Business and Commerce MCQs

Question 1

When at least 51% shares of a company are with Government, it is known as

Accepted Answer

Government Company

Answer

Investment Company

Answer

Public Company

Answer

Public Corporation

Question 2

Which is not the objective of a cooperative society:

Accepted Answer

To earn profit

Answer

To eliminate middleman

Answer

To promote mutual interest

Answer

To render service to its members

Question 3

Which is not the types of organization charts included:

Accepted Answer

Curvilinear chart

Answer

Triangular chart

Answer

Vertical chart

Answer

Plane chart

Question 4

When Exports exceed Imports:

Accepted Answer

The Balance of Trade is favorable

Answer

The Balance of Trade is unfavorable

Answer

The Balance of payments is favorable

Answer

The Balance of payments is unfavorable

Question 5

Which among the following institutions is NOT a part of World Bank group?

Accepted Answer

International Monetary Found (IMF)

Answer

International Development Association (IDA)

Answer

International Finance Corporation (IFC)

Answer

Multilateral Investment Guarantee Agency (MIGA)

Question 6

Which of the following is not a "Maharatna" industry in India?

Accepted Answer

OIL

Answer

CIL

Answer

SAIL

Answer

GAIL

Question 7

Liability of shareholders of a public limited company is limited to the extent of:

Accepted Answer

face-value of the shares

Answer

paid-up value of the shares

Answer

private assets of the shareholders

Answer

called up amount

Question 8

Business means

Accepted Answer

Buying and sellings of goods

Answer

Manufacture of goods

Answer

Insurance and Banking services

Answer

Means of communication

Question 9

In a partnership, the liability of the partners is:

Accepted Answer

joint and several

Answer

several

Answer

Joint

Answer

joint or several