Commerce online quiz 55

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Depreciation is include in costs in case of.....
A
Pay back method
B
Accounting rate
C
Discounted cash flow
D
Present value method
Question 2
Factors responsible for creating conditions for emergence and growth of monopoly are
A
Control over strategic raw materials
B
Patents
C
Licensing
D
All of the above
Question 3
What does ''I'' stands for in IGST?
A
International
B
Internal
C
Integrated
D
Intra
Question 4
The primary aim of co-operative is to.....
A
earn more profits
B
serve the members
C
raise production
D
raise more money
Question 5
A consumer is in equilibrium when marginal utilities are
A
Minimum
B
Highest
C
Equal
D
Increasing
Question 6
The loss incurred on an incomplete contract is transferred to.....account.
A
Costing profit and loss account
B
profit and loss account
C
trading account
D
deferred to next year.
Question 7
Costs of all activities for individual products or services can be called
A
purpose level costs
B
output-unit level costs
C
input-unit level costs
D
activity level costs
Question 8
Bills receivable endorsed are debited to
A
Bills Payable A/c
B
Debtor's A/c
C
Endorsee A/c
D
Bills Receivable A/c
Question 9
Outstanding Wages is-
A
Nominal Account
B
Real Account
C
Personal Account
D
Current Account
Question 10
Method which allocates cost of support department to only operating departments is called
A
indirect method
B
direct method
C
step down method
D
reciprocal method
Question 11
Purchase book is maintained to record
A
All credit purchases
B
All cash purchases
C
Purchases of goods
D
None of the above
Question 12
What consists of the identification of risks or threats, the implementation of security measures, and the monitoring of those measures for effectiveness?
A
Risk management
B
Risk assessment
C
Security
D
None of the above
Question 13
Cost of common stock is 16% and bond yield is 9% then bond risk premium would be
A
7.00%
B
9.00%
C
1.78%
D
25.00%
Question 14
The short run
A
Is less than one year
B
Requires that at least one input is fixed
C
Requires that all inputs are fixed
D
Is just long enough to permit entry and exit
Question 15
Expenditure on installation of a plant should be debited to-
A
Installation Expenses account
B
Sundry expenses account
C
Plant account
D
Maintenance of Assets A/c
Question 16
A machine was purchased for Rs. 10, 000 and its life was estimated to be 3 years, and at the end of its life, its book value was Rs. 5, 120. If depreciation is calculated according to Diminishing Balance Method, the rate of depreciation would be?
A
25%
B
15%
C
20%
D
10%
Question 17
The objective of library binding is.....of the library materials.
A
Proper organisation
B
Accessibility.
C
Durability
D
Humidity control
Question 18
Closing stock is valued at
A
Cost
B
Market value
C
Cost or market price whichever is lower
D
None of the above
Question 19
Ploughing back of profits means.....
A
earning of black money
B
dividends not claimed by shareholders
C
retaining the earnings
D
not paying dividends in a particular year
Question 20
Profit maximisation is
A
It is indicator of economic efficiency
B
primary objective of business
C
Measurement of Success of business decisions
D
All of the above
There are 20 questions to complete.

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