Commerce online quiz 71

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
In the industrial policy resolution 1956 the industries reserved for public sectors were included in schedule
A
A
B
B
C
C
D
D
Question 2
What is the validity of the provisional registration certificate issued to the existing dealers?
A
6 months
B
12 months
C
3 months
D
none of the above
Question 3
No tax will be payable on retention payment subsequent to appointed day, if:
A
Supplies have been made prior to the appointed day
B
Full amount of tax/duty has been paid before the appointed day
C
Both (a) and (b)
D
None of the above
Question 4
Indirect materials can be apportioned on the basis of.....
A
direct material
B
prime cost
C
direct labour hour
D
machine hour
Question 5
Non-resident Bank Accounts' refer to
A
nostro account
B
vostro account
C
accounts opened in offshore centers
D
foreign bank account
Question 6
Wages and salaries of employees which company owns in this accounts are called
A
accrued expenses
B
accruals accounts
C
Both A and B
D
zero liabilities
Question 7
A decrease in value of a fixed asset due to age, wear and tear is known as
A
Depreciation
B
Accumulated depreciation
C
Appreciation
D
Written Down Value (WDV)
Question 8
Provisional attachment can be done under section 83:
A
Before completion of proceedings
B
After completion of proceedings
C
After 3 attempts to recover dues
D
Only if there is risk of delinquency in payment of dues
Question 9
Revenue expenditures are recorded in the
A
Manufacturing account
B
Trading account
C
Profit & loss account
D
All of the above
Question 10
Input is 10, 000 units and normal loss is 20% of input and abnormal loss is 400 units What is actual output?
A
7600 units
B
10, 000 units
C
10, 400 units
D
12, 000 units
Question 11
Which one of the following will not act as an incentive for exports?
A
Raising the internal value of money
B
Lowering the prices of goods within the country
C
internal devaluation of money
D
Granting low interest loans for exports.
Question 12
Total cost of producing similar products divided by number of units produced is a technique known as
A
sale costing system
B
job costing system
C
price costing system
D
process costing system
Question 13
Which of the following is not the name of a bank functioning in India?
A
Central Bank of India
B
UCO Bank
C
Aegon Religare
D
Dena Bank
Question 14
The goods seized are to be returned to the person from whom seized if no notice in respect thereof is issued within a period of.....
A
30 days
B
60 days
C
3 Months
D
6 Months
Question 15
Investment bankers perform the following role.....
A
market new stock and bond issues for firms
B
provide advice to the firms as to market conditions, price, etc
C
design securities with desirable properties
D
all of the above
Question 16
In binomial approach of option pricing model, last step for finding an option is
A
price hike
B
price value
C
put price
D
call price
Question 17
Which of the following enhances the earning capacity of an asset?
A
Reduction in operating costs
B
Increase in working capacity of an asset
C
Replacing damage parts of an asset
D
Both 'b' and 'c'
Question 18
Demand curve slopes downward because of the law of
A
Consumer equilibrium
B
Utility maximization
C
Utility minimization
D
Diminishing marginal utility
Question 19
ITC in relation to IGST means.....
A
SGST and CGST
B
SGST and IGST
C
IGST and CGST
D
IGST, SGST and CGST
Question 20
A manager with a share in the profits.....
A
is only a servant of the firm
B
becomes a partner by the operation of law
C
becomes a partner by implied agreement
D
becomes a partner from status
There are 20 questions to complete.

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