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AccountingCommerce MCQs

( Best 100+ )MANAGENT ACCOUNTING Question And Answers

by Mr. DJ 24/06/2021
written by Mr. DJ

MANAGENT ACCOUNTING Question And Answers

MANAGENT ACCOUNTING Question And Answers

Best MANAGENT ACCOUNTING Question And Answers

  1. What is financial accounting?

Answer:- Financial accounting is the process of recording, summarizing and reporting the monetary transactions resulting from business operations over a period of time. These transactions are summarized in the preparation of financial statements, including the balance sheet, income statement and cash flow statement, that record the company’s operating performance over a specified period.

  1. Define management accounting.

Answer:- Management accounting is presentation of analysis of business activities to the internal management to facilitate decision making.

  1. Mention any two limitations of financial accounting.

Answer:- Supplies Insufficient Information, Controlling Cost not Possible, Historic in nature, Recording Actual Cost, Difficulty in Price Fixation

4. What is cost accounting?

Answer:- Cost accounting is the process of recording, classifying, analyzing, summarizing, and allocating costs associated with a process, and then developing various courses of action to control the costs.

  1. Mention any two limitations of cost accounting.

Answer:- Cost Accounting has certain limitations. Important among them are as follows:

a)Based on estimates, b)Lack of uniformity, c)Many conventions, d)Expensive, e)Result requires reconciliation.

  1. Mention any five tools used in management accounting.

Answer:- Financial statement analysis, cost accounting, fund flow analysis, cash flow analysis, standard costing, marginal costing, budgetary control.

  1. What are the types of accounting?

Answer:- Types of Accounting are Financial Accounting, Managerial Accounting, Cost Accounting.

  1. List any five accounting concepts.

Answer:- 1. Business Entity Concept 2. Going Concern Concept 3. Money Measurement Concept (Monetary Expression) 4. Cost Concept 5. Accounting Period Concept 6. Dual Aspect Concept 7. Matching Concept 8. Realisation Concept 9. Balance Sheet Equation Concept 10. Verifiable and Objective Evidence Concept.

  1. What is going concern concept?

Answer:- The going concern assumption is a basic underlying assumption of accounting. For a company to be a going concern, it must be able to continue operating long enough to carry out its commitments, obligations, objectives, and so on. In other words, the company will not have to liquidate or be forced out of business.

  1. What is business entity concept?

Answer:- The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses. This entity states that business is separate from its owners. The owners are treated as Financier eligible for profit or loss in the business.

Read 200+Best Management Accounting MCQ

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Commerce MCQs

Emerging Modes of Business MCQ ( Best 20+ )

by Mr. DJ 20/06/2021
written by Mr. DJ

Emerging Modes of Business MCQ with Answer

Students who are searching for NCERT MCQ Questions for Class 11 Business Studies Chapter 5 Emerging Modes of Business MCQ with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Business Studies with Answers. You can also verify your answers from our provided Emerging Modes of Business Class 11 MCQs Questions with Answers. So, ace up your preparation with MCQ on Emerging Modes of Business Class 11 Objective Questions. Join our Telegram Channel

Emerging Modes of Business MCQ with Answer

Emerging Modes of Business MCQ with Answer

Question  1.
Selling electronic goods through Flipkart or eBay.com is a __________ type of e-business transaction.
(a) B2B Activities
(b) C2C Activities
(c) C2B Activities
(d) B2C Activities

Answer: (b) C2C Activities

Question  2.
B2C variant of e-commerce enables a business to be in touch with its_______
(a) Managers
(b) Customers
(c) Creditors
(d) Employees

Answer: (b) Customers

Question  3.
Question  Expand VPN
(a) Virtual Public Network
(b) Virtual Popular Network
(c) Virtual Private Network
(d) Virtual Personal Network

Answer: (c) Virtual Private Network

Question  4.
The use of EDI (Electronic Data Interchange) technology to send and receive commercial documents like purchase order etc is an example of
(a) B2B
(b) C2C
(c) B2C
(d) Intra B

Answer: (a) B2B

Question  5.
__________ refers to contracting out some of its activities to a third party which was earlier performed by the organisation.
(a) Outsourcing
(b) BPO
(c) E-Commerce
(d) E-Banking

Answer: (a) Outsourcing

Question  6.
Factoring is _____type of outsourcing service.
(a) Financing
(b) Advertising
(c) Courier service
(d) Customer support

Answer: (a) Financing

Question  7.
Both Sellers and buyers are business firms, under ___________ type of e-commerce transaction.
(a) B2C Commerce
(b) C2B Commerce
(c) C2C Commerce
(d) B2B Commerce

Answer: (d) B2B Commerce

Question  8.
Which one of the following is NOT an example of transactional risk?
(a) Hacking
(b) Default on order taking
(c) Default on payment
(d) Default on delivery

Answer: (a) Hacking

Question  9.
The annoyance in terms of some onscreen display
(a) Firms interaction with its customers
(b) Firms interaction with other business firms
(c) Firms interaction with its own departments
(d) None of the above

Answer: (a) Firms interaction with its customers

Question  10.
An important C2C area of interactive commerce can be the formation of _______
(a) Consumers forum and pressure group
(b) B2B Commerce
(c) Banking
(d) Insurance

Answer: (a) Consumers forum and pressure group

Question  11.
Which of the following is a limitation of e-business?
(a) Ethical fallouts
(b) Risk
(c) Low personal touch
(d) All of the above

Answer: (d) All of the above

Question  12.
It is not an application of e-business
(a) Online bidding
(b) Online procurement
(c) Online trading
(d) Contract R&D

Answer: (d) Contract R&D

Question  13.
Formation of Consumers Forum and Pressure groups is an example of
(a) C2C
(b) B2B
(c) B2C
(d) Intra BAnswer: (a) C2C

Question  14.
Principle types of outsourcing services are:
(a) Courier service
(b) Advertising
(c) Financing
(d) All of the above

Answer: (d) All of the above

Question  15.
____ transactions have business firms at one end and its customers on the other end.
(a) C2C Commerce
(b) B2B Commerce
(c) B2C Commerce
(d) C2B Commerce

Answer: (c) B2C Commerce

Question  16.
Online buying and selling shares and other financial instruments is known as ____
(a) E-Procurement
(b) E-Auction
(c) E-Delivery
(d) E-Trading

Answer: (d) E-Trading

Question  17.
______ is very much reality which provides the consumers with the freedom of shopping at will.
(a) C2C Commerce
(b) B2C Commerce
(c) B2B Commerce
(d) C2B Commerce

Answer: (d) C2B Commerce

Question  18.
Which of the following is NOT a disadvantage of outsourcing?
(a) Quest for excellence
(b) Confidentiality
(c) Sweat shopping
(d) Ethical fall out

Answer: (a) Quest for excellence

Question  19.
Historically, the term e-commerce originally meant the facilitation of __________ transactions using Electronic Data Interchange (EDI) technology to send and received commercial documents like purchase orders or invoices.
(a) C2B Commerce
(b) C2C Commerce
(c) B2B Commerce
(d) B2C CommerceAnswer: (c) B2B Commerce

Question  20.
India is the preferred destination for BPO because of ____________
(a) Cheap People
(b) Tax Free Zone for BPOs
(c) Poor conditions
(d) Cheap Manpower

Answer: (d) Cheap Manpower

Question  21.
Out of e-commerce and e-business, which is a broader term?
(a) Both e-business and e-commerce are the same thing
(b) E-commerce
(c) E-business
(d) None of the above

Answer: (c) E-business

Question  22.
A Call Center handles
(a) Both customer-facing and back end business
(b) Only out-bound voice-based business
(c) Only in-bound voice-based Business
(d) Both voice-based and non-voice based business

Answer: (a) Both customer-facing and back end business

Question  23.
A firm’s interactions with its employees sometimes referred to as _______
(a) B2D Commerce
(b) B2F Commerce
(c) B2E Commerce
(d) B2M Commerce

Answer: (c) B2E Commerce

 

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Commerce MCQs

Business Services MCQ with Answers ( Best 20+ MCQs )

by Mr. DJ 16/06/2021
written by Mr. DJ

Business Services MCQ with Answers

Students who are searching for NCERT MCQ Questions for Class 11 Business Studies Chapter 4 Business Services with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Business Studies with Answers. You can also verify your answers from our provided Business Services Class 11 MCQs Questions with Answers. So, ace up your preparation with MCQ on Business Services Class 11 Objective Questions. Join Our Telegram Channel

Business Services MCQ with Answers

Business Services MCQ with Answers – Gk By Mr. DJ

Question  1.
_____ arrangement by which a bank allows its customer to borrow money up to the specified limit.
(a) Cash Credits
(b) Pass Book
(c) Cash Book
(d) Account Payee

Answer: (a) Cash Credits

Question  2.
Insurance is a contract between _________ and ________
(a) Insurer, insured
(b) Agent, insurance
(c) Insured, insurance
(d) Insurer, family

Answer: (a) Insurer, insured

Question  3.
A person gets his stock worth Rs. 50,000 insured for Rs. 70,000. A fire occurs and the whole stock gets damaged. The Insurance Company admits a claim of Rs. 50,000 only and not Rs. 70,000. Identify the principle of insurance being applied?
(a) Principle of Indemnity
(b) Principle of Insurable Interest
(c) Principle of Subrogation
(d) Principle of Contribution

Answer: (a) Principle of Indemnity

Question  4.
In which year Insurance Act was amended in India?
(a) 1940
(b) 1928
(c) 1938
(d) 1945

Answer: (c) 1938

Question  5.
Which of the following is not applicable in life insurance contracts?
(a) Indemnity contract
(b) Unilateral contracts
(c) Conditional Contracts
(d) None of the above

Answer: (a) Indemnity contract

Question  6.
In which year Children’s Money Back plan was introduced?
(a) 1985
(b) 1988
(c) 1995
(d) 1989

Answer: (c) 1995

Question  7.
It is a type of saving bank account in which excess of a particular limit gets automatically transferred to a fixed deposit account.
(a) Multiple deposit option account
(b) Current account
(c) Recurring deposit account
(d) Salary account

Answer: (a) Multiple deposit option account

Question  8.
________ banks are included in the second schedule of RBI.
(a) Scheduled
(b) State
(c) Commercial
(d) Corporation

Answer: (a) Scheduled

Question  9.
Bankers are not only dealers of money but also leaders in
(a) Industry development
(b) Service development
(c) Trade development
(d) Economic development

Answer: (d) Economic development

Question  10.
In which year Crop Insurance scheme was introduced in India?
(a) 1978-79
(b) 1985-86
(c) 1948-49
(d) 1990-91

Answer: (b) 1985-86

Question  11.
From the following which of these is covered under Marine Insurance?
(a) Whole Life policy
(b) Liability Insurance
(c) Endowment policy
(d) Act only

Answer: (b) Liability Insurance

Question  12.
The fee charged by the insurer on account of providing services is called
(a) Premium
(b) Profit
(c) Dividend
(d) Instalment

Answer: (a) Premium

Question  13.
Which of the following is covered under the life Assurance policy?
(a) Money Back Policy
(b) Declaration policy
(c) Act only
(d) Cargo Insurance

Answer: (a) Money Back Policy

Question  14.
Which of the following is not a function of General Insurance?
(a) Risk sharing
(b) Assist in capital formation
(c) Cattle insurance
(d) None of the above

Answer: (c) Cattle insurance

Question  15.
Which bank is known as Apex Bank of India?
(a) The Reserve Bank of India
(b) The State Bank of India
(c) The Central Bank
(d) The Bank of India

Answer: (a) The Reserve Bank of India

Question  16.
The study of communication through touch is ________
(a) Chronemics
(b) Haptics
(c) Proxemics
(d) Semantics

Answer: (b) Haptics

Question  17.
Its main function is to control and coordinate the currency and credit policies of our country. Identify the institution mentioned here.
(a) The Reserve Bank of India
(b) The State Bank of India
(c) The Central Bank
(d) The Bank of India

Answer: (a) The Reserve Bank of India

Question  18.
This category of the cheque is to be deposited only in the payee’s account.
(a) Crossed Cheque
(b) Bearer Cheque
(c) Both Crossed Cheque and Bearer Cheque
(d) None of the above

Answer: (a) Crossed Cheque

Question  19.
Which of the following contained one of the earliest applications of insurance principles?
(a) Napoleonic Code
(b) Magna Carta
(c) Code of Hammurabi
(d) Charter of London

Answer: (c) Code of Hammurabi

Question  20.
Which of the following element is present in the case of Life Insurance?
(a) Security, Investment
(b) Security
(c) Investment
(d) Profit

Answer: (a) Security, Investment

Question  21.
The addition of the words___________ directs the banker to collect the cheque and credit the proceeds to the payee’s account.
(a) Manager
(b) Account payee
(c) Customers
(d) Bank

Answer: (b) Account payee

Question  22.
Which of the following has the largest number of branches across India?
(a) Postal offices
(b) Banks
(c) SBI
(d) Insurance companies

Answer: (a) Postal offices

Question  23.
Overdraft Facility is available on
(a) Current deposit account
(b) Recurring Deposits
(c) Saving Deposit Account
(d) Fixed deposits

Answer: (a) Current deposit account

 

 

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Private Public and Global Enterprises MCQ ( Best 20+ MCQ )

by Mr. DJ 14/06/2021
written by Mr. DJ

Private Public and Global Enterprises MCQ

Students who are searching for NCERT MCQ Questions for Class 11 Business Studies Chapter 3 Private, Public and Global Enterprises with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Business Studies with Answers. You can also verify your answers from our provided Private, Public and Global Enterprises Class 11 MCQs Questions with Answers. So, ace up your preparation with MCQ on Private, Public and Global Enterprises Class 11 Objective Questions. Join Telegram Channel

Private Public and Global Enterprises MCQ

Private Public and Global Enterprises MCQ

Question 1.
The minimum number of members to form a public company is
(a) 5
(b) 21
(c) 12
(d) 7

Answer: (d) 7

Question 2.
_________ consists of business owned by individuals or a group of individuals
(a) Public Sector
(b) Private Sector
(c) Service Sector
(d) None of the above

Answer: (b) Private Sector

Question 3.
Reconstruction of sick public sector units is taken by
(a) BIFR (Board of Industrial and Financial reconstruction
(b) MOU (Memorandum of Understanding)
(c) FERA (Foreign Exchange Regulation Act)
(d) IDBI (Industrial Development Bank of India

Answer: (a) BIFR (Board of Industrial and Financial reconstruction)

Question 4.
Stages in the formation of a public company are in the following order
(a) Promotion, Incorporation, capital subscription, the commencement of business
(b) Incorporation, Capital of Business, Capital Subscription Commencement of Business, Promotion
(c) Capital Subscription, Promotion, Incorporation, Commencement of Business
(d) Promotion, the commencement of business

Answer: (a) Promotion, Incorporation, capital subscription, the commencement of business

Question 5.
Departmental Undertakings are suitable in case of
(a) National security
(b) Commercial undertakings
(c) Industrial undertakings
(d) Infrastructural Facilities

Answer: (a) National security

Question 6.
Which one of the following is NOT a public sector undertaking?
(a) Partnership
(b) Departmental undertaking
(c) Government companies
(d) Statutory corporation

Answer: (a) Partnership

Question 7.
In the industrial policy resolution _____, the Government of India has specified the approach towards the development of the industrial sector.
(a) 1956
(b) 1948
(c) 1932
(d) 2009

Answer: (a) 1956

Question 8.
Indian economy is _________
(a) Closed Economy
(b) Private Economy
(c) Mixed Economy
(d) Fully Developed Economy

Answer: (c) Mixed Economy

Question 9.
Preliminary Contracts are signed
(a) After commencement of business business
(b) After incorporation but before the capital subscription
(c) Before the incorporation
(d) After incorporation but before

Answer: (c) Before the incorporation

Question 10.
Statutory corporations are ____________
(a) Private enterprises
(b) Sole Proprietorship
(c) Public enterprises
(d) None of the above

Answer: (c) Public enterprises

Question 11.
Which of the following comes under the private sector?
(a) Joint Hindu Family
(b) Partnership
(c) Sole Proprietorship
(d) All of the above

Answer: (d) All of the above

Question 12.
Application for approval of name of a company is to be made to
(a) Government of the State in which Company is to be registered
(b) Registrar of Companies
(c) SEBI
(d) Government of India

Answer: (b) Registrar of Companies

Question 13.
Which one of the following is the disadvantage of MNCs?
(a) Disregard national Priorities
(b) Bringing foreign exchange
(c) Improved standard of living
(d) Bringing Advanced Technology

Answer: (a) Disregard national Priorities

Question 14.
Steel Authority Of India Limited is a public enterprise. Identify this form of public enterprises
(a) Government Company
(b) Statutory Corporation
(c) Departmental Undertaking
(d) Multinational Company

Answer: (a) Government Company

Question 15.
________ not been constituted as autonomous or independent institutions and as much are not independent legal entities.
(a) MHRD
(b) Departmental undertakings
(c) Indian Institute of foreign trade
(d) All India Ratio

Answer: (b) Departmental undertakings

Question 16.
Which one of the following public sector undertaking is established by passing a special law under Parliament?
(a) Statutory corporation
(b) Partnership
(c) Sole proprietorship
(d) Departmental Undertaking

Answer: (a) Statutory corporation

Question 17.
Indian economy consists of ___________
(a) Only Government Business
(b) Only Private Business
(c) Private and Government-owned business
(d) None of the above

Answer: (c) Private and Government-owned business

Question 18.
Which one of the following is a transnational Enterprise?
(a) Coca-Cola, Nestle
(b) Coca-Cola
(c) Nestle
(d) Neither (a) nor (b)

Answer: (a) Coca-Cola, Nestle

Question 19.
Centralised control in MNC implies control is exercised by
(a) Headquarters
(b) Branches
(c) Subsidiaries
(d) Parliament

Answer: (a) Headquarters

Question 20.
A government company is any company in which the paid-up capital held by the government is not less than
(a) 49 percent
(b) 51 percent
(c) 50 percent
(d) 25 percent

Answer: (b) 51 percent

Question 21.
Departmental undertakings are financed through
(a) Budgetary Allocation
(b) Public loans
(c) Loans from financial institutions
(d) Issue of shares and debentures

Answer: (a) Budgetary Allocation

Question 22.
Expand MOU(a) Memorandum of Association United
(b) Memorandum original Universal
(c) Memorandum of Understanding
(d) Memorandum of Unity

Answer: (c) Memorandum of Understanding

Question 23.
A proposed name of a Company is considered undesirable if
(a) It resembles closely with of an existing company the name of an existing company
(b) It is identical to the name
(c) In case of any of the above of India, United Nations, etc.
(d) It is an emblem of Government

Answer: (c) In case of any of the above of India, United Nations, etc.

 

 

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Forms of Business Organization MCQ ( Best 20+ MCQ )

by Mr. DJ 14/06/2021
written by Mr. DJ

Forms of Business Organization MCQ

Students who are searching for NCERT MCQ Questions for Class 11 Business Studies Chapter 2 Forms of Business Organization with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Business Studies with Answers. You can also verify your answers from our provided Forms of Business Organization Class 11 MCQs Questions with Answers. So, ace up your preparation with MCQ on Forms of Business Organization Class 11 Objective Questions. Join Our Telegram Channel

Forms of Business Organization MCQ

Forms of Business Organization MCQ

Question 1.
Which of the following statement is NOT true about a minor partner?
(a) He has to bear losses also
(b) He can inspect books of accounts
(c) He has an option to continue with a firm even after attaining majority
(d) He shares only profits

Answer: (a) He has to bear losses also

Question 2.
_______ company needs to have only two directors.
(a) Public Company
(b) Sole Proprietorship
(c) Private Company
(d) None of the above

Answer: (c) Private Company

Question 3.
Which of the following contract is signed by the promoters with the third party on behalf of the proposed company?
(a) Preliminary contracts
(b) Provisional contract
(c) Prospectus
(d) Memorandum of association

Answer: (a) Preliminary contracts

Question 4.
Which one of the following is the CORRECT sequence of stages in the formation of a company?
(a) Promotion, incorporation, capital subscription, the commencement of business
(b) Incorporation, capital subscription, promotion, the commencement of business
(c) Promotion, the commencement of business, incorporation, capital subscription
(d) Promotion, Incorporation, Certificate of commencement, capital subscription

Answer: (a) Promotion, incorporation, capital subscription, the commencement of business

Question 5.
Which of the following business enterprises does not have a separate legal entity?
(a) Sole Proprietorship
(b) Partnership
(c) Company
(d) Cooperative Society

Answer: (a) Sole Proprietorship

Question 6.
__________ company does not invite the public to subscribe to its share capital.
(a) Both Private and Public Company
(b) Public Company
(c) Private Company
(d) None of the above

Answer: (c) Private Company

Question 7.
Which of the following cooperative society is established to help small producers in selling their products?
(a) Producer cooperative society
(b) Marketing cooperative society
(c) Credit cooperative society
(d) Consumers cooperative society

Answer: (a) Producer cooperative society

Question 8.
The maximum number of partners allowed in the banking business are
(a) Ten
(b) No limit
(c) Twenty
(d) Two

Answer: (a) Ten

Question 9.
At least 10 adults, no maximum limit in case of ________
(a) Joint Hindu Family
(b) Cooperative Society
(c) Company
(d) Partnership

Answer: (b) Cooperative Society

Question 10.
It is a form of business organization which is owned, managed, and controlled by an individual who is the recipient of all profits and bearer of all risks. Identify the concept.
(a) Sole Proprietorship
(b) Cooperative Society
(c) Joint Hindu family business
(d) Partnership

Answer: (a) Sole Proprietorship

Question 11.
What do you understand by the term unlimited liability?
(a) The personal assets of the owner can be sold when the assets of the business are not enough to
(b) The personal assets of the owner cannot be sold at all
(c) The personal assets of the owner can be sold, according to the wish of the creditors
(d) The personal assets of the owner can be sold, only to a limited extent

Answer: (a) The personal assets of the owner can be sold when the assets of the business are not enough to

Question 12.
Provision of residential accommodation to the members at reasonable rates is the objective of:
(a) Housing Cooperative
(b) Producers Cooperative
(c) Sleeping Partner
(d) Credit Cooperative

Answer: (a) Housing Cooperative

Question 13.
Hindu Succession Act was passed in _____________
(a) 1960
(b) 1956
(c) 1952
(d) 1932

Answer: (b) 1956

Question 14.
A prospectus is issued by
(a) Public company
(b) Private company
(c) Statutory Corporation
(d) Departmental undertaking

Answer: (a) Public company

Question 15.
A partner whose association with the firm is unknown to the general public is called
(a) Active partner
(b) Nominal partner
(c) Secret partner
(d) Sleeping partner

Answer: (c) Secret partner

Question 16.
Which of the following forms of business enterprises suffer from a lack of public confidence because they are not required to publish their accounts legally?
(a) Partnership
(b) Cooperative Society
(c) Company
(d) None of the above

Answer: (a) Partnership

Question 17.
A company cannot come into existence without
(a) Issuing prospectus
(b) Electing directors
(c) Certificate of incorporation
(d) All of the above

Answer: (c) Certificate of incorporation

Question 18.
Every partner is both an agent and a principal. Identify the characteristic of the partnership being referred here.
(a) Mutual Agency
(b) Risk Bearing
(c) Membership
(d) Formation

Answer: (a) Mutual Agency

Question 19.
Which of the following is not a feature of a Joint Stock Company?
(a) Artificial person
(b) Separate legal entity
(c) Formation
(d) Lack of business continuity

Answer: (d) Lack of business continuity

Question 20.
The life of sole proprietorship business is ___________
(a) Very short life
(b) Stable
(c) Long life
(d) Unstable

Answer: (d) Unstable

Question 21.
The partnership deed generally includes the following
(a) Name of firm
(b) Nature of business
(c) Location of business
(d) All of the above

Answer: (d) All of the above

Question 22.
The form of business organization that has the largest sales volume is the:
(a) Partnership
(b) Corporation
(c) Cooperative
(d) Multinational

Answer: (b) Corporation

Question 23.
A prospectus is issued by
(a) A public company seeking investment, from public
(b) A private company
(c) A public company
(d) A public enterprise

Answer: (a) A public company seeking investment, from public

 

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BusinessCommerce MCQs

BUSINESS COMMUNICATION-I MCQ ( Best 60+ )

by Mr. DJ 08/06/2021
written by Mr. DJ

BUSINESS COMMUNICATION-I MCQ

Business communication is the process of sharing information between people within and outside a company. Effective business communication is how employees and management interact to reach organizational goals. Its purpose is to improve organizational practices and reduce errors. This Business Communication-I MCQ help you to understand topic. Join Our Telegram Channel For more updates.

1. Feedback involves:
a.       Telling the speaker what you think of him/her
b.      Finishing what you have to say, before listening to what the other person has in mind
c.       Checking with the speaker if you understood correctly what was said.

Answer:- c.       Checking with the speaker if you understood correctly what was said.

2. “Communication path is circuitous”. In this context, the word circuitous means:
a.      Begins and ends of the sender
b.      Circumstantial demand
c.       Message and import of message

Answer:- a.      Begins and ends of the sender

3. In effective communication, the encoder becomes a decoder when there is
a.       Noise
b.      Audience
c.       Feedback
d.      Channel

Answer:- c.       Feedback

4. Identify the correct sequence of the following:
a.       Source, Channel, Message, Receiver
b.      Source, Receiver, Channel, Message
c.       Source, Message, Receiver, Channel
d.      Source, Message, Channel, Receiver

Answer:- d.      Source, Message, Channel, Receiver

5. Listening is badly affected by
a.       Message overload excess of listened material
b.      High speed of speaking
c.       A sizable hearing loss physiological problem
d.      All of the above

Answer:- d.      All of the above

6. Who cannot write a business letter to you?
a.       Restaurant
b.      Shopping mall
c.        Friend
d.      Sports team

Answer:- c.        Friend

7. Prior to giving a response, the receiver decodes the perceived message and then frames the response, which is also termed as
a.    Strategic reply
b.   Feedback
c.    Endorsement

Answer:- b.   Feedback

8. Interaction with peers or colleagues is referred to as
a.       Vertical communication
b.      Diagonal communication
c.       horizontal / lateral communication

Answer:- c.       horizontal / lateral communication

9. The essence of any speech is
a.      Content
b.      Choice of words
c.       Style

Answer:- a.      Content

10. Biased listening is a result of
a.   Prejudices
b.   Semantic problems
c.    Arguments

Answer:- a.   Prejudices

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Commerce MCQs

( Best 125+ ) MCQs on Cooperative Society

by Mr. DJ 28/05/2021
written by Mr. DJ

MCQs on Cooperative Society

Cooperative societies are formed with the aim of helping their members. This type of business organisation is formed mainly by weaker sections of the society in order to prevent any type of exploitation from the economically stronger sections of the society.

MCQs on Cooperative Society

Following are some of the Cooperative society multiple choice questions and answers that will help the students in brushing up their understanding of the concept.

  1. . The International Co-operative Alliance appointed a sub-committee in ……….. for the

first reformulation of Principles of Co-operative Sector.

  1. a) 1934
  2. b) 1964
  3. c) 1954
  4. d) 1944

Answer: – a) 1934

 

  1. For the second reformulation of Principles of Co-operative Sector, The International Cooperative Alliance appointed a sub-committee in ……………
  1. a) 1964
  2. b) 1935
  3. c) 1954
  4. d) 1944

Answer: – a) 1964

 

  1. The International Co-operative Alliance revised the co-operative principles for the third

time in its Manchester Congress in ………….

  1. a) 1964
  2. b) 1995
  3. c) 1934
  4. d) 1994

Answer: – b) 1995

 

  1. . …………………has been compared to a “State within A State”

a) State

b) Cooperation

c) Capitalism

d) Socialism

Answer: – b) Cooperation

 

  1. ……………..plays an equalizing role as a welfare factor in a capitalistic economy.
  2. a) Socialism
  3. b) Trade Unionism
  4. c) Joint Stock Companies
  5. d) Cooperation

Answer: – d) Cooperation

 

  1. ………….. is a voluntary and democratic association of human beings, based on equality

of control, opportunity, distribution and mutuality for the promotion of their common

interests as producers or consumers.

a) Organization

b) Company

c) Co-operation

d) Non-profit organization

Answer: – c) Co-operation

 

  1. …………… serves as an organizational instrument for the economically weaker

producers-farmers, artisans or workers and consumers for strengthening themselves and

protecting themselves against the exploitation by the stronger.

a) Organization

b) Company

c) Co-operation

d) Non-profit organization

Answer: – c) Co-operation

 

  1. . The word ………… literally means to work together or act together.

a) Organization

b) Company

c) Co-operation

d) Association

Answer: – c) Co-operation

 

  1. . The I.C.A appointed a Commission in ………………….. to ascertain how far the

principles of the Rochdale as defined by I.C.A in 1937 are observed today and the

reasons for any non-observance.

a) October, 1964

b) October, 1984

c) November, 1964

d) November, 1984

Answer: – a) October, 1964

 

  1. . . ……………..is based on the principle of self interest, maximization of profits

and exploitation.

a) co-operation

b) capitalism

c) socialism

d) trade unionism

Answer: – b) capitalism

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Commerce MCQs

( Best 1500+ ) Commerce MCQ

by Mr. DJ 19/05/2021
written by Mr. DJ

Commerce MCQ 2021

Multiple Choice Question (MCQs) is a process that tests student’s knowledge about comprehensive content and objectives and gives an insight into student ability.Our subject-matter specialists have composed these Commerce MCQ based on CBSE syllabus and current practices. Therefore, all the questions mentioned here will enhance and make students more aware of the concepts and help them for the board exams and various competitive examinations as well. All the content is regularly updated with new questions, links and much more.

Commerce MCQ 2021

The given Commerce MCQs include all concepts for Class 11 and 12 and students can choose their preferred topic by clicking the below link. Each question contains four options. Out of the four options, one is the correct answer.

MCQ on Capital Market
MCQ on Demonetisation in India MCQ on Cooperative Society
MCQ on Sole Proprietorship MCQ on Joint Stock Company
MCQ on International Trade and Finance MCQ on Indifference Curve
MCQ on Business Environment MCQ on Internal Trade
MCQ on Marketing Mix MCQ on WTO
MCQ on Accountancy MCQ on Financial Management
MCQ on Admission of New Partner MCQ on Economics
MCQ on Cost concept MCQ on Bill of Exchange
MCQ on Business Studies MCQ on Goods and Services Tax
MCQ on Retirement/Death of a Partner MCQ on Balance Sheet
MCQ on Cash Flow Statement MCQ on Goodwill
MCQ on Trial Balance MCQ on Partnership
MCQ on Statistics MCQ on Sustainable Development
MCQ on Indian Economy MCQ on Rural Credit
MCQ on Globalisation MCQ on Debentures
MCQ on Central Problems of An Economy MCQ on Investment
MCQ on Ledger MCQ on Management Accounting
MCQ on Sampling Methods MCQ on Retained Earnings
MCQ on Law of Demand MCQ on Function of Commercial Banks
MCQ on GAAP MCQ on Five Year Plan
MCQ on Commercial Banks MCQ on Depreciation
Employee Stock Option Plan Private Placement Meaning Types
Super Profit Method Fluctuating Capital Account
Average Profit Method Capitalisation Method
Functions of Marketing Concept of Public Relations

These Commerce Multiple Choice Questions with answers pdf offers a wide range of accounting, economics, taxation, and other basic questions and answers related to the commerce topic with a simple and logical explanation. Here is the list of important Commerce Topics MCQ Questions that helps you to test your subject knowledge and improves your skills.

So, students of class 11 and 12 can rely on Multiple Choice Questions of Commerce as they are prepared by subject experts as per the CBSE prescribed Commerce Syllabus. Have a glance at the below list and click on the Commerce MCQ Questions with Answers pdf of the respective topics available over here.

Wrapping Up

We believe the shared list of Commerce MCQ Questions PDF with Answers is enough to offer a great subject knowledge of commerce topics. In case, you missed any of the commerce topics MCQ Questions here, drop us a comment in the below box and we’ll add it asap. Get in touch with our site or bookmark it to find updated Multiple Choice Questions Practice Tests of Commerce or other subjects. Join Our Telegram Channel.

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Commerce MCQs

Capital Market MCQ ( Best 60+ )

by Mr. DJ 15/05/2021
written by Mr. DJ

Capital Market MCQ

What Is Capital Market MCQ

Capital market is referred to as a market where trading of financial securities like stocks, bonds, etc takes place between buyer and seller of those securities. The buyers and sellers of these markets are either individuals or institutions.

Following are some of the multiple choice questions on the capital market with answers that will help the students in developing their knowledge.

Capital Market MCQ

1 Who controls the capital market in India?

(A) SEBI

(B) RBI

(C) IRDA

(D) NABARD

Answer A

2 Which of the following reasons is not responsible for the ups and downs in the Sensex?

(A) Rain

(B) Monetary policy

(C) Political instability

(D) None of the following

Answer D

3 How many companies are included in the SENSEX of India?

(A) 30

(B) 50

(C) 111

(D) 25

Answer A

4 Which of the following is not a credit rating agency?

(A) CRISIL

(B) ICRA

(C) NIKKEI

(D) CARE

Answer C

5.Which of the following TERM does not belong to the stock exchange?

(A) NAV

(B) NSE

(C) IPO

(D) KPO

Answer D

6 Which of the following might be a reason for a stock market to lose value suddenly?

A A big company going bankrupt

B Fear of a global recession

C A terrorist attack

D All of these

ANSWER: d

7 What is SP-500?

A A crop of wheat

B The name of Mumbai-based office of SEBI

C A stock exchange of USA

D A scheme announced by the Government of India

ANSWER: c

8 Which of the following words does not belong to the stock exchange?

A KPO

B NAV

C NSE

D IPO

ANSWER: a

9 Which of the following cities does NOT have a formal stock exchange?

A Frankfurt

B London

C Monte Carlo

D Hong Kong

ANSWER: c 

10 Which term most accurately describes selling shares at a higher price than the price at which they were bought?

A Loss

B Profit

C Asset

D Dividend

ANSWER: b

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Commerce MCQs

[ Best ] MCQs on Law of Demand

by Mr. DJ 29/04/2021
written by Mr. DJ

MCQs on Law of Demand

Law of demand is a fundamental principle of Economics, it states that quantity demanded is always inversely related to the price of the goods. In other words, with increase in price, quantity demanded will be less and vice versa.

Following are some of the law of demand multiple choice questions and answers that will help the students in brushing up their understanding of the concept of law of demand.

Q1. The law of demand states, with increase in price there is

a. decrease in quantity demanded

b. increase in quantity demanded

c. decreased demand

d. increased demand

Answer: a

Q2. The following would cause a change in the quantity demanded for a product?

a. changing prices of related products

b. changing consumer tastes

c. increasing consumer income

d. decreasing price of product

Answer: d

Q.3 Increase in demand can occur due to:

(a) Increase in income of the consumer

(b) Decrease in price of the complementary good

(c) Increase in price of the substitutes

(d) All of these

Answer: d

Q4. Violation of Law of demand occurs when:

(a) Negative income effect is greater than substitution effect

(b) Negative income effect is less than substitution effect

(c) Income effect is negative

(d) Substitution effect is negative

Answer: a

Q5. Movement along the demand curve illustrates

a.shift in quantity demanded

b.complement effect

c.change in quantity demanded

d.income effect

Answer: c

Q6. Increase in demand is shown by demand curve when

a.the curve shifts right

b.the curve shifts left

c.movement along the curve there is no change

d.movement along the curve

Answer: a

Q.7 The demand curve is always

a.level

b.irregular

c.upward sloping

d.downward sloping

Answer: d

Q.8 Which of the following is a complement product to peanut butter?

a.Sugar

b.Jelly

c.Mustard

d.Soda

Answer: b

Q.9 The Law of Demand is measured from the perspective of

a. Consumer

b. Shopkeeper

c. Wholesaler

d. Manufacturer

Answer: a

Q.10 Goods for which demand goes down when income goes up are called

a.Public Goods

b.Inferior Goods

c.Normal Goods

d.Private Goods

Answer: b

 

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