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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-6 section-3

Each section contains 100 MCQs on Business and Commerce .
51
Questionnaire method is used for collecting ___________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Questionnaire method is used for collecting primary data. The questionnaire is the main instrument for collecting data in survey research. Basically, it is a set of standardized questions, often called items, which follow a fixed scheme in order to collect individual data about one or more specific topics. Sometimes questionnaires are confused with interviews.
52
Registration of a partnership is ____________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Registration of a partnership is voluntary. In India, there is no need to register a partnership deed. This is the short answer, as specified under part VII of the Indian Partnership Act, 1932.
53
Security merchants dealing in shares, independent operators are called ___________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Security merchants dealing in shares, independent operators are called Jobber. They buy and sell securities on their own behalf and try to earn through price changes. Jobbers cannot deal on behalf of public and are barred from taking commission.
54
External oral communication is passed on with the help of _________ mechanical device.
Discuss
Answer & Solution
Answer: Option B
Solution:
External oral communication is passed on with the help of Telephone mechanical device.
55
Franking machine is used in __________.
Discuss
Answer & Solution
Answer: Option A
Solution:
Franking machine is used in bank. The franking machine calculates the correct postage automatically, which includes the Royal Mail discounted cost for franking machine users.
56
Much popular computers are __________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Much popular computers are digital. Digital computer is the computer which is electrical as well as digital.
57
The method of evaluating the efficiency of workers is termed as _________.
Discuss
Answer & Solution
Answer: Option A
Solution:
The method of evaluating the efficiency of workers is termed as merit rating. Merit Rating is also known as performance appraisal or performance evaluation. It is a systematic process for measuring the performance of the employees in terms of job requirements.
58
When at least 51% shares are in the hands of government, it is called as __________.
Discuss
Answer & Solution
Answer: Option B
Solution:
When at least 51% shares are in the hands of government, it is called as government company.
59
Shares traded through stock exchanges are called __________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Shares traded through stock exchanges are called secondary market. This is the market wherein the trading of securities is done. Secondary market consists of both equity as well as debt markets.
60
The financial market for short term funds is known as __________.
Discuss
Answer & Solution
Answer: Option B
Solution:
The financial market for short term funds is known as money market. Money market trades in short-term financial instruments commonly called "paper". This contrasts with the capital market for longer-term funding, which is supplied by bonds and equity.