MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Loco means on the spot. Reason (R) Loco price refers to the cost of goods at the factory of the seller. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» B. Both A and R are true, but R is not the correct explanation of A | |
| 2. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Problems exist in foreign trade due to import and export restrictions. Reason (R) Every country charges custom duties on imports. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» B. Both A and R are true, but R is not the correct explanation of A | |
| 3. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Problems exist in international trade due to some language spoken everywhere. Reason (R) Price lists and catalogues are prepared in English only. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» C. A is true, but R is false | |
| 4. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) International trade leads to spoilage of surplus produce. Reason (R) International trade enables different countries to sell their surplus to other countries. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» E. | |
| 5. |
Direction: In the questions given below are two statements labelled as Assertion A and Reason (R). In the context of the two statements, which one of the following is correct? Assertion A International trade helps a country to utilise its resources to the maximum limit. Reason (R) International trade does not play any role in eliminating the wastage of resources. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» D. A is false, but R is true | |
| 6. |
Direction: In the questions given below are two statements labelled as Assertion A and Reason (R). In the context of the two statements, which one of the following is correct? Assertion. International trade leads to over- specialisation. Reason (R) Over-specialisation may be disasterous for a country. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» B. Both A and R are true, but R is not the correct explanation of A | |
| 7. |
Which of the following is also known as World Bank? |
| A. | IMF |
| B. | IBRD |
| C. | ADB |
| D. | IFC |
| Answer» C. ADB | |
| 8. |
Match the following List I List II A. World Bank 1. 1946 B. International Finance Corporation 2. 1956 C. International Development Agency 3. 1960 D. Asian Development Bank 4. 1966 Codes |
| A. | A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 |
| B. | A\[\to \]1, B\[\to \]3, C\[\to \]4, D\[\to \]2 |
| C. | A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3 |
| D. | A\[\to \]3, B\[\to \]1, C\[\to \]2, D\[\to \]4 |
| Answer» B. A\[\to \]1, B\[\to \]3, C\[\to \]4, D\[\to \]2 | |
| 9. |
Match the following List I List II A. World Trade Organisation 1. 1993 B. Uruguay Round Negotiation 2. 1995 C. WTO-Trade Policy Review Body 3. 1997 D. The Patents (Amendment) Act 4. 1999 Codes |
| A. | A\[\to \]1, B\[\to \]3, C\[\to \]4, D\[\to \]2 |
| B. | A\[\to \]1, B\[\to \]4, C\[\to \]3, D\[\to \]2 |
| C. | A\[\to \]2, B\[\to \]1, C\[\to \]3, D\[\to \]4 |
| D. | A\[\to \]4, B\[\to \]2, C\[\to \]1, D\[\to \]3 |
| Answer» D. A\[\to \]4, B\[\to \]2, C\[\to \]1, D\[\to \]3 | |
| 10. |
Which of the following is not an international financial institution? |
| A. | ICICI |
| B. | IMF |
| C. | IDA |
| D. | World-Bank |
| Answer» B. IMF | |
| 11. |
The aim of foreign trade is/are |
| A. | to increase production |
| B. | to raise the standard of living of the people |
| C. | Both and |
| D. | None of the above |
| Answer» D. None of the above | |
| 12. |
Match the following List I List II A. WTO 1. Provides loans to address short-term BoP problems B. RBI 2. Multilateral trade negotiating body C. IMF 3. Facilitating lending and borrowing for reconstruction and development D. IBRD 4. Central Bank of India Codes |
| A. | A\[\to \]2, B\[\to \]4, C\[\to \]1, D\[\to \]3 |
| B. | A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 |
| C. | A\[\to \]3, B\[\to \]2, C\[\to \]4, D\[\to \]1 |
| D. | A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 |
| Answer» B. A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 | |
| 13. |
Which of the following pairs is/are not matched against its name? |
| A. | ASEAN- Economic cooperation amongst all Asian countries |
| B. | IMF- To remove unfavourable BoP and to provide financial assistance |
| C. | WTO- Does not allow quantitative restrictions on trade |
| D. | SAARC- Encourages trade between South Asian countries |
| Answer» B. IMF- To remove unfavourable BoP and to provide financial assistance | |
| 14. |
Which institution is known as the soft loan window of World Bank? |
| A. | IMF |
| B. | IFC |
| C. | IDA |
| D. | None of these |
| Answer» D. None of these | |
| 15. |
Dunkel proposal was discussed in |
| A. | WTO |
| B. | IMF |
| C. | World Bank |
| D. | ADB |
| Answer» B. IMF | |
| 16. |
Long-term financial assistance for development purpose is provided by |
| A. | IMF |
| B. | World Bank |
| C. | ADB |
| D. | WTO |
| Answer» C. ADB | |
| 17. |
Globalisation of financial services is being promoted by |
| A. | World Trade Organisation |
| B. | International Finance Corporation |
| C. | International Bank for Reconstruction and Development |
| D. | International Monetary Fund |
| Answer» E. | |
| 18. |
Consider the following statements in context of WTO I. WTO is a permanent body with its over dispute settlement mechanism. II. Scope of WTO has been broadened by inclusion of services, intellectual property rights and investment measures. III. WTO promote international trade. IV. WTO banned the foreign currency. V. WTO managed the hybrid system of clean floating, currency block etc. Which of the statements given above are correct? |
| A. | I and II |
| B. | II and V |
| C. | I, II and III |
| D. | III and IV |
| Answer» C. I, II and III | |
| 19. |
Trade ......... gap between the producer and the consumer. |
| A. | Creates |
| B. | increases |
| C. | Decreases |
| D. | None of the above |
| Answer» D. None of the above | |
| 20. |
Trade is a process which includes |
| A. | Buying goods and services |
| B. | Selling goods and services |
| C. | Exchanging goods and services |
| D. | None of the above |
| Answer» D. None of the above | |
| 21. |
Match the following List I List II A. Threat of public regulation 1. Environment protection B. Code of conduct 2. Social responsibility C. Fundamental duty to protect 3. Business ethics Codes |
| A. | A\[\to \]1, B\[\to \]2, C\[\to \]3 |
| B. | A\[\to \]3, B\[\to \]2, C\[\to \]1 |
| C. | A\[\to \]3, B\[\to \]1, C\[\to \]2 |
| D. | A\[\to \]2, B\[\to \]1, C\[\to \]3 |
| Answer» E. | |
| 22. |
Objectives of the environment protection act are |
| A. | To co-ordinate the activities of the various regulatory agencies already in existence |
| B. | To appoint environment officers to check environmental pollution |
| C. | To improve the quality of life |
| D. | All of the above |
| Answer» B. To appoint environment officers to check environmental pollution | |
| 23. |
Social responsibility can be divided in.........parts |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» B. 2 | |
| 24. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Social responsibility is a legal responsibility of the business. Reason (R) Company Act 2013, provide for the social responsibly of business. Codes |
| A. | Both A and R are true and R is the true explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» C. A is true, but R is false | |
| 25. |
Advantage of social responsibility is |
| A. | Long-term benefit of the firm |
| B. | Avoidance of government regulation |
| C. | Converting problems into opportunities |
| D. | All of the above |
| Answer» D. All of the above | |
| 26. |
Consider the following statements. I. Business ethics give importance to labour power. II. Business ethics are essentially centred on labour welfare. Which of the statements given above is/are correct? |
| A. | Only I |
| B. | Only II |
| C. | Both I and II |
| D. | None of the above |
| Answer» C. Both I and II | |
| 27. |
A business owned highest elegance to whom? |
| A. | Responsibility toward customer |
| B. | Responsibility toward society |
| C. | Responsibility toward shareholders |
| D. | Responsibility toward government |
| Answer» C. Responsibility toward shareholders | |
| 28. |
Which of the following social responsibility acts as a safeguarding against capital investment? |
| A. | Economic responsibility |
| B. | Discretionary responsibility |
| C. | Ethical responsibility |
| D. | Legal responsibility |
| Answer» C. Ethical responsibility | |
| 29. |
Which of the following is sole motive of a business? |
| A. | Social responsibility |
| B. | Expansion of business |
| C. | Profit maximisation |
| D. | Environment protection |
| Answer» D. Environment protection | |
| 30. |
Environment Protection Act 1986, was introduced during the tenure of |
| A. | Indira Gandhi Government |
| B. | Rajiv Gandhi Government |
| C. | Morarji Desai Government |
| D. | Atal Bihari Vajpayee Government |
| Answer» C. Morarji Desai Government | |
| 31. |
Which of the following statement is/are correct? I. Social responsibility is the only moral understanding of an entrepreneur. II. Social responsibility is required to serve the interest to other sections, Select the correct answer using the codes given below |
| A. | Only I |
| B. | Only II |
| C. | Both I and II |
| D. | None of these |
| Answer» C. Both I and II | |
| 32. |
Need for social responsibility is |
| A. | For serving the interest of society |
| B. | For getting moral understanding |
| C. | For getting help in addressing legal, ethical and commercial issues well |
| D. | All of the above |
| Answer» C. For getting help in addressing legal, ethical and commercial issues well | |
| 33. |
Consider the correct statements I. Business enterprises have started realising the fact that social interest and business interest and not contradictory. II. Business enterprises realised that business interest and social interest are not complementary. Which of the statements given above is/are correct? |
| A. | Only I |
| B. | Only II |
| C. | Both I and II |
| D. | None of the above |
| Answer» B. Only II | |
| 34. |
Consumer satisfaction is required because |
| A. | Customer is king |
| B. | Customer provides business |
| C. | Customer helps providing profits |
| D. | All of the above |
| Answer» E. | |
| 35. |
Business ethics is......... |
| A. | Voluntary |
| B. | involuntary |
| C. | Compulsory |
| D. | None of these |
| Answer» C. Compulsory | |
| 36. |
Ethics is a branch of......... |
| A. | Social science |
| B. | Political science |
| C. | Both and |
| D. | None of these |
| Answer» B. Political science | |
| 37. |
Without serving society a business firm cannot survive for |
| A. | one day |
| B. | one week |
| C. | Short-term |
| D. | long-term |
| Answer» B. one week | |
| 38. |
Business responsibility is towards |
| A. | Shareholders |
| B. | workers |
| C. | Government |
| D. | All of these |
| Answer» B. workers | |
| 39. |
Business ethics is the study of......... where issues of right and wrong are addressed. |
| A. | Business situations |
| B. | business activities |
| C. | Business decisions |
| D. | All of the above |
| Answer» B. business activities | |
| 40. |
What is the feature of business ethics? |
| A. | Based on moral and social values |
| B. | Gives protection to social groups |
| C. | Requires education and guidance |
| D. | All of the above |
| Answer» B. Gives protection to social groups | |
| 41. |
Social responsibility means responsibility of a business towards |
| A. | Customers |
| B. | workers |
| C. | Shareholders |
| D. | All of the above |
| Answer» E. | |
| 42. |
Which responsibility comes under social responsibility |
| A. | Economic responsibility |
| B. | Legal responsibility |
| C. | Ethical responsibility |
| D. | All of the above |
| Answer» D. All of the above | |
| 43. |
Direction: In the question given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Motivation creates good relations in the organisation. Reason (R) Motivation provides a complex work environment. Codes |
| A. | Both A and R are true and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» C. A is true, but R is false | |
| 44. |
Direction: In the question given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Laissez-faire leadership describe a leader, who leaves his colleague to get on with their work. Reason (R) Laissez-faire means Leave it be. Codes |
| A. | Both A and R are true and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» B. Both A and R are true, but R is not the correct explanation of A | |
| 45. |
Direction: In the question given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Informal interview is written interview, which must be arranged at a particular place. Reason (R) Formal interview is also called depth interview. Codes |
| A. | Both A and R are true and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» E. | |
| 46. |
Direction: In the question given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Written communication can be verified afterwards. Reason (R) Written communication is more effective than oral communication. Codes |
| A. | Both A and R are true and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» C. A is true, but R is false | |
| 47. |
Direction: In the question given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Motivation is the core of management. Reason (R) Through motivation, managers can inspire then subordinates to give their best to the organisation. Codes |
| A. | Both A and R are true and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» B. Both A and R are true, but R is not the correct explanation of A | |
| 48. |
Direction: In the question given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Workers can chitchat in a canteen about the behaviour of the superior. Reason (R) Informal communication takes place without following the formal chain of command. Codes |
| A. | Both A and R are true and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» E. | |
| 49. |
Direction: In the question given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Grapevine leads to great rumours. Reason (R) Grapevine/Informal communication spreads slowly. Codes |
| A. | Both A and R are true and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» E. | |
| 50. |
Direction: In the question given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Leadership provides training to his subordinates only in special circumstances. Reason (R) It helps in rough succession process. Codes |
| A. | Both A and R are true and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» B. Both A and R are true, but R is not the correct explanation of A | |