Business and Commerce MCQ Questions and Solutions with Explanations

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-4

In the eyes of law, a private company will be deemed to be a public company, if

A) its membership increases beyond seven B) its paid-up capital becomes more than Rs. 50 lakhs C) its directions fail to take up qualifying shares within specified period D) more than 25% of its paid-up share capital is held by a body corporate

Discuss

Answer & Solution

Answer: Option D

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

A public sector enterprise is an enterprise:

A) Where the controlling interest is in the hands of the government B) Where the functions are not merely confined to the maximisation of profits C) Where they are governed by the public or social interests D) Where all the three exist

Discuss

Answer & Solution

Answer: Option D

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

A public corporation is:

A) Created by a special act of Parliament B) Not as separate legal entity C) Not managed by a government nominated board of directors D) Set up under the Companies Act, 1956

Discuss

Answer & Solution

Answer: Option A

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

"One man control is the best in the world" is a statement of:

A) Haney B) Kimball and Kimball C) William R. Bassett D) F. W. Taylor

Discuss

Answer & Solution

Answer: Option C

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

A company is said to have been registered when

A) It files with the Registrar of Companies its Memorandum of Association and Articles of Association B) It gets incorporation certificate C) It gets certificate for commencement of business D) It actually starts its business

Discuss

Answer & Solution

Answer: Option B

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

Staff function refers to:

A) Those elements in the organisation which provide advice and service B) That part of managerial work which an executive assigns to someone outside the chain of command C) That counsel which is different from the function of authority D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

Quantitative import restrictions that limit the quantity of a product being imported is called

A) embargo B) quota C) trade restraint D) import tariff

Discuss

Answer & Solution

Answer: Option B

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

Nominal partner in a partnership firm is one who:

A) Contributes in the management B) Invests capital in the firm C) Does not invest capital and only sells his goodwill D) Is not known to outsiders as partner

Discuss

Answer & Solution

Answer: Option C

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

Clearing agent is appointed by whom?

A) By the shipping company B) By the customs officer C) Importer D) Exporter

Discuss

Answer & Solution

Answer: Option C

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

Which of the following statements are true?
1. Transaction exposure is inherent in all foreign currencies denominated contractual transactions
2. Translation exposure relates to the change in accounting income and balance sheet statements caused by change in exchange rate
3. Economic exposure has an impact on the valuation of a firm
4. Operating exposure does not have any impact on the firm's future operating revenues or future operating costs
Choose the correct option from those below:

A) 1 and 2 only B) 2 and 3 only C) 2 and 4 only D) 1, 2 and 3 only

Discuss

Answer & Solution

Answer: Option D

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