Business and Commerce MCQs

Question 1

The group sale of shares in public sector undertakings is called private offer in stock exchanges or investment groups

Accepted Answer

Stock offer

Answer

Direct selling

Answer

International bidding

Answer

None of the above

Question 2

Filing is:

Accepted Answer

Record keeping

Answer

An office equipment

Answer

Modern aid to office management

Answer

None of these

Question 3

Duty levied on the value of goods imported is referred to as

Accepted Answer

Ad valorem Duty

Answer

Compound Duty

Answer

Specific Duty

Answer

Import Duty

Question 4

What is included in Re-export business

Accepted Answer

Export of imported goods and services

Answer

Export of goods

Answer

Import of goods

Answer

Neither import nor export

Question 5

Import procedure begins with

Accepted Answer

Indent

Answer

Mate's certificate

Answer

Shipping order

Answer

Marine insurance

Question 6

Which one of the following is not a principle of business organization?

Accepted Answer

Principle of profit

Answer

Principle of purpose

Answer

Principle of Efficiency

Answer

Principle of division of labour

Question 7

For process of organisation analysis of activity, analysis of decisions, analysis of relationship was recommended:

Accepted Answer

Peter F. Drucker

Answer

F. W. Taylor

Answer

Kuntz and O. Neumann

Answer

W. H. Neumann

Question 8

Business organization motivates-

Accepted Answer

Skill

Answer

Tax evasion

Answer

Adulteration of products

Answer

Price increase

Question 9

Which of the following statement is correct?

Accepted Answer

Efficient business organization is needed to check price rise

Answer

Business is a non-economic activity

Answer

Participation in tournaments by the college cricket team is business

Answer

Profit making is not the aim of the business organization