Business and Commerce MCQs

Question 1

The division of labour by grouping people and material resources into regional groups deals with

Accepted Answer

Divisionalization

Answer

Specialization

Answer

Coordination

Answer

Goal setting

Question 2

Which of the following characteristics does not exist in a partnership organization?

Accepted Answer

Uninterrupted succession

Answer

Unlimited liability

Answer

Creaction by an agreement

Answer

Voluntary registration

Question 3

Which of the following is not a characteristic of modern trade?

Accepted Answer

Exploitation of workers

Answer

Mass Production

Answer

Research and development

Answer

Specialization

Question 4

A partnership agreement may be-

Accepted Answer

Oral or Written

Answer

Oral

Answer

Written

Answer

None of these

Question 5

Involved in commerce

Accepted Answer

Trade and its auxiliary

Answer

Buying and selling of goods only

Answer

Trade and Industry

Answer

Only trade, not industry

Question 6

Which of the following is not covered by Intellectual Property Right?

Accepted Answer

Labour industrial Relations

Answer

Patents and design

Answer

Trademarks and copy rights

Answer

All are correct

Question 7

What is the popular term used for that type of option in Foreign Exchange Market which provides the holder the right to purchase or sell foreign currency at the most favorable exchange rate realized over the life of the option?

Accepted Answer

Look back option

Answer

Forward reversing option

Answer

Preference option

Answer

Basket option

Question 8

Globalization enhances the international flow of

Accepted Answer

All are correct

Answer

Labour

Answer

Capital

Answer

Technology

Question 9

As per the Foreign Trade Policy 2015-2020, a three star export house should have:

Accepted Answer

Export performance (FOB/FOR) of US $ 100 million during current and previous two years

Answer

Export performance (FOB/FOR) of US $ 500 million during current and previous two years

Answer

Export performance (FOB/FOR) of US $ 1000 million during current and previous two years

Answer

Export performance (FOB/FOR) of US $ 2000 million during current and previous two years