10000 MCQ /questions on commerce questions answers
An inventory recording in balance sheet includes
First in first out
Last in first out
last in last out
Both A and B
Preferred dividend is divided by preferred stock price multiply by (1-floatation cost) is used to calculate
transaction cost of preferred stock
financing of preferred stock
weighted cost of capital
component cost of preferred stock
Perquisite received by the assessee during the course of carrying on his business or profession is taxable under the head.
None of the above
If future return on common stock is 14% and rate on T-bonds is 5% then current market risk premium will be
Hedging with options is best recommended for
Hedging contingency exposures.
Hedging foreign currency loans
'Sugam' is a scheme launched for
Small tax payers
Pensioners getting old age pension
Big corporate houses
Getting all sorts of permission / clearances for small exporters
What is financial inclusion?
To provide a permanent employment to the unemployed
To provide a 100 days job at all those who are in need of a job
To provide banking services to all those living in remote areas
To ensure that all financial transactions amounting Rs. 5, 000/-and above are done through banks.
A worker is allowed 60 hours to complete the job on a guaranteed wage of Rs 10 per hour Under the Rowan Plan, he gets an hourly wage of Rs 12 per hour For the same saving in time, how much he will get under the Halsey Plan?
Is a Composition dealer registered under the old law required to obtain Final GST Registration?
No, Old number will continue
Yes, mandatory for all Composition dealers
Yes, Subject to the turnover crossing the GST Turnover limit.
No, will be governed by old law.
Which one of the following is not an element of direction?
Planning and organizing various resources for doing work
Continuous training activity in which subordinates are instructed to carry out a particular assignment
Motivation of subordinates to try to meet the expectations of manager
Maintaining discipline and rewarding those who perform properly
Which one of the following accounting conventions stipulates that contingent assets appear as a footnote in the balance sheet?
Agreement to exchange one currency for another at a specified exchange rate and date is
Currency put option
Currency call option
Current option price is added to present value of portfolio for calculating
future value of portfolio
current value of stock
future value of stock
present value of portfolio
Which of the following provides financial aid to the developing countries of Asia?
Association of South East Asia Nations
International Development Association
Asian Development Bank
None of the above
The permissible time period for the rectification of an error apparent on the face of record by the Tribunal will be:
1 Month from the date of order
2 Months from the date of order
3 Months from the date of order
No such time limit.
Conversion cost is $2000 and manufacturing overhead cost is $7000, then direct manufacturing labour cost will be
The actual output of 162, 500 units and actual fixed costs of Rs 87000 were exactly as budgeted. However, the actual expenditure of Rs 300, 000 was Rs 18, 000 over budget. What was the budget variable cost per unit?
Qatar based Doha Bank declared to open its first branch in which of the following Indian cities?
The producer is in equilibrium at a point where the cost line is
Above the isoquant
Below the isoquant
Cutting the isoquant
Tangent to isoquant
Expand the term IFRS
Indian Financial Reporting Standards
Indian Financial Reporting Systems
International Financial Reporting Standards
International Financial Reporting Systems
There are 20 questions to complete.