Miscellaneous in Commerce MCQ Questions and Solutions with Explanations

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Miscellaneous in Commerce MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Miscellaneous in Commerce MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-3 section-3

Each section contains 100 MCQs on Miscellaneous in Commerce .

The method being used for Transferring Complex Technology is known as:

A) Licensing Agreement B) Transfer of Technology C) Turnkey Contract D) None of the above

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which of the following items would not fall under the definition of an asset?

A) Land B) Machine C) Cash D) Owner Equity

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

"Financial information should be neutral and bias free" is the dictation of which one of the following?

A) Completeness concept B) Faithful representation concept C) Objectivity concept D) Duality concept

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Financial accounting is concerned with:

A) Recording of business expenses and revenue B) Recording of costs of products and services C) Recording of day to day business transactions D) None of the above

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which of the following is NOT true about web marketers?

A) Web marketers usually try to attract prospects to their site through email, advertisements in newspapers B) Use attractions like discounts, gifts and contests C) Ask customers to give their personal data mandatorily D) Give a lot of publicity to the discount schemes

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

The term Management Accounting was first used in:

A) 1910 B) 1939 C) 1950 D) 1960

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Industrial (Development and Regulations) Act was enacted in the year

A) 1951 B) 1956 C) 1977 D) 1991

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Microfilming is a method of

A) retaining information B) indexing C) obtaining copies of documents D) communication

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Which of the following is not an element of office management?

A) Environment B) Means C) Marketing D) Managerial qualifications

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which among the following statement is correct?

A) Section 148 of Indian Contract Act, 1872 deals with Bailment B) Section 4 of the Company act, 1956 deals with Bailment C) Section 13 & 14 of the Indian Contract Act, 1872 deals with Bailment D) Section 2(h) of the Indian contract Act 1872 deals with Bailment E) Section 124 of the Indian Contract Act 1872 deals with Bailment

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

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Miscellaneous in Commerce MCQ Questions and Solutions with Explanations | Commerce