SEMESTER-I-MCQ ON BUSINESS ORGANIZATION SET-3/3
MCQ ON BUSINESS ORGANIZATION
SET-3/3
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PART-10 OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
1. In what quantity does a wholesaler buy each?
A.small
B.large
C.both
D. none of these
Answer – B
2. What quantity does the wholesaler each sell?
A.small
B.large
C.both
D. none of these
Answer – A
3. Does a seller trade in commodities?
A.Miscellaneous
B.Special
C.both
D. none of these
Answer – B
4. A wholesaler generally sells goods to ……………..
A. to the consumer
B. to the retailer
C. both
D. none of these
Answer – B
5. Wholesalers are a link between ……… and …………….
A. Manufacturer and retailer
B. consumer
C.Retailer
D. none of these
Answer – A
6. Which of the following are the characteristics of a wholesaler?
A. Buying in small quantities
B. trading in specific goods
C. make each sale in bulk
D. none of these
Answer – B
7. Which of the following is not a function of a wholesaler?
A. producing goods
B. aggregation of objects
C. Grading of goods
D. none of these
Answer – B
8. Wholesaler does not have direct services?
A. For producers
B. for retail traders
C. For Consumers
D. none of these
Answer – C
9. Do wholesalers sell goods?
A. Direct to consumers
B. Retailers
C. Traders who buy in bulk
D. none of these
Answer – A
10. After studying the following two statements, state which option is correct?
A. The wholesaler is an agent intermediary
B. The wholesaler is a merchant intermediary
a. only A is correct
b. only B is correct
c. both are correct
d. none of these
Answer – b
11. A wholesaler between whom the link is?
A. producer and consumer
B. Manufacturer and retailer
C. Retailers and Consumers
D. none of these
Answer – B
12. Those retail traders who do not have any fixed shops of their own and who sell goods by roaming from one place to another are called?
A. itinerant trader
B. traders of hands
C. street vendors
D. none of these
Answer – C
13. In which of the following countries departmental stores originated?
A.India
B. America
C.France
D.Germany
Answer – C
14. What is a large store dealing in retail trade in a variety of goods under one roof called?
A. general stores
B. chain stores
C. departmental stores
D. none of these
Answer – C
15. Which of the following are the retail stores of the manufacturers?
A. Departmental stores
B. majority shop
C. super market
D. none of these
Answer – B
16. In which country was the birth of trade by post?
A.Germany
B.China
C.Japan
D.United States
Answer – D
17. Super market is an example of?
A. departmental stores
B. business by post
C. majority of the shops
D. none of these
Answer – A
18. Which of the following is not a characteristic of retail trade?
A. Retail trade is the sale of goods to consumers
B. Retailer acts as a link between manufacturers and sellers
C. Retailers buy and sell goods each in large quantities.
D. none of these
Answer – C
19. In the chain of retail trade distribution………. link?
A. middle
B. first
C. fifth
D.last
Answer – D
20. Does the retailer sell goods?
A. Consumers
B.Wholesaler
C.both
D. none of these
Answer – A
21. A majority of shops are …………… compared to departmental stores. Sell items at cost?
A.low
B. high
C.both
D. none of these
Answer – A
22. A departmental store is a retail establishment trading on the scale of …….
A.large
B.small
C.both
D. none of these
Answer – A
23. What are majority stores called in the United States of America?
A. Departmental stores
B. Trade by post
C. chain stores
D. none of these
Answer – C
22. A departmental store is a retail establishment trading on the scale of …….
A.large
B.small
C.both
D. none of these
Answer – A
23. What are majority stores called in the United States of America?
A. Departmental stores
B. Trade by post
C. chain stores
D. none of these
Answer – C
24. Selling goods to a foreign merchant is called?
A. Import
B.Export
C.both
D. none of these
Answer – B
25. By whom are majority of the shops opened and run?
A.Producers
B. consumers
C.both
D. none of these
Answer – A
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PART-11
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1. What are the documents used in the bill of lading?
A. Foreign trade
B. domestic trade
C.both
D. none of these
Answer – A
2. Sending an order directly to a foreign manufacturer for importing goods is called?
A.order
B. Mandate
C.both
D. none of these
Answer – A
3. An agreement to hire complete tests for sending goods abroad is called?
A. ship billet
B. Charter Bill
C.both
D. none of these
Answer – B
4. The ship is transferred by the owner of the billet?
A.goods
B.shipping company
C.both
D. none of these
Answer – B
5. Which of the following is a document of title to goods?
A. ship billet
B. Certificate of Origin
C. Captain's Receipt
D. none of these
Answer – A
6. What is issued by the shipping company when the entire vessel is chartered?
A.ship order
B. Charter Party
C. Captain's Receipt
D. none of these
Answer – B
7. What is the meaning of order letter?
A. Order sent directly to manufacturer
B. Order sent through export agent
C. Order given by the shipping company to the captain of the ship
D. none
Answer – B
8. Who issues the Captain's Receipt?
A.Exporter
B. importer
C. Shipping company to the captain of the ship
D. none of these
Answer – C
9. How many copies of ship bills are made?
A.2
B.3
C.4
D. none of these
Answer – C
10. "Finance is the name of the art and science of receiving and spending money". Is this the definition?
A. Good Man
B. Hastings
C.Rajesh Kumar
D. Rahman
Answer – B
11. What are the aspects of finance from managerial point of view?
A. Receipt of Funds
B. Expenditure of funds
C. Rationing of Funds
D. none of these
Answer – D
12. Finances are concerned?
A. currency
B. Expenditure of funds
C. monetary resources
D. none of these
Answer – C
13. Equity share is called?
A. Risk capital
B.venture capital
C. Ownership capital
D. none of these
Answer – D
14. The share of a company whose financial condition is very strong is called?
A. growth factor
B. preference share
C. Blue Chips Fraction
D. none of these
Answer – C
15. The specialty of the letter of credit is that it –
A. Long term loans are
B. Interest is paid on these
C. They can be bought or sold in the market
D. all of the above
Answer – D
16. The market for short term loans is called?
A. short notice credit market
B. acceptance market
C. discount market
D. money market
Answer – D
17. The bill on which no approval is required is called?
A. bill of exchange
B.help heart
C. Treasury Bill
D. none of these
Answer – C
18. Commercial banks are required to maintain their S.L.R. The market which helps in meeting the expectations of the people is called?
A. discount market
B. Bill Bazar
C. short notice subsidiary market
D. none of these
Answer – C
19. Commercial paper started in India?
A.1951
B.1950
C.2000
D.1998
Answer – B
20. Are IBCs issued in India?
A.Since 1951
B.since 1950
C. both a and b
D.for 10 days
Answer – C
21. Which of the following is not a part of capital market?
A. old capital market
B. new issue market
C. best security
D. commercial paper market
Answer – D
22. What is the old issue market called?
A. Securities Market
B. primary market
C.stock exchange
D. none of these
Answer – A
23. Paperless training started in India?
A. Since the inception of CDSL
B. since the establishment of NSDL
C. From the establishment of UTI
D. both a and b
Answer – D
24. Which of the following statements is incorrect?
A. The capital market in India is controlled by the capital issue regulator
B. G.D.R. the dollar is the dominant instrument
C. SEBI was given statutory status in 1992
D. NSE has established NCC
Answer – A
25. Which of the following are the factors leading to increase in the value of securities?
A. economic prosperity
B. Issue of Debentures
C. Political Movement
D. increase in bank rate
Answer – A
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PART-12 OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
1. Does a partner have implied rights?
A. To acquire fixed assets on behalf of the firm
B. To admit a partner on behalf of the firm
C. To take loan on behalf of the firm
D. none of these
Answer – C
2. What is meant by Limited Partnership form of business organization?
A. The liability of all the partners is limited
B. The liability of some partners is limited
C. To take loan on behalf of the firm
D. none of these
Answer – B
3. Limited Partnership Organization Method –
A. legally acceptable in India
B. Not legally acceptable in India
C. Perfection prevails in India
D. none of these
Answer – B
4. If a firm is not registered with the Registrar of Firms –
A. The firm cannot sue the partners
B. Partners can sue against the firm
C. Partners can file suit against third parties
D. all of these
Answer – A
5. A nominal partner –
A. does not have the right to share in the profits of the firm
B. is not liable for the acts of other partners
C. is not liable to third parties
D. none of these
Answer – A
6. A company is called an artificial person because –
A. It does not exist as a natural person
B. It is invisible and intangible
C. It exists only in the eyes of law
D. none of these
Answer – C
7. A promoter is a person who –
A. Attends company's conference
B. is an operator
C. is a relative of the Managing Director
D. none of these
Answer – A
8. Can a private company start business?
A.any time
B. After making the certificate of incorporation
C. After obtaining the certificate of commencement of business
D. all of these
Answer – B
9. Registration of Joint Stock Company –
A. mandatory
B.necessary
C.not necessary
D. all of these
Answer – A
10. What should a private limited company do?
A. Prospectus must be issued
B. neither issue return nor file statement in lieu thereof
C. Details must be filed
D. none of these
Answer – C
11. A private company is one where –
A. There are restrictions on transfer of shares
B. Shares can be bought and sold on the stock exchange
C. There is no restriction on transfer of share
D. none of these
Answer – A
12. Which of the following documents defines the scope of activities of a company?
A. Councilor Limit Rules
B.Details
C. principles and rules
D. none of these
Answer – A
13. Table 'A' of Schedule I of the Indian Companies Act illustrates the pattern?
A. Description
B. Councilor Limit Rules
C. public limited companies
D.all
Answer – C
14. Must a prospectus be issued?
A. Within 90 days of its registration
B. Within 30 days of registration
C. immediately after registration
D. all of these
Answer – A
15. A company is deemed to be registrar when –
A. She obtains a certificate of incorporation from the Registrar of Companies
B. She obtains a certificate of commencement of business from the Registrar of Companies
C. She actually starts the business
D. none of these
Answer – A
16. Who among the following can become the director of the company?
A. a particular person
B. a firm
C. a issued body
D. none of these
Answer – A
17. Which of the following is the highest administrative organ of the company?
A. shareholder
B. Managing Director
C. Board of Directors
D. none of these
Answer – C
18. What is the minimum requested capital to be obtained?
A.Within 60 days
B.in 10 days
C.50 days
D.90 days
Answer – B
19. Which one of the following securities is not callable?
A. Equity Share
B. preference share
C. debenture
D. none of these
Answer – A
20. Which of the following securities are not proprietary securities?
A. Equity Share
B. preference shares
C. debenture
D. none of these
Answer – C
21. In which of the following the assignment of copyright is full of risk?
A. Equity Share
B. debenture
C. preference shares
D. none of these
Answer – A
22. In respect of which the rate of interest or dividend is not fixed?
A. Preference share
B. debenture
C.Share
D. equity share
Answer – D
23. Which of the following is paid last in respect of a company?
A. Preference share
B. debenture
C. equity share
D. all of these
Answer – C
24. Under which of the following circumstances the court can issue an order for compulsory winding up of the company?
A. If an error has been made in calling the statutory meeting and filing the statutory report with the registrar of companies
B. If the number of members is less than 7 in a public company and 2 in a private company
C. In both the above situations
D. none of these
Answer – C
25. The liability of the shareholders of a public company is limited?
A. Up to the paid up value of the shares
B. up to the amount called
C. up to the nominal value of the shares
D. none of these
Answer – B
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PART-13 OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
1. Majority of the shops sell ………….type of items?
A. only one
B.many
C.both
D. none of these
Answer – A
2. Super markets sell goods at …….. prices from the markets.
A. affordable
B.expensive
C.both
D. none of these
Answer – B
3. Retailers only………. Who do you provide service to?
A.Producers
B. consumer
C.both
D. none of these
Answer – B
4. Only ………… are sold at the majority of the shops?
A. Cash
B. Borrowing
C.both
D. none of these
Answer – A
5. Do wholesalers sell merchandise?
A. Direct to consumers
B. Retailers
C. Consumers
D. by post
Answer – B
6. Provides financial assistance to producers?
A.Wholesaler
B.retailer
C.customer
D. none of these
Answer – A
7. Do wholesaler business?
A. in different things
B. in specific items
C. in industrial goods
D. none of these
Answer – B
8. Capital required for Wholesaler?
A. small amount
B. in nominal quantity
C. in large quantities
D. none of these
Answer – C
9. Control the price fluctuations?
A.Wholesaler
B.retailer
C.manufacturer
D. none of these
Answer – A
10. Works for storage of goods?
A.Retailer
B. producer
C.Wholesaler
D. none of these
Answer – C
11. Large quantity credit seller?
A.Wholesaler
B.retailer
C. producer
D. none of these
Answer – A
12. Makes less profit per unit?
A.Wholesaler
B. producer
C.retailer
D. none of these
Answer – A
13. Wholesaler to be removed?
A.necessary
B. desirable
C. undesirable
D. none of these
Answer – C
14. Wholesaler's services are not available?
A. For Retailers
B. For producers
C. For Consumers
D. none of these
Answer – C
15. In which of the following countries did departmental stores originate?
A.France
B. England
C. America
D.Japan
Answer – A
16. Departmental stores are most popular?
A.Japan
B.China
C.India
D. America
Answer – D
17. Available at most stores?
A. Uniformity in prices
B. Variation in prices
C. excess of prices
D. none of these
Answer – A
18. Are departmental stores best suited?
A. for the rich class
B. For poor class
C. For middle class
D. none of these
Answer – B
19. Which of the following is a retail organization of manufacturers?
A. Departmental stores
B. majority shop
C. super market
D. none of these
Answer – B
20. Does the retailer sell goods?
A. Consumers
B. producers
C. Wholesalers
D. none of these
Answer – A
21. In the field of business, which business has the largest number in India?
A. Manufacturers
B. Retailers
C. wholesalers
C. none of these
Answer – B
22. Whether to conduct audit in private undertaking?
A. Compulsory
B. unnecessary
C.Elective
D. all of these
Answer – C
23. Have complete privacy?
A. in private enterprise
B. In government undertaking
C.both
D. none of these
Answer – A
24. Are government undertakings important to the economy of India?
A.necessary
B. unnecessary
C. load
D.responsible
Answer – A
25. Professional Management is appointed?
A. In government undertakings
B. in video call
C.Resources
D. all three
Answer – A
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PART-14 OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
1. Are essential to business success?
A. Business personality
B. business reputation
C. strong organization
D. none of these
Answer – A
2. What are the main internal causes of failure in business?
A. enough resources
B. managerial inefficiency
C. internal dispute
D. none of these
Answer – B
3. What are the most important issues to consider before setting up a new business?
A. Determination of size
B. amount of capital
C. Choice of business
D. none of these
Answer – C
4. What is the most important quality of a successful businessman?
A. discipline dear
B. foresight
C. spirit of co-operation
D. none of these
Answer – B
5. What are the most important qualities of a successful businessman?
A. Education
B. personality
C. Ability to take initiative and make decisions
D. none of these
Answer – C
6. Is the liability of the owner in Sole Proprietorship?
A.Unlimited
B.Limited
C.both
D. all of these
Answer – A
7. What is the liability of the members in a joint stock company?
A.Unlimited
B.Limited
C.both
D. all of these
Answer – B
8. Are the partners liable in partnership?
A.Unlimited
B.Limited
C.both
D. all of these
Answer – A
9. Is partnership a risky business?
A.unsuitable
B.suitable
C. useless
D. all of these
Answer – A
10. Joint Hindu family business form of business organization is found in?
A. only in India
B. only in China
C. only in America
D. only in Russia
Answer – A
11. Which form of business organization is most stable?
A. Sole Proprietorship
B.Partnership
C. Joint Stock Company
D. none of these
Answer – C
12. Which form of organization would you prefer for the venture business?
A. Joint stock company
B.Partnership
C. Sole Proprietorship
D. all of these
Answer – A
13. What is the biggest difficulty of solo business?
A.small size
B. limited capital
C. Unlimited Liability
D. all of these
Answer – C
14. Is the liability of Sole Proprietorship limited?
A. To the extent of the value of the business as well as his personal assets
B. Capital raised by him
C. To the extent of the value of the assets in the business
D. none of these
Answer – A
15. Sole Proprietorship is best when –
A. Requires less capital
B. need more capital
C. Capital is not required
D. none of these
Answer – A
16. Is the scope of business sole proprietorship?
A.Limited
B.Unlimited
C. is widespread
D. all of these
Answer – A
17. Is Sole Proprietorship the future of India?
A. is bright
B. not good
C. useless
D. no future
Answer – A
18. Can a partnership come into existence?
A. By agreement only
B. By heir to the property
C. by written certificate
D. all of these
Answer – A
19. A manager who has a profit share?
A. Only the employees of the firm
B. can become a partner by operation of law
C. Can become a partner by position
D. none of these
Answer – A
20. What is the liability of a minor partner?
A.Unlimited
B.Limited
C. does not happen
D. not necessary
Answer – B
21. Only a nominal partner?
A. does not have the right to share in the profits of the firm
B. not liable for the acts of other partners
C. is not liable to third parties
D. none of these
Answer – A
22. What are the rights of preference share holders?
A. does not have the right to vote
B. has the right to vote
C. can be both
D. none of these
Answer – A
23. The Companies Act was first made in India?
A.1850
B.1978
C.1789
D.1990
Answer – A
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DR. PRAVEEN KUMAR-9760480884 OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
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