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-7 section-4

If a partnership firm is not registered, it cannot:

A) carry on business B) earn profit C) claim against third party D) assume firm's name

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Answer & Solution

Answer: Option C

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Foreign bank draft is used

A) Domestic trade B) Local trade C) Foreign trade D) All of the above

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Answer & Solution

Answer: Option C

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Section 2 (62) of the Companies Act, 2013 is related to

A) Objects clause B) 'One person' Company C) Name clause D) Capital clause

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Answer & Solution

Answer: Option B

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Who among the following has given Absolute Advantage Model of international trade?

A) Adam Smith B) David Recardo C) Hackscher Ohlin D) William Petty

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Answer & Solution

Answer: Option A

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Given below are two statements. One is labelled Assertion (A) and the other is labelled as Reason (R).
Assertion (A): Self help by mutual help is feature of cooperation.
Reason (R): The ultimate aim of cooperation is the production of fine human being and not the production of rich goods.
In the light of the above statement s choose the correct answer from the option given below

A) Both A and R are true and R is the correct explanation of A B) Both A and R are true but R is not correct explanation of A C) A is true but R is false D) A is false but R is true

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Answer & Solution

Answer: Option A

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Which form of business organization is best from the point of view of secrecy.

A) Sole proprietorship business B) Company C) Partnership D) Cooperative society

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Answer & Solution

Answer: Option A

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The most suitable form of business organization for the weaker section is

A) Partnership firm B) Cooperative society C) Sole proprietorship D) Joint capital company

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Answer & Solution

Answer: Option B

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The ideology which is inappropriate for the higher position of the organization. These are-

A) Traditional ideology B) Modern ideology C) Neo-traditional ideology D) None of these

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Answer & Solution

Answer: Option C

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A Government company is a company:

A) Where a minimum of 51% of the paid up capital is owned by the government B) Where a minimum of 50% of the authorised capital is owned by the government C) Where a minimum of 50% of the issued capital is owned by the government D) Where 100% paid up capital is owned by the government

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Answer & Solution

Answer: Option A

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'Decision Tree' in a business unit:

A) Improves organisational effectiveness B) Reduces the workload of employees C) Enhances worker's participation in management D) None of the above

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Answer & Solution

Answer: Option A

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