Commerce online quiz 6

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The debentures are not given any security on assets are called as..... debentures.
A
Unsecured
B
Secured
C
Bearer
D
Registered
Question 2
Personal selling includes-
A
Selling
B
Services to the customers
C
Developing goodwill of the firm
D
All of the above
Question 3
Insurance business is based on.....
A
Parkinson law
B
Newton law
C
The theory of probability and law of large numbers
D
Boyle law
Question 4
Cyber slacking consists of what activities?
A
Visiting ''inappropriate'' web sites
B
Visiting news sites
C
Chatting online with others about non-work topics
D
All of the above
Question 5
Which bank has launched the country's first contactless debit and credit cards on 7 January 2015?
A
HDFC
B
SBI
C
ICICI
D
Union Bank of India
Question 6
Cash purchases are entered in the.....
A
cash account
B
cash book
C
purchases book
D
sales book
Question 7
What is an encryption system that uses two keys: a public key that everyone can have and a private key for only the recipient?
A
Encryption
B
Public key encryption
C
Intrusion-detection software
D
Security-auditing software
Question 8
A..... is a statement of affairs of a business, which reveals the financial position of a business as on a particular date.
A
trial balance
B
balance sheet
C
cash flow statement
D
none of these
Question 9
Information which is reflected in current market prices with help of past price movements is classified as
A
market efficiency
B
semi strong efficiency
C
weak form efficiency
D
strong form efficiency
Question 10
A document which contains information about materials of specific product, in specific department comes under
A
costing method
B
selling method
C
material acquisition method
D
none of above
Question 11
As compared to sale value of main products, by-products have
A
low sale value
B
high sale value
C
unstable sale value
D
relevant sale value
Question 12
The amount of credit of input tax will be paid by:
A
Debiting the electronic cash ledger mandatorily
B
Debiting the electronic credit ledger mandatorily
C
Debiting the electronic cash ledger or electronic credit ledger or both
D
None of the above
Question 13
Three types of standards are..
A
Expected standard, ideal standard and current standard
B
Currency standard, basel standard and actual standard
C
Actual standard, estimated standard and expected standard
D
Current standard, basic standard and normal standard
Question 14
If net realizable value is $20000 and separable costs are $18000, then final sales will be
A
$20, 000
B
$18, 000
C
$2, 000
D
$38, 000
Question 15
Shifts in demand curve include
A
Increase in Demand (Upward shift)
B
Extention in demand
C
Contraction in demand
D
None of the above
Question 16
A, B and C are partners sharing profits and losses in the ratio of 5: 3: 2. D is admitted in the first as a partner for 1/5th share. The sacrificing ratio of A, B and C will be-
A
3: 2: 5
B
5: 3: 2
C
5: 2: 3
D
2: 3: 5
Question 17
Whether any reason to believe or evidence is required for initiation of audit u/s 65?
A
Reason to believe is a prerequisite for initiation of audit u/s 65.
B
Proper evidence is a prerequisite for initiation of audit u/s 65.
C
(a) & (b)
D
No, Sec 63 does not specify any such requirements.
Question 18
The capital of a firm whose assets are Rs. 53, 000 and liabilities are Rs.19, 000 is Rs......
A
40000
B
42000
C
44000
D
43000
Question 19
Contango charge is paid by.....
A
bull speculator to bear speculator
B
bear speculator to bull speculator
C
lame duck to bull speculator
D
stag to under writer
Question 20
A firm has not recorded the bad debts by mistake. Which of the following is the effect of bad debt ommission?
A
Net profit would decrease
B
Net profit would increase
C
Gross profit would overstate
D
Gross profit would understate
There are 20 questions to complete.

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