Commerce online quiz 80

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only to the.....
A
Production departments
B
service departments
C
Both (A) and (B)
D
none of these
Question 2
New York Stock Exchange' is an example of
A
capital markets
B
money markets
C
liquid markets
D
short-term markets
Question 3
Which of the following is not considered a unilateral transfer?
A
foreign aid from one government to another
B
income earned from foreign investments
C
personal gifts to friends in foreign countries
D
donations to foreign countries from non-government
Question 4
Depreciation is charged on fixed assets to comply with which of the following accounting principle?
A
Matching concept
B
Prudence concept
C
Timeliness concept
D
Reliability concept
Question 5
In monopoly and perfect competition, the cost curves are
A
Same
B
Different
C
Opposite
D
None of the above
Question 6
A person who owes money to the firm is known as
A
debtor
B
creditor
C
supplier
D
none of the above
Question 7
Administration expenses are mostly.
A
semi-variable
B
variable
C
fixed
D
none of these.
Question 8
Process of tracing direct costs and allocation of indirect costs is known as
A
cost assignment
B
direct assignment
C
indirect assignment
D
economic assignment
Question 9
..... is a special term indicating the recording of entries in the ledger.
A
recording
B
journalizing
C
posting
D
balancing
Question 10
starting point in operating budget is
A
cost budget
B
material list
C
revenue budget
D
list of investors
Question 11
Royal Bank of Scotland based in London opens an account with State Bank of India in Mumbai in Indian Rupees. For SBI this account will be treated as.....
A
Nostro account
B
Vostro account
C
Loro account
D
All of these
Question 12
All of the following are wireless Internet access network technologies except.....
A
Wi-Fi
B
Bluetooth
C
Zigbee
D
GigaPoP
Question 13
Miller-Orr Model is suitable in those circumstances when the.....
A
demand for cash is steady
B
demand for cash is not steady
C
carry cost and transaction cost are to be kept at minimum
D
demand for cash is variable
Question 14
..... means using short-term forward contracts to offset ''paper'' gains and losses on the long-term assets and liabilities of foreign subsidiaries.
A
Hedging transaction exposure
B
Hedging balance-sheet exposure
C
Hedging economic exposure
D
Hedging cost exposure
Question 15
What will be the validity period of the provisional GST registration certificate that automatically issued on the appointed day?
A
For 30 days from the appointed day
B
For 60 days from the appointed day
C
For 90 days from the appointed day
D
For 6 months from the appointed day
Question 16
Which factor ensures your IT systems are functioning correctly and providing accurate information?
A
Availability
B
Accessibility
C
Reliability
D
Scalability
Question 17
The Insurer who grants a guarantee from the direct insurer is called as.....
A
Direct Insurer
B
Ceding Insurer
C
Re-Insurer
D
Double Insurer
Question 18
Whose signature is found on a 1 rupee currency note in India?
A
President of India
B
Governor, RBI
C
Finance Minister
D
Secretary, Ministry of Finance
Question 19
Direct material costs are added into direct manufacturing costs to calculate
A
discuss costs
B
prime costs
C
resale cost
D
merchandise costs
Question 20
Corporate associations who have common bonds being employees of same firm are classified as
A
credit unions
B
debit unions
C
preferred unions
D
solving unions
There are 20 questions to complete.

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