Business and Commerce MCQs

Question 1

The liability of partners in a firm is _________.

Accepted Answer

Unlimited

Answer

Limited

Answer

Joint liability

Answer

Separate liability

Question 2

A member of a company is __________.

Accepted Answer

Registered shareholder

Answer

Promoter

Answer

Director

Answer

Broker

Question 3

The difference between the actual price and excess price of a share is called as ____________.

Accepted Answer

Premium

Answer

Discount

Answer

Forfeiture

Answer

Surplus

Question 4

Dividend declared by a company ________.

Accepted Answer

may be paid in cash only

Answer

may be paid in kind

Answer

must be paid in cash

Answer

may be paid in cash or in kind

Question 5

Equity shareholders are the __________.

Accepted Answer

owners of the company

Answer

creditors of the company

Answer

debtors of the company

Answer

directors of the company

Question 6

The maximum number of members in case of private limited company is _________.

Accepted Answer

200

Answer

10

Answer

20

Answer

50

Question 7

The moral beliefs held by an individual.

Accepted Answer

Values

Answer

Rights

Answer

Duties

Answer

Personal

Question 8

Ethics is derived from the Greek word.

Accepted Answer

ethos

Answer

etho

Answer

ethic

Answer

ethical

Question 9

The interests and rights of customers are given top priority.

Accepted Answer

The Vendor Model

Answer

The Civic Model

Answer

The Austre Model

Answer

The Artistic Model