Business and Commerce MCQs

Question 1

A partnership firm cannot receive fund (money)

Accepted Answer

Issuing bonds

Answer

Bank loan

Answer

Government debt

Answer

Loans from partner

Question 2

Duty withdrawal Credit Scheme, 1976 benefits exporters who avail of interest free finance up to:

Accepted Answer

90 days

Answer

120 days

Answer

60 days

Answer

45 days

Question 3

A dormant partner participates in:

Accepted Answer

Profit

Answer

Management

Answer

Liability

Answer

Duty

Question 4

World Trade Organisation came into existence in the year

Accepted Answer

1995

Answer

1993

Answer

1991

Answer

None of these

Question 5

The primary objective of a co-operative organization is

Accepted Answer

To serve

Answer

Making profit

Answer

Selling good quality goods

Answer

Using government aid

Question 6

TRIPS (Trade Related Intellectual Property Rights) and TRIMS (Trade Related Investment Measures) are associated with

Accepted Answer

Dunkel Proposal

Answer

Preston Proposal

Answer

Cheltiah Committee

Answer

Rangrajan Committee

Question 7

Which of the following is not a market-environment issue?

Accepted Answer

Environmental Protection Analysis

Answer

Customer's Analysis

Answer

Market Intermediary Analysis

Answer

Competitors Analysis

Question 8

In the eyes of law, a private company will be deemed to be a public company, if

Accepted Answer

more than 25% of its paid-up share capital is held by a body corporate

Answer

its membership increases beyond seven

Answer

its paid-up capital becomes more than Rs. 50 lakhs

Answer

its directions fail to take up qualifying shares within specified period

Question 9

A public sector enterprise is an enterprise:

Accepted Answer

Where all the three exist

Answer

Where the controlling interest is in the hands of the government

Answer

Where the functions are not merely confined to the maximisation of profits

Answer

Where they are governed by the public or social interests