McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 501. |
Reflation is |
| A. | same as deflation |
| B. | a controlled inflation of moderate degree |
| C. | a temporary phase in which there is more production than demand |
| D. | a condition under which production is regulated to be equal to demand |
| E. | Rs. 17,50,500 |
| Answer» B. a controlled inflation of moderate degree | |
| 502. |
Against which type of account a cheque can be drawn? |
| A. | Share account |
| B. | Current account |
| C. | Time deposit |
| D. | Debenture account |
| E. | All of the above |
| Answer» B. Current account | |
| 503. |
Which one is very sensitive to changes in iterest rate |
| A. | Supply of notes and coins |
| B. | Supply of bank money |
| C. | Speculative demand for money |
| D. | Transactions demand for money |
| E. | None of the above |
| Answer» C. Speculative demand for money | |
| 504. |
The price which covers the variable cost as well as the fixed price is |
| A. | Market price |
| B. | Long run price |
| C. | Short term price |
| D. | Equilibrium price |
| E. | Economic price |
| Answer» B. Long run price | |
| 505. |
F.W. Taylor introduced a system of working known as |
| A. | Line organisation |
| B. | Line and staff organisation |
| C. | Functional organisation |
| D. | Effective organisation |
| E. | None of the above |
| Answer» C. Functional organisation | |
| 506. |
A certain community needs Rs. 185090.62 to cover its expenses. If its tax rate is Rs. 1.43 per Rs. 100 of assessed value, what must be the assessed value of its property |
| A. | Rs. 12,870,005 |
| B. | 12,900,005 |
| C. | Rs. 12,943,400 |
| D. | 12,240,500 |
| E. | Rs. 17,50,500 |
| Answer» C. Rs. 12,943,400 | |
| 507. |
The annual financial statement of the estimated income and expenditure for the ensuring year is known as |
| A. | profit-loss account |
| B. | trading account |
| C. | budget |
| D. | barter |
| E. | Rs. 17,50,500 |
| Answer» C. budget | |
| 508. |
Economic development of a country depends more on |
| A. | Natural resources |
| B. | Capital formation |
| C. | Availability of market |
| D. | Entrepreneurs |
| E. | All of the above |
| Answer» B. Capital formation | |
| 509. |
Scheduling gives information as to |
| A. | when work should begin and how much work should be completed during certain period |
| B. | when the work should be completed |
| C. | how the time for completing a work is minimized |
| D. | none of the above |
| E. | None of the above |
| Answer» A. when work should begin and how much work should be completed during certain period | |
| 510. |
A rupee received in one year is not equivalent to a rupee received today, because the use of money has a value. This is the principal under |
| A. | Pay back method |
| B. | Average return on investment method |
| C. | Present value method |
| D. | Discounted cash flow method |
| E. | Cost accounting method |
| Answer» C. Present value method | |
| 511. |
Standing orders contain |
| A. | History of management of a factory |
| B. | Names of directors of company |
| C. | List of important officers of a company |
| D. | Serve conditions, leave, discipline rules etc., for officers |
| E. | Service conditions, leave, discipline rules etc., for workers |
| Answer» E. Service conditions, leave, discipline rules etc., for workers | |
| 512. |
A consultant is usually compensated by way of |
| A. | salary |
| B. | perks |
| C. | dividend |
| D. | fee |
| E. | Rs. 17,50,500 |
| Answer» D. fee | |
| 513. |
Which one of the following represents an event |
| A. | Curing of concrete |
| B. | Concrete cured |
| C. | Plastering of the walls |
| D. | Fixing of windows, doors, ventilators |
| E. | Fixing of electrical wiring. |
| Answer» B. Concrete cured | |
| 514. |
Overtime payment is a |
| A. | perquisite |
| B. | bonus |
| C. | demand |
| D. | incentive |
| E. | Rs. 17,50,500 |
| Answer» D. incentive | |
| 515. |
In India, telephone service comes under which market form |
| A. | Duopoly |
| B. | Bilateral monopoly |
| C. | Monopoly |
| D. | Perfect competition |
| E. | None of the above |
| Answer» C. Monopoly | |
| 516. |
Which act provides for lay off and retrenchment compensation? |
| A. | Minimum Wages Act |
| B. | Workmen's Compensation Act |
| C. | Employees State Insurance Act |
| D. | Employees Provident Fund Act |
| E. | Industrial Disputes Act |
| Answer» B. Workmen's Compensation Act | |
| 517. |
The economic function of middle-man is |
| A. | To exploit the parties involved in the exchange |
| B. | To ensure that parties to an exchange are made better off |
| C. | To make trade among individuals so that the middle-man realizes a profit |
| D. | Unjustified because the traders them selves could engage in trade and be better off if they did not pay the middle-men |
| E. | All of the above |
| Answer» E. All of the above | |
| 518. |
Placement is |
| A. | Matching |
| B. | Judging |
| C. | Hiring |
| D. | Finding |
| E. | None of the above |
| Answer» A. Matching | |
| 519. |
Fringe benefit refer to |
| A. | Extra remuneration |
| B. | Overtime |
| C. | Non-wages |
| D. | Extra capital earning |
| E. | Bonus system |
| Answer» C. Non-wages | |
| 520. |
Finance for small scale industries is not provided by |
| A. | State financial corporations |
| B. | State Bank of India |
| C. | Traveller's cheque |
| D. | Punjab National Bank |
| E. | Rs. 17,50,500 |
| Answer» C. Traveller's cheque | |
| 521. |
The economy of Soviet Union is |
| A. | Capitalist economy |
| B. | Command economy |
| C. | Cooperative economy |
| D. | Market economy |
| E. | Competitive economy |
| Answer» B. Command economy | |
| 522. |
If more is demanded at the same price or same quantity at a higher price, this fact of demand is known as |
| A. | Extension of demand |
| B. | Increase of demand |
| C. | Contraction of demand |
| D. | Decrease of demand |
| E. | Fluctuation of demand |
| Answer» B. Increase of demand | |
| 523. |
Which falls under the category of joint supply |
| A. | Cotton and clothq |
| B. | Coal tar and molasses |
| C. | Rice and husk |
| D. | Coffee and tea |
| E. | Electricity and transistor |
| Answer» C. Rice and husk | |
| 524. |
According to census the number of males per 1000 females in India is approximately |
| A. | 900 |
| B. | 937 |
| C. | 960 |
| D. | 990 |
| E. | 1050 |
| Answer» E. 1050 | |
| 525. |
The input-output analysis is often called as |
| A. | Cost benefit analysis |
| B. | Value analysis |
| C. | Analysis on marginal cost |
| D. | Non-pricing analysis |
| E. | Inter-industry analysis |
| Answer» A. Cost benefit analysis | |
| 526. |
Dispatching involves |
| A. | starting the work |
| B. | making plan correction |
| C. | collection data |
| D. | none of the above |
| E. | All of the above |
| Answer» A. starting the work | |
| 527. |
EXIM bank was established |
| A. | to ensure quality goods |
| B. | to promote exports |
| C. | to finance small scale entrepreneurs |
| D. | to finance sick industries |
| E. | Rs. 17,50,500 |
| Answer» B. to promote exports | |
| 528. |
Which of the following principal wage and salary issues and problems concerns the question of whether the entire pay structure is high, average or low in comparison with the general external labour market? |
| A. | Pay structure |
| B. | Pay level |
| C. | Pay control |
| D. | Payment method |
| E. | Individual pay determination |
| Answer» B. Pay level | |
| 529. |
An increase in demand that leads to an increase in wealth |
| A. | Will induce new firms to begin production |
| B. | Will induce existing firms to produce close substitutes |
| C. | Will induce both new and existing firms to bid resources away from other uses |
| D. | Will increase the value and hence the cost of resources used in producing that good |
| E. | All of the above |
| Answer» E. All of the above | |
| 530. |
Consumer goods' means |
| A. | All commodities for which there is a high demand by all types of consumers |
| B. | All goods other than free goods whose uses directly satisfies consumer wants |
| C. | All goods other than free goods used by consumers in order to earn their living |
| D. | All the factories and mines used by the community to satisfy their wants |
| E. | All tangible goods produced for consumption in a free economic system |
| Answer» A. All commodities for which there is a high demand by all types of consumers | |
| 531. |
An action probably engaged in by energetic manager is |
| A. | Controlling |
| B. | Organizing |
| C. | Decision making |
| D. | Directing |
| E. | None of the above |
| Answer» C. Decision making | |
| 532. |
Which of the following is a public sector undertaking? |
| A. | DCM Ltd. |
| B. | Larsen & Toubro Ltd |
| C. | Instrumentation Ltd. |
| D. | JK Synthetics Ltd. |
| E. | Rs. 17,50,500 |
| Answer» C. Instrumentation Ltd. | |
| 533. |
The symptoms of sickness of an industry are |
| A. | failure to pay statutory liabilities |
| B. | failure to pay timely instalment of principal and interest on loan |
| C. | low capacity utilisations |
| D. | All of the above |
| E. | Rs. 17,50,500 |
| Answer» D. All of the above | |
| 534. |
.An economy that does not permit product movements across its boundaries is known as |
| A. | collective economy |
| B. | closed economy |
| C. | micro economy |
| D. | macro economy |
| E. | Rs. 17,50,500 |
| Answer» B. closed economy | |
| 535. |
The average annual birth rate in India per 1000 is |
| A. | 1000 |
| B. | 400 to 500 |
| C. | 300 to 400 |
| D. | 30 to 40 |
| E. | 3 to 4 |
| Answer» D. 30 to 40 | |
| 536. |
People will tend to demand money if they think |
| A. | The rate of interest will fall |
| B. | The price of goods will fall |
| C. | The price of goods will rise |
| D. | The price of bonds will fall |
| E. | All of the above |
| Answer» C. The price of goods will rise | |
| 537. |
Essential attribute to wealth is |
| A. | utility |
| B. | scarcity |
| C. | transferability |
| D. | all of the above |
| E. | Rs. 17,50,500 |
| Answer» D. all of the above | |
| 538. |
A decrease in the quantity supplied to the market at given prices leads to |
| A. | A higher price and a contraction of demand |
| B. | A lower price and an expansion of demand |
| C. | A higher price and an expansion of demand |
| D. | A lower price and a contraction of demand |
| E. | None of the above |
| Answer» A. A higher price and a contraction of demand | |
| 539. |
Bar charts are suitable for |
| A. | Minor projects |
| B. | Major projects |
| C. | Large projects |
| D. | Inter-dependent projects |
| E. | None of the above |
| Answer» A. Minor projects | |
| 540. |
An event is indicated on the network by |
| A. | A straight line |
| B. | A number enclosed in a circle or a square |
| C. | A straight line with circles at the ends |
| D. | A dotted line |
| E. | An arrow |
| Answer» B. A number enclosed in a circle or a square | |
| 541. |
A SIMO (simultaneous motion cycle) chart is |
| A. | Graphic presentation of the separable steps of each pertinent body member of the individual |
| B. | A sketch of the part of a plant connected with a man's work on which lines are drawn indicating path the operator travels in performing the work |
| C. | A chart in which activities of a man are charted |
| D. | Graphic presentation of the separable steps a man performs when doing a task that requires him to move from place to place in the course of his work |
| E. | Reducing inventory costs |
| Answer» A. Graphic presentation of the separable steps of each pertinent body member of the individual | |
| 542. |
The employees Provident Fund act is acceptable to |
| A. | All industries |
| B. | Only small and medium industries |
| C. | Industries which volunteer for the same |
| D. | The industries notified by Government |
| E. | The trade unions notified by Government |
| Answer» D. The industries notified by Government | |
| 543. |
Wheniver a country devalues its currency, it generally stands to gain as a result of |
| A. | increased imports at lower prices |
| B. | increased exports |
| C. | fall in domestic prices |
| D. | increased domestic production |
| E. | Rs. 17,50,500 |
| Answer» B. increased exports | |
| 544. |
Affirmative ratio affects which staffing and appraisal subsets. |
| A. | Recuitment |
| B. | Selection |
| C. | Placement |
| D. | Appraisal |
| E. | All of the above |
| Answer» D. Appraisal | |
| 545. |
PERT has the following time estimates |
| A. | No time estimates |
| B. | One time estimate |
| C. | Two time estimates |
| D. | Three time estimates |
| E. | None of the above |
| Answer» D. Three time estimates | |
| 546. |
The term clearing house is associated with |
| A. | banks |
| B. | cooperatives |
| C. | foreign exchange |
| D. | free trade zones |
| E. | Rs. 17,50,500 |
| Answer» A. banks | |
| 547. |
Time study is |
| A. | The appraisal, in terms of time, of the value of work involving human effort |
| B. | Time taken by a operator to set the job in a machine |
| C. | The study of time that a group of workers will take to do a job |
| D. | The method of fixing hours for workers |
| E. | Method of determing the number of Supervisors needed in a workshop |
| Answer» A. The appraisal, in terms of time, of the value of work involving human effort | |
| 548. |
Pay level relates company wages to |
| A. | Labour costs |
| B. | Pay criteria |
| C. | External labour market conditions |
| D. | Minimum wage act |
| E. | None of the above |
| Answer» C. External labour market conditions | |
| 549. |
Which of the following were not management thinkers |
| A. | Taylor |
| B. | Drucker |
| C. | McGregor |
| D. | Galileo |
| E. | Parkinson |
| Answer» D. Galileo | |
| 550. |
Promoting people from within an organisation |
| A. | Is more economical than hiring from outside |
| B. | Can result in "inbreeding" |
| C. | Is faster than hiring from outside |
| D. | Provides a system for rewarding deserving employees |
| E. | All of the above |
| Answer» E. All of the above | |
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