Commerce online quiz 74

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
. Accounting is not only a positive science but also a normative science because it includes techniques of budgetary control and standard costing.
A
Financial
B
Cost
C
both a & b
D
none of these
Question 2
Probability distribution is classified as normal if expected return lies between
A
( + 1 and-1)
B
( + 2 and-2)
C
( + 3 and-3)
D
( + 4 and-4)
Question 3
Net working capital refers to.
A
total assets minus fixed assets
B
current assets minus current liabilities
C
current assets minus inventories
D
current assets.
Question 4
As per the rule of Garner versus Murray, any loss that arises due to being insolvent of any partner should be divided among other partners in their?
A
Profit and loss sharing ratio
B
Capital ratio
C
Average of both ratios
D
None of these
Question 5
Who expressed the view that 'Economics should be neutral between ends'?
A
Robbins
B
Marshall
C
Pigou
D
Adam Smith
Question 6
Section 142 will cover proceedings:
A
Relating to liability under GST
B
Relating to output duty liability under the earlier law
C
Relating to Cenvat credit or input tax credit under earlier law
D
All of the above
Question 7
Dividend Policy must be
A
Flexible
B
Flexible and Fixed both
C
Fixed
D
All of the above
Question 8
The appeal against the judgment of the Tribunal which relates to a matter where two or more states, or a state and centre have different opinions regarding its nature of sales or place of supply, who will be next competent authority to file next appeals?
A
Single Bench of the High Court situated in the native state of the Appellant
B
Division Bench of the High Court in the native state of the Appellant
C
Supreme Court
D
Any of the Above
Question 9
Greater value of option, larger span of time value is usually results in
A
shorter call option
B
longer call option
C
longer put option
D
shorter put option
Question 10
In balance sheet, fixed assets are shown at
A
Cost price
B
Market value
C
Fair value
D
Written Down Value (WDV)
Question 11
TI of a person is determined on the basis of his
A
residential status in India
B
citizenship in India
C
none
D
both of the above
Question 12
The three column cash book represents
A
Real accounts
B
Nominal accounts
C
Nominal and personal accounts
D
Real, personal and nominal accounts
Question 13
..... are the storage areas for the various types of documents kept in a library.
A
Tasks.
B
. Racks
C
Stacks
D
Desks
Question 14
Stocks which has high book for market ratio are considered as
A
more risky
B
less risky
C
pessimistic
D
optimistic
Question 15
Cost which is changed in proportion to level total volume is
A
fixed cost
B
variable cost
C
total cost
D
infeasible cost
Question 16
While calculating the weighted average cost of capital, market value weights are preferred because.....
A
Book value weights are historical in nature
B
This is in conformity with the definition of cost of capital as the investors minimum required rate of return
C
Book value weights fluctuate violently
D
Market value weights are fairly consistent over a period of time.
Question 17
Loans by finance companies, banks and credit unions is classified as
A
consumer credit loans
B
dollar bonds
C
Eurodollar market deposits
D
euro bonds
Question 18
The standard of living of workers depends upon their
A
Nominal wages
B
Real wages
C
Average product
D
Government policy
Question 19
In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the right. Then
A
Price will fall
B
Price remains same
C
Price will rise
D
Quantity rises
Question 20
Office equipment's account is classified as
A
Nominal accounts
B
Real account
C
Cash account
D
Capital account
There are 20 questions to complete.

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