Commerce online quiz 77

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Consider the following stages before commencing an audit:
  1. Ascertaining the scope of audit work an auditor has to undergo
  2. Gaining knowledge about business of the client.
  3. Going through the agreement with the
A
2, 1, 3, 4
B
3, 4, 2, l
C
2, 4, 3, 1
D
3, l, 2, 4,
Question 2
Which of the following functions are not being performed by the Reserve Bank of India?
A
Regulation of banks in India
B
Foreign currency management in India
C
Regulation of foreign direct investment in India
D
Control and supervision of money supply
Question 3
* In expected rate of return for constant growth, capital gains is divided by capital gains yield to calculate
A
returning price
B
ending price
C
beginning price
D
regular price
Question 4
Fixing of charges for various types of services like issuance of demand draft etc. except cheques collection provided by urban co-operative banks is done by
A
Reserve Bank of India
B
the Indian Bank's Association
C
NABARD
D
the bank itself which should not be out of line with the average cost of providing the services
Question 5
An allowance of Rs. 1000 given to Mr. Devan for prompt payment will be debited to the..... account
A
discount received
B
discount allowed
C
devan's
D
none of these
Question 6
Goods directly involved in the production process are known as.....
A
MRO goods
B
procured goods
C
indirect goods
D
direct goods
Question 7
Evaluating 4. Motivating Codes: (a) (b) (c) (d)
A
2 4 1 3
B
1 2 3 4
C
2 1 4 3
D
3 4 2 1
Question 8
While auditing the financial statements of non-corporate enterprises, the auditor's duties and scope of work would be governed by-
A
the statute passed by the Parliament
B
the Companies Act, 1956, and the client concerned jointly
C
the agreement with his client.
D
the provisions of the Income Tax Act, 1961
Question 9
The primary emphasis of.....cost is on the planning function of management.
A
Budgeted
B
standard
C
period
D
none of these
Question 10
An unmanaged fixed income security portfolio handled by an independent trustee is known as a.....
A
junk bond fund
B
closed-end investment company
C
unit investment trust
D
hedge fund
Question 11
A business owes money to
A
debtors
B
creditors
C
investors
D
shareholders
Question 12
When two or more companies are amalgamated, the liability to pay tax on supplies between the effective date of amalgamation order and date of amalgamation order would be on-
A
Transferee;
B
Respective companies;
C
Any one of the companies;
D
None of the above.
Question 13
Paisapay is facilitated in.
A
eBay.co.in
B
amazon.com
C
flipkart.com
D
none of the above
Question 14
Carriage outward is shown on the
A
debit side of trading account,
B
debit side of profit and loss account,
C
credit side of profit and loss account,
D
liability side of the balance sheet.
Question 15
Total transferred-out cost plus normal spoilage is divided by number of goods units produced to calculate
A
cost per good units transferred out
B
cost per good units transferred in
C
revenue per good units transferred out
D
revenue per good units transferred in
Question 16
Regional Rural Banks have been set up with the basic objectives of:
A
Providing credit to semi-urban & urban population
B
Providing deposits facilities to farmers
C
Providing credit & deposit facilities to rural areas
D
Providing credit, deposit and other banking facilities to people in rural areas
Question 17
In weighted average capital, capital structure weights estimation does not rely on value of
A
investor's equity
B
market value of equity
C
book value of equity
D
stock equity
Question 18
A type of contract in which contract holder has right to sell an asset at specific period for predetermining price is classified as
A
option
B
written contract
C
determined contract
D
featured contract
Question 19
The total of all direct expenses is known as.....cost.
A
Prime
B
Works
C
Production
D
Both (A) and (B)
Question 20
Which of the following term is used to represent the proportionate relationship between debt and equity?
A
Cost of capital
B
Capital Budgeting
C
Assets Structure
D
Capital structure
There are 20 questions to complete.

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