Commerce online quiz 99

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The following are some of the costs of a clothing manufacturer. State which among them will you consider as fixed cost?
A
Cost of cloth
B
Piece wages paid to workers
C
Depreciation on machines owing to time
D
Cost of electricity for running machines
Question 2
Which form of market structure is characterised by interdependence in decision-making as between the different competing firms?
A
Oligopoly
B
Perfect competition
C
Imperfect competition
D
None of the above
Question 3
The return of shares to the company is known as.....
A
Surrender of shares
B
Transmission of shares
C
Redeemable shares
D
Irredeemable shares
Question 4
Which of the following is not a dimension of privacy?
A
Need for personal space
B
Need to feel in control of our possessions
C
Need to feel in control of our personal information
D
All of the above are dimensions of privacy
Question 5
A machinery is purchased for Rs. 3, 00, 000 and Rs. 50, 000 is spent on its installation. Rs. 5, 000 is spent on fuel. What will be the amount of capital expenditure?
A
Rs. 3, 00, 000
B
Rs. 3, 50, 000
C
Rs. 3, 55, 000
D
None of these
Question 6
International joint ventures can lead to welfare losses when the newly established firm
A
adds to the pre-existing productive capacity
B
enters markets neither parent could have entered individually
C
yields cost reductions unavailable to parent firms
D
gives rise to increased amounts of market power
Question 7
Accounts payable, accruals and notes payables are listed on balance sheet as
A
accrued liabilities
B
current liabilities
C
accumulated liabilities
D
non-current liabilities
Question 8
A Joint stock company is governed by.....
A
Companies Act 2006
B
Companies Act 1936
C
Companies Act 2012
D
Companies Act 2013
Question 9
Inventory turnover ratio = Cost of.....during the period $\div$Cost of average inventory held during the period.
A
Inventory consumed
B
minimum inventory
C
maximum inventory
D
none of these
Question 10
According to Section 227(1) of the Companies Act, 1956, the Auditor does not have the right
A
To sign the Audit Report
B
To see the books, accounts and vouchers of the company
C
To obtain information and explanation
D
To correct any wrong statement
Question 11
The return after the pay off period is not considered in case of.....
A
Payback period method
B
Interest rate method
C
Present value method
D
Discounted cash flow method
Question 12
When can assistance of expert be taken? (i) Scrutiny (ii) Inquiry (iii) Investigation (iv) Before passing Order Code:
A
i, ii & iii
B
i, ii & iv
C
ii, iii & iv
D
i, ii, iii & iv
Question 13
If an investor is attempting to buy a stock that is very volatile, it would be best to use.....
A
market order
B
limit order
C
stop-loss order
D
contingency order.
Question 14
The cash discount allowed to a debtor should be credited to
A
Debtor account
B
Discount account
C
Cash account
D
None of these
Question 15
The various combination of goods that can be produced in any economy when it uses its available resources and technology efficiency are depicted by
A
Demand curve
B
Production curve
C
Supply curve
D
Production possibility curve
Question 16
Every registered taxable person shall be entitled to take credit of input tax in his return and such input tax credit shall be credited to
A
Personal Ledger Account
B
Refund account
C
Electronic Cash Ledger
D
Electronic Credit Ledger
Question 17
The time limit beyond which if goods are not returned, the inputs sent for job work shall be treated as supply
A
One year
B
Five years
C
Six months
D
Seven years
Question 18
Who can issue fresh notice for enhanced demand by appeal, revision of application or other proceedings:
A
Commissioner
B
Assistant Commissioner
C
Joint Commissioner
D
Any of above
Question 19
Shares having no face value are known as
A
no par stock
B
at par stock
C
equal stock
D
debt equity stock
Question 20
The central issue of efficient markets concerns.....
A
regulations
B
information
C
participants
D
structure
There are 20 questions to complete.

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