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-1 section-4

In which of the following years, the Bretton Woods Agreement was signed by the delegates from 44 nations which led to the establishment of the IMF?

A) 1940 B) 1952 C) 1944 D) 1957

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Answer & Solution

Answer: Option C

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An Informal Organization are

A) created by top management B) elastic/flexible C) displayed in the organizational chart D) Harmful in the achievement of goal of the organization

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Answer & Solution

Answer: Option B

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Which is not a characteristic of a private company?

A) The liability of the member is unlimited B) Independent legal entity C) No need to file return sheet with the registrar D) Shares are not transferred voluntarily

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Answer & Solution

Answer: Option A

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The first industrial policy of independent India was announced in . . . . . . . .

A) 1957 B) 2004 C) 1947 D) 1948

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Answer & Solution

Answer: Option D

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As per section 44 of the Competition Law, what is the penalty for making false statements or omission to furnish material information by any party?

A) Minimum penalty of Rs. 50 lakhs and Maximum up to Rs. 1 crore B) Minimum penalty of Rs. 25 lakhs and Maximum up to Rs. 1 crore C) Minimum penalty of Rs. 10 lakhs and Maximum up to Rs. 50 lakhs D) Minimum penalty of Rs. 5 lakhs and Maximum up to Rs. 50 lakhs E) Minimum penalty of Rs. 5 lakhs and Maximum up to Rs. 25 lakhs

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Answer & Solution

Answer: Option A

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Which one is not the objective of Public Sector in India:

A) To remove regional imbalances B) To give greater economic power to the state C) To provide a base for industrialisation D) To provide public service

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Answer & Solution

Answer: Option B

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Which of the following is the advantage of sole proprietorship?

A) Ease in formation B) Flexibility in operations C) Minimum regulations D) All of the above

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Answer & Solution

Answer: Option D

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The enterprise which is financed by annual appropriation from the Treasury and its estimates of expenditure and revenue are shown in the national budget is called:

A) Public corporation B) Government company C) Departmental undertakings D) Mixed ownership corporation

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Answer & Solution

Answer: Option C

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The organization in which of Authority runs in straight line is called:

A) Military Organization B) Committee Organization C) Function Organization D) Lateral Organization

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Answer & Solution

Answer: Option A

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The Business Organization is

A) Art B) Science C) Both Art and Science D) None of these

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Answer & Solution

Answer: Option C

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