Business and Commerce MCQs

Question 1

The main advantage of line and staff organisation is:

Accepted Answer

expert advice

Answer

divided responsibility

Answer

central authority

Answer

quick decision

Question 2

Which among the following is not an international economic institution?

Accepted Answer

IFRS

Answer

IMF

Answer

IBRD

Answer

ADB

Question 3

Committees are constituted . . . . . . . .

Accepted Answer

Both (For a purpose which is temporary in nature) & (For a purpose which is permanent in nature)

Answer

For a purpose which is temporary in nature

Answer

For a purpose which is permanent in nature

Answer

None of these

Question 4

The forms of business organization are

Accepted Answer

All of the above

Answer

Single business

Answer

Partnership

Answer

Company

Question 5

Which country has the largest share in India's cumulative FDI inflows

Accepted Answer

Mauritius

Answer

America

Answer

Britain

Answer

Japan

Question 6

Rationalization includes

Accepted Answer

Scientific management

Answer

Prudent use of money only

Answer

Sponsorship management

Answer

All of the above

Question 7

Which of the following sanctions foreign exchange for import of goods?

Accepted Answer

Reserve Bank of India

Answer

Any nationalised bank in India

Answer

Exchange Bank

Answer

Ministry of External Affairs, Government of India

Question 8

Association formed by mutual relation of persons is partnership

Accepted Answer

When its objective is to carry on business for the purpose of earning profit

Answer

When it aims have to provide services for the welfare of humanity

Answer

When its purpose is to do some charitable work

Answer

All of the above

Question 9

The organization map shows:-

Accepted Answer

All of the above

Answer

Division of work

Answer

Division of departments

Answer

Relationship between superiors and subordinates