Business and Commerce MCQs

Question 1

A bill of lading is a/an:

Accepted Answer

Document which certifies the receipts of goods by the shipping company

Answer

Agreement between the shipping company and exporter

Answer

Documentary proof of the importer's credit worthiness

Answer

Invoice issued by the counsel of importing company

Question 2

The shareholding of government in a government company should be:

Accepted Answer

51%

Answer

50% + 1 share

Answer

$$66\frac{2}{3}\% $$

Answer

75%

Question 3

Which one of the following tests is not recommended for the top level positions?

Accepted Answer

Role plays

Answer

Presentations

Answer

Interviews

Answer

Leaderless group discussions

Question 4

Which section of the Companies Act 2013 relates to allotment of corporate Identity number?

Accepted Answer

Section 7 (3)

Answer

Section 7 (4)

Answer

Section 7 (1)

Answer

Section 7 (2)

Question 5

All transaction of International Monetary Fund are expressed at present in

Accepted Answer

SDR

Answer

Gold

Answer

US Dollar

Answer

None of these

Question 6

A document giving detailed information of goods loaded onto a ship is

Accepted Answer

Bill of Landing

Answer

Indent

Answer

Import order

Answer

Letter of credit

Question 7

Which of the following cannot sue third parties?

Accepted Answer

Unregistered firm

Answer

Sole proprietor

Answer

Partners of partnership firm

Answer

Company

Question 8

The company may sell its shares through:

Accepted Answer

All of the above

Answer

Stock Exchange

Answer

Underwriters

Answer

Self

Question 9

From the following modes of international business, identify the mode which involves strategic alliance

Accepted Answer

Joint venture

Answer

Franchising

Answer

Leasing

Answer

Turnkey Project