10000 MCQ /questions on commerce questions answers
In the industrial policy resolution 1956 the industries reserved for public sectors were included in schedule
What is the validity of the provisional registration certificate issued to the existing dealers?
none of the above
No tax will be payable on retention payment subsequent to appointed day, if:
Supplies have been made prior to the appointed day
Full amount of tax/duty has been paid before the appointed day
Both (a) and (b)
None of the above
Indirect materials can be apportioned on the basis of.....
direct labour hour
Non-resident Bank Accounts' refer to
accounts opened in offshore centers
foreign bank account
Wages and salaries of employees which company owns in this accounts are called
Both A and B
A decrease in value of a fixed asset due to age, wear and tear is known as
Written Down Value (WDV)
Provisional attachment can be done under section 83:
Before completion of proceedings
After completion of proceedings
After 3 attempts to recover dues
Only if there is risk of delinquency in payment of dues
Revenue expenditures are recorded in the
Profit & loss account
All of the above
Input is 10, 000 units and normal loss is 20% of input and abnormal loss is 400 units What is actual output?
10, 000 units
10, 400 units
12, 000 units
Which one of the following will not act as an incentive for exports?
Raising the internal value of money
Lowering the prices of goods within the country
internal devaluation of money
Granting low interest loans for exports.
Total cost of producing similar products divided by number of units produced is a technique known as
sale costing system
job costing system
price costing system
process costing system
Which of the following is not the name of a bank functioning in India?
Central Bank of India
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.....
Investment bankers perform the following role.....
market new stock and bond issues for firms
provide advice to the firms as to market conditions, price, etc
design securities with desirable properties
all of the above
In binomial approach of option pricing model, last step for finding an option is
Which of the following enhances the earning capacity of an asset?
Reduction in operating costs
Increase in working capacity of an asset
Replacing damage parts of an asset
Both 'b' and 'c'
Demand curve slopes downward because of the law of
Diminishing marginal utility
ITC in relation to IGST means.....
SGST and CGST
SGST and IGST
IGST and CGST
IGST, SGST and CGST
A manager with a share in the profits.....
is only a servant of the firm
becomes a partner by the operation of law
becomes a partner by implied agreement
becomes a partner from status
There are 20 questions to complete.