McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 251. |
Capital gains are |
| A. | Unanticipated increases in income |
| B. | Income from lottery |
| C. | Income through interest earned on invetment |
| D. | Income of dividends, received from companies |
| E. | Unanticipated changes in value of property relative to the goods |
| Answer» E. Unanticipated changes in value of property relative to the goods | |
| 252. |
Who among the following offers service utility? |
| A. | Teacher |
| B. | Peon |
| C. | Philosopher |
| D. | Doctor |
| E. | Rs. 17,50,500 |
| Answer» D. Doctor | |
| 253. |
A good organisation requires that |
| A. | Every body should feel responsibility |
| B. | Every body should be authorised to get any work done for expeditious disposal |
| C. | Frequent change in responsibility so that every body gets the taste of every job |
| D. | Communication system should be dull so that secrets do not leakout |
| E. | Responsibilities should be clearly defined |
| Answer» E. Responsibilities should be clearly defined | |
| 254. |
If the price of tea rises and that of coffee falls |
| A. | More tea will be bought |
| B. | More coffee will be bought |
| C. | More sugar will be bought |
| D. | More tea and less coffee will be bought |
| E. | Demand will depend upon the price difference |
| Answer» B. More coffee will be bought | |
| 255. |
Which of the following is an indirect tax? |
| A. | Gift tax |
| B. | Estate duty |
| C. | Income tax |
| D. | Import duty |
| E. | Rs. 17,50,500 |
| Answer» D. Import duty | |
| 256. |
The mass production generally refers to |
| A. | Large scale production |
| B. | Flow production |
| C. | Machine production |
| D. | Computerized production |
| E. | None of the above |
| Answer» A. Large scale production | |
| 257. |
Standing orders are certified by |
| A. | Management |
| B. | Workers |
| C. | Workers union |
| D. | Management and workers union |
| E. | Certifying officer of government |
| Answer» E. Certifying officer of government | |
| 258. |
The appellate authority for an industrial dispute is |
| A. | Management |
| B. | Labour court |
| C. | High court/Supreme court |
| D. | Labour Minister state/centre |
| E. | Government |
| Answer» C. High court/Supreme court | |
| 259. |
Which one of the following will not affect the efficiency of labour? |
| A. | Education and training |
| B. | Better working conditions |
| C. | Higher prices for final products |
| D. | Improved medical service |
| E. | All of the above |
| Answer» D. Improved medical service | |
| 260. |
Market demand for any good is a function of the |
| A. | Price per unit of the good |
| B. | Price per unit of other goods |
| C. | Incomes of consumers |
| D. | Tastes of consumers |
| E. | All of the above |
| Answer» E. All of the above | |
| 261. |
The demand for luxuries is |
| A. | constant |
| B. | elastic |
| C. | inelastic |
| D. | fixed |
| E. | Rs. 17,50,500 |
| Answer» B. elastic | |
| 262. |
Scheduling is the determination of |
| A. | When and at what rate the products will be put out and the relative times at which specific activities shall occur |
| B. | Actual production, how work is to be processed and what machines are to be used |
| C. | Putting right jobs on right machines and at right times |
| D. | Capacity of machines to do the job |
| E. | None of the above |
| Answer» A. When and at what rate the products will be put out and the relative times at which specific activities shall occur | |
| 263. |
Devaluation is resorted to |
| A. | Belittle foreign currencies |
| B. | Encourage exports |
| C. | Give more value to home currency |
| D. | Tide over post war difficulties |
| E. | All of the above |
| Answer» A. Belittle foreign currencies | |
| 264. |
As a result of heavy taxes on a commodity its supply |
| A. | increases |
| B. | decreases |
| C. | remains unaffected |
| E. | Rs. 17,50,500 |
| Answer» B. decreases | |
| 265. |
During inflation |
| A. | prices rise |
| B. | prices drop |
| C. | prices remain unchanged |
| D. | prices fluctuate heavily |
| E. | Rs. 17,50,500 |
| Answer» A. prices rise | |
| 266. |
Saving is that portion of income that is |
| A. | spent on luxuries |
| B. | not spent on consumption |
| C. | retained by the employer |
| D. | none of the above |
| E. | Rs. 17,50,500 |
| Answer» B. not spent on consumption | |
| 267. |
In work study the symbol => implies |
| A. | Delay |
| B. | Transport |
| C. | Operation |
| D. | Inspection |
| E. | Temporary storage |
| Answer» B. Transport | |
| 268. |
Under progressive tax |
| A. | the tax rate goes on increasing with an increase in the level of income |
| B. | the tax rate is constant |
| C. | the tax rate goes on decreasing with an increase in the level of income |
| D. | the tax rate is inversely proportional to the net income |
| E. | Rs. 17,50,500 |
| Answer» A. the tax rate goes on increasing with an increase in the level of income | |
| 269. |
Bin cards are used in |
| A. | Machine loading |
| B. | Accounts |
| C. | Stores |
| D. | Quality control |
| E. | Preventive maintenance |
| Answer» C. Stores | |
| 270. |
One of the essential conditions of perfect competition is |
| A. | Product differentiation |
| B. | Multiplicity of prices for identical product at any one time |
| C. | Many sellers and few buyers |
| D. | Many sellers and few sellers |
| E. | Only one price for identical goods at any one time |
| Answer» C. Many sellers and few buyers | |
| 271. |
Law of demand correlates |
| A. | quality and quantity |
| B. | quality and price |
| C. | quantity and price |
| D. | price and profit |
| E. | Rs. 17,50,500 |
| Answer» C. quantity and price | |
| 272. |
Which is the most commonly used job evaluation system |
| A. | Factor |
| B. | Renting |
| C. | Point |
| D. | Grade description |
| E. | None of the above |
| Answer» C. Point | |
| 273. |
Which of the following tax is separately imposed by central as well as state governments? |
| A. | Entertainment tax |
| B. | Sales tax |
| C. | Income tax |
| D. | Import duty |
| E. | Rs. 17,50,500 |
| Answer» B. Sales tax | |
| 274. |
A synthetic process is one that |
| A. | Combines several different ingredients or assembles numerous component parts to manufacture a product |
| B. | Starts with basic raw materials and breaks it down into various constituent products |
| C. | Is characterized by an uninterupted flow of operations from raw materials to end product |
| D. | Involves operations which are repeated in the same way |
| E. | Involves non-repetitive operations |
| Answer» A. Combines several different ingredients or assembles numerous component parts to manufacture a product | |
| 275. |
Shares can be purchased and sold in |
| A. | nationalised banks |
| B. | financial corporations |
| C. | stock exchanges |
| D. | non-nationalised banks |
| E. | Rs. 17,50,500 |
| Answer» C. stock exchanges | |
| 276. |
Pessimistic time is |
| A. | The maximum time which an activity might require |
| B. | The average time required for a job |
| C. | The time which has the highest probability of occurrence associated with it |
| D. | The minimum time in which an activity can possibly be accomplished |
| E. | The earliest possible time that an event can be reached or an activity completed. |
| Answer» A. The maximum time which an activity might require | |
| 277. |
The principle of management by exception is most likely to be applied in the management function of |
| A. | Planning |
| B. | Organizing |
| C. | Directions |
| D. | Control |
| E. | All of the above |
| Answer» D. Control | |
| 278. |
For an organisation those costs which do not, increase as output increases, are known as |
| A. | Fixed costs |
| B. | Variable costs |
| C. | Total costs |
| D. | Average fixed costs |
| E. | Average total costs |
| Answer» A. Fixed costs | |
| 279. |
The population of a city was 6.4 million at the beginning of a becade and rose to 8.1 million by the end of the decade. Assuming the rate of growth to be constant, the size of population in the middle of the decade was |
| A. | 6.25 million |
| B. | 6.75 million |
| C. | 7.25 million |
| D. | 7.75 million |
| E. | Rs. 17,50,500 |
| Answer» C. 7.25 million | |
| 280. |
Which of the following is not normally classified as a "payment for time not worked"? |
| A. | Pension |
| B. | Severance pay |
| C. | Sick leave |
| D. | Duty time |
| E. | Special leave |
| Answer» A. Pension | |
| 281. |
What should a wise manager try to do about the informal communication system (the grapevine) that exists (virtually within) every formal organization? |
| A. | Destroy it |
| B. | Ignore it |
| C. | Impede its flow of messages whenever possible |
| D. | Use it as a supplement to the formal system |
| E. | None of the above |
| Answer» D. Use it as a supplement to the formal system | |
| 282. |
Skilled men receive higher wages than unskilled because |
| A. | The job is more difficult |
| B. | The limited supply of skilled men |
| C. | the productivity of skilled men is greater than that of unskilled men |
| D. | Skilled men possesses certain attributes which the unskilled men do not and therefore earn economic rent |
| E. | All of the above |
| Answer» E. All of the above | |
| 283. |
First free trade zone in India was established in |
| A. | Bombay |
| B. | Calcutta |
| C. | New Delhi |
| D. | Madras |
| E. | Trivandrum |
| Answer» A. Bombay | |
| 284. |
Appraisal is |
| A. | Judging |
| B. | Finding |
| C. | Hiring |
| D. | Matching |
| E. | None of the above |
| Answer» A. Judging | |
| 285. |
Wage and salary criteria are primarily used to determine |
| A. | Pay structures |
| B. | Incentives |
| C. | Cost of living raises |
| D. | Productivity |
| E. | None of the above |
| Answer» A. Pay structures | |
| 286. |
Locating an individual onject from a group is |
| A. | select |
| B. | grasp |
| C. | position |
| D. | hold |
| E. | Waiting time |
| Answer» A. select | |
| 287. |
The deductions for Employees Provident Fund start |
| A. | Immediately on joning the service |
| B. | After one month of joining the service |
| C. | After 120 days of joining of service |
| D. | After 240 days of joining the service |
| E. | After one year of joining the service |
| Answer» D. After 240 days of joining the service | |
| 288. |
Trade will occur when |
| A. | Personnel values are different |
| B. | Middle-men can profit by making trade |
| C. | The exchange leads to more preferred situation for the traders |
| D. | There is enough disparity between the consumption-substitution ratios to cover the costs of trades |
| E. | All of the above |
| Answer» E. All of the above | |
| 289. |
Which of the following is not a form utility? |
| A. | A carpenter |
| B. | A transporter |
| C. | A craftsman |
| D. | A blacksmith |
| E. | Rs. 17,50,500 |
| Answer» B. A transporter | |
| 290. |
A vertical demand curve for a commodity shows that demand is |
| A. | Highly elastic |
| B. | Perfectly melastic |
| C. | Fairly elastic |
| D. | Moderately elastic |
| E. | Totally inelastic |
| Answer» E. Totally inelastic | |
| 291. |
Emerson plan is based on |
| A. | standard time |
| B. | time save |
| C. | time worked |
| D. | none of the above |
| E. | None of the above |
| Answer» C. time worked | |
| 292. |
Which of the following creates time utility? |
| A. | Bank cashier |
| B. | Carpenter |
| C. | Farmer |
| D. | Trader |
| E. | Clerk |
| Answer» C. Farmer | |
| 293. |
Gross national income minus net national income equals |
| A. | cost |
| B. | taxes |
| C. | depreciation |
| D. | wages |
| E. | Rs. 17,50,500 |
| Answer» C. depreciation | |
| 294. |
Price elasticity of demand is best defined as |
| A. | The change in the tastes of consumers at different prices |
| B. | The rate of response of demand to a change in supply |
| C. | The change in costs when output is increased by one unit |
| D. | The rate of response of demand to a change in price |
| E. | Being depended on whether the goods are a lusury or not |
| Answer» D. The rate of response of demand to a change in price | |
| 295. |
The advantage of mass production is |
| A. | better quality |
| B. | use of new technology |
| C. | sophistication |
| D. | reduced cost of production |
| E. | Rs. 17,50,500 |
| Answer» D. reduced cost of production | |
| 296. |
Which of the following depicts joint demand? |
| A. | Magazine and newspaper |
| B. | Coffee and tea |
| C. | Lipstick and nail polish |
| D. | Paper and book |
| E. | Tooth paste and brush |
| Answer» E. Tooth paste and brush | |
| 297. |
In wimplex method of linear programming the objective row of the matrix consists of |
| A. | Coefficient of the objective function, which is the profit contribution per unit of each of the products |
| B. | Names of the variables of the problems |
| C. | Slack variables |
| D. | Any of the above |
| E. | None of the above |
| Answer» A. Coefficient of the objective function, which is the profit contribution per unit of each of the products | |
| 298. |
Floating of a currency leads to |
| A. | Devaluation |
| B. | Revaluation |
| C. | Over-valuation |
| D. | Either revaluation or devaluation |
| E. | Either revaluation or over-valuation |
| Answer» D. Either revaluation or devaluation | |
| 299. |
Time standards developed as a result of time study may be used for |
| A. | Wage incentives |
| B. | Plant layout |
| C. | Budgetary control |
| D. | Equipment selection |
| E. | Any of the above |
| Answer» E. Any of the above | |
| 300. |
In case of paper money the face value is |
| A. | less than its intrinsic value |
| B. | more than its intrinsic value |
| C. | same as its intrinsic value |
| E. | Rs. 17,50,500 |
| Answer» B. more than its intrinsic value | |
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