Business and Commerce MCQ Questions and Solutions with Explanations

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Business and Commerce MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Business and Commerce MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-4

Each section contains 100 MCQs on Business and Commerce .

The forms of business organization are

A) Single business B) Partnership C) Company D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Which country has the largest share in India's cumulative FDI inflows

A) America B) Britain C) Mauritius D) Japan

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Rationalization includes

A) Scientific management B) Prudent use of money only C) Sponsorship management D) All of the above

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Which of the following sanctions foreign exchange for import of goods?

A) Any nationalised bank in India B) Exchange Bank C) Reserve Bank of India D) Ministry of External Affairs, Government of India

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Association formed by mutual relation of persons is partnership

A) When it aims have to provide services for the welfare of humanity B) When its purpose is to do some charitable work C) When its objective is to carry on business for the purpose of earning profit D) All of the above

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

The organization map shows:-

A) Division of work B) Division of departments C) Relationship between superiors and subordinates D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Delhi Municipal Corporation is a:

A) Company B) Firm C) Local authority D) None of these

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

A blueprint of the formal organisation indicating the line of authority within the organisation is known as

A) Management Chart B) Authority Chart C) Organisation Chart D) Formal Chart

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which one among the following is not correct?

A) IMF's headquarters is in Washington, D.C. B) IMF has 198 countries as its members C) IMF is an outcome of the Bretton Woods Conference D) IMF was found on 7^th July, 1944

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

100

An importer cannot take delivery of the goods unless he presents it

A) Test permit B) Certificate of origin C) Bill of lading D) Shipping bill

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

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Business and Commerce MCQ Questions and Solutions with Explanations | Commerce