10000 MCQ /questions on commerce questions answers
What is the consequence of non-return of semi-finished goods within the specified period?
Job worker pays GST on return of goods
Principal Manufacturer pays back the input tax credit claimed on such goods
Principal manufacturer pays GST on return of goods
Job worker claims credit of goods received on job work
The cost which a firm incurs for purchasing or hiring factors is called
Authorized share capital is also known as
Paid up capital
Called up capital
Long-term equity anticipation security is usually classified as
short money options
Who is the Adjudicating Authority in GST?
State Board of Revenue
First Appellate Authority and Appellate Tribunal
Any authority competent to pass any Order or Decisions
All of the Above
Place of supply in case of installation of elevator is
Where the movement of elevator commences from the supplier's place
Where the delivery of elevator is taken
Where the installation of elevator is made
Where address of the recipient is mentioned in the invoice
The OTC Exchange of India is a company incorporated under the Companies Act.....
A portfolio which lies below the efficient frontier is described as.....
''Micro Credits'' are loans:
granted to distressed person (other than farmers) to pre-pay their debt to non-institutional lenders against appropriate collateral or group security,
not exceeding 50.000 per borrower provided by banks
both (a) and (b)
either (a) and (b)
Bretton woods agreement arrived at in
What is the time limit for issue of order in case of other than fraud, misstatement or suppression?
The principle of prevention is better than cure refers to.....
Reduction of risk
Avoiding of risk
Transferring of risk
Shifting of risk
Markets dealing loans of autos, education, vacations and appliances are considered as
consumer credit loans
Costing, which explains how and when scrap affects operating income of company is classified as
normal scrap costing
abnormal scrap costing
What is the rate applicable under CGST to a registered person being a manufacturer opting to pay taxes under composition scheme?
No composition for manufacturer
The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as-
Common Dollar Accounting
Function used to measure decline in labour hours per unit as units of production increases is called
A sports club receives admission fees. It is a-
None of these
The E-commerce domain that involves business activity initiated by the consumer and targeted to businesses is known as.....
Business to Business (B2B)
Consumer to Consumer (C2C)
Consumer to Business (C2B)
Business to Consumer (B2C)
When 1000 units are 60% complete in a process, it is equivalent to. completed units.
There are 20 questions to complete.