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question_answer1)
What is the full form of the given acronym, LLP?
A)
Limited Liability Partnership done
clear
B)
Living Liability Partnership done
clear
C)
Liability List Partnership done
clear
D)
None of these done
clear
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question_answer2)
The National Pension System is structured in how many tiers?
A)
1 done
clear
B)
2 done
clear
C)
3 done
clear
D)
4 done
clear
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question_answer3)
In which state Chinese e-retailer giant Alabama will set up its first office in India?
A)
Kerala done
clear
B)
Delhi done
clear
C)
Guru gram done
clear
D)
Mumbai done
clear
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question_answer4)
Which of the following doesn?t characterized business activities?
A)
Production of goods and services done
clear
B)
Presence of risk done
clear
C)
Sale or exchange of goods and services done
clear
D)
Salary or wages done
clear
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question_answer5)
What is the name of the mobile company which was acquired by Sony?
A)
Nokia done
clear
B)
Ericsson done
clear
C)
Docomo done
clear
D)
Cell one done
clear
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question_answer6)
Which of the following can't be classified as an objective of business?
A)
Investment done
clear
B)
Productivity done
clear
C)
Innovation done
clear
D)
Profit earning. done
clear
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question_answer7)
Name the two broad categories of business activities.
A)
Trade and commerce done
clear
B)
Trade and industry done
clear
C)
Industry and commerce done
clear
D)
None of these done
clear
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question_answer8)
Economic activities may be classified into business, _______ and employment.
A)
Profession done
clear
B)
occupation done
clear
C)
Vocation done
clear
D)
work done
clear
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question_answer9)
Which of the broad categories of industries covers oil refineries and sugar mills?
A)
Primary done
clear
B)
Secondary done
clear
C)
Tertiary done
clear
D)
None of them done
clear
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question_answer10)
Which of the following involves maximum risk?
A)
An industry done
clear
B)
A Commerce activity done
clear
C)
A trade done
clear
D)
None of these done
clear
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question_answer11)
Commerce is related to
A)
Production of goods done
clear
B)
Exchange of goods done
clear
C)
Providing occupation done
clear
D)
Providing services done
clear
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question_answer12)
What is the full form of the given acronym, CRM?
A)
Customer Relationship Management done
clear
B)
Customer Retail Management done
clear
C)
Customer Care Retail Management done
clear
D)
Customer Relation Marketing done
clear
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question_answer13)
The term FICCI stands for?
A)
Framework of Indian Chamber of Commerce and Industry done
clear
B)
Federation of Indian Chamber of Commerce and Industry done
clear
C)
Federation of Indian Council of Commerce and Industry done
clear
D)
Framework of Indian Council of Commerce and Industry done
clear
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question_answer14)
The statement "Issued capital is the shared capital that has been issued to the shareholders. This is a part of company's authorized capital". The given statement is
A)
False done
clear
B)
True done
clear
C)
All of the above done
clear
D)
None of these done
clear
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question_answer15)
'VAT' is imposed-
A)
Directly on consumer done
clear
B)
on first stage of production done
clear
C)
on all stages between production and sale done
clear
D)
on final stage of production done
clear
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question_answer16)
The 'Closed Economy' is the economy in which -
A)
Only export takes place done
clear
B)
Budget deficit is less done
clear
C)
Only import takes place done
clear
D)
There is no foreign trade done
clear
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question_answer17)
Reserve Bank of India extended the period of enhanced PPI limit of Rs.20,000 as a part of effort promote digital payments. What is me full form of PPI?
A)
Prepaid Payments Instruments done
clear
B)
Postpaid Payment Instruments done
clear
C)
Pre-Payment Instruments done
clear
D)
None of these done
clear
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question_answer18)
The occupation in which people work for others and get remunerated in return is known as:
A)
Business done
clear
B)
Unemployment done
clear
C)
Profession done
clear
D)
None of these. done
clear
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question_answer19)
Business risk is not likely to arise due to:
A)
Changes in government policy. done
clear
B)
Good management done
clear
C)
Employee dishonesty done
clear
D)
Power Failure done
clear
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question_answer20)
Which one of the following may not be a factor behind starting a business?
A)
Routine workload done
clear
B)
Size of the firm done
clear
C)
Finance done
clear
D)
Location of the business done
clear
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question_answer21)
Commerce includes activities relating to trade and ___________ to trade.
A)
supporting done
clear
B)
subsidiaries done
clear
C)
auxiliaries done
clear
D)
None of these done
clear
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question_answer22)
Following are the characteristics of business risks. One of then is not correct. Please identify it.
A)
Loss is the reward for risk bearing done
clear
B)
Business risks are due to uncertainties done
clear
C)
Risk is an essential component of every business done
clear
D)
Degree of risk depends mainly upon the nature and size of business done
clear
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question_answer23)
The possibilities of inadequate profits or even losses due to uncertainties are known as ________
A)
Business contingencies done
clear
B)
Business risks done
clear
C)
Business ventures done
clear
D)
None of these done
clear
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question_answer24)
Which of the following is not an example of non- economic activity?
A)
Patriotism done
clear
B)
Teaching done
clear
C)
Sentiment done
clear
D)
Sympathy done
clear
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question_answer25)
Which of the following countries has merged together in order to form the 4th largest telecom operator in the Country?
A)
Reliance Communications and Marxis Communications Berhad done
clear
B)
Reliance Communications and Ainel Services done
clear
C)
Marxis Communications Berhad and Ainel Services done
clear
D)
None of these done
clear
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question_answer26)
Transfer of interest exists in the case of
A)
Profession done
clear
B)
Employment done
clear
C)
Business done
clear
D)
None of these done
clear
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question_answer27)
Consider the following.
(i) The companies Act (Amendment) Bill 2016 seeks to amend the Companies Act 2013 which regulates the incorporation, regulation and winding up of companies. |
(ii) The Bill is mainly based on the recommendations of the companies Law Committee. |
Which of the following is /are correct?
A)
Only I done
clear
B)
Only II done
clear
C)
Both I and II done
clear
D)
None of the above. done
clear
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question_answer28)
Consider the following statements
(i) A subsidiary Company is one in which a parent company holds more than 50% of its shares. |
(ii) Associate company is one where another company holds at least 20% of its shares |
Which of the following statement is/are correct?
A)
Only I done
clear
B)
Only II done
clear
C)
Both I and II done
clear
D)
None of the Above done
clear
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question_answer29)
Consider the following regarding lease.
(i) A legal document outlining the terms under which one party agress to rent property from another party. |
(ii) This guarantees the lessee use of an asset and guarantees the lessor regular payments from the lessee for a specified number of months or years. |
Which of the following is/are correct?
A)
Only I done
clear
B)
Only II done
clear
C)
Both I and II done
clear
D)
None of these done
clear
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question_answer30)
Consider the following statements
(i) Corporate taxes are taxes against profits earned by business during a given taxable period. |
(ii) A tax payer distributes the incidence of tax and provides for a simple and convenient mode of payment. |
Which of the following statement is/are correct?
A)
Only I done
clear
B)
Only II done
clear
C)
Both I and II done
clear
D)
None of these done
clear
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question_answer31)
Consider the following statement.
I. Family owned business includes two or more family members and the majority of ownership lies within the family. |
II. Family owned business includes two or more family members and the majority of ownership is divided between the partners. |
Which of the following is/are correct?
A)
Only I done
clear
B)
Only II done
clear
C)
Both I and II done
clear
D)
None of the above done
clear
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question_answer32)
Consider the following statement.
(i) Paid up share capital which doesn't exceed 50 lakh rupees or such higher amount as may be prescribed which shall not be more than 5 crore rupees. |
(ii) Paid up share which extends up to 50 lakh rupess or higher amount as may be prescribed which shall extends more than 5 crore. |
Which of the following statements is/are correct?
A)
Only I done
clear
B)
Only II done
clear
C)
Both I and II done
clear
D)
None of the Above done
clear
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question_answer33)
Consider the following regarding ISI mark
a. It's a certification mark for industrial products in India |
b. The mark certifies that a product confirms to the Indian Standard, mentioned as IS.XXXX on top of the mark, developed by BIS. |
c. It's mandatory for certifying products to be sold in India |
d. It's associated with FICCI. |
Which of the following is/ are correct?
A)
I, II and III are correct done
clear
B)
II, III and IV are correct done
clear
C)
I, II and IV are correct done
clear
D)
I, II, III and IV are correct. done
clear
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question_answer34)
Consider the following statements
(I) SWOT analysis is a framework of identifying and framing organizational growth opportunities. |
(II) SWOT is an acronym for an organization's internal Strengths and Weaknesses and External Opportunities and Threats. |
Which of the following is/are correct?
A)
Only I done
clear
B)
Only II done
clear
C)
Both I and II done
clear
D)
None of the Above done
clear
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