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-6

Each section contains 100 MCQs on Business and Commerce .

The registration for a joint stock company is

A) Mandatory B) Optional C) Mandatory for private company D) None of the above

Discuss

Answer & Solution

Answer: Option A

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

A 'Letter of Credit' is produced by

A) an exporter B) an importer C) custom authorities D) shipping company

Discuss

Answer & Solution

Answer: Option B

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

Which of the following statements is not correct relating to comparison of FDI with trade?

A) Only one market can better be served with differentiated products B) FDI overcomes tariff and transport cost involved in trade C) It reduces financial risk through greater diversification D) It creates harmonious political relations

Discuss

Answer & Solution

Answer: Option A

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

Partnership must have at least

A) 3 B) 2 C) 10 D) 20

Discuss

Answer & Solution

Answer: Option B

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

The group sale of shares in public sector undertakings is called private offer in stock exchanges or investment groups

A) Direct selling B) Stock offer C) International bidding D) None of the above

Discuss

Answer & Solution

Answer: Option B

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

Filing is:

A) An office equipment B) Record keeping C) Modern aid to office management D) None of these

Discuss

Answer & Solution

Answer: Option B

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

Duty levied on the value of goods imported is referred to as

A) Ad valorem Duty B) Compound Duty C) Specific Duty D) Import Duty

Discuss

Answer & Solution

Answer: Option A

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

What is included in Re-export business

A) Export of goods B) Import of goods C) Neither import nor export D) Export of imported goods and services

Discuss

Answer & Solution

Answer: Option D

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

Import procedure begins with

A) Indent B) Mate's certificate C) Shipping order D) Marine insurance

Discuss

Answer & Solution

Answer: Option A

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

100

Which one of the following is not a principle of business organization?

A) Principle of purpose B) Principle of Efficiency C) Principle of division of labour D) Principle of profit

Discuss

Answer & Solution

Answer: Option D

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