Business and Commerce MCQs
Practice free Business and Commerce multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 666 questions — no login required.
Question 649hard
Which of the following have been recognised under the intellectual property eligible for creation of rights as per WTO mandate?
1. Computer software, music disc, performing art
2. Geographical indicator
3. Global positioning system
4. Journals, books, seeds, design, brand
1. Computer software, music disc, performing art
2. Geographical indicator
3. Global positioning system
4. Journals, books, seeds, design, brand
Question 650hard
Match List-I with List-II and select the correct answer
| List-I | List-II |
| a. Joint stock company | 1. Memorandum of Association |
| b. Cooperative society | 2. Special act |
| c. Statutory Corporation | 3. Mutual concern |
| d. Partnership | 4. Bye-laws |
Question 651hard
Consider the following Statement (A) and Reason (R)
Statement (A): Foreign trade strengthen the economic base of any country.
Reason (R): Foreign trade is basically done to make BOP favourable : Balance of and for the items which are not available, for delivery in the country.
Now select the correct answer from the given cut outs.
Statement (A): Foreign trade strengthen the economic base of any country.
Reason (R): Foreign trade is basically done to make BOP favourable : Balance of and for the items which are not available, for delivery in the country.
Now select the correct answer from the given cut outs.
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Question 652hard
Consider the following statements:
Assertion (A): Corporate planning deals with the futurity of present decisions in terms of setting goals, developing strategies to achieve them, translating strategies into detailed operational programmes and assuring that plans are carried out.
Reason (R): Corporate planning is essential in large organisations to develop a unified framework in planning and decision making.
Now select your answer
Assertion (A): Corporate planning deals with the futurity of present decisions in terms of setting goals, developing strategies to achieve them, translating strategies into detailed operational programmes and assuring that plans are carried out.
Reason (R): Corporate planning is essential in large organisations to develop a unified framework in planning and decision making.
Now select your answer
Question 653hard
An association of 35 persons, not registered under the Companies Act, but carrying on business is:
or
An association of 46 members/persons not registered under the companies act but carrying on businesses will be called.
or
An association of 46 members/persons not registered under the companies act but carrying on businesses will be called.
Question 654hard
Direction: The following question consists of two statements.
One is labeled as Assertion (A) and the other as Reason (R). You have to examine both the statements carefully and decide whether Assertion (A) and Reason (R) separately are true and if so, the reasoning statement is the correct explanation. Mark these items on the answer sheet.
Assertion (A): Social responsibility of business is an idea which cannot be put into action in most of the professions.
Reason (R): There are no standards by which the extent of responsibility of each segment of the society can be measured.
One is labeled as Assertion (A) and the other as Reason (R). You have to examine both the statements carefully and decide whether Assertion (A) and Reason (R) separately are true and if so, the reasoning statement is the correct explanation. Mark these items on the answer sheet.
Assertion (A): Social responsibility of business is an idea which cannot be put into action in most of the professions.
Reason (R): There are no standards by which the extent of responsibility of each segment of the society can be measured.
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Question 655hard
What is not correct about International Development Association (IDA)?
(i) Following earthquake in 2015, IDA has helped Nepal rebuild and recover.
(ii) IDA ranks as the highest performing multilateral development bank in 2016.
(iii) IDA is a subsidiary bank of IBRD.
(iv) India has procured highest amount of international loan from IDA.
(i) Following earthquake in 2015, IDA has helped Nepal rebuild and recover.
(ii) IDA ranks as the highest performing multilateral development bank in 2016.
(iii) IDA is a subsidiary bank of IBRD.
(iv) India has procured highest amount of international loan from IDA.
Question 656easy
The World Trade Organization (WTO) started functioning legally on:
Question 657medium
An exporter has to prepare the following copies of shipping bills
Or
The exporter has to fill in the Shipping Bill:
Or
The exporter has to fill in the Shipping Bill: