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Commerce - Part 3
1
of
25
💡
Hints:
3
Q1. This is connected to the cardholder’s bank account and used for purchases
A. ATM
B. PIN
C. Debit Card
D. The Card Act
Q2. Which of the following is NOT true of a public corporation?
A. the directors run their business according to their wishes
B. their main objective is not profit
C. they provide service to the people free or at low cost
D. They are mostly nationalized industries
Q3. What is the most likelyasource of finance for a small firm?
A. A debenture
B. Issuing shares
C. A bank loan
Q4. Board of directors are elected by
A. Creditors
B. Shareholders
C. Debtors
Q5. WHICH COUNTRY 1ST IMPLEMENTED THE GST:
A. USA
B. USSR
C. FRANCE
D. UK
Q6. A contract in which all parties to the contract have carried out their obligation is said to be terminated by
A. breach of contract
B. frustration
C. operation of the law
D. performance
Q7. Probation /Trial period signifies
A. One year to two years
B. One year to three years
C. Two years to four years
D. None of the above
Q8. Packaging is classified as:
A. Primary Industries
B. Secondary Industries
C. Commercial Industries
D. Tertiary Industries
Q9. Herbert Simon’s concept of administration man assumes that
A. he has satisfying approach in decision making rather than the maximising approach.
B. he can make decisions without determining all possible alternatives.
C. he is completely rational in decision making.
Q10. Identify the brand
×
A. Cafe Coffee Day
B. Barista
C. Starbucks
D. The Coffee Bean & Tea Leaf
Q11. ___function of management facilitates SWOT analysis.
A. Planning
B. Organising
C. Decision making
D. Controlling
Q12. Which is not a Nature of Business Risks?
A. Business risks arise due touncertainties
B. Risk is an essential part of every business
C. Degree of risk not depends mainlyupon the nature and size ofbusiness
D. Profit is the reward for risktaking
Q13. Risk in the money market is
A. High
B. Market
C. Low credit and market risk
D. Medium risk
Q14. What is the maximum size of image recommended for users?
A. 3 KB
B. 3 MB
C. 5 MB
D. 100 KB
Q15. Payment of interest is treated as a
A. Revenue expenditure
B. Revenue receipt
C. Capital expenditure
Q16. Ashareholder in a public limited company can sell his shares by
A. advertising them in a newspaper.
B. asking the company to buy them back.
C. offering them on the stock exchange.
D. transferring them to friends and family.
Q17. What are the main factors that affect the choice of tourist destinations?
A. Personal preference
B. Political stability
C. Financial factors
D. All of the above
Q18. What is the function of transportation?
A. To bring people from one place to another place
B. To bring goods from one place to another place
C. To link goods from wholesalers to consumers
D. To help manufacturer in getting the goods to consumer
Q19. Consumers Co-operative was first successful in
A. England
B. USA
C. India
Q20. Cocacola is a example of
A. MNC
B. Public company
C. Government company
Q21. refers to the process of identify- ing and attracting job seekers so as to buildapoolofqualifiedjobapplicants
A. Selection
B. Training
C. Recruitment
D. Induction
Q22. True or False: stakeholders can be internal and external.
A. True
B. False
Q23. Which of the following are examples of pressure groups?
A. Trade unions
B. Welfare organisations
C. Business associations
D. All of the above
Q24. 2 important components of business
A. Trade and commerce
B. Industry and commerce
C. Trade and industry
D. Profit and loss
Q25. Halo effect refers to the tendency of judging people on the basis of
A. A given set of traits
B. Behaviour of other people
C. A single trait
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