M.com Part 2 All Subject MCQ Link In One Link
1. Indian has chosen _____________ model
of dual GST.
a) USA
b) UK
c) Canadian
of dual GST.
a) USA
b) UK
c) Canadian
d) Japan
ANS: C
2. Liability to pay tax by the recipient
of supply of goods or services is called __________.
a) Forward charge
b) Reverse charge
c) Output tax
d) Input tax
ANS: B
3. Tax paid on purchase of goods or
services or both is called__________.
a) Output tax
b) Composite tax
c) Input tax
d) Reverse tax
ANS: C
4. Which of the following are not a
benefits of GST ?
a) Creation of unified national market
b) Boost to ‘Make in India’ initiative
c) More Competitive products
d) Increase in overall tax burden on consumer
ANS: D
5. Works contract is a supply of __________.
a) Services
b) Goods
c) Both goods and services
d) Neither goods nor supply of services6
ANS: A
6. Gifts not exceeding ________ in a year
by an employer to employee shall not be treated as supply.
a) Rs.
5,000
b) Rs.
10,000
c) Rs.
50,000
d) Rs.
1,00,000
ANS: C
7. A DTH company supplies a dish, set-top
box, 3 year repairing and subscription of 500 channels for five years services
as a package to the customers for Rs. 25,000. This is a ________.
a) Mixed
supply
b)
Continous supply
c)
Composite supply
d)
Common supply
ANS: C
8. One tooth paste and tooth brush and a
toilet soap sold in a packet for Rs. 50 is ________.
a)
Composite supply
b) Mixed
supply
c)
Common supply
d)
Continous supply
ANS: B
9. What would be the tax rate applicable
in case of composite supply ?
a) Tax
rate as applicable on principal supply
b) Tax
rate as applicable on ancillary supply
c) Tax
rate as applicable on supply attracting the highest rate of tax
d) Not
taxable at all
ANS: A
10. What would be the tax rate applicable
in case of mixed supply ?
a) Tax
rate as applicable on supply attracting the lowest rate of tax
b) Tax
rate as applicable on supply attracting the highest rate of tax
c) Tax
rate as applicable on principal supply
d) Tax
rate as applicable on ancillary supply
ANS: B
11. A person is liable to be registered
under GST law where the aggregate value of supply of services exceeds Rs.
______________, in general category.
a) 10 Lakhs
b) 20 Lakhs7
c) 40 Lakhs
d) 75 Lakhs
ANS: B
12. ________________ is the application
form for registration on casual taxable person.
a) GST-REG-11
b) GST–REG-01
c) GST-REG-10
d) GST-REG-06
ANS: B
13. __________________ is the15 -digit GST
Identification Number.
a) GSTN
b) GSTP
c) GSTIN
d) GSTR
ANS: C
14. In case of special category states the
limit of aggregate turnover for GST registration is Rs. _____________ .
a) 10 Lakhs
b) 20 Lakhs
c) 40 Lakhs
d) 30 Lakhs
ANS: A
15. Mr. Z shows following supplies in
March 20 : Export of services: Rs. 15 lacs; Supply of goods exempted Rs. 5
lacs; Supply of taxable goods: Rs. 10 lacs. The aggregate turnover under GST in
case of Mr. Z will be:
a) 20 lacs
b) 25 lacs
c) 30 lacs
d) 10 lacs
ANS: C
16. Ms. Dayaben who has place of business
in Ahmedabad engaged in supply of goods shows the following details for the
year 2019-2020: Month Taxable PurchasesTaxable Sales Tax-Free Sales
Dec 17 430,000 500,000 200,000
Jan 18 45,000 200,000 100,000
Feb 18 70,000 300,000 210,000
Mar 18 80,000 100,000 200,000
From which month is She is liable to apply for
registration under GST.
a. Jan 18
b. Feb 18
c. Mar 18
d. Not liable for registration.
ANS: D
17.
GST registration is _________.
a) PAN based
b) passport based 8
c) Aadhar based
d) none of the above
ANS: A
18.
Within how many days a person should apply for registration ?
a) Within 30 days from the date he becomes
liable for registration
b) Within 60 days from the date he becomes
liable for registration
c) No Time Limit
d) Within 90 days from the date he becomes
liable for registration
ANS: A
19.
What is the validity of registration certificate issued to casual taxable
person and non-resident taxable person ?
a) 90 days from the effective date of
registration
b) Period specified in the application of
registration
c) Earliest of (a) or (b) above
d) 180 days from the effective date of
registration
ANS: C
20.
Which of the following persons are not liable for compulsory registration
_________.
a) E-commerce operators
b) Agriculturists
c) Input Service Distributors
d) Non Resident Taxable person
ANS: B
21.
When can a voluntarily registration may not be cancelled ?
a) If
the person does not start business within 6 months from the date of registration
b) Business has been discontinued or
transferred for any reason
c) Non-filing of returns for a continuous
period of 6 months
d) If a person files all the return within due
date under GST
ANS: D
22.
The application shall be forwarded to the _________ who shall examine the
application and the accompanying documents for GST registration.
a) Proper Officer
b) GSTN
c) GSTP
d) GST Portal
ANS: A
23.
Certificate of registration is issued in which form ?
a) GST REG-06
b) GST REG-02 9
c) GST REG-01
d) GST REG-10
ANS: A
24.
What is the validity of the registration certificate ?
a) One year
b) No validity
c) Valid till it is cancelled.
d) Five years.
ANS: C
25.
Within how many days an application for revocation of cancellation of
registration can be made ?
a) 7 days from the date of service of the
cancellation order
b) 15 days from the date of issue of the
cancellation order
c) 45 days from the date of issue of the
cancellation order
d) 30
days from the date of service of the cancellation order
ANS: C
2. Liability to pay tax by the recipient
of supply of goods or services is called __________.
a) Forward charge
b) Reverse charge
c) Output tax
d) Input tax
ANS: B
3. Tax paid on purchase of goods or
services or both is called__________.
a) Output tax
b) Composite tax
c) Input tax
d) Reverse tax
ANS: C
4. Which of the following are not a
benefits of GST ?
a) Creation of unified national market
b) Boost to ‘Make in India’ initiative
c) More Competitive products
d) Increase in overall tax burden on consumer
ANS: D
5. Works contract is a supply of __________.
a) Services
b) Goods
c) Both goods and services
d) Neither goods nor supply of services6
ANS: A
6. Gifts not exceeding ________ in a year
by an employer to employee shall not be treated as supply.
a) Rs.
5,000
b) Rs.
10,000
c) Rs.
50,000
d) Rs.
1,00,000
ANS: C
7. A DTH company supplies a dish, set-top
box, 3 year repairing and subscription of 500 channels for five years services
as a package to the customers for Rs. 25,000. This is a ________.
a) Mixed
supply
b)
Continous supply
c)
Composite supply
d)
Common supply
ANS: C
8. One tooth paste and tooth brush and a
toilet soap sold in a packet for Rs. 50 is ________.
a)
Composite supply
b) Mixed
supply
c)
Common supply
d)
Continous supply
ANS: B
9. What would be the tax rate applicable
in case of composite supply ?
a) Tax
rate as applicable on principal supply
b) Tax
rate as applicable on ancillary supply
c) Tax
rate as applicable on supply attracting the highest rate of tax
d) Not
taxable at all
ANS: A
10. What would be the tax rate applicable
in case of mixed supply ?
a) Tax
rate as applicable on supply attracting the lowest rate of tax
b) Tax
rate as applicable on supply attracting the highest rate of tax
c) Tax
rate as applicable on principal supply
d) Tax
rate as applicable on ancillary supply
ANS: B
11. A person is liable to be registered
under GST law where the aggregate value of supply of services exceeds Rs.
______________, in general category.
a) 10 Lakhs
b) 20 Lakhs7
c) 40 Lakhs
d) 75 Lakhs
ANS: B
12. ________________ is the application
form for registration on casual taxable person.
a) GST-REG-11
b) GST–REG-01
c) GST-REG-10
d) GST-REG-06
ANS: B
13. __________________ is the15 -digit GST
Identification Number.
a) GSTN
b) GSTP
c) GSTIN
d) GSTR
ANS: C
14. In case of special category states the
limit of aggregate turnover for GST registration is Rs. _____________ .
a) 10 Lakhs
b) 20 Lakhs
c) 40 Lakhs
d) 30 Lakhs
ANS: A
15. Mr. Z shows following supplies in
March 20 : Export of services: Rs. 15 lacs; Supply of goods exempted Rs. 5
lacs; Supply of taxable goods: Rs. 10 lacs. The aggregate turnover under GST in
case of Mr. Z will be:
a) 20 lacs
b) 25 lacs
c) 30 lacs
d) 10 lacs
ANS: C
16. Ms. Dayaben who has place of business
in Ahmedabad engaged in supply of goods shows the following details for the
year 2019-2020: Month Taxable PurchasesTaxable Sales Tax-Free Sales
Dec 17 430,000 500,000 200,000
Jan 18 45,000 200,000 100,000
Feb 18 70,000 300,000 210,000
Mar 18 80,000 100,000 200,000
From which month is She is liable to apply for
registration under GST.
a. Jan 18
b. Feb 18
c. Mar 18
d. Not liable for registration.
ANS: D
17.
GST registration is _________.
a) PAN based
b) passport based 8
c) Aadhar based
d) none of the above
ANS: A
18.
Within how many days a person should apply for registration ?
a) Within 30 days from the date he becomes
liable for registration
b) Within 60 days from the date he becomes
liable for registration
c) No Time Limit
d) Within 90 days from the date he becomes
liable for registration
ANS: A
19.
What is the validity of registration certificate issued to casual taxable
person and non-resident taxable person ?
a) 90 days from the effective date of
registration
b) Period specified in the application of
registration
c) Earliest of (a) or (b) above
d) 180 days from the effective date of
registration
ANS: C
20.
Which of the following persons are not liable for compulsory registration
_________.
a) E-commerce operators
b) Agriculturists
c) Input Service Distributors
d) Non Resident Taxable person
ANS: B
21.
When can a voluntarily registration may not be cancelled ?
a) If
the person does not start business within 6 months from the date of registration
b) Business has been discontinued or
transferred for any reason
c) Non-filing of returns for a continuous
period of 6 months
d) If a person files all the return within due
date under GST
ANS: D
22.
The application shall be forwarded to the _________ who shall examine the
application and the accompanying documents for GST registration.
a) Proper Officer
b) GSTN
c) GSTP
d) GST Portal
ANS: A
23.
Certificate of registration is issued in which form ?
a) GST REG-06
b) GST REG-02 9
c) GST REG-01
d) GST REG-10
ANS: A
24.
What is the validity of the registration certificate ?
a) One year
b) No validity
c) Valid till it is cancelled.
d) Five years.
ANS: C
25.
Within how many days an application for revocation of cancellation of
registration can be made ?
a) 7 days from the date of service of the
cancellation order
b) 15 days from the date of issue of the
cancellation order
c) 45 days from the date of issue of the
cancellation order
d) 30
days from the date of service of the cancellation order
ANS: D
M.com Part 2 Other Subject MCQ
FINANCIAL MANAGEMENT
https://www.mumbaiuniversityidol.com/2021/04/financial-management-mcom-part-2-mcq-pdf.html
1. https://www.surajpateleducation.com/2021/05/financial-management-mcq-book-pdf.html
2. https://www.surajpateleducation.com/2021/04/mcom-part-2-financial-management-mcq-pdf.html
ENTREPRENEURSHIP
https://www.mumbaiuniversityidol.com/2021/05/mcom-part-2-entrepreneurship.html
1) https://www.surajpateleducation.com/2021/01/entrepreneurship-mcom-part-2-multiple.html
https://www.surajpateleducation.com/2021/01/entrepreneurship-development-importance.html
AUDITING
https://www.mumbaiuniversityidol.com/2021/05/auditing-mcom-part-2-mcq-pdf-mcom-part.html
1. https://www.surajpateleducation.com/2020/10/auditing-question-bank-2020.html
2. https://www.mumbaiuniversityidol.com/2021/05/auditing-mcom-part-2-mcq-pdf-mcom-part.html
RESEARCH METHODOLOGY
https://www.mumbaiuniversityidol.com/2021/05/research-methodology-mcom-part-2-mcq.html
1. https://www.surajpateleducation.com/2020/10/suraj-patel-education-research.html
2. https://www.surajpateleducation.com/2020/10/research-methodology-mcom-part-ii.html
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