Regulatory policies protect consumers by

deciding how to tax and spend money

controlling the supply of money

providing public assistance programs

overseeing and limiting businesses

deciding how to tax and spend money

Ratio analysis can be useful for

To improve profits of a company

Evaluate financial performance of a company

To improve profits of a company

Performance goals are used to

measure effectiveness, but not efficiency

Other things equal an improvement in productivity will

increase the equilibrium price level

shift the aggregate demand curve to the left

shift the aggregate supply curve to the right

increase the equilibrium price level

shift the aggregate supply curve to the left

On a classified balance sheet, companies usually list current assets

with the largest dollar amounts first.

in the order in which they are expected to be converted into cash.

Oligopolistic industries are characterized by

a few dominant firms and low entry barriers

a few dominant firms and no barriers to entry

a large number of firms and low entry barriers

a few dominant firms and substantial entry barriers

a few dominant firms and low entry barriers

Innovation allows producers to

avoid competing with similar businesses

follow restrictions that the government imposes

offer warranties for all of their products

create goods that draw consumer attention

avoid competing with similar businesses

Inclusive unionism is practiced mostly by

professional and semiprofessional employees

small unions comprised of skilled workers, such as the bricklayers

Fixed cost per unit increases when

variable cost per unit increases

variable cost per unit decreases

variable cost per unit increases

Final goods and services refer to

goods and services whose value has been adjusted for changes in the price level

goods and services purchased by ultimate users, rather than for resale or further processing

goods and services whose value has been adjusted for changes in the price level

the excess of U.S. exports over U.S. imports

goods and services that are unsold and therefore added to inventories

Equivalent units of production are equal to

identifiable units existing at the end of the period in a production department

number of whole units that could have been completed if all work of the period had been used to produce whole units

identifiable units existing at the end of the period in a production department

units completed by a production department in the period

number of units worked on during the period by a production department

Effective sales management begins with

determining the most efficient structure for the sales force

specifying the sales force size

Centralisation is said to exist if

Authority is shared with Managers at lower levels

Top Management retains most of the decision making authority

Authority is shared with Managers at lower levels

Employees at all levels are allowed to take initiative in work related matters

Capital budgeting is primarily concerned with

planning future financing needs

capital formation in the economy

evaluating investment alternatives

Black markets are associated with

Price floors and the resulting product surpluses

Price floors and the resulting product shortages

Ceiling prices and the resulting product shortages

Price floors and the resulting product surpluses

Ceiling prices and the resulting product surpluses

116 + Mcqs in Business Awareness in General Knowledge Page 2 McqOptions

51.	Steel tycoo Laksmi Mittal has acquired minority stakes in which Indian financial service company?
A.	Anand Rathi Financial Services
B.	Indiabulls Credit Services
C.	Farallon Capital
D.	Kothari Pioneer
Answer» C. Farallon Capital

Discussion

52.	Smoke alarms are only necessary in the workplace.
A.	1
B.
C.
D.
Answer» C.

Discussion

53.	'Skycar' , a light aerial multi-purpose vehicle, is set to make its world debut in the US. Name the company which has developed the model?
A.	Ford
B.	Audi
C.	Rolls Royce
D.	Moller International
Answer» E.

Discussion

54.	Seagate is manufacturer of
A.	harddisk
B.	earth moving equipment
C.	picture tube
D.	banking software
Answer» B. earth moving equipment

Discussion

55.	Sales promotions include all of the following except
A.	Online Ads
B.	Coupons
C.	Free Samples
D.	Rebates
Answer» B. Coupons

Discussion

56.	Sales commissions are classified as
A.	Period costs
B.	Product costs
C.	Indirect labour
D.	Overhead costs
Answer» B. Product costs

Discussion

57.	Rockr, a cell phone from Motorola that uses Apple's iTunes software and stores up to 100 songs in its Flash memory, has been launched by
A.	Nokia
B.	Samsung
C.	Motorola
D.	Bird
Answer» D. Bird

Discussion

58.	'River' Brand of MP3 player has been launched in india Â by Salora International. The Brand which is competing with apple's ipod is owned by which company?
A.	ReignCom
B.	TEAc
C.	Toshiba
D.	Panasonic
Answer» B. TEAc

Discussion

59.	Regulatory policies protect consumers by
A.	controlling the supply of money
B.	providing public assistance programs
C.	overseeing and limiting businesses
D.	deciding how to tax and spend money
Answer» D. deciding how to tax and spend money

Discussion

60.	Ratio analysis can be useful for
A.	Evaluate financial performance of a company
B.	To improve profits of a company
C.	Evaluate sales
D.	None of the above
Answer» B. To improve profits of a company

Discussion

61.	Quality assurance is an example of which process?
A.	Testing
B.	Manufacturing
C.	Delivering
D.	None of the above
Answer» B. Manufacturing

Discussion

62.	Product costs are also called
A.	Inventoriable Costs
B.	Voluntary Costs
C.	Vulnerable Costs
D.	None of the above
Answer» B. Voluntary Costs

Discussion

63.	Performance goals are used to
A.	measure productivity
B.	determine a worker's attitude
C.	measure effectiveness, but not efficiency
D.	communicate nonverbally
Answer» B. determine a worker's attitude

Discussion

64.	Other things equal an improvement in productivity will
A.	shift the aggregate demand curve to the left
B.	shift the aggregate supply curve to the right
C.	increase the equilibrium price level
D.	shift the aggregate supply curve to the left
Answer» C. increase the equilibrium price level

Discussion

65.	One of the following companies was in the news over alleged charges of international trademark and copyright violation. Identify it?
A.	Kingfisher Airlines
B.	Mumbai Dyeing
C.	Derby
D.	Hutch
Answer» E.

Discussion

66.	One of the following companies does have business interest in both oil and shipping sectors. Identify this.
A.	Tata Group
B.	Reliance Group
C.	Essar Group
D.	ONGC
Answer» D. ONGC

Discussion

67.	On a classified balance sheet, companies usually list current assets
A.	in the order of acquisition.
B.	with the largest dollar amounts first.
C.	in alphabetical order.
D.	in the order in which they are expected to be converted into cash.
Answer» E.

Discussion

68.	Oligopolistic industries are characterized by
A.	a few dominant firms and no barriers to entry
B.	a large number of firms and low entry barriers
C.	a few dominant firms and substantial entry barriers
D.	a few dominant firms and low entry barriers
Answer» D. a few dominant firms and low entry barriers

Discussion

69.	Name the International Bank in which Temasek Holdings Pte, Singapore's government - owned investment arm, has announced to pick up 12 per cent stake.
A.	Deutsche Bank
B.	ABN Amro Bank
C.	HSBC Bank
D.	Standard Chartered Plc
Answer» E.

Discussion

70.	Mike McNamara is the founder of
A.	American Express
B.	Citibank
C.	Pepsico
D.	Standard Chartered
Answer» C. Pepsico

Discussion

71.	"Let your heart fly" baseline is associated with which airlines company?
A.	Fly Emirates
B.	Indian Airlines
C.	Jet Airways
D.	Lufthansa
Answer» C. Jet Airways

Discussion

72.	'Khazanah' is the state-owned investment holding arm of which country?
A.	Singapore
B.	Japan
C.	Mauritius
D.	Malaysia
Answer» E.

Discussion

73.	Iveco, Part of the Fiat group, holds 15 per cent stake in an Indian automobile company. The Â company in the question is
A.	AShok Leyland
B.	Hindustan Motors
C.	Tata Motors
D.	Eitcher
Answer» B. Hindustan Motors

Discussion

74.	Innovation allows producers to
A.	follow restrictions that the government imposes
B.	offer warranties for all of their products
C.	create goods that draw consumer attention
D.	avoid competing with similar businesses
Answer» D. avoid competing with similar businesses

Discussion

75.	India's Largest tractor manufacture Mahindra & Mahindra had recently made a take over bid on a European company, Universal Tractors. The Company is based in
A.	England
B.	Finland
C.	Norway
D.	Romania
Answer» E.

Discussion

76.	Inclusive unionism is practiced mostly by
A.	industrial unions
B.	professional and semiprofessional employees
C.	craft unions
D.	small unions comprised of skilled workers, such as the bricklayers
Answer» B. professional and semiprofessional employees

Discussion

77.	In which of the following business areas Bausch & Lomb is operating in?
A.	Vision care
B.	Auto ancillary
C.	Apparel
D.	Retailing
Answer» B. Auto ancillary

Discussion

78.	In a first instance of foreign oil company planning to list in the Indian Capital market, a well-known energy company has announced to go in for IPO to be listed on BSE. Name of the exploration and production company is
A.	Unocol
B.	Shell
C.	British Petroleum
D.	Cairn Energy
Answer» E.

Discussion

79.	In a Comprehensive settlement of Dabhol Power Project, two American companies have agreed to transfer its share in the project. One of them is General Electric. Identify another one.
A.	Exxon Mobile
B.	Bechtel
C.	Chevron
D.	Unocal
Answer» C. Chevron

Discussion

80.	How much loan amount was sanctioned by The World Bank to help India develop its first modernÂ waterway?
A.	$575 million
B.	$275 million
C.	$375 million
D.	$475 million
Answer» D. $475 million

Discussion

81.	Highest - Profit making company in India is
A.	Tata Sons
B.	Reliance Industries
C.	Indian Oil
D.	ONGC
Answer» E.

Discussion

82.	For a good that is a luxury demand
A.	has unit elasticity
B.	tends to be inelastic
C.	tends to be elastic
D.	cannot be represented
Answer» D. cannot be represented

Discussion

83.	Fixed cost per unit increases when
A.	variable cost per unit decreases
B.	production volume decreases
C.	variable cost per unit increases
D.	production volume increases
Answer» C. variable cost per unit increases

Discussion

84.	Final goods and services refer to
A.	goods and services purchased by ultimate users, rather than for resale or further processing
B.	goods and services whose value has been adjusted for changes in the price level
C.	the excess of U.S. exports over U.S. imports
D.	goods and services that are unsold and therefore added to inventories
Answer» B. goods and services whose value has been adjusted for changes in the price level

Discussion

85.	Equivalent units of production are equal to
A.	number of whole units that could have been completed if all work of the period had been used to produce whole units
B.	identifiable units existing at the end of the period in a production department
C.	units completed by a production department in the period
D.	number of units worked on during the period by a production department
Answer» B. identifiable units existing at the end of the period in a production department

Discussion

86.	Equity firm Warburg Pincus and telecom company Sing Tel Hold equity stake in which Indian Cellular service provider?
A.	Bharti Televenture
B.	Hutch
C.	Idea
D.	Reliance Telecom
Answer» B. Hutch

Discussion

87.	Delphi, the world's largest auto component manufacturer, has the joint venture agreement with which indian company?
A.	TVS
B.	Bajaj Auto
C.	Hero Motors
D.	Bharat Forge
Answer» B. Bajaj Auto

Discussion

88.	Effective sales management begins with
A.	designing a compensation plan
B.	determining sales goals
C.	determining the most efficient structure for the sales force
D.	specifying the sales force size
Answer» C. determining the most efficient structure for the sales force

Discussion

89.	Debts owed by a business are referred to as
A.	Liabilities
B.	Credits
C.	Account receivables
D.	Owner's Equity
Answer» B. Credits

Discussion

90.	China's TCL Communication has a joint venture agreement with European company for manufacturing mobile handsets?
A.	Alcatel
B.	Nokia
C.	Siemens
D.	None of these
Answer» B. Nokia

Discussion

91.	Chennai-based FMCG company, CavinKare has made an entry into homecare segment by launching a liquid Â toilet cleaner. The brand name of the toilet cleaner is
A.	Tavex
B.	Tex
C.	Texco
D.	Domotex
Answer» C. Texco

Discussion

92.	Cafe Coffee Day has entered into an agreement with which airlines carrier for becoming the single-point vend or supplying snacks and beverages on board?_x005F_x000D_
A.	Indian (Indian Airlines)
B.	Air Sahara
C.	Air Deccan
D.	Kingfisher Airlines
Answer» D. Kingfisher Airlines

Discussion

93.	Centralisation is said to exist if
A.	Top Management retains most of the decision making authority
B.	Authority is shared with Managers at lower levels
C.	Employees at all levels are allowed to take initiative in work related matters
D.	None of the above
Answer» B. Authority is shared with Managers at lower levels

Discussion

94.	Business transaction are recorded
A.	in chronological order
B.	at the end of the month
C.	weekly
D.	any of the above
Answer» B. at the end of the month

Discussion

95.	Capital budgeting is primarily concerned with
A.	planning future financing needs
B.	minimizing the cost of capital
C.	capital formation in the economy
D.	evaluating investment alternatives
Answer» E.

Discussion

96.	Brazil-based bus body maker Marcopolo has entered into a Joint venture with which Indian Company to manufacture fully-built buses and coaches?
A.	Swaraz Mazda
B.	Ashok Leyland
C.	Eicher
D.	Tata Motors
Answer» E.

Discussion

97.	Black markets are associated with
A.	Price floors and the resulting product shortages
B.	Ceiling prices and the resulting product shortages
C.	Price floors and the resulting product surpluses
D.	Ceiling prices and the resulting product surpluses
Answer» C. Price floors and the resulting product surpluses

Discussion

98.	Ayush Ayurvedic health and beauty care products were launched by
A.	Nestle
B.	Dabur
C.	HLL
D.	Ponds
Answer» D. Ponds

Discussion

99.	Brand Name 'Ykk' is related to
A.	Cars
B.	Cellular Phones
C.	Zip
D.	Shoe polish
Answer» D. Shoe polish

Discussion

100.	Australia - based core banking software, Financial Network Services (FNS) has been acquired by an indian comapny. Identify the company from the choices given below.
A.	Wipro Technologies
B.	Mindtree
C.	Infosys
D.	TCS
Answer» E.

Discussion

Explore topic-wise MCQs in General Knowledge.

Steel tycoo Laksmi Mittal has acquired minority stakes in which Indian financial service company?

Smoke alarms are only necessary in the workplace.

'Skycar' , a light aerial multi-purpose vehicle, is set to make its world debut in the US. Name the company which has developed the model?

Seagate is manufacturer of

Sales promotions include all of the following except

Sales commissions are classified as

Rockr, a cell phone from Motorola that uses Apple's iTunes software and stores up to 100 songs in its Flash memory, has been launched by

'River' Brand of MP3 player has been launched in india Â by Salora International. The Brand which is competing with apple's ipod is owned by which company?

Regulatory policies protect consumers by

Ratio analysis can be useful for

Quality assurance is an example of which process?

Product costs are also called

Performance goals are used to

Other things equal an improvement in productivity will

One of the following companies was in the news over alleged charges of international trademark and copyright violation. Identify it?

One of the following companies does have business interest in both oil and shipping sectors. Identify this.

On a classified balance sheet, companies usually list current assets

Oligopolistic industries are characterized by

Name the International Bank in which Temasek Holdings Pte, Singapore's government - owned investment arm, has announced to pick up 12 per cent stake.

Mike McNamara is the founder of

"Let your heart fly" baseline is associated with which airlines company?

'Khazanah' is the state-owned investment holding arm of which country?

Iveco, Part of the Fiat group, holds 15 per cent stake in an Indian automobile company. The Â company in the question is

Innovation allows producers to

India's Largest tractor manufacture Mahindra & Mahindra had recently made a take over bid on a European company, Universal Tractors. The Company is based in

Inclusive unionism is practiced mostly by

In which of the following business areas Bausch & Lomb is operating in?

In a first instance of foreign oil company planning to list in the Indian Capital market, a well-known energy company has announced to go in for IPO to be listed on BSE. Name of the exploration and production company is

In a Comprehensive settlement of Dabhol Power Project, two American companies have agreed to transfer its share in the project. One of them is General Electric. Identify another one.

How much loan amount was sanctioned by The World Bank to help India develop its first modernÂ waterway?

Highest - Profit making company in India is

For a good that is a luxury demand

Fixed cost per unit increases when

Final goods and services refer to

Equivalent units of production are equal to

Equity firm Warburg Pincus and telecom company Sing Tel Hold equity stake in which Indian Cellular service provider?

Delphi, the world's largest auto component manufacturer, has the joint venture agreement with which indian company?

Effective sales management begins with

Debts owed by a business are referred to as

China's TCL Communication has a joint venture agreement with European company for manufacturing mobile handsets?

Chennai-based FMCG company, CavinKare has made an entry into homecare segment by launching a liquid Â toilet cleaner. The brand name of the toilet cleaner is

Cafe Coffee Day has entered into an agreement with which airlines carrier for becoming the single-point vend or supplying snacks and beverages on board?_x005F_x000D_

Centralisation is said to exist if

Business transaction are recorded

Capital budgeting is primarily concerned with

Brazil-based bus body maker Marcopolo has entered into a Joint venture with which Indian Company to manufacture fully-built buses and coaches?

Black markets are associated with

Ayush Ayurvedic health and beauty care products were launched by

Brand Name 'Ykk' is related to

Australia - based core banking software, Financial Network Services (FNS) has been acquired by an indian comapny. Identify the company from the choices given below.