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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-7 section-2

Each section contains 100 MCQs on Business and Commerce .
61
___________ is a substitute for a companys signature.
Discuss
Answer & Solution
Answer: Option C
Solution:
Common Seal is a substitute for a companys signature. Common Seal is the official signature of the company and each company shall have only one seal, on its incorporation. It is to be used in the manner prescribed in the Articles of Association and the Companies Act, 2013.
62
Control of management of the company mainly vests in __________.
Discuss
Answer & Solution
Answer: Option A
Solution:
Control of management of the company mainly vests in equity shareholders. Equity shares represent the ownership of a company and capital raised by the issue of such shares is known as ownership capital or owner's funds. They are the foundation for the creation of a company.
63
Public deposits obtained by a company means __________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Public deposits obtained by a company means deposits received from public at large. Any member of the public can fill up the prescribed form and deposit the money with the company.
64
__________ were the pioneers of the co-operative movement.
Discuss
Answer & Solution
Answer: Option B
Solution:
Rochdale Society of Equitable Pioneers were the pioneers of the co-operative movement.
65
The surplus generated by co-operatives is distributed in the form of ____________.
Discuss
Answer & Solution
Answer: Option D
Solution:
The surplus generated by co-operatives is distributed in the form of Dividend and bonus. A dividend is a payment made by a co-operatives to its members, usually as a distribution of profits. society divide bonus among its members in proportion to the volume of business done with the society by them.
66
New issue market is an integral part of the ___________.
Discuss
Answer & Solution
Answer: Option B
Solution:
New issue market is an integral part of the capital market. The most important type of capital market is the primary market. It is what we call the new issue market. It exclusively deals with the issue of new securities, i.e. securities that are issued to investors for the very first time.
67
Contango charge is paid by __________.
Discuss
Answer & Solution
Answer: Option A
Solution:
Contango charge is paid by bull speculator to bear speculator. When the spot price is higher than the futures price, the market is said to be in backwardation. It is often called 'normal backwardation' as the futures buyer is rewarded for risk he takes off the producer. If the spot price is lower than the futures price, the market is in contango".
68
In India there are __________ recognized stock exchanges at present.
Discuss
Answer & Solution
Answer: Option D
Solution:
As of now there are 23 SEBI approved Stock Exchanges in the country. Stock market is managed and regulated by the Securities and Exchange Board of India (SEBI). Indian stock exchanges may refer to the 18 official stock exchanges located in India, the largest of which are the NSE and BSE.
69
A firm which outsources its works requires ___________.
Discuss
Answer & Solution
Answer: Option B
Solution:
A firm which outsources its works requires less employees. Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff.
70
When a right to purchase securities is acquired it is know as ________.
Discuss
Answer & Solution
Answer: Option A
Solution:
A call option is the right (not obligation) to buy stock in the future at a fixed price and a put option is the right (not obligation) to sell