Business and Commerce MCQs

Question 1

According to Hindu Law, Hindu Undivided Families are governed by:

Accepted Answer

Both Mitakshara and Dayabhaga

Answer

Mitakshara School

Answer

Dayabhaga School

Answer

Linearly descended School

Question 2

The General Agreement of Tarriffs and Trade was replaced by

Accepted Answer

WTO

Answer

MTA

Answer

IBRD

Answer

IMF

Question 3

An example of Genetic industry is:

Accepted Answer

Poultry Farm

Answer

Fishing

Answer

Agriculture

Answer

Ornaments

Question 4

The first payment is made on the winding up of the company

Accepted Answer

preference creditors

Answer

remuneration of the liquidator

Answer

legal expenses

Answer

Expenses of winding up

Question 5

Entrepot trade means:

Accepted Answer

goods imported for re-export

Answer

import trade

Answer

export trade

Answer

foreign trade

Question 6

Under which method of filling letters are kept standing:

Accepted Answer

Vertical

Answer

Horizontal

Answer

Box

Answer

Pigeon-Hole

Question 7

Right to vote for members in a co-operative organization is

Accepted Answer

Equal voting right

Answer

The number of shares purchased by them

Answer

The ratio of the capital employed by them

Answer

In proportion to the total amount supplied

Question 8

Which of the following is not a method of Foreign Exchange?

Accepted Answer

Hundi

Answer

Bill of Exchange

Answer

Letter of Credit

Answer

Telegraphic Transfer

Question 9

The maximum number of persons in a joint Hindu family business is:

Accepted Answer

Not prescribed

Answer

10

Answer

20

Answer

50