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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-8 section-2

Each section contains 100 MCQs on Business and Commerce .
71
Register of member is a __________.
Discuss
Answer & Solution
Answer: Option A
Solution:
Register of member is a statutory book. The statutory books of the company must be maintained and kept at the company’s registered office (or an alternative location notified to Companies House) where they can be inspected.
72
_________ firm enjoys lowest average cost of production.
Discuss
Answer & Solution
Answer: Option B
Solution:
Optimum firm enjoys lowest average cost of production.
73
__________ scale firms enjoy economies of scale.
Discuss
Answer & Solution
Answer: Option C
Solution:
Large scale firms enjoy economies of scale. A firm's efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale.
74
The primary objective of co-operative society is __________.
Discuss
Answer & Solution
Answer: Option A
Solution:
The primary objective of co-operative society is Service Motive. The main motive is to provide service to the members. It works on the principle of self help through mutual coop- eration of members
75
Industries are engaged in extracting and supplying products from earth ,air and water_________.
Discuss
Answer & Solution
Answer: Option A
Solution:
Industries are engaged in extracting and supplying products from earth ,air and water is known as Extractive Industries. Any processes that involve the extraction of raw materials from the earth to be used by consumers.
76
Providing fair returns to investors.
Discuss
Answer & Solution
Answer: Option A
Solution:
Providing fair returns to investors is Social objectives. Fair return on investment means a reasonable return on the investment of a public utility, determinable only by the exercise of sound judgment and common sense, being a matter of fair approximation, not capable of exact mathematical demonstration.
77
The term ________ is concerned with moral values.
Discuss
Answer & Solution
Answer: Option A
Solution:
The term Ethics is concerned with moral values. Ethics, also called moral philosophy, the discipline concerned with what is morally good and bad, right and wrong. The term is also applied to any system or theory of moral values or principles.
78
Business risks can be _________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Business risks can be reduced. Business owners need to take control of their companies, assess the risks inherent in both their firms and industries and determine how to best reduce these risks.
79
In case of dissolution of partnership, the business of the firm __________.
Discuss
Answer & Solution
Answer: Option A
Solution:
In case of dissolution of partnership, the business of the firm does not come to an end. Dissolution of partnership changes the mutual relations of the partners.
80
Earning Goodwill is _________ for business ethics.
Discuss
Answer & Solution
Answer: Option A
Solution:
Earning Goodwill is need for business ethics. Business ethics are required to protect the interest of employees, shareholders, competitors, dealers, suppliers, etc. It protects them from exploitation through unfair trade practices.