ExamVeda
Login
Home

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-5 section-2

Each section contains 100 MCQs on Business and Commerce .
41
The maximum number of members in case of private limited company is _________.
Discuss
Answer & Solution
Answer: Option D
Solution:
In case of private companies, the maximum limit has been increased by the new Companies Act, 2013 from 50 to 200. There is however no maximum limit on the no. of members in a public company.
42
The moral beliefs held by an individual.
Discuss
Answer & Solution
Answer: Option A
Solution:
The moral beliefs held by an individual is known as Values. Moral values are usually communal and shared by the public in general, thus if there is no agreement among community members no moral values will be established.
43
Ethics is derived from the Greek word.
Discuss
Answer & Solution
Answer: Option A
Solution:
Ethics is derived from the Greek word ethos. The term ethics is derived from the Greek word ethikos which itself is derived from the Greek word ethos, meaning custom or character. In philosophy, ethical behavior is that which is “good.” The field of ethics or moral philosophy involves developing, defending, and recommending concepts of right and wrong behavior.
44
The interests and rights of customers are given top priority.
Discuss
Answer & Solution
Answer: Option A
Solution:
The interests and rights of customers are given top priority in The Vendor Model. A number of vendors produce and sell products that are designed to support credit-risk measurement and management functions within financial institutions. Such products may comprise risk measurement models, data, or systems developed by external commercial entities.
45
The oldest form of business organization is _________.
Discuss
Answer & Solution
Answer: Option B
Solution:
The oldest form of business organization is sole proprietorship. When the ownership and management of a business are in control of one individual the form of business is called sole proprietorship.
46
Partnership may come into existence __________.
Discuss
Answer & Solution
Answer: Option C
Solution:
Partnership may come into existence by an express or implied agreement only.
47
Registration of partnership is ________.
Discuss
Answer & Solution
Answer: Option A
Solution:
Registration of partnership is optional under Indian partnership act. Registration of partnership firm may be done at any time – before starting a business or anytime during the continuation of partnership.
48
The most important advantage of a joint stock company form of business organization is that _________.
Discuss
Answer & Solution
Answer: Option B
Solution:
The most important advantage of a joint stock company form of business organization is that members can conveniently transfer their shares. The shares of a company are transferable. Also, in the case of a listed public company they can also be sold in the market and be converted to cash.
49
In the co-operative organization, the voting rights of members are __________.
Discuss
Answer & Solution
Answer: Option B
Solution:
In the co-operative organization, the voting rights of members are equal, irrespective of amount of capital contribution.
50
Localized materials are available at _________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Localized materials are available at certain places.