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-6 section-4

Each section contains 100 MCQs on Business and Commerce .

The organisation structure where there is direct vertical relationship is called:

A) Line organisation B) Chain organisation C) Command organisation D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

Name the form of business organisation whose manager is known as 'Karta'.

A) Public Corporation B) Joint Stock company C) Joint Hindu Family D) Partnership

Discuss

Answer & Solution

Answer: Option C

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

The exhaustive industry is also known as:

A) Genetic industry B) Extraction industry C) Manufacturing industry D) Secondary industry

Discuss

Answer & Solution

Answer: Option B

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

A Government company is established under:

A) a special Act of Parliament B) a special Act of any State C) the Companies Act. 1956 D) special orders of the Court

Discuss

Answer & Solution

Answer: Option C

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

Which one of the following is not the basic principle of cooperation:

A) One member one vote B) All for one and one for all C) One share one vote D) No profit No loss

Discuss

Answer & Solution

Answer: Option C

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

The entire ship is taken on hire, which of the document is issued by the Shipping Company?

A) Charter Party B) Railway Receipt C) Bill of Lading D) Mate's Receipt

Discuss

Answer & Solution

Answer: Option A

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

A small service enterprise is

A) Where the appropriation exceeds Rs. 10 lakh but does not exceed Rs. 2 crore B) Where the appropriation exceeds Rs. 10 lakh but does not exceed Rs. 1 crore C) Where the appropriation is between Rs. 25 lakh to Rs. 1 crore D) Where the appropriation exceeds Rs. 1 crore but does not exceed Rs. 5 crore

Discuss

Answer & Solution

Answer: Option A

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

Staff function are those which . . . . . . . .

A) Do not have direct responsibility for accomplishing the objectives of the organization B) Are secondary in character C) Are of advisory character D) All are correct

Discuss

Answer & Solution

Answer: Option D

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

Commercial risks covered by the Export, Credit and Guarantee Corporation of India do not include the risk caused by

A) insolvency of the buyer B) war in the buyer's country C) buyer's failure to accept the goods D) buyer's protracted default to pay

Discuss

Answer & Solution

Answer: Option B

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

A private company:

A) Can be converted into a public company by passing special resolution and changing articles B) Can be converted into a public company by obtaining consent of Central Government C) Can be converted into a public company by A and B both above D) Cannot be converted into a public company

Discuss

Answer & Solution

Answer: Option C

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