MCQOPTIONS
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MCQOPTIONS
This section includes 106 Mcqs, each offering curated multiple-choice questions to sharpen your 11th Class knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Business people have the skills to solve |
| A. | All social problems |
| B. | Some social problems |
| C. | No social problems |
| D. | All economic problems |
| Answer» C. No social problems | |
| 2. |
Debentures represent |
| A. | Fixed capital of the company |
| B. | Permanent capital of the company |
| C. | Fluctuating capital of the company |
| D. | Loan capital of the company |
| Answer» E. | |
| 3. |
Which of the following can explain the need for pollution control? |
| A. | Cost savings |
| B. | Reduced risk of liability |
| C. | Reduction of health hazards |
| D. | All of them |
| Answer» D. All of them | |
| 4. |
Under the lease agreement, the lessee gets the right to |
| A. | Share profits earned by the lessor |
| B. | Participate in the management of the organization |
| C. | Use the asset for a specified period |
| D. | Sell the assets |
| Answer» D. Sell the assets | |
| 5. |
Public deposits are the deposits that are raised directly from |
| A. | The public |
| B. | The directors |
| C. | The auditors |
| D. | The owners |
| Answer» B. The directors | |
| 6. |
ADRs are issued in |
| A. | Canada |
| B. | China |
| C. | India |
| D. | USA |
| Answer» E. | |
| 7. |
Internal sources of capital are those that are |
| A. | Generated through outsiders such as suppliers |
| B. | Generated through loans from commercial banks |
| C. | Generated through issue of shares |
| D. | Generated within the business |
| Answer» E. | |
| 8. |
Under the factoring arrangement, the factor |
| A. | Produces and distributes the goods or services |
| B. | Makes the payment on behalf of the client |
| C. | Collects the client's debt or account receivables |
| D. | Transfer the goods from one place to another |
| Answer» D. Transfer the goods from one place to another | |
| 9. |
The maturity period of a commercial paper usually ranges from |
| A. | 20 to 40 days |
| B. | 60 to 90 days |
| C. | 120 to 365 days |
| D. | 90 to 364 days |
| Answer» E. | |
| 10. |
Which of the following alone can ensure effective ethics programme in a business enterprise? |
| A. | Publication of code |
| B. | Involvement of employees |
| C. | Establishment of compliance mechanisms |
| D. | None of them |
| Answer» D. None of them | |
| 11. |
Which of the following is most suitable for generating revenue for government? |
| A. | Departmental Undertaking |
| B. | Government Company |
| C. | Statutory Corporation |
| D. | None of the above |
| Answer» C. Statutory Corporation | |
| 12. |
In which form of the public sector enterprise, the private individuals can also become shareholders? |
| A. | Departmental Undertaking |
| B. | Government Company |
| C. | Statutory Corporation |
| D. | None of the above |
| Answer» C. Statutory Corporation | |
| 13. |
Which of the following is a departmental undertaking? |
| A. | Life Insurance Corporation Limited |
| B. | Railways |
| C. | Bharat Heavy Electrical Limited |
| D. | All of the above |
| Answer» C. Bharat Heavy Electrical Limited | |
| 14. |
Reconstruction of sick public sector units is taken up by |
| A. | MOFA |
| B. | MoU |
| C. | BIFR |
| D. | NRF |
| Answer» D. NRF | |
| 15. |
PSEs are organizations owned by |
| A. | Joint Hindu Family |
| B. | Government |
| C. | Foreign companies |
| D. | Private entrepreneurs |
| Answer» C. Foreign companies | |
| 16. |
Centralised control in MNCs implies control exercised by |
| A. | Branches |
| B. | Subsidiaries |
| C. | Headquarters |
| D. | Parliament |
| Answer» D. Parliament | |
| 17. |
Since 1991, number of _______has increased in India. |
| A. | Departmental Undertaking |
| B. | Government Company |
| C. | Statutory Corporation |
| D. | Global Enterprises |
| Answer» E. | |
| 18. |
Employees of which of the following are considered as government employees? |
| A. | Departmental Undertaking |
| B. | Government Company |
| C. | Statutory Corporation |
| D. | None of the above |
| Answer» B. Government Company | |
| 19. |
When two or more businesses join hands for mutual benefit and common purpose, it is called: |
| A. | Public Private Partnership |
| B. | Joint Venture |
| C. | Global Enterprises |
| D. | Statutory Corporation |
| Answer» C. Global Enterprises | |
| 20. |
Which of the following is controlled and managed as per the provisions of the statute under which it has been formed? |
| A. | Departmental Undertaking |
| B. | Government Company |
| C. | Statutory Corporation |
| D. | None of the above |
| Answer» D. None of the above | |
| 21. |
Which of the following is under the control of a ministry? |
| A. | Departmental Undertaking |
| B. | Government Company |
| C. | Statutory Corporation |
| D. | None of the above |
| Answer» B. Government Company | |
| 22. |
BIFR stands for: |
| A. | Bureau of Industrial and Financial Reconstruction |
| B. | Board of Industrial and Financial Reconstruction |
| C. | Board of Indian Financial Reconstruction |
| D. | Board of Industrial and Financial Reformation |
| Answer» C. Board of Indian Financial Reconstruction | |
| 23. |
Which of the following is an example of Statutory Corporation? |
| A. | Life Insurance Corporation Limited |
| B. | Railways |
| C. | Bharat Heavy Electrical Limited |
| D. | All of the above |
| Answer» B. Railways | |
| 24. |
Steel Authority of India Limited (SAIL) is an example of: |
| A. | Departmental Undertaking |
| B. | Government Company |
| C. | Statutory Corporation |
| D. | None of the above |
| Answer» D. None of the above | |
| 25. |
A government company is any company in which the paid up capital held by the government is not less than |
| A. | 49 per cent |
| B. | 51 per cent |
| C. | 50 per cent |
| D. | 25 per cent |
| Answer» C. 50 per cent | |
| 26. |
TRIP is one of the WTO agreements that deal with: |
| A. | Trade in agriculture |
| B. | Trade in services |
| C. | Trade related investment measures |
| D. | None of these |
| Answer» E. | |
| 27. |
The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is |
| A. | Letter of hypothetication |
| B. | Letter of credit |
| C. | Bill of lading |
| D. | Bill of exchange |
| Answer» C. Bill of lading | |
| 28. |
Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shippers name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo? |
| A. | Shipping bill |
| B. | Packaging list |
| C. | Mate's receipt |
| D. | Bill of exchange |
| Answer» B. Packaging list | |
| 29. |
A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as: |
| A. | Shipping receipt |
| B. | Mate receipt |
| C. | Cargo receipt |
| D. | Charter receipt |
| Answer» C. Cargo receipt | |
| 30. |
Which one of the following is not a part of export documents? |
| A. | Commercial invoice |
| B. | Certificate of origin |
| C. | Bill of entry |
| D. | Mate's receipt |
| Answer» D. Mate's receipt | |
| 31. |
Which one of the following is not a document related to fulfill the customs formalities? |
| A. | Shipping bill |
| B. | Export license |
| C. | Letter of insurance |
| D. | Performa invoice |
| Answer» E. | |
| 32. |
Which of the following documents is not required in connection with an import transaction? |
| A. | Bill of lading |
| B. | Shipping bill |
| C. | Certificate of origin |
| D. | Shipment advice |
| Answer» B. Shipping bill | |
| 33. |
Which of the following documents are not required for obtaining an export license? |
| A. | IEC number |
| B. | Letter of credit |
| C. | Registration cum membership certificate |
| D. | Bank account number |
| Answer» C. Registration cum membership certificate | |
| 34. |
Provision of residential accommodation to the members at reasonable rates is the objective of |
| A. | Producer's cooperative |
| B. | Consumer's objective |
| C. | Housing cooperative |
| D. | Credit cooperative |
| Answer» D. Credit cooperative | |
| 35. |
The Head of the Joint Hindu Family Business is called |
| A. | Proprietor |
| B. | Director |
| C. | Karta |
| D. | Manager |
| Answer» D. Manager | |
| 36. |
The maximum number of partners allowed in the banking business are: |
| A. | Twenty |
| B. | Ten |
| C. | No limit |
| D. | Two |
| Answer» C. No limit | |
| 37. |
Profits do not have to be shared. This statement refers to: |
| A. | Partnership |
| B. | Joint Hindu Family Business |
| C. | Sole proprietorship |
| D. | Company |
| Answer» D. Company | |
| 38. |
The board of directors of a joint stock company is elected by: |
| A. | General public |
| B. | Government bodies |
| C. | Shareholders |
| D. | Employees |
| Answer» D. Employees | |
| 39. |
Minor can be full-fledged member of: |
| A. | Co-operative Society |
| B. | Joint Stock Company |
| C. | Joint Hindu Family |
| D. | Partnership |
| Answer» D. Partnership | |
| 40. |
Which of the following has a separate legal entity? |
| A. | Joint Stock Company |
| B. | Co-operative Society |
| C. | Both of the above |
| D. | None of the above |
| Answer» D. None of the above | |
| 41. |
The Karta in Joint Hindu family business has: |
| A. | Limited liability |
| B. | Unlimited liability |
| C. | No liability for debts |
| D. | Joint liability |
| Answer» C. No liability for debts | |
| 42. |
Name the type of company which must have a minimum paid up capital of 5 lacs. |
| A. | Public Company |
| B. | Private Company |
| C. | Government Company |
| D. | All of the above |
| Answer» B. Private Company | |
| 43. |
Which of the following has unlimited liability in business? |
| A. | Sole Proprietor |
| B. | Karta |
| C. | Partners |
| D. | All of the above |
| Answer» E. | |
| 44. |
Which document is called charter of a company? |
| A. | Memorandum of Association |
| B. | Articles of Association |
| C. | Prospectus |
| D. | All of the above |
| Answer» B. Articles of Association | |
| 45. |
Name the law which governs Joint Hindu Family Business. |
| A. | Partnership Act |
| B. | Hindu Law |
| C. | Companies Act, 1956 |
| D. | Contract Act |
| Answer» C. Companies Act, 1956 | |
| 46. |
Choose the type of business in which sole proprietorship is very suitable. |
| A. | CA Firm |
| B. | Beauty Parlour |
| C. | A shopping mall |
| D. | All of these |
| Answer» C. A shopping mall | |
| 47. |
Name the person who manages a Joint Hindu Family Business. |
| A. | Manager |
| B. | Minor |
| C. | Members |
| D. | Karta |
| Answer» E. | |
| 48. |
Name the form of business organization found only in India. |
| A. | Sole Proprietorship |
| B. | Partnership |
| C. | Joint Hindu Family |
| D. | Cooperatives |
| Answer» D. Cooperatives | |
| 49. |
A partner whose association with the firm is unknown to the general public is called |
| A. | Active partner |
| B. | Sleeping partner |
| C. | Nominal partner |
| D. | Secret partner |
| Answer» E. | |
| 50. |
The structure in which there is a separation of ownership and management is called |
| A. | Sole proprietorship |
| B. | Partnership |
| C. | Company |
| D. | All business organizations |
| Answer» D. All business organizations | |