10000 MCQ /questions on commerce questions answers
What is the maximum amount of demand for which the officer can issue an order under section 73 in case of other than fraud, misstatement or suppression?
Amount of tax + interest + penalty of 10% of tax
Amount of tax + interest + penalty of 10% of tax or Rs.10, 000/-whichever is higher
Amount of tax + interest + 25% penalty
An aspect that is debited in the journal entry will be given a..... in the ledger account.
none of these
The..... refers to the orderly relationship between spot and forward currency exchange rates and the rates of interest between countries.
Manner of utilizing ITC for payment of IGST.....?
(i) IGST (ii) SGST (iii) CGST (iv) Cash
(i) CGST (ii) IGST (iii) SGST (iv) Cash
(i) IGST (ii) Cash (iii) CGST (iv) SGST
(i) IGST (ii) CGST (iii) SGST (iv) Cash
Constant growth rate is 8% and an expected dividend yield is 5.4% then expected rate of return would be
ATM Stands for?
Automated Teller Machine
Automatic Teller Machine
Automated Teller Memory
Any Time Money
Minimum cash reserves fixed by law constitute...
A percentage of aggregate deposits of the bank
A percentage of aggregate loans and advances of the bank
A percentage of capital & reserves of the bank
All of the above
Stock in small companies, owned by few people but not actively traded is classified as
closely held stock
largely held stock
Accounts receivable & inventory are the examples of
Opening capital 9, 000; closing capital 16, 500; drawings during the year 2, 600. The amount of profit will be
Which of the following is true about "White Card"?
It is related to companies producing milk products
It does not carry on its face, the brand of the issuer
It is meant to covert blank money into the economy
It is a card that provides white money
If the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for
Coke will rise
7-Up will decrease
Coke and 7-Up will increase
Coke and 7-Up will decrease
The expenses of audit u/s 66 is determined and paid by:
the [Deputy/ Assistant Commissioner] with prior approval of the Commissioner.
the registered person.
Any of the above.
Planning is a..... process
All of these
Unsystematic risk is.....
the risk associated with movements in security prices
reduced through diversification
higher when interest rates rise
the risk of loss of purchasing power
The basic nature of assessment in GST will be:
Best Judgment Assessment
Finance company providing loans at 12% with 2 compounding periods per year, periodic rate is classified as
3% per quarter
6% per quarter
6% per year
0.1667 % per year
An amount of company retain earning, return on equity and inflation are factors which effect
return on assets
return on sales
return on value
A registered person claiming refund of balance in electronic cash ledger may make such a claim in:-
Application for refund
Returns filed at the end of tax periods
None of the above
General donations of relatively large amount is recorded on the
- Income side of Income and Expenditure Account
- Liabilities side of Balance Sheet
- Receipts side of Receipts and Payments Account
2 and 3
1 and 3
There are 20 questions to complete.