Commerce online quiz 61

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
As per the RBI's clean note policy writing on a currency note is
A
An offense
B
A crime
C
A punishable offence
D
The notes becomes non-legal tender
Question 2
FPO means?
A
Follow on Public Offer
B
First Public Offer
C
Follow on Private Offer
D
Firm on Public Offer
Question 3
More MCQs on Foreign Exchange Management 1. For contingency exposure of foreign exchange, the best derivative that can be used to hedge is
A
Forwards.
B
Futures.
C
Options.
D
Swaps.
Question 4
Overhead cost is the total of.....
A
all indirect costs
B
all direct costs
C
indirect and direct costs
D
all specific costs
Question 5
''CAMEL model'' is used by.....?
A
Bankers to evaluated a credit proposal
B
Bankers to manage their risks
C
RBI inspectors to evaluate banks functions
D
Merchant Bankers to evaluate portfolio investment
Question 6
The type of process loss that should not affect the cost of inventory value is.....
A
abnormal loss
B
normal loss
C
seasonal loss
D
standard loss
Question 7
What is the time limit for rectification of GSTR 1, GSTR 4 and GSTR 6?
A
Return can be rectified within 6 months from the date of filing the return
B
Return can be rectified within 90 days from the date of filing the return
C
Return have to be rectified before the due date for filling the subsequent periods return
D
Return can be rectified before the due date for filing the returns for month of September or second quarter, as the case may be, following the end of the financial year.
Question 8
Accounts payable has..... balance
A
Credit
B
Debit
C
Unfavorable
D
Favorable
Question 9
All costs, which are assigned to manufactured products for specific calculations are classified as
A
contracting costs
B
product cost
C
government costs
D
marketing costs
Question 10
Unsolicited e-mail is called what?
A
Junk mail
B
Spam
C
Extra mail
D
None of the above
Question 11
First step in estimation of cost function by using quantitative analysis is to
A
choose price estimation method
B
choose dependent variable
C
choose independent variable
D
choose cost estimation method
Question 12
Line and staff organization is most suitable for?
A
Small enterprises
B
Medium sized enterprises
C
Large sized enterprises
D
Cottage enterprises
Question 13
In India GST came effective from July 1st, 2017 India has chosen..... model of dual-GST.
A
USA
B
UK
C
Canadian
D
China E. Japan
Question 14
The prescribed normal Show Cause Notice period in the case of any detection of any irregularity in a return scrutiny?
A
30 Days
B
14 Days
C
21 days
D
7 Days
Question 15
Memorandum of Association contains.....
A
Objective clause
B
Name clause
C
Capital clause
D
All of the above
Question 16
Directors remuneration and expenses form part of.....
A
production overhead
B
administrative overhead
C
selling overhead
D
distribution overhead
Question 17
Which one of the following is not correct?
A
Mutual Fund ensures its participants a professional management of portfolio selection
B
Mutual Fund schemes can be open-ended and/or close-ended
C
Balanced Mutual Fund aims at earning current income and capital appreciation
D
Mutual Fund is an investment company and a merchant banker
Question 18
Costing refers to the techniques and processes of.....
A
ascertainment of costs
B
allocation of costs
C
apportion of costs
D
distribution of costs
Question 19
If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labour hours, then overhead rate will be
A
$60
B
$90
C
$80
D
$70
Question 20
'Best journey' is a ethlcal code of
A
Railway company
B
Hutch
C
RIL
D
Indian government
There are 20 questions to complete.

Leave a Reply

Your email address will not be published. Required fields are marked *