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-7

For process of organisation analysis of activity, analysis of decisions, analysis of relationship was recommended:

A) Peter F. Drucker B) F. W. Taylor C) Kuntz and O. Neumann D) W. H. Neumann

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Answer & Solution

Answer: Option A

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Business organization motivates-

A) Tax evasion B) Adulteration of products C) Skill D) Price increase

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Answer & Solution

Answer: Option C

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Which of the following statement is correct?

A) Business is a non-economic activity B) Participation in tournaments by the college cricket team is business C) Efficient business organization is needed to check price rise D) Profit making is not the aim of the business organization

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Answer & Solution

Answer: Option C

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Indicate the ground on which a complaint under the Consumer Protection Act, 1986, shall be invalid.

A) A product having short weight B) A service provided free of cost C) A misleading advertisement given in newspaper D) None of the above

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Answer & Solution

Answer: Option B

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Which of the following statement is wrong?

A) The minimum number of partners in a partnership is four B) The maximum number of partners in a partnership can be up to 20 C) Sole proprietorship is the oldest form of business organization D) Registration of partnership is optional

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Answer & Solution

Answer: Option A

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Social responsibility of a business does not include:

A) optimum utilisation of scarce resources B) generating employment opportunities C) obligation to pay dividend D) decentralisation of economic power

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Answer & Solution

Answer: Option D

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Which of the following is true about India Trade Policy (Export-Import), 2015-2019?
1. Doubling the exports (both merchandise and services)
2. Achieve 3.5% share in global exports
3. Introduced two new schemes (MEIS and SEIS)
4. Introduced simplified Aayat-Niryat Form
Choose the correct answer from the following:

A) 1 and 2 only B) 1 and 3 only C) 1, 2 and 3 only D) All are correct

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Answer & Solution

Answer: Option D

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The minimum number of directors in a public limited company is:

A) 2 B) 3 C) 7 D) 10

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Answer & Solution

Answer: Option B

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Which of the following is not a principle of business forecasting?

A) Probability Theory B) Action-Reaction Theory C) Historical experience Theory D) Time lapse Theory

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Answer & Solution

Answer: Option A

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A private company:

A) Prohibits the right to transfer shares B) Restricts the right to transfer debentures C) Restrict invitation to public for deposits D) Restrict the right to transfer shares

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Answer & Solution

Answer: Option D

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