MCQOPTIONS

Explore topic-wise MCQs in Testing Subject.

This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.

1.	As per the newspaper report, the world's second largest generic Pharama company, Sandoz is in talks to take over YK Hamied - promoted domestic pharma company. The company in the question is _______
A.	Cipla
B.	Wockhardt
C.	Hamdard
D.	Sun Pharma
Answer» B. Wockhardt

2.	An increase in the price of a good will
A.	decrease demand
B.	increase quantity demanded
C.	increase demand
D.	decrease quantity demanded
Answer» E.

3.	An increase in the price level will cause a _ the aggregate demand curve.
A.	shift up
B.	shift left
C.	shift right
D.	None of the above
Answer» B. shift left

4.	As per the guidelines issued by the RBI in September 2017, all Peer-to-Peer lending (P2P) platforms will be treated as ______._x005F_x000D_
A.	Payment Banks_x005F_x000D_
B.	Small Finance Banks_x005F_x000D_
C.	NBFCs
D.	Regional Rural Banks
Answer» D. Regional Rural Banks

5.	An example of an on premise establishment is
A.	A local pub
B.	A restaurant that sells mixed drinks
C.	Both A & B
D.	None of the above
Answer» D. None of the above

6.	An advantage of the corporate form of business is that
A.	Easier to raise capital
B.	The Business Lives On
C.	Protecting Personal Assets
D.	All the above
Answer» E.

7.	An improvement in production technology will
A.	shift the supply curve to the left
B.	shift the demand curve to the left
C.	shift the supply curve to the right
D.	increase equilibrium price
Answer» D. increase equilibrium price

8.	A trial balance will not balance if
A.	Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500.
B.	correct journal entry is posted twice
C.	the purchase on credit basis is debited to purchases and credited to cash
D.	None of the above
Answer» B. correct journal entry is posted twice

9.	A raise in the price of a product causes
A.	an increase in competition
B.	an increase in demand
C.	a decrease in competition
D.	a decrease in supply
Answer» B. an increase in demand

10.	A monopoly is a market that has
A.	single seller
B.	single buyer
C.	single seller and single buyer
D.	a seller but no buyer
Answer» B. single buyer

11.	A major purpose of cost accounting is to
A.	measure, record and report product costs
B.	classify all the product costs
C.	to provide information to stockholders for investment decisions
D.	All of the above
Answer» B. classify all the product costs

12.	A person should consume more of something when its marginal cost
A.	Benefit exceeds its marginal cost
B.	Marginal cost exceeds its benefit
C.	Benefit deceeds its marginal cost
D.	None of the above
Answer» B. Marginal cost exceeds its benefit

13.	A market is said to be in equilibrium when
A.	There is downward pressure on price
B.	The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price
C.	All buyers are able to find sellers willing to sell to them at the current price
D.	Supply equals demand
Answer» E.

14.	A business organized as a corporation
A.	Is owned by its stockholders
B.	Has tax advantages over a proprietorship or partnership
C.	Is not a separate legal entity in most states
D.	Requires that stockholders be personally liable for the debts of the business
Answer» B. Has tax advantages over a proprietorship or partnership

15.	In December 2017, as per the announcement made by the finance Ministry, nearly how much amount have banks lost on account of frauds in the fiscal 2016-17?
A.	Rs 50,000 crore
B.	Rs 5000 crore
C.	Rs 17,000 crore
D.	Rs 1,000 crore
Answer» D. Rs 1,000 crore

16.	A binding price floor causes
A.	Excess demand for the goods
B.	Surplus supply of goods
C.	Less supply of goods
D.	No demand for the goods
Answer» C. Less supply of goods

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