometrics, except:
A
Fingerprint
B
Retina
C
Password
D
Voice
There are 20 questions to complete.

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