# Commerce online quiz 95

By | August 21, 2018

## 10000 MCQ /questions on commerce questions answers

 Question 1
Suppose, Goods are sent for Job Work before the implementation date of GST and the same were not received back within 6 months from that date and not received it back even after the time extension of 2 months allowed on reasonable cause. What will be its
 A Deemed Supply of the Registered Dealer who sent the goods for Job Work B Deemed Supply of Job Worker C No Taxable Event D Either of the Party Liable to Pay GST
 Question 2
Double declining balance method and sum of years digits are included in
 A yearly method B single methods C double methods D accelerated methods
 Question 3
An electronic check is one form of what?
 A e-commerce B online banking C e-cash D check
 Question 4
Suppose the demand for meals at a medium-priced restaurant is elastic. If the management of the restaurant is considering rasiing prices, it can expect a relatively
 A Large fall in quantity demanded B Large fall in demand C Small fall in quantity demanded D Small fall in demand
 Question 5
Sales budget variance is subtracted from flexible budget amount to calculate
 A static budget amount B unstated amount C constant amount D variable amount
 Question 6
..is an example of long-term budget
 A Cash budget B Capital expenditure budget C Research and development budget D Both b & c
 Question 7
The deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as.....
 A Difference B Variance C Discrepancy D Inconsistency
 Question 8
.....is an allowance or deduction made from the invoice price of goods sold.
 A trade discount B cash discount C commission D none of these
 Question 9
Direct material cost is $75000 and direct manufacturing labour is$20000, then prime cost would be
 A $55, 000 B$37, 500 C $95, 000 D$26, 000
 Question 10
'Matrix organisation' refers to a term of
 A Organisation where authority and responsibility coexist B Organisation in which two or more basic types of departmentation are combined. C Mathematical arrangement of events in columns and rows. D None of the above
 Question 11
Relationship between total risk of stock, diversifiable risk and market risk is classified as
 A total risk B standard deviation C standard alpha D treynor alpha
 Question 12
Non-systematic risk is also known as.....
 A riskless B market risk C random risk D company-specific risk
 Question 13
The limitation period for the completion of assessment in respect of non-filers of returns?
 A If fraud or wilful suppression-within 5 years from the due date or actual date of filing of the annual return whichever is earlier B If no fraud or no wilful suppression-within 3 years from the due date or actual date of filing of the annual return whichever is earlier C Either of the Above (a) or (b) D None of the Above
 Question 14
Betas tend to move towards 1.0 with passage of time are classified as
 A standard betas B varied betas C historical betas D adjusted betas
 Question 15
An indifference curve is always
 A A vertical straight line B Convex to the origin C Concave to the origin D A horizontal straight line
 Question 16
The virus that are commonly found in word documents are called.....
 A Macro B Trojan horse C Script virus D None of the above
 Question 17
In which form, the largest percentage of national income is earned?
 A Interest income B Proprietor's income C Employee' wages D Rental income
 Question 18
Value of sales considers sales value at split off method is of
 A entire direct material of accounting period B entire production of accounting period C portion of production of accounting period D entire indirect material of accounting period
 Question 19
Which one is not international Institution?
 A IMF B IDA C IBRD D TRAI
 Question 20
How a person can submit the application for registration?
 A Filing FORM GST REG-01 along with necessary documents with the jurisdictional proper officer. B Filing FORM GST REG-01 electronically in the common portal and uploading the required documents along with the application. C Uploading necessary documents electronically in the common portal and also submitting manually to the jurisdictional proper officer. D None of the above
There are 20 questions to complete.