Competitive Exams: Commerce MCQs (Practice-Test 95 of 99)

  1. Which one of the following is NOT the distinctive feature of the co-operative form of business organisation?

    1. Service before self

    2. Democratic management

    3. Corporate status

    4. One-share o1le-vote system

  2. Consider the following statements regarding Indian industries:

    1. Industrial modernization has not come up even in a modest way

    2. A support system and a regulatory frame work has been developed so as to encourage and direct the industrial houses to modernize their plants.

    3. Considerable advances have been made in the fields of managerial and technological skills in the country.

    4. No effort has so far been made towards attaining the goal of self reliance in the manufacture of consumer items.

    Of these statements:

    1. 1 and 2 are correct

    2. 2 and 3 are correct

    3. 3 and 4 are correct

    4. 1 and 4 are correct

  3. Which one of the following does NOT constitute the purpose of setting up SEBI?

    1. To protect the interest of the investors in securities

    2. To promote the development of the securities market

    3. To regulate the global securities markets

    4. To deal with matters connected with fraudulent and unfair trade practices relating to securities'markets

  4. Financial disintem1ediation results in larger

    1. access to financial institutions

    2. participation of foreign financial institutions

    3. fee-based income

    4. securities-related income

  5. Which one of the following BEST supports the theory that Stock Exchange is a secondary market? In a Stock Exchange

    1. securities are bought and sold by way of transfer

    2. an existing holder of securities can dispose of the holdings it another invest of who intends to buy them

    3. no new investment is created

    4. securities are dealt ill for dual purposes-investment and speculation

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

    List-I (Type of mutual fund) List-II (Features)
    1. Open-ended fund

    2. Income fund

    3. Close-ended fund

    4. Growth fund

    1. Maximizes short term return to investors

    2. Can sell unlimited number of units

    3. The units are not redeemable at their N A V

    4. Maximizes long term return to investors

    • A
    • B
    • C
    • D
      • 3
      • 4
      • 2
      • 1
      • 3
      • 4
      • 1
      • 2
      • 2
      • 1
      • 4
      • 3
      • 2
      • 1
      • 3
      • 4
  7. Match List I with List II and select the correct answer:

    List-I List-II
    1. Screen trading

    2. G V Ramakrishna

    3. BIFR

    4. SEBI

    1. Capital market reforms

    2. industrial sickness Committee Report

    3. Disinvestment of PSU shares

    4. Stock Exchange.

    • A
    • B
    • C
    • D
      • 3
      • 4
      • 1
      • 2
      • 4
      • 3
      • 2
      • 1
      • 4
      • 3
      • 1
      • 2
      • 3
      • 4
      • 2
      • 1
  8. Combination of Printing and Dyeing Companies is a type of

    1. vertical combination

    2. horizontal combination

    3. circular combination

    4. allied combination

  9. In addition to Consumer Forums which one of the following looks after the interests of consumers?

    1. High courts

    2. Company Law Board

    3. M R T P

    4. Bureau of Industrial Costs and Prices

  10. LIBOR refers to

    1. Liberalized system of foreign exchange transfer between Banks

    2. inter-bank lending rate for Eurodollars at London

    3. lowest rate of interest at which banks in London lend Pound Sterling

    4. lowest rate of interest prescribed by the Reserve Bank of India

  11. Members of the WTO/GA TT have NOT agreed even in principle on which one of the following issues?

    1. Observance of minimum labour standards

    2. Protection of intellectual property rights

    3. Dispute settlement mechanism

    4. Export subsidies to agricultural produce

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

    List-I (some usages in trade & marine insurance) List-II (Practical implication or name)
    1. Ex-workers contract

    2. Freight paid by Importer

    3. FORCE MAJEURE

    4. Arbitration

    1. CIF

    2. Method of settlement of disputes

    3. Minimum obligation for the exporter

    4. Condition to be included in the contract if natural calamities are to be covered

    5. F O B contract

    • A
    • B
    • C
    • D
      • 3
      • 5
      • 2
      • 1
      • 1
      • 2
      • 3
      • 4
      • 1
      • 2
      • 4
      • 3
      • 3
      • 5
      • 4
      • 2
  13. Which one of the following is NOT a commercial risk?

    1. Insolvency of the buyer

    2. New restrictions placed on import-export trade

    3. Damage to goods in transit

    4. Change in the exchange rate

  14. The average clause in a fire policy states that the insured change it back

    1. only that portion of the actual loss suffered as the sum insured bears to total value

    2. the entire account of the total loss suffered

    3. the entire amount of partial loss suffered

    4. a fixed percentage of loss suffered

  15. Consider the following statements: The social responsibility of business is to

    1. do a business as per the public policy

    2. obey all the rules and regulations of the Government.

    3. make payment of the taxes imposed by the Government.

    4. provide no necessarily adequate but good quality of goods.

    Of These statements

    1. 2 and 3 are correct

    2. 1 and 4 are correct

    3. 1, 2 and 3 are correct

    4. 1, 2, 3 and 4 are correct