MCQOPTIONS
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MCQOPTIONS
This section includes 513 Mcqs, each offering curated multiple-choice questions to sharpen your Commerce knowledge and support exam preparation. Choose a topic below to get started.
| 151. |
Memorandum of association of a firm contains _______. |
| A. | ules regarding the internal management of the company |
| B. | ules regarding the constitution and activities of the company |
| C. | ules regarding the external management |
| D. | ules regarding the constitution |
| Answer» C. ules regarding the external management | |
| 152. |
A Joint stock company is governed by _______. |
| A. | ompanies Act 2006 |
| B. | ompanies Act 1936 |
| C. | ompanies Act 2012 |
| D. | ompanies Act 2013 |
| Answer» E. | |
| 153. |
A manager with a share in the profits ______. |
| A. | s only a servant of the firm |
| B. | ecomes a partner by the operation of law |
| C. | ecomes a partner by implied agreement |
| D. | ecomes a partner from status |
| Answer» B. ecomes a partner by the operation of law | |
| 154. |
A partner in a firm _______. |
| A. | annot transfer his share to an outsider |
| B. | an transfer his share to an outsider with the consent of majority partners |
| C. | an transfer his share to an outsider without the consent of any other partners |
| D. | an transfer his share to an outsider with the consent of all other partners |
| Answer» B. an transfer his share to an outsider with the consent of majority partners | |
| 155. |
Liability of partners in respect of the firms debts is _______. |
| A. | imited up to the amount of his capital in the business |
| B. | nlimited |
| C. | imited up to the amount of guarantee given by the partner |
| D. | imited up the amount of his capital and loan to the firm if any |
| Answer» C. imited up to the amount of guarantee given by the partner | |
| 156. |
The liability of a sole proprietor is _______. |
| A. | imited to the extent of his capital invested in the business |
| B. | imited to the extent of the value of business assets |
| C. | imited to the extent of the value of business assets and his all private assets |
| D. | imited value of the business assets |
| Answer» D. imited value of the business assets | |
| 157. |
When a partnership is dissolved? |
| A. | n any case of death of any of the partner |
| B. | y mutual consent |
| C. | y insolvency of any of the partner |
| D. | ll of above |
| Answer» E. | |
| 158. |
In case of minor acting as a partner, his personal properties are ________. |
| A. | iable for the debts of the firm |
| B. | ot liable for the debts of the firm |
| C. | artly liable for the debts of the firm |
| D. | nly debts of the firm |
| Answer» C. artly liable for the debts of the firm | |
| 159. |
What is called to buying of shares by taking money from brokers? |
| A. | argin trading |
| B. | urb dealing |
| C. | adla |
| D. | orward |
| Answer» B. urb dealing | |
| 160. |
A certain percentage of the sum assured is paid periodically according to the terms of policy is known as ________ . |
| A. | erm policy |
| B. | ndowment policy |
| C. | oney-Back Policy |
| D. | roup insurance policy |
| Answer» D. roup insurance policy | |
| 161. |
Indexing is an important ________. |
| A. | ethod of filing |
| B. | ethod of maintaining account books |
| C. | id to filing |
| D. | ethod of maintaining statistical books |
| Answer» C. id to filing | |
| 162. |
Dividend and interest are _______. |
| A. | ynonymous terms |
| B. | ifferent from each other |
| C. | ebited to profit and loss account |
| D. | ivisible profits |
| Answer» D. ivisible profits | |
| 163. |
Stock exchange deals with the ___________. |
| A. | econd hand securities |
| B. | ssued of equity shares |
| C. | ssue of preference shares |
| D. | ssue of debentures |
| Answer» B. ssued of equity shares | |
| 164. |
When a right to sell a security is acquired, it is known as __________. |
| A. | all option |
| B. | ut option |
| C. | ouble option |
| D. | ingle option |
| Answer» C. ouble option | |
| 165. |
Which of the following speculators expect fall in the prices of securities in the near future? |
| A. | ull |
| B. | ear |
| C. | tag |
| D. | nder inter |
| Answer» C. tag | |
| 166. |
Speculation in stock exchange means __________. |
| A. | nvestment in securities |
| B. | ambling in securities |
| C. | uying and selling securities in the hope of making profile due to change in prices |
| D. | reating secret profits |
| Answer» D. reating secret profits | |
| 167. |
Members of Bombay stock exchange are unofficially classified into ___________. |
| A. | rokers and jobbers |
| B. | rokers and tarawaniwalas |
| C. | obbers and tarawaniwalas |
| D. | here is no such classification of members of stock exchange |
| Answer» C. obbers and tarawaniwalas | |
| 168. |
Stock Exchanges in India are under the control of ____________. |
| A. | EBI |
| B. | EC |
| C. | BI |
| D. | inancial Institution |
| Answer» B. EC | |
| 169. |
The first stock exchange was set up in India in __________. |
| A. | alcutta |
| B. | ombay |
| C. | ew Delhi |
| D. | hennai |
| Answer» C. ew Delhi | |
| 170. |
The most common method used for marketing of new securities is _________. |
| A. | ale of existing shareholders |
| B. | tock exchange placing |
| C. | irect sale to public through prospectus |
| D. | ale to biometers |
| Answer» D. ale to biometers | |
| 171. |
The most important economic function of new issue market is to ___________. |
| A. | rovide liquidity to securities |
| B. | rovide facilities for converting saving into investments |
| C. | ive proper direction to the flow of capital |
| D. | ive direction |
| Answer» C. ive proper direction to the flow of capital | |
| 172. |
Bank overdraft is a good source of finance for _________. |
| A. | hort term |
| B. | edium term |
| C. | ong term |
| D. | hort and long term |
| Answer» B. edium term | |
| 173. |
A bearer of a share warrant of a company is _____. |
| A. | creditor of the company |
| B. | member of the company |
| C. | member subject to certain conditions |
| D. | ot a member of the company |
| Answer» E. | |
| 174. |
A valid definition of a business purpose is to ______. |
| A. | reate a customer |
| B. | aximize profits |
| C. | erve the society |
| D. | ncrease the wealth of the firm |
| Answer» B. aximize profits | |
| 175. |
Which of the following is not a manufacturing industry? |
| A. | ron and steel works |
| B. | lour Mills |
| C. | ruit canning |
| D. | ining |
| Answer» E. | |
| 176. |
Which of the following is an extractive industry? |
| A. | attle breeding |
| B. | orest cultivation |
| C. | unting |
| D. | lour mills |
| Answer» D. lour mills | |
| 177. |
_________ Deals with appointing people and placing them at the appropriate jobs.%! |
| A. | Human resources |
| B. | Recruitment |
| C. | Staffing |
| D. | Placement |
| Answer» D. Placement | |
| 178. |
_________ is a force to drive a person to action.%! |
| A. | Motivation |
| B. | Co ordination |
| C. | Co-operation |
| D. | Control |
| Answer» B. Co ordination | |
| 179. |
Which function is basis of control?%! |
| A. | Planning |
| B. | Organizing |
| C. | Controlling |
| D. | staffing |
| Answer» B. Organizing | |
| 180. |
Filing is an important aspect of _________.%! |
| A. | record keeping |
| B. | book keeping |
| C. | house-keeping |
| D. | time keeping |
| Answer» D. time keeping | |
| 181. |
The preference shares holders who have no claim for the arrears of dividend are _________ preference shares.%! |
| A. | Cumulative |
| B. | Non-cumulative |
| C. | Redeemable |
| D. | Irredeemable |
| Answer» C. Redeemable | |
| 182. |
Co-operative societies have _________ management.%! |
| A. | Government |
| B. | Democratic |
| C. | Autocratic |
| D. | Private |
| Answer» C. Autocratic | |
| 183. |
Which type of shareholders does not have voting rights?%! |
| A. | Equity shareholders |
| B. | Preference shareholders |
| C. | Deferred shareholders |
| D. | Ordinary shareholders |
| Answer» C. Deferred shareholders | |
| 184. |
Guarantee for employer for the loss out of employee's dishonest is__________.%! |
| A. | Burglary insurance |
| B. | Fidelity insurance |
| C. | third party insurance |
| D. | medical insurance |
| Answer» C. third party insurance | |
| 185. |
Which type of classification is based on the area of operation?%! |
| A. | Alphabetical classification |
| B. | Numerical classification |
| C. | Subject wise classification |
| D. | Geographical classification |
| Answer» E. | |
| 186. |
Except life insurance generally the maximum term of other insurance is ________ .%! |
| A. | 12 months |
| B. | 24 months |
| C. | 6 months |
| D. | 36 months |
| Answer» B. 24 months | |
| 187. |
A Bull speculator is also called as ___________.%! |
| A. | mandiwala |
| B. | tejiwala |
| C. | tarawaniwalas |
| D. | vaniwalas |
| Answer» C. tarawaniwalas | |
| 188. |
The financial market for short term funds is known as __________.%! |
| A. | capital market |
| B. | money market |
| C. | bullion market |
| D. | share market |
| Answer» C. bullion market | |
| 189. |
Which function is regarded as the essence of management?%! |
| A. | Planning |
| B. | Organizing |
| C. | Staffing |
| D. | Co-ordination |
| Answer» E. | |
| 190. |
The managerial grid consist of how many possible leadership styles?%! |
| A. | 61 |
| B. | 71 |
| C. | 81 |
| D. | 91 |
| Answer» D. 91 | |
| 191. |
_________ Layout based on similarity of work.%! |
| A. | Group |
| B. | Process |
| C. | Open |
| D. | Closed |
| Answer» B. Process | |
| 192. |
Earning Goodwill is _________ for business ethics.%! |
| A. | Need |
| B. | Uses |
| C. | merits |
| D. | None |
| Answer» B. Uses | |
| 193. |
The surplus generated by co-operatives is distributed in the form of ____________.%! |
| A. | Cash and kind |
| B. | Dividend and profit |
| C. | Profit and dividend |
| D. | Dividend and bonus |
| Answer» E. | |
| 194. |
The management of the company is entrusted to __________.%! |
| A. | Promoters |
| B. | Employees |
| C. | Share holders |
| D. | Board of Directors |
| Answer» E. | |
| 195. |
Industries are engaged in extracting and supplying products from earth ,air and water_________.%! |
| A. | Extractive Industries |
| B. | Manufacturing Industries |
| C. | Genetic Industries |
| D. | Assembly Industries |
| Answer» B. Manufacturing Industries | |
| 196. |
_________ means a fraction of the capital of a company.%! |
| A. | Stock |
| B. | Exchange |
| C. | Bear |
| D. | Stag |
| Answer» B. Exchange | |
| 197. |
__________ is a machine which process text material on a page when operator strikes keys are arranged on the key boards.%! |
| A. | Typewriter |
| B. | Photocopier |
| C. | Roller copier |
| D. | Private |
| Answer» B. Photocopier | |
| 198. |
Which machine is used for stamping outward mail?%! |
| A. | Franking machine |
| B. | Adding machine |
| C. | Mailing machine |
| D. | Accounting machine |
| Answer» B. Adding machine | |
| 199. |
The preference shares which cannot be converted into equity shares are __________ preference shares.%! |
| A. | cumulative |
| B. | non-cumulative |
| C. | redeemable |
| D. | non-convertible |
| Answer» E. | |
| 200. |
The first stock exchange in the world is _________.%! |
| A. | Mumbai stock exchange |
| B. | American stock exchange |
| C. | London stock exchange |
| D. | France stock exchange |
| Answer» D. France stock exchange | |