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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-1 section-3

Each section contains 100 MCQs on Business and Commerce .
1
SEBI stands for _________.
Discuss
Answer & Solution
Answer: Option C
Solution:
The Securities and Exchange Board of India (SEBI) is the regulator of the securities and commodity market in India owned by the Government of India. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.
2
The person who deals in shares, debentures as independent operators are called as _________.
Discuss
Answer & Solution
Answer: Option B
Solution:
The person who deals in shares, debentures as independent operators are called as jobbers. Jobbers are security merchants dealing in shares, and debentures as independent operators. They buy and sell securities on their own behalf and try to earn through price changes.
3
Office is to a business what the mainspring is to watch by ____________.
Discuss
Answer & Solution
Answer: Option A
Solution:
Office is to a business what the mainspring is to watch by G R Terry. G.R. Terry defines office layout as “the determination of the space.
4
Which is the first procedure for dealing at stock exchange?
Discuss
Answer & Solution
Answer: Option B
Solution:
Selection of broker is the first procedure for dealing at stock exchange.
5
The preference shares which cannot be converted into equity shares are __________ preference shares.
Discuss
Answer & Solution
Answer: Option D
Solution:
The preference shares which cannot be converted into equity shares are non-convertible preference shares.
6
Fixed capital is also called as _________.
Discuss
Answer & Solution
Answer: Option A
Solution:
Fixed capital is also called as blocked capital. Fixed capital includes the assets and capital investments—such as property, plant, and equipment (PP&E)—that are needed to start up and conduct business, even at a minimal stage.
7
A representative firm works under __________ conditions.
Discuss
Answer & Solution
Answer: Option A
Solution:
A representative firm works under average conditions. Representative firm must be one which has had a fairly long life, and fair success, which is managed with normal ability, and which has normal access to the economies, external and internal, which belong to that aggregate volume of production; account being taken of the class of goods produced, the conditions of marketing them and the economic environment generally.
8
Which shareholders are the real owners of the company?
Discuss
Answer & Solution
Answer: Option A
Solution:
Equity shareholders are the real owners of the company. 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.
9
The first organized stock exchange was set up in the year __________.
Discuss
Answer & Solution
Answer: Option A
Solution:
The first organized stock exchange was set up in the year 1887. A number of stock brokers who geared up themselves, set up a voluntary organization in 1887.
10
The first stock exchange in the world is _________.
Discuss
Answer & Solution
Answer: Option C
Solution:
The first stock exchange in the world is London stock exchange. London Stock Exchange is one of the world's oldest stock exchanges and can trace its history back to 1571. London Stock Exchange Group was created in October 2007 when London Stock Exchange merged with Milan Stock Exchange, Borsa Italiana.