10000 MCQ /questions on commerce questions answers
First Indian IMGC has set up by NGH (National Housing Bank), IFC (International Finance Corporation), US based Gen worth and ADB (Asian Development Bank). IMGC stands for?
Indian Mortgage Guarantee Company
Indian Money Guarantee Company
Indian Maturity Guarantee Corporation
International Money Guarantee Company
Financial statements and budget plans of some companies are also called
Which of the following will not be considered as eligible duties and taxes?
Additional duty leviable u/s 3(5) of the CTA
Basic Customs Duty
Variable cost per unit.
varies with the level of output
remains constant irrespective of the level of output
changes with the growth of the firm
does not change with volume of production
Consider the following documents?
- Audit Report
- Audit Note-book
- Audit Programme
- Audit Files
(3) (2) (4) (1)
(4) (3) (1) (2)
(3) (1) (4) (2)
(1) (2) (3) (4)
According to the Accounting Standard (AS)-2, the inventory is to be valued at which one of the following?
Actual cost or sales value, whichever is lower
Net realizable value
Historical cost or net realizable value, whichever is lower
Planning function of management is performed by-
All of the above
Who can file a criminal case against the drawer of a dishonoured cheque?
The holder in due course
Both of the above
The paying banker
Is it mandatory that 'reasons to believe' must exist before issuing authorization for Inspection or Search and Seizure by the proper officer?
None of the above
A skillful method of providing means mechanism and structural elements to. streamline organizational work is known as.....
An expected rate of return is subtracted from capital gains yield to calculate
expected dividend yield
specialized growth rate
The permissible time period for the rectification of error apparent on the face of record in the case of Adjudicating Authority and FAA will be:
Within 1 Months of the Order
Within 2 Months of the Order
Within 3 Months of the Order
Within 6 Months of the Order
Conversion cost is subtracted from direct manufacturing labour cost is to calculate the
manufacturing overhead cost
The expenses relating to a particular process is.....
debited to that process a/c
credited to that process a/c
debited to costing profit and loss a/c
debited to profit and loss a/c
Financial support given to libraries are of two types-Recurring and
'Table A' is an alternative to.....
Articles of Association
Memorandum of Association
None of the above
Shareholder wealth in a firm is represented by.....
the number of people employed in the firm
the book value of the firm's assets less the book value of its liabilities
the amount of salary paid to its employees
the market price per share of the firms common stock
Number of methods available for calculation of Labour turnover is.....
Cost accounting disclose.
The Financial position
profit/loss of a product, job or service
effect and impact of cost on business
none of these
The arbitrary process is the behavioral foundation for the.....
There are 20 questions to complete.