Miscellaneous In Commerce — Part 2 MCQs with Explanations

1, 3 and 4 is the correct answer to “Which three of the following types of cyber attacks may occur in the process of mobile banking? 1. Backdoor attack 2. Front door attack 3. Denial of service attack 4. Direct access attack Choose the correct option from those given below :”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

SEBI is the correct answer to “The institution set up for general supervision and control of capital market is:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

20% is the correct answer to “If net profit margin is 10%, total assets turnover 2 times, and the total debts to total assets ratio 0.6 the return on equity will be:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

2 and 3 is the correct answer to “Which of the following statements are true? 1. Pay-back period method considers all cash flows of a project 2. Pay-back period method concerns more with the recovery of cost than profitability 3. Net Present Value represents net addition to the wealth of shareholders 4. Accounting Rate of Return method incorporates risk as well as time value of money Choose the correct option from those below:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Trading account and Profit & Loss account is the correct answer to “All direct & indirect expenses related to business are charged:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Actual figures is the correct answer to “Financial account record only:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Accounting principles is the correct answer to “Custom and traditions which guide the accountant while preparing the accounting statements:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Public Relations function is the correct answer to “Which of the following is not a part of the basic function of Office Management”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Practicability is the correct answer to “Accounting principles are generally based upon:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Customer a/c is the correct answer to “The cash discount allowed to a debtor should be credited to:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Owner's equity is the correct answer to “Which one of the following items would fall under the definition of a liability”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

The transactions which cannot be expressed in money, will not be recorded in accounting books is the correct answer to “Which of the following is not related with Money Measurement Concept”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

All of the above is the correct answer to “Content of income statement”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Cash Budget is the correct answer to “Which of the following is not a part of Production Cost Budget”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Reserve Bank of India is the correct answer to “Which of the following sanctions foreign exchange for import of goods:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Lateral combination is the correct answer to “The business combination which engages in the manufacture of different kinds of products of allied nature is called:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

a-3, b-1, c-4, d-2 is the correct answer to “Match List-I with List-II and select the correct answer: List I List II a. Rival firms 1. External Environment b. Technology 2. Social and cultural environment c. Improving quality 3. Internal environment d. Ethics business 4. Global environment”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Wasting asset is the correct answer to “Which type of asset class includes those assets which have only definite use and become valueless when the yield is over”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Decreases assets is the correct answer to “Cash Purchases:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Debiting salary a/c; crediting cash a/c is the correct answer to “Payment of salary is recorded by:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Results in no change in the Total Assets is the correct answer to “Payment received from Debtor:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Convention of consistency is the correct answer to “Accountant should follow the same principles of accounting continuously is as per which accounting convention:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Manufacturing and service concern is the correct answer to “Cost accounting is applied to:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Printing of stamp on envelops is the correct answer to “Franking machine is used for-”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Both Goodwill and Accounts Receivable is the correct answer to “Which of the following is a real (permanent) account”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

All of these is the correct answer to “Which of the following functions is managerial accounting intended to facilitate”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

When they are earned is the correct answer to “The revenue recognition principal dictates that all types of incomes should be recorded or recognized when:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

273 Days T-bills were introduced in 2006 is the correct answer to “Choose incorrect statement from the following:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Net Operating Income Approach is the correct answer to “Under which of the following approaches, the cost of equity is assumed to increase linearly with leverage, i.e., the average cost of capital remains constant with increased use of leverage”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

To keep records and letters safe for future is the correct answer to “The main function of a business office is”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Bear is the correct answer to “Which one of the following speculative classes causes a fall in the prices of securities in the near future? OR Which category of speculators expects a fall in the price of securities in the near future:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

(1) Only is the correct answer to “Which of the following statements is correct in regards to exchange rate risk of a firm importing goods? (1) If home currency weakens, the firm incurs a loss. (2) If home currency strengthens, the firm incurs a loss. Select the correct answer from the options given below:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

primary market is the correct answer to “New issue of shares is made in”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Reduces expenditure is the correct answer to “Vertical Combination:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

(1), (2), (3), (4) and (5) is the correct answer to “Which of the following are the forms of e-banking? Select the correct answer. (1) Internet Banking (2) Telephone Banking (3) Electronic Cheque Conversion (4) Electronic Bill Payment (5) Direct Fund Transfer Through RTGS”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Interpret financial data is the correct answer to “The basic function of financial accounting is to:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Capital Profit is the correct answer to “Profit from sale of assets is example for:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Ascertain the cost of goods and services is the correct answer to “The primary objective of cost accounting is:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

Determination of profit is the correct answer to “Financial accounting deals with:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.

The management information system is the correct answer to “Systems approach to management refers to:”. This question is standard in competitive examination syllabi for Miscellaneous In Commerce.