question_answer1) What is the full form of the given acronym, LLP?
A) Limited Liability Partnership done clear
B) Living Liability Partnership done clear
C) Liability List Partnership done clear
D) None of these done clear
View Solution play_arrowquestion_answer2) The National Pension System is structured in how many tiers?
A) 1 done clear
B) 2 done clear
C) 3 done clear
D) 4 done clear
View Solution play_arrowA) Kerala done clear
B) Delhi done clear
C) Guru gram done clear
D) Mumbai done clear
View Solution play_arrowquestion_answer4) Which of the following doesn?t characterized business activities?
A) Production of goods and services done clear
B) Presence of risk done clear
C) Sale or exchange of goods and services done clear
D) Salary or wages done clear
View Solution play_arrowquestion_answer5) What is the name of the mobile company which was acquired by Sony?
A) Nokia done clear
B) Ericsson done clear
C) Docomo done clear
D) Cell one done clear
View Solution play_arrowquestion_answer6) Which of the following can't be classified as an objective of business?
A) Investment done clear
B) Productivity done clear
C) Innovation done clear
D) Profit earning. done clear
View Solution play_arrowquestion_answer7) Name the two broad categories of business activities.
A) Trade and commerce done clear
B) Trade and industry done clear
C) Industry and commerce done clear
D) None of these done clear
View Solution play_arrowquestion_answer8) Economic activities may be classified into business, _______ and employment.
A) Profession done clear
B) occupation done clear
C) Vocation done clear
D) work done clear
View Solution play_arrowquestion_answer9) Which of the broad categories of industries covers oil refineries and sugar mills?
A) Primary done clear
B) Secondary done clear
C) Tertiary done clear
D) None of them done clear
View Solution play_arrowquestion_answer10) Which of the following involves maximum risk?
A) An industry done clear
B) A Commerce activity done clear
C) A trade done clear
D) None of these done clear
View Solution play_arrowquestion_answer11) Commerce is related to
A) Production of goods done clear
B) Exchange of goods done clear
C) Providing occupation done clear
D) Providing services done clear
View Solution play_arrowquestion_answer12) What is the full form of the given acronym, CRM?
A) Customer Relationship Management done clear
B) Customer Retail Management done clear
C) Customer Care Retail Management done clear
D) Customer Relation Marketing done clear
View Solution play_arrowquestion_answer13) The term FICCI stands for?
A) Framework of Indian Chamber of Commerce and Industry done clear
B) Federation of Indian Chamber of Commerce and Industry done clear
C) Federation of Indian Council of Commerce and Industry done clear
D) Framework of Indian Council of Commerce and Industry done clear
View Solution play_arrowA) False done clear
B) True done clear
C) All of the above done clear
D) None of these done clear
View Solution play_arrowquestion_answer15) 'VAT' is imposed-
A) Directly on consumer done clear
B) on first stage of production done clear
C) on all stages between production and sale done clear
D) on final stage of production done clear
View Solution play_arrowquestion_answer16) The 'Closed Economy' is the economy in which -
A) Only export takes place done clear
B) Budget deficit is less done clear
C) Only import takes place done clear
D) There is no foreign trade done clear
View Solution play_arrowA) Prepaid Payments Instruments done clear
B) Postpaid Payment Instruments done clear
C) Pre-Payment Instruments done clear
D) None of these done clear
View Solution play_arrowA) Business done clear
B) Unemployment done clear
C) Profession done clear
D) None of these. done clear
View Solution play_arrowquestion_answer19) Business risk is not likely to arise due to:
A) Changes in government policy. done clear
B) Good management done clear
C) Employee dishonesty done clear
D) Power Failure done clear
View Solution play_arrowquestion_answer20) Which one of the following may not be a factor behind starting a business?
A) Routine workload done clear
B) Size of the firm done clear
C) Finance done clear
D) Location of the business done clear
View Solution play_arrowquestion_answer21) Commerce includes activities relating to trade and ___________ to trade.
A) supporting done clear
B) subsidiaries done clear
C) auxiliaries done clear
D) None of these done clear
View Solution play_arrowA) Loss is the reward for risk bearing done clear
B) Business risks are due to uncertainties done clear
C) Risk is an essential component of every business done clear
D) Degree of risk depends mainly upon the nature and size of business done clear
View Solution play_arrowA) Business contingencies done clear
B) Business risks done clear
C) Business ventures done clear
D) None of these done clear
View Solution play_arrowquestion_answer24) Which of the following is not an example of non- economic activity?
A) Patriotism done clear
B) Teaching done clear
C) Sentiment done clear
D) Sympathy done clear
View Solution play_arrowA) Reliance Communications and Marxis Communications Berhad done clear
B) Reliance Communications and Ainel Services done clear
C) Marxis Communications Berhad and Ainel Services done clear
D) None of these done clear
View Solution play_arrowquestion_answer26) Transfer of interest exists in the case of
A) Profession done clear
B) Employment done clear
C) Business done clear
D) None of these done clear
View Solution play_arrowquestion_answer27) Consider the following.
| (i) The companies Act (Amendment) Bill 2016 seeks to amend the Companies Act 2013 which regulates the incorporation, regulation and winding up of companies. |
| (ii) The Bill is mainly based on the recommendations of the companies Law Committee. |
A) Only I done clear
B) Only II done clear
C) Both I and II done clear
D) None of the above. done clear
View Solution play_arrowquestion_answer28) Consider the following statements
| (i) A subsidiary Company is one in which a parent company holds more than 50% of its shares. |
| (ii) Associate company is one where another company holds at least 20% of its shares |
A) Only I done clear
B) Only II done clear
C) Both I and II done clear
D) None of the Above done clear
View Solution play_arrowquestion_answer29) Consider the following regarding lease.
| (i) A legal document outlining the terms under which one party agress to rent property from another party. |
| (ii) This guarantees the lessee use of an asset and guarantees the lessor regular payments from the lessee for a specified number of months or years. |
A) Only I done clear
B) Only II done clear
C) Both I and II done clear
D) None of these done clear
View Solution play_arrowquestion_answer30) Consider the following statements
| (i) Corporate taxes are taxes against profits earned by business during a given taxable period. |
| (ii) A tax payer distributes the incidence of tax and provides for a simple and convenient mode of payment. |
A) Only I done clear
B) Only II done clear
C) Both I and II done clear
D) None of these done clear
View Solution play_arrowquestion_answer31) Consider the following statement.
| I. Family owned business includes two or more family members and the majority of ownership lies within the family. |
| II. Family owned business includes two or more family members and the majority of ownership is divided between the partners. |
A) Only I done clear
B) Only II done clear
C) Both I and II done clear
D) None of the above done clear
View Solution play_arrowquestion_answer32) Consider the following statement.
| (i) Paid up share capital which doesn't exceed 50 lakh rupees or such higher amount as may be prescribed which shall not be more than 5 crore rupees. |
| (ii) Paid up share which extends up to 50 lakh rupess or higher amount as may be prescribed which shall extends more than 5 crore. |
A) Only I done clear
B) Only II done clear
C) Both I and II done clear
D) None of the Above done clear
View Solution play_arrowquestion_answer33) Consider the following regarding ISI mark
| a. It's a certification mark for industrial products in India |
| b. The mark certifies that a product confirms to the Indian Standard, mentioned as IS.XXXX on top of the mark, developed by BIS. |
| c. It's mandatory for certifying products to be sold in India |
| d. It's associated with FICCI. |
A) I, II and III are correct done clear
B) II, III and IV are correct done clear
C) I, II and IV are correct done clear
D) I, II, III and IV are correct. done clear
View Solution play_arrowquestion_answer34) Consider the following statements
| (I) SWOT analysis is a framework of identifying and framing organizational growth opportunities. |
| (II) SWOT is an acronym for an organization's internal Strengths and Weaknesses and External Opportunities and Threats. |
A) Only I done clear
B) Only II done clear
C) Both I and II done clear
D) None of the Above done clear
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