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-3 section-7

Each section contains 100 MCQs on Business and Commerce .

Which of the following statements is not true relating to a Company?

A) It can sue and can be sued B) It has a separate legal entity C) It can be declared insolvent D) It has a perpetual succession

Discuss

Answer & Solution

Answer: Option C

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

A bill of lading is a/an:

A) Agreement between the shipping company and exporter B) Documentary proof of the importer's credit worthiness C) Document which certifies the receipts of goods by the shipping company D) Invoice issued by the counsel of importing company

Discuss

Answer & Solution

Answer: Option C

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

The shareholding of government in a government company should be:

A) 50% + 1 share B) 51% C) $$66\frac{2}{3}\% $$ D) 75%

Discuss

Answer & Solution

Answer: Option B

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

Which one of the following tests is not recommended for the top level positions?

A) Presentations B) Role plays C) Interviews D) Leaderless group discussions

Discuss

Answer & Solution

Answer: Option B

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

Which section of the Companies Act 2013 relates to allotment of corporate Identity number?

A) Section 7 (4) B) Section 7 (1) C) Section 7 (2) D) Section 7 (3)

Discuss

Answer & Solution

Answer: Option D

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

All transaction of International Monetary Fund are expressed at present in

A) Gold B) US Dollar C) SDR D) None of these

Discuss

Answer & Solution

Answer: Option C

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

A document giving detailed information of goods loaded onto a ship is

A) Indent B) Import order C) Letter of credit D) Bill of Landing

Discuss

Answer & Solution

Answer: Option D

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

Which of the following cannot sue third parties?

A) Sole proprietor B) Partners of partnership firm C) Company D) Unregistered firm

Discuss

Answer & Solution

Answer: Option D

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

The company may sell its shares through:

A) Stock Exchange B) Underwriters C) Self D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

From the following modes of international business, identify the mode which involves strategic alliance

A) Franchising B) Leasing C) Turnkey Project D) Joint venture

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