MCQOPTIONS
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MCQOPTIONS
This section includes 116 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
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 | |
| 102. |
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. | |
| 103. |
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 | |
| 104. |
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 | |
| 105. |
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 | |
| 106. |
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. | |
| 107. |
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 | |
| 108. |
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 | |
| 109. |
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 | |
| 110. |
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 | |
| 111. |
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 | |
| 112. |
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 | |
| 113. |
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. | |
| 114. |
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 | |
| 115. |
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 | |
| 116. |
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 | |