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-2 section-7

Each section contains 100 MCQs on Business and Commerce .

The traditional method of filing is

A) Box file B) Lever arch file C) Vertical file D) Lying file

Discuss

Answer & Solution

Answer: Option A

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

Conversion of raw material into finished product is the function of:

A) Commerce B) Industry C) Business D) Trade E) Auxiliary to trade

Discuss

Answer & Solution

Answer: Option B

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

Charter party is for

A) definite period of time B) definite voyage C) definite period of time or a definite voyage D) none of the above

Discuss

Answer & Solution

Answer: Option C

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

Unlimited liability is related to:

A) Joint stock company B) Co-operative society C) Sole proprietorship D) Charitable trust

Discuss

Answer & Solution

Answer: Option C

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

A partnership may come in to existence:

A) only by registration under Indian Partnership Act, 1932 B) only by written agreement among the partners C) by express or implied agreement among the partners D) by inheritance

Discuss

Answer & Solution

Answer: Option C

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

Which of the following is an instance of non-conventional dumping?

A) Sporadic dumping B) Predatory dumping C) Reverse dumping D) Persistent dumping

Discuss

Answer & Solution

Answer: Option C

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

Maximum number of partners prescribed in

A) Contracts Act B) Partnership Act C) Income Tax Act D) None of these

Discuss

Answer & Solution

Answer: Option D

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

Under the Trade Union Act 1926, how many minimum number of members are required for a trade union to be registered?

A) 5 B) 7 C) 9 D) 11

Discuss

Answer & Solution

Answer: Option B

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

Minimum number of members required for registration of a Co-operative Society is:

A) 2 B) 7 C) 10 D) 20

Discuss

Answer & Solution

Answer: Option C

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

A wholesaler as an intermediary is a link between

A) Manufacturer and Consumer B) Manufacturer and Stockist C) Manufacturer and Retailer D) Retailer and Customer

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