Competitive Exams: Commerce MCQs (Practice-Test 16 of 99)

  1. Match List I with List II and select the correct answer:

    List-I List-II
    1. Partners and Firm

    2. Sole Proprietorship

    3. Public Limited Company

    4. Nominal Partnership

    1. Agent and Principal relationship

    2. Prospectus

    3. Personal supervision

    4. Firm image

    • A
    • B
    • C
    • D
      • 1
      • 3
      • 2
      • 4
      • 4
      • 2
      • 3
      • 1
      • 1
      • 2
      • 3
      • 4
      • 4
      • 3
      • 2
      • 1
  2. Following particulars are given for a firm: Quick Ratio-1.5 Current Assets-Rs. 1, 50, 000 Current Liabilities-Rs. 60, 000 The value of stock is:

    1. Rs. 60, 000

    2. Rs. 70, 000

    3. Rs. 80, 000

    4. Rs. 90, 000

  3. The most complex and widely used method of job evaluation is

    1. the job ranking method

    2. the job classification method

    3. the market pricing method

    4. the points method

  4. Consider the following

    1. Measurement

    2. Projection

    3. Selection

    4. Observation

    5. Comparison

    6. Decision making

    7. The correct sequence of the above ingredients of management by exception is

      1. 1, 2, 3, 4, 5, 6

      2. 1, 2, 3, 5, 4, 6

      3. 1, 2, 3, 6, 4, 5

      4. 1, 2, 3, 4, 6, 5

  5. A wage which should enable a worker to provide for himself and his family not merely the bare essentials like food clothing and shelter but also a measure of comfort in the form of education for his children and protection against diseases and illness is known as

    1. Fair Wage

    2. Minimum Wage

    3. Living Wage

    4. Incentive Wage

  6. 113. Emerson Efficiency System of wage. Payment means

    1. the worker is allowed a certain time within which he is required to complete his job

    2. the completion of job within the prescribed time, the worker is paid bonus of a certain percentage

    3. where the worker takes 50% more than the prescribed time, he is paid no bonus

    4. All of the above

  7. Match List I (Basis of Departmentation) with List II (Example) and select the correct answer

    List-I List-II
    1. Customer

    2. Functional

    3. Geographical

    4. Temporal

    1. Day and night shifts in a hospital

    2. Retail and wholesale sales of a trader

    3. Northern and Southern Divisions of a railway

    4. Production and sales of a factory

    5. Consumer durables and fast moving consumable goods

    • A
    • B
    • C
    • D
      • 2
      • 3
      • 4
      • 1
      • 1
      • 4
      • 3
      • 5
      • 2
      • 4
      • 3
      • 1
      • 1
      • 3
      • 4
      • 5
  8. The cost of a machine is Rs. 70, 000. It has 10-year life at the end of which it is expected to realize Rs. 5, 000. The depreciation for first four year on a straight line basis is

    1. Rs. 28, 000

    2. Rs. 26, 000

    3. Rs. 22, 000

    4. Rs. 20, 000

  9. A partner's capital at the end of a year was Rs. 3, 00, 000. His share of profit for the year was Rs. 60, 000 and he had drawn Rs. 20, 000 from the firm during the year. Then his capital at the beginning of the year was

    1. Rs. 3, 00, 000

    2. Rs. 3, 20, 000

    3. Rs. 3, 80, 000

    4. Rs. 2, 60, 000

  10. The source of the rules relating to internal management of a company is known from

    1. Memorandum of Association

    2. Prospectus

    3. Articles of Association

    4. Fundamental Rules

  11. The phenomenon of the stock market in which almost the entire supply of a particular security is held by a few people is named as

    1. Wash Sales

    2. Cornering

    3. Rigging

    4. Arbitrage

  12. Which one of the following statements pertaining to mutual funds is true?

    1. Mutual funds can be operated only by government organizations

    2. The maximum investment in mutual funds by an individual should not exceed a particular ceiling fixed by government from time to time

    3. Return on investment and safety of principal is not guaranteed in mutual funds

    4. Unit Trust of India is the regulatory authority for mutual funds in India

  13. Underwriters are persons who

    1. purchase the shares and debentures of a company

    2. work as agents of the company for the sale of shares and debentures

    3. undertake to buy those shares and debentures not subscribed for by the public

    4. publicize the share-issue on behalf of the company