Business and Commerce MCQs

Question 1

Securities and Exchange Board of India (SEBI) Act was passed in-

Accepted Answer

1988

Answer

1956

Answer

1962

Answer

1971

Question 2

Possession of authority is the key to:

Accepted Answer

Organization

Answer

Departmentation

Answer

Centralization

Answer

Span of management

Question 3

Which of the following features is not present with the partnership form of organisation?

Accepted Answer

Perpetual succession

Answer

Unlimited liability

Answer

Creation by an agreement

Answer

Voluntary registration

Question 4

Foreign Trade Policy, 2009-14 announced-

Accepted Answer

August 2009

Answer

March 2009

Answer

April 2008

Answer

October 2009

Question 5

Which is recommended for a large sized undertaking:

Accepted Answer

Vertical file

Answer

Pigeon hole file

Answer

Spike file

Answer

All the above

Question 6

An importer can take delivery of goods by producing:

Accepted Answer

Bill of lading

Answer

Bill of sight

Answer

Shipping order

Answer

Mate's Receipt

Question 7

The oldest type of organisation is:

Accepted Answer

line organisation

Answer

functional organisation

Answer

line and staff organisation

Answer

committee organisation

Question 8

A public company must have at least:

Accepted Answer

7 members

Answer

2 members

Answer

20 members

Answer

50 members

Question 9

Fishing Should be classified as

Accepted Answer

Extractive industry

Answer

Genetic industry

Answer

Manufacturing industry

Answer

None of the above