NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Commerce MCQs (Practice_Test 48 of 99)
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- One of the uses of ‘Commercial Paper’ is that it can
- help to understand business news
- transactions
- be circulated to raise money just like a Bill of Exchange
- be issued to finance an important transaction
- The gilt-edged market refers o the marketfor
- industrial securities
- govt. And semi-govt. Securities ties
- shares and debentures
- public limited company securities
- Match List I with List II and select the correct answer using the codes given below the lists:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Commerce MCQs (Practice_Test 48 of 99) List-I List-II - Simple Association
- Federation
- Partial consolidation
- Complete Consolidation
- Pool
- Chamber of Commerce
- Merger
- Holding Company
- A
- B
- C
- D
- 3
- 1
- 2
- 4
- 2
- 4
- 1
- 3
- 2
- 1
- 4
- 3
- 3
- 2
- 4
- 1
- The combination of firms in successive stages of the same industry may be referred to as
- Horizontal integration
- Vertical integration
- Forward integration
- Backward integration
- Modernisation of an industrial unit involves mainly
- technological up gradation of its production process
- technological reorientation towards low-cost production
- reengineering the basics of production and procedures
- reduction in labour and cost to the absolute minimum
- Which one of the following statements is true?
- Supplier՚s credit and buyer՚s credit are one and same thing
- EXIM hank generally deals with export transactions above ₹ 5 crore
- The main focus of EXIM bank is on Export and Import credits for shortterm
- ECGC provides no protection against hazards of nature
- Which one of the following statements is true in the context of Import-Export Trade?
- Under a C & F contract, the cost of insurance is to be borne. By the buyer or the importer
- Marine insurance covers the risks during the sea voyages only
- The standard ‘all risks cover’ automatically covers war risk as well
- Under a C & F contract, the exporter need not bother about insuring goods
- The special facilities and benefits provided to approved Export Houses (EH) , Trading Houses (TH) and Star Trading Houses (STH) may be arranged in descending order as
- EH, TH and STH
- STH, EH and TH
- TH, STH and EH
- STH, TH and EH
- A letter of credit is opened on behalf of
- an exporter
- an importer
- a buying agent
- a bank
- Which of the following guarantees are offered by the ECGC which help the banks to extend credit to exporters?
- Packing credit guarantee
- Post shipment export credit guarantee
- Export production finance guarantee
- Transfer of funds guarantee
- Select the correct answer using the codes given below
- CODES:
- l, 2 and 3
- 2 and 3
- 1,3 and 4
- 1,2, 3 and 4
- CODES:
- Which of the following statements are correct?
- Bill of lading is a document of title.
- Green shipping bill is used for export of goods entitled to duty draw back.
- An airway bill is not a document of title.
- A consular invoice and a proforma invoice are one and the same.
- 2 and 4
- 1,3 and 4
- 1,2 and 4
- 1,2 and 3
- Actuary is a person who
- acts as an insurance agent
- certifies the loss incurred by the insured
- audits claims relating to insurance claims
- computes the net liability of an insurance business
- Life insurance is a contact on the life-of a man in which the insurer promises to pay a sum of money. For the Consideration of a definite premium, to the insured person on his death or on attaining a particular age. Which one of the following assumptions is implicit in the above definition?
- It is a contract of indemnity
- It is a contract of guarantee
- It is a contract of compensation
- It is a contract of return on investment
- ‘Causa promixa’ implies that the loss must arise from
- the nearest place
- an ascertainable source
- the cause insured against
- unforeseen sources
- Which of the following risks are NOT covered by a marine insurance policy?
- Damage caused by delay in ships transit
- Damage caused by unsuitable package
- Loss due to sinking of the vessel
- Loss due to jettison
- Select the correct answer using the codes given below
- 1,3 and 4
- 1 and 2
- 2 and 4
- 1,2, 3