Business and Commerce MCQ Questions and Solutions with Explanations | Commerce

Direction: The following question consists of two statements.
One is labeled as Assertion (A) and the other as Reason (R). You have to examine both the statements carefully and decide whether Assertion (A) and Reason (R) separately are true and if so, the reasoning statement is the correct explanation. Mark these items on the answer sheet.
Assertion (A): Social responsibility of business is an idea which cannot be put into action in most of the professions.
Reason (R): There are no standards by which the extent of responsibility of each segment of the society can be measured.

The order for import of goods is called:

Match the following countries with the types of Double Taxation Avoidance Agreement signed by India with them:

Country	Type of Agreement
a. Austria	1. Limited Agreement
b. Bahamas	2. Comprehensive Agreements
c. Lebanon	3. Comprehensive Agreements/Limited Multilateral Agreement
d. Sri Lanka	4. Tax Information Exchange Agreement

Choose the correct option:

Shipping order is issued by:

In sole proprietorship business the liability of the sole proprietor is:

Environment degeneration does not consist of:

Written statements of organizational purpose are called

The 'Scalar principle' of organisation implicitly lays down that:

NRI's can now invest in the equity capital of an export oriented Indian company up to:

Liability of sole proprietorship-