10000 MCQ /questions on commerce questions answers
The prescribed normal time period for completing a departmental audit will be:
12 Months from the date of the commencement of audit
9 Months from the date of the commencement of audit
6 Months from the date of the commencement of audit
3 Months from the date of the commencement of audit
Which of the following is an example of a company incorporated by a special act of parliament?
Delhi cloth and general mills ltd
Tata iron and steel Co Ltd
Industrial Finance Corporation of India Ltd
Swadesh Cotton Mills Ltd
An appeal filed before the High Court should be heard by?
A Bench of not less than 2 judges based on majority opinion
A Bench of not less than 3 judges based on majority opinion
A Bench of not less than 5 judges based on majority opinion
A Bench of not less than 7 judges based on majority opinion
Vertical dashed line in graphical representation of cost function represents the
Assets are usually listed on a balance sheet under two main groups namely..... and.....
fixed and current
current and fixed
tangible and intangible
none of these
The details submitted by the outward supplier in Form GSTR 1 shall be furnished to the input service distributor in form
The idealistic market envisioned at the outset of the development of e-commerce is called a.....
If a taxable person remitting tax in the normal scheme under earlier law switchover to composition scheme in the GST.How the tax element involved in the already ITC adjusted closing stock under earlier law will be treated?
Related tax element under earlier law is to be remitted back by debiting electronic credit ledger or electronic cash ledger.
The balance ITC in the electronic credit ledger will be lapsed
Both a) and b) Above
Related tax element under earlier law is to be refunded
On 9th October 2013 RBI has announced set up a Technical Committee under the chairman ship of..... to examine the feasibility of encrypted SMS-based fund transfers.
Raghu Ram Rajan
Who is authorised to conduct the audit including books of account u/s 66?
Chartered Accountant as may be nominated by the [Commissioner].
Cost Accountant as may be nominated by the [Commissioner].
(a) or (b)
Any officer as may be nominated by the [Additional Director].
The short term money market comprise
The call money market
The inter bank deposit market
The bills re-discounting market
All of the above
An effect of interest rate risk and investment risk on a bond's yield is classified as
investment risk premium
maturity risk premium
First step in binomial approach of option pricing is to
define ending price of stock
define beginning price of stock
define range of values
define domain of values
Project whose cash flows are less than capital invested for required rate of return then net present value will be
Within what period should the mistake apparent on record be brought to the notice of the authority?
Depends-Three months in case of clerical error or arithmetical error and six months in other case
None of the above
Every registered taxable person shall display his certificate of registration in a prominent location at his principal and at every other place of business also GSTIN shall be displayed on the name board at the entry of such places.
No, certificate of registration to be displayed only at a registered place of business and GSTIN need not be displayed on the name board.
Yes above statement is correct.
No, GSTIN to be displayed only on the invoices.
Above statement is correct subject to certificate of registration to be displayed only at registered place of business.
Consider the following steps:
- Analysis of variances
- Initiating corrective action
- Measurement of Actual performance
- Establishment of standards
1, 2, 3, 4
2, 3, 1, 4
3, 1, 2, 4
4, 3, 1, 2
Bill of Exchange, Promissory Notes and Cheques are defined as
Documents of Title to goods
None of the above
In a joint process of production, product which yields low volume of sales as compared to total sales of other products is known as
Second incremental product
First incremental product
step down product
Which among the following is not a voluntary method for prevention and settlement of disputes?
There are 20 questions to complete.