Commerce online quiz 89

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The acronym CIRCUS stands for
A
Current Interest Rate Swap.
B
Circular Currency Swap.
C
Combined Income Range Currency Swap.
D
Combined Interest Rate and Currency Swap.
Question 2
The minimum number of members for registration of a co-operative society is.....
A
two
B
seven
C
ten
D
twenty
Question 3
Forecast by analysts, retention growth model and historical growth rates are methods used for an
A
estimate future growth
B
estimate option future value
C
estimate option present value
D
estimate growth ratio
Question 4
A mixed economy is characterized by the co-existence of
A
Modern and traditional industries
B
Public and private sectors
C
Foreign and domestic investments
D
Commercial and subsistence farming
Question 5
Deduction under section 40(B) shall be allowed on account of salary/remuneration paid to
A
Any partner
B
Major partner only
C
Working partner only
D
None of the above
Question 6
importing goods for the purpose of reexport is termed as.....
A
Entrepot trade
B
Import trade
C
Export trade
D
wholesale trade
Question 7
Planning and control are..... functions of an office.
A
informative
B
administrative
C
public
D
private
Question 8
What is NOT true with regard to Currency Chests in India?
A
They are managed by different banks on behalf of RBI
B
Deposits in Currency Chests are taken into account for calculation of CRR (Cash Reserve Ratio)
C
Standard Chartered Bank, a Foreign Bank also maintains Currency Chest
D
None of the above
Question 9
In India, forex rates are determined by:
A
Importers
B
Exporters
C
RBI
D
Demand and supply forces
Question 10
Company specific risk is also known as.....
A
market risk
B
systematic risk
C
non-diversifiable risk
D
idiosyncratic risk
Question 11
The scope of cost accounting include....., ..... and.....
A
Cost ascertainment, cost presentation, cost control
B
tax planning, tax accounting, financial accounting
C
presentation of accounting information, creation of policy, day-to day operation
D
none of the above
Question 12
Ploughing-back of profits means-
A
Dividend declared but not claimed by shareholders
B
Non-declaration of dividend in any year
C
Profits earned from illegal sources and employed in business
D
Retaining the earnings of business for future expansion programme
Question 13
Hierarchy which is based on different types of cost allocation and drivers, is to categorize cost pool activity is classified as
A
cost hierarchy
B
price hierarchy
C
activity hierarchy
D
purpose hierarchy
Question 14
Financial leverage measures.....
A
sensitivity of EBIT with respect of % change with respect to output
B
% variation in the level of production
C
sensitivity of EPS with respect to % change in level of EBIT
D
no change with EBIT and EPS
Question 15
RBI notifies CRR under..... Act.
A
Section 24 of the Banking Regulation Act
B
Section 42 bf the Banking Regulation Act
C
Section 24 of the RBI Act
D
Section 42 of the RBI Act
Question 16
Cost function, in which cost does not change with any change in level of activity is a part of
A
step price functions
B
step object functions
C
step constant functions
D
step cost functions
Question 17
Price-earning ratio is equal to market price per equity share divided by...
A
Earning per share
B
Current assets
C
Current liabilities
D
Liquid assets
Question 18
Which term is used in the field of Banking?
A
Current Account
B
Plasma
C
Follow on
D
Cold chain
Question 19
If Median 27 and Mean = 30, Mode will be?
A
20
B
21
C
22
D
23
Question 20
In.....each job is a cost unit to which all costs are assigned.
A
Batch costing
B
Job costing
C
process costing
D
operation costing
There are 20 questions to complete.

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