MCQOPTIONS
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MCQOPTIONS
This section includes 513 Mcqs, each offering curated multiple-choice questions to sharpen your Commerce knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
The purpose of an office is to furnish essential services to the ___________. |
| A. | ublic |
| B. | anagement |
| C. | lerks |
| D. | reditors |
| Answer» C. lerks | |
| 102. |
A bear speculator is also called as _______. |
| A. | anidiwala |
| B. | ejiwala |
| C. | arawaniwalas |
| D. | aniwala |
| Answer» B. ejiwala | |
| 103. |
Except life insurance generally the maximum term of other insurance is ________ . |
| A. | 2 months |
| B. | 4 months |
| C. | months |
| D. | 6 months |
| Answer» B. 4 months | |
| 104. |
Which index system is used when small information is required about customers? |
| A. | owel index |
| B. | ook index |
| C. | trip index |
| D. | ard index |
| Answer» D. ard index | |
| 105. |
Which types of files are available in the form of tray that lie flat horizontally in a cabinet? |
| A. | orizontal files |
| B. | ertical files |
| C. | isible files |
| D. | etal files |
| Answer» D. etal files | |
| 106. |
In which method of filing, all the letters and documents are passed in the book in chorological order? |
| A. | ox file |
| B. | ound book |
| C. | etal holders |
| D. | illar file |
| Answer» C. etal holders | |
| 107. |
Which type of classification is based on the area of operation? |
| A. | lphabetical classification |
| B. | umerical classification |
| C. | ubject wise classification |
| D. | eographical classification |
| Answer» E. | |
| 108. |
Which type of classification is based on numerical order? |
| A. | lphabetical classification |
| B. | lphanumeric classification |
| C. | umerical classification |
| D. | eographical classification |
| Answer» D. eographical classification | |
| 109. |
A building jointly owned is called office________. |
| A. | ayout |
| B. | ondominium |
| C. | ccommodation |
| D. | ocation |
| Answer» C. ccommodation | |
| 110. |
The building used by the professional is called _________ office. |
| A. | uiet |
| B. | ound |
| C. | ig |
| D. | mall |
| Answer» B. ound | |
| 111. |
Guarantee for employer for the loss out of employee's dishonest is__________. |
| A. | urglary insurance |
| B. | idelity insurance |
| C. | hird party insurance |
| D. | edical insurance |
| Answer» C. hird party insurance | |
| 112. |
_________ is an important consideration for setting up an office. |
| A. | ffice accommodation |
| B. | ffice location |
| C. | losed office |
| D. | ublic office |
| Answer» C. losed office | |
| 113. |
Planning and control are _________ functions of an office. |
| A. | nformative |
| B. | dministrative |
| C. | ublic |
| D. | rivate |
| Answer» C. ublic | |
| 114. |
Which of the following methods of filing do you recommend for a large size undertaking? |
| A. | igeon hole system |
| B. | pike files |
| C. | ox files |
| D. | ertical filing |
| Answer» E. | |
| 115. |
Equity shareholders are the __________. |
| A. | wners of the company |
| B. | reditors of the company |
| C. | ebtors of the company |
| D. | irectors of the company |
| Answer» B. reditors of the company | |
| 116. |
Dividend declared by a company ________. |
| A. | ay be paid in kind |
| B. | ust be paid in cash |
| C. | ay be paid in cash or in kind |
| D. | ay be paid in cash only |
| Answer» E. | |
| 117. |
The difference between the actual price and excess price of a share is called as ____________. |
| A. | iscount |
| B. | orfeiture |
| C. | remium |
| D. | urplus |
| Answer» D. urplus | |
| 118. |
A member of a company is __________. |
| A. | romoter |
| B. | egistered shareholder |
| C. | irector |
| D. | roker |
| Answer» C. irector | |
| 119. |
One-man-one-vote - is the principle adopted by ________. |
| A. | artnership |
| B. | oint Stock Companies |
| C. | o-operative Societies |
| D. | ole proprietorship |
| Answer» D. ole proprietorship | |
| 120. |
An office routine _________. |
| A. | s a system |
| B. | s an operation |
| C. | tands in between a system and an operation |
| D. | tands in between a process and an operation |
| Answer» B. s an operation | |
| 121. |
The constitution of the IRDA consists of not more than _________ members. |
| A. | 0 members |
| B. | members |
| C. | members |
| D. | members |
| Answer» D. members | |
| 122. |
Insurance business is based on ______________. |
| A. | arkinson law |
| B. | ewton law |
| C. | he theory of probability and law of large numbers |
| D. | oyle law |
| Answer» D. oyle law | |
| 123. |
A written agreement signed by all partners is called _______. |
| A. | artnership Deed |
| B. | artnership agreement |
| C. | artnership contract |
| D. | artnership registration |
| Answer» B. artnership agreement | |
| 124. |
Dividends are payable to the _________. |
| A. | hare holders |
| B. | ebenture holders |
| C. | egistrar of the company |
| D. | oard of directors |
| Answer» B. ebenture holders | |
| 125. |
Working capital means _________. |
| A. | urrent asset plus current liability |
| B. | urrent asset minus current liability |
| C. | ixed asset plus current asset |
| D. | ixed asset minus current asset |
| Answer» C. ixed asset plus current asset | |
| 126. |
The principle of prevention is better than cure refers to __________. |
| A. | eduction of risk |
| B. | voiding of risk |
| C. | ransferring of risk |
| D. | hifting of risk |
| Answer» C. ransferring of risk | |
| 127. |
The industry which is concerned with the breeding of plants or animals, which are used in reproduction is termed as ___________. |
| A. | onstruction industry |
| B. | xtractive industry |
| C. | enetic Industry |
| D. | anufacturing industry |
| Answer» D. anufacturing industry | |
| 128. |
The first stock exchange in the world___________. |
| A. | umbai stock exchange |
| B. | merica stock exchange |
| C. | ondon stock exchange |
| D. | rance stock exchange |
| Answer» D. rance stock exchange | |
| 129. |
_________ are the most important source of short term capital. |
| A. | ommercial banks |
| B. | rade credit |
| C. | nstallment credit |
| D. | dvances |
| Answer» B. rade credit | |
| 130. |
Secured debentures are also called as _________. |
| A. | ortgaged debentures |
| B. | imple debentures |
| C. | earer debentures |
| D. | egistered debentures |
| Answer» B. imple debentures | |
| 131. |
The Insurer who grants a guarantee from the direct insurer is called as _________. |
| A. | irect Insurer |
| B. | eding Insurer |
| C. | e-Insurer |
| D. | ouble Insurer |
| Answer» D. ouble Insurer | |
| 132. |
Profession involves _________. |
| A. | endering of personal service |
| B. | ndertaking a business |
| C. | ndertaking a contract |
| D. | rofit motive |
| Answer» B. ndertaking a business | |
| 133. |
Economic activities are related to ___________. |
| A. | roduction of wealth |
| B. | atisfy ones urge |
| C. | ndertaking social service |
| D. | ocial service |
| Answer» B. atisfy ones urge | |
| 134. |
The primary function of an office is _______. |
| A. | aking, using and preserving records |
| B. | emuneration personnel |
| C. | arrying out the management policies |
| D. | afeguarding of authority means |
| Answer» B. emuneration personnel | |
| 135. |
In vertical filing system, files or folders are kept ________. |
| A. | ne upon the other |
| B. | n standing upright position |
| C. | n packets or large envelopes |
| D. | n a cupboard, divided into a number of small compartments |
| Answer» C. n packets or large envelopes | |
| 136. |
The principle of indemnity does not apply to __________. |
| A. | urglary insurance |
| B. | ire Insurance |
| C. | arine Insurance |
| D. | ife and Personal Accident insurance |
| Answer» E. | |
| 137. |
Ploughing back of profits means __________. |
| A. | arning of black money |
| B. | ividends not claimed by shareholders |
| C. | etaining the earnings |
| D. | ot paying dividends in a particular year |
| Answer» D. ot paying dividends in a particular year | |
| 138. |
Debentures cannot be ________. |
| A. | rredeemable |
| B. | articipating |
| C. | egistered |
| D. | earer |
| Answer» D. earer | |
| 139. |
In which of the following, interest / dividend is payable even if the company does not earn profit? |
| A. | quity capital |
| B. | reference capital |
| C. | ebentures |
| D. | ll of above |
| Answer» D. ll of above | |
| 140. |
Preference shares are those which carry preferential right in respect of __________. |
| A. | ividends |
| B. | epayment of capital |
| C. | oth dividend and repayment of capital |
| D. | ight to vote on all important motions in AGM |
| Answer» D. ight to vote on all important motions in AGM | |
| 141. |
Which of the following securities is not redeemable? |
| A. | quity shares |
| B. | reference shares |
| C. | umulative preference shares |
| D. | ebentures |
| Answer» B. reference shares | |
| 142. |
Over-capitalization results from __________. |
| A. | ayment of excessive amount for goodwill |
| B. | nderestimating the rate of capitalization |
| C. | aising more money than can be profitably used |
| D. | aising only the money |
| Answer» D. aising only the money | |
| 143. |
An association of 25 people not registered under the companies act, but carrying on business, is a/an _________. |
| A. | artnership |
| B. | rivate company |
| C. | ublic company |
| D. | llegal association |
| Answer» E. | |
| 144. |
The charter of a company is its _________. |
| A. | rospectus |
| B. | tatement lieu of prospectus |
| C. | emorandum of association |
| D. | rticles of association |
| Answer» D. rticles of association | |
| 145. |
The partnership entity is __________. |
| A. | egal entity |
| B. | egal entity and accountable entity |
| C. | either entity nor accountable entity |
| D. | roup of individuals without legal status |
| Answer» C. either entity nor accountable entity | |
| 146. |
A public corporation means _________. |
| A. | ublic company |
| B. | overnment company |
| C. | tatutory corporation |
| D. | epartment of union government |
| Answer» D. epartment of union government | |
| 147. |
Dividend on preference capital will be paid _________. |
| A. | nly when there are profits |
| B. | ven if there are no profits |
| C. | nly when directors recommend |
| D. | nly when share holders recommend |
| Answer» D. nly when share holders recommend | |
| 148. |
Membership of a co-operative is_________. |
| A. | ompulsory |
| B. | oluntary |
| C. | ot essential |
| D. | ot compulsory |
| Answer» C. ot essential | |
| 149. |
The liability of members of a co-operative society is _________. |
| A. | imited to the amount of nominal value of capital held |
| B. | imited to the amount of paid up value of the capital held |
| C. | nlimited |
| D. | imited or unlimited depending upon what the society has opted for it |
| Answer» E. | |
| 150. |
The liability of shareholders of a public company is limited to the _________. |
| A. | ominal value of shares |
| B. | xtent of their private assets |
| C. | aid up value of shares |
| D. | ccounts called up |
| Answer» D. ccounts called up | |