Business and Commerce MCQs

With regard to type industries match List-I with List-II and select the correct answer-

List-I	List-II
a. Extractive industry	1. Bridge
b. Genetic industry	2. Leather industry
c. Manufacturing industry	3. Dairying
d. Constructive industry	4. Fishing

Match the following countries with the types of Double Taxation Avoidance Agreement signed by India with them:

Country	Type of Agreement
a. Austria	1. Limited Agreement
b. Bahamas	2. Comprehensive Agreements
c. Lebanon	3. Comprehensive Agreements/Limited Multilateral Agreement
d. Sri Lanka	4. Tax Information Exchange Agreement

Choose the correct option:

List out from the given statements the important ethical principles that a business should follow:
1. To take the necessary action for the development of the concerned industry or business.
2. Pay taxes and discharge other obligations promptly.
3. To ensure the best utilisation of the human resources.
4. Refrain from secret kickbacks or pay-offs to customers, suppliers, administrators, etc.
5. Ensure payment of fair wages and fair treatment of employees.
Choose the correct answer from the options given below:

Which two of the following are the function of WTO
1. To facilitate the implementation, administration and operation of trade agreement
2. To carry out periodic reviews of the trade policies of its member countries
3. To assist in the establishment of a multilateral system of payments
4. To promote international monetary cooperation
Choose the correct option from the following:

Which one among the following is not correct?

Which of the following are part of Corporate Social Responsibility (CSR) to consumers?
1. Reasonable chances and proper system for accomplishment and promotion
2. To supply goods at reasonable prices even when there is seller's market
3. Improving the efficiency of the business operation
4. To provide an opportunity for being heard and redress genuine grievances

On 31^st December, 2002 the assets and liabilities of a firm were Rs. 40,000 and Rs. 30,000 respectively. The firm was dissolved and a dividend of 60 paise in a rupee was paid to the creditors. What was the loss on realisation:

Which of the following are included in the international liquidity? Indicate the correct option.
(i) Foreign exchange reserve
(ii) Borrowing capacity of the various countries
(iii) Gold reserves
Choose the correct answer:

What is the correct order of the following in export trade procedure:
1. Bill of Lading
2. Customs Formalities
3. Preparation of Invoice
4. Receipt of Indent
Select your answer from the following