Business and Commerce MCQs

Question 1

An unregistered firm

Accepted Answer

can engage in business with some restrictions

Answer

is illegal and cannot engage in business

Answer

can engage in business after paying fine

Answer

none of the above

Question 2

Which one of the following is not the objective of Public enterprises:

Accepted Answer

maximum profit earnings

Answer

Generating job opportunities

Answer

reducing economic disparities

Answer

control on monopolies

Question 3

A private limited company, limited by shares:

Accepted Answer

Is neither required to issue a prospectus nor to file a statement-in-lieu of prospectus

Answer

Must issue a prospectus

Answer

May not issue a prospectus, and may file a statement-in-lieu of prospectus

Answer

Must issue a prospectus and also file a statement in lieu of prospectus

Question 4

Limited partnership means that:

Accepted Answer

The liability of some partners is limited

Answer

The number of partners is limited

Answer

The liability of all the partners is limited

Answer

The amount of capital to be raised is limited

Question 5

Staff work in line and staff organization:

Accepted Answer

giving advice to line/advicing line

Answer

taking advice from line

Answer

to handle the rights and responsibilities

Answer

responsibility to perform the work of certain persons determination

Question 6

The maximum number of partners for a firm carrying on banking business is

Accepted Answer

10

Answer

9

Answer

15

Answer

20

Question 7

The classical organisation theory treats organisation as a/an:

Accepted Answer

Closed system

Answer

Open system

Answer

Technical system

Answer

Macro system

Question 8

In which method of filing, the files and folders are kept in a horizontal position?

Accepted Answer

Box filing systems

Answer

Vertical filing system

Answer

Suspension filing system

Answer

Lateral filing system

Question 9

It is mandatory to purchase atleast how many shares of total equity of the subsidiary company to the holding company

Accepted Answer

51%

Answer

more than 50%

Answer

75%

Answer

25%