Commerce online quiz 92

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
.....represents that quantity of material which is normally ordered when a particular material reaches reordering level.
A
maximum level
B
re-order level
C
minimum level
D
Re-order quantity
Question 2
The ledger is a book of..... entry.
A
original
B
subsidiary
C
secondary
D
final
Question 3
Outstanding expense is.....
A
assets
B
liabilities
C
profit
D
loss
Question 4
Financial Management is mainly concerned with.....
A
all aspects of acquiring and utilizing financial resources for firms activities.
B
arrangement of funds.
C
efficient Management of every business.
D
profit maximization
Question 5
Which one of the following statutory committees needs to be constituted in a listed company?
A
Tender Committee
B
Audit Committee
C
Management Committee
D
Recruitment Committee
Question 6
The maximum number of members in case of private limited company is.....
A
10
B
20
C
30
D
50
Question 7
..... has been founded to act as permanent watchdog on the international trade.
A
ISRD
B
ADS
C
WTO
D
DIMF
Question 8
The preference shares holders who have no claim for the arrears of dividend are..... preference shares.
A
Cumulative
B
Non-cumulative
C
Redeemable
D
Irredeemable
Question 9
For which of the following factors are the debentures more attractive to the investors?
A
The principal is redeemable at maturity
B
A debenture-holder enjoys prior claim on the assets of the company over its shareholders in the event of liquidation
C
trustee is appointed to preserve the interest of the debenture holders
D
All the above.
Question 10
X and Y Motivation Theory has been propounded by?
A
Maslow
B
Ouchi
C
Herzberg
D
McGregor
Question 11
The sum of value of work certified and uncertified appearing in the Contract Account is called..
A
Work done.
B
Work in Process
C
Work Completed
D
Work in Progress
Question 12
What scrambles the contents of a file so you can't read it without having the right decryption key?
A
Encryption
B
Intrusion-detection software
C
Security-auditing software
D
All of the above
Question 13
Type of partnership in which liabilities are limited for business owners is classified as
A
unlimited partnership
B
limited partnership
C
joint corporate
D
joint venture
Question 14
The loss on the sale of old furniture is debited to-
A
profit & loss account
B
furniture account
C
trading account
D
depreciation account
Question 15
In element-wise classification of overheads, which one of the following is not included-
A
Fixed overheads
B
Indirect labour
C
Indirect materials
D
Indirect expenditure
Question 16
If direct service labour is $7000, idle time wages are $2000 and overtime premium is $950, then total figure would be
A
$5, 850
B
$5, 950
C
$9, 950
D
$10, 050
Question 17
Coefficient of correlation in case of frequency distribution could not be calculated in case of
A
Karl Pearson
B
Spearman
C
Least square method
D
None of the above
Question 18
Sales budget is a
A
Functional budget
B
Master budget
C
Expenditure budget
D
none of these
Question 19
.....are costs which have been applied against revenue of particular accounting period.
A
Expenses
B
income
C
loss
D
none of these
Question 20
Excess capacity is not found under
A
Monopoly
B
Monopolistic competition
C
Perfect competition
D
Oligopoly
There are 20 questions to complete.

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