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Business and Commerce MCQ Questions and Solutions with Explanations | Commerce

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-3 section-3

Each section contains 100 MCQs on Business and Commerce .
21
Fish culture should be classified as __________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Fish culture should be classified as genetic industry. Genetic industries are concerned mainly with producing - breeding or multiplying of certain species of plants or animals with the object of earning profits from their sale.
22
The agent of brokers who obtain business for them are _________.
Discuss
Answer & Solution
Answer: Option A
Solution:
The agent of brokers who obtain business for them are remesiers. The remesier, an agent of the broker, is primarily involved in getting business in securities on a commission basis.
23
LIC of India is an example of __________.
Discuss
Answer & Solution
Answer: Option C
Solution:
LIC of India is an example of public corporation. LIC of India was incorporated on 1st September, 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956.
24
When an existing company offers its shares for sale to the existing shareholders, it is known as ___________.
Discuss
Answer & Solution
Answer: Option C
Solution:
When an existing company offers its shares for sale to the existing shareholders, it is known as rights issue. A rights issue is a way by which a listed company can raise additional capital. However, instead of going to the public, the company gives its existing shareholders the right to subscribe to newly issued shares in proportion to their existing holdings.
25
Which of the speculator applies for new issues with a view to prompt resale?
Discuss
Answer & Solution
Answer: Option A
Solution:
Bull applies for new issues with a view to prompt resale.
26
A capital intensive enterprise requires __________.
Discuss
Answer & Solution
Answer: Option B
Solution:
A capital intensive enterprise requires less employees. Capital intensive refers to business processes or industries that require large amounts of investment to produce a good or service, and therefore have a high percentage of fixed assets (property, plant, and equipment (PP&E)).
27
Mimeograph is a ___________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Mimeograph is a method of photocopying. Mimeograph, also called stencil duplicator, duplicating machine that uses a stencil consisting of a coated fibre sheet through which ink is pressed.
28
Xerography is a process of ___________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Xerography is a process of blue printing. Xerography is standard copy machine technology using toner on bond paper. When large size xerography machines became available, c. 1975, they replaced the older printing methods.
29
Memory unit performs the function of ___________.
Discuss
Answer & Solution
Answer: Option D
Solution:
Memory unit performs the function of storing the data. This unit can store instructions, data, and intermediate results. This unit supplies information to other units of the computer when needed. It is also known as internal storage unit or the main memory or the primary storage or Random Access Memory (RAM).
30
Stationary layout is suitable for manufacturing ___________.
Discuss
Answer & Solution
Answer: Option C
Solution:
Stationary layout is suitable for manufacturing bulky products. In case of production of large variety of non-standardized products, process layout is ideal.