Commerce Most Important Solved MCQs Online Test No. 43

Leave a Comment / By Hassan / March 13, 2022 March 13, 2022

Online Free Taleem is free online MCQ’s test related to Lecturer Commerce. All the individuals who are going to appear in PPSC, FPSC, KKPSC, SPSC, BPSC, AJ&KPSC, NTS, Lecturer Commerce written test can attempt these tests in order to prepare for it in best possible way. Our tests of Lecturer of Commerce include all the important questions and Past Paper of Lecturer Commerce, that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.

Note:-

There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

Please Click Below START Button to Take this Commerce Test Online.

Test Instructions:-
Test Name	Lecturer Commerce
Subject	Commerce Test 43
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 43

1 / 25

In small company paid up capital plus undistributed reserves should not exceed:

25 million rupees.

5 million rupees.

30 million rupees.

20 million rupees.

2 / 25

conveyance provided by employ Acquire on lease .what will be the amount on Wich tax is calculate:

Cost.

Lease Rental.

Book value.

Four market value.

3 / 25

Bench mark rate at the year 2012:

10%

11%

15%

14%

4 / 25

No of heads of income:

5 / 25

Special allowances include:

Daily allown

Utility.

Medical.

Conveyance.

6 / 25

Resident person the total stay during tax year is more than:

182 days.

183 days

184 days.

180 days.

7 / 25

Expenditure made at the initiation of the business are :

Cap Expenditure

Capital Receipts

Revenue Expenditure.

Revenue Expenditure

8 / 25

Conveyance provided to employee for personal use to what will be the rate of Tax:

10%

15%

20%

9 / 25

The amount spent on the purchase of fixed asset is:

Capital Receipts

Revenue Receipts.

Capital expenditure

Revenue expenditure.

10 / 25

Dividend written in:

Salary.

Capital Gain.

Business.

FTR

11 / 25

Types of provident fund:

Govt. P.F

Reorganized P.F

unrecognized P.F

a,b & c

12 / 25

Find authority of Tax to hear the appeal:

Court.

Govt. Accountant member.

CIT.

Appellate Tribunal

13 / 25

Employ's contribution in Provident fund is:

Taxable.

Exempt 10%.

Included in Taxable income

25% exempt.

14 / 25

Period of benefit more then on year then it will be a:

Capital expenditure.

Revenue Ecpenditure.

Capital Receipts.

Revenue receipts.

15 / 25

Types of Tax year:

Normal tax year.

Special tax year.

Transitional tax year.

a, b and c

16 / 25

If the amount of Gratuity approved by Govt. then the amount is:

Taxable

Exempt

10% exempt

30% exempt

17 / 25

KIBOR stands for :

Karachi inter board offered rate.

Karachi inter bank offered rate.

Karachi invention.

Karachi inter Break offered rate.

18 / 25

The amount spent on the. Purchase of floating Asset is:

Capital Receipts.

Revenue Receipts.

Capital expenditure.

Revenue expenditure

19 / 25

Teachers are entitled for a concession of what percent of Gross Tax:

50%

60%

75%

70%

20 / 25

Rate of KIBOR on 3rd July 2012 was:

12%

11.95%

11.50%

10%

21 / 25

Agriculture income is treated at what head of income:

Business.

Capital gain.

Salary.

Other sources

22 / 25

Medical allowance at 10 percent is exempt of:

M.T.S.

Salary.

Basic salary.

Medical allownce.

23 / 25

In appellate Tribunal the members are appointed by the:

High court.

Board.

Supreme Court

Federal Govt.

24 / 25

If nothing is mention with the amount of salary its will always be assumed as:

Per month.

Per annum.

Per year.

b and c.

25 / 25

If facility provided to Admissible Areas then what will be rate of MTS or B.S:

45%

35%

30%

40%

Your score is

The average score is 0%

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