McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 301. |
Which of the following company is under cooperative sector? |
| A. | DCM Limited |
| B. | Voltas Ltd |
| C. | IFFCO |
| D. | BARC |
| E. | Rs. 17,50,500 |
| Answer» C. IFFCO | |
| 302. |
Indicate the group of persons who gain from inflation |
| A. | Stock holders |
| B. | Bond holders |
| C. | Debetures holders |
| D. | Fixed deposit holders |
| E. | Improved labour relations |
| Answer» A. Stock holders | |
| 303. |
At break-even point, total cost is equal |
| A. | fixed cost |
| B. | variable cost |
| C. | income |
| D. | none of the above |
| E. | None of the above |
| Answer» C. income | |
| 304. |
Balanced growth means |
| A. | Equal percentage growth in output |
| B. | Equal increase in resources allocated |
| C. | Different parts of the economy grow in a harmonious manner |
| D. | Different fields grow in a natural rate |
| E. | None of the above |
| Answer» C. Different parts of the economy grow in a harmonious manner | |
| 305. |
Fountain pen and ink are |
| A. | independent goods |
| B. | substitute goods |
| C. | complimentary goods |
| D. | classified goods |
| E. | Rs. 17,50,500 |
| Answer» C. complimentary goods | |
| 306. |
The main disadvantage of line organisation is |
| A. | Communication delay |
| B. | Rigid structure |
| C. | Top level executions over work |
| D. | All the above |
| E. | None of the above |
| Answer» D. All the above | |
| 307. |
A worker's real wages are determined by |
| A. | The average daily wage |
| B. | The purchasing power of his earnings |
| C. | The money value of his production |
| D. | The actual amount paid in lieu of work done |
| E. | Any of the above |
| Answer» C. The money value of his production | |
| 308. |
Which of the following is not a financing institution? |
| A. | IFCI |
| B. | IDBI |
| C. | FCI |
| D. | IRCI |
| E. | Rs. 17,50,500 |
| Answer» C. FCI | |
| 309. |
Which of the following place is not associated with steel plant? |
| A. | Salem |
| B. | Visakhapatnam |
| C. | Bhadravati |
| D. | Udaipur |
| E. | Rs. 17,50,500 |
| Answer» D. Udaipur | |
| 310. |
Which of the following is not wealth? |
| A. | Office building |
| B. | Goodwill of a firm |
| C. | Services of a consultant |
| D. | Water in sea |
| E. | Rs. 17,50,500 |
| Answer» D. Water in sea | |
| 311. |
Which of the following item enjoys governemtn subsidy? |
| A. | Fertiliser |
| B. | Petroleum |
| C. | Cooking gas |
| D. | Cloth |
| E. | Rs. 17,50,500 |
| Answer» A. Fertiliser | |
| 312. |
A captive power plant is |
| A. | established by a industry to meet its own requirements |
| B. | an emergency power plant for peak load |
| C. | a power plant operated in case of emergency only |
| D. | one which directly drives the machine without producing electrical energy |
| E. | Rs. 17,50,500 |
| Answer» A. established by a industry to meet its own requirements | |
| 313. |
Rourkela steel plant has been established in collaboration with |
| A. | UK |
| B. | Germany |
| C. | USSR |
| D. | USA |
| E. | Rs. 17,50,500 |
| Answer» B. Germany | |
| 314. |
The most frequent form of occupational disease is produced by |
| A. | Skin irritants |
| B. | Noise |
| C. | Contamination |
| D. | Radiation |
| E. | Job specification |
| Answer» A. Skin irritants | |
| 315. |
In a field you see ten workers harvesting raice with bare hands. The reapers are not unemployed. Then this is a case of |
| A. | Under production |
| B. | Lack of skill |
| C. | Labour intensive production |
| D. | Bonded labour system |
| E. | Disguised unemployment |
| Answer» E. Disguised unemployment | |
| 316. |
The imposition of a tariff by country A on imports from country B |
| A. | Always benefits A |
| B. | Always benefits B |
| C. | May benefit A, if B does not retaliate |
| D. | Could benefit both countries provided B retaliates |
| E. | Depends on the shape of reciprocal demands |
| Answer» E. Depends on the shape of reciprocal demands | |
| 317. |
Equilibrium exists between |
| A. | Buyers and sellers |
| B. | Supply and demand |
| C. | Price and quality |
| D. | Quantity and quantity |
| E. | All of the above |
| Answer» E. All of the above | |
| 318. |
An industrial dispute is a dispute, disagreement or difference between |
| A. | Management and government |
| B. | Management and workers |
| C. | Workers and workers |
| D. | Trade unions and trade unions |
| E. | (A), (C) and (D) only |
| Answer» E. (A), (C) and (D) only | |
| 319. |
Which of the following is not ensured in a socialistic system of economy? |
| A. | Economic equality |
| B. | Economic stability |
| C. | Private initiative |
| D. | Best optimum use of available resources |
| E. | Rs. 17,50,500 |
| Answer» C. Private initiative | |
| 320. |
Time study is not used |
| A. | To determine overhead expenses |
| B. | To provide a basis for setting piece prices or incentive wages |
| C. | To determined standard costs |
| D. | To determine the number of machines a person may run |
| E. | To compare alternative method |
| Answer» A. To determine overhead expenses | |
| 321. |
Which of the following is not a feature of developed economy? |
| A. | Predominance of industries |
| B. | High per capita income |
| C. | Predominance of indirect taxes |
| D. | High rate of capital formation |
| E. | Rs. 17,50,500 |
| Answer» C. Predominance of indirect taxes | |
| 322. |
Standard time is defined as |
| A. | Normal time |
| B. | Normal time + allowances |
| C. | Normal time + avoidable delays + allowances |
| D. | Normal time + unavoidable delays + allowances |
| E. | Normal time + idle time + allowances |
| Answer» B. Normal time + allowances | |
| 323. |
In work study the symbol D implies |
| A. | Delay |
| B. | Transport |
| C. | Operation |
| D. | Inspection |
| E. | Temporary storage |
| Answer» A. Delay | |
| 324. |
Division of labour is helpful in |
| A. | batch production |
| B. | mass production |
| C. | quality assurance |
| D. | bulky goods |
| E. | Rs. 17,50,500 |
| Answer» B. mass production | |
| 325. |
According to Mc Gregor's theory of management |
| A. | All managers are complex in behaviour and it is difficult to get work done |
| B. | X managers in organisation will not work and Y managers will work. The ratio X/Y depends on the organisational set up |
| C. | The ratio X/Y is always on 0.5 for any organisation |
| D. | X theory managers pressume that the average human being has an inherent dislike of work and will avoid it if he can |
| E. | None of the above |
| Answer» D. X theory managers pressume that the average human being has an inherent dislike of work and will avoid it if he can | |
| 326. |
In order to promote sales a company spends considerable amount on publicity by way of campaign on radio, TV, advertisement in papers etc. Such expenses in break even analysis are shown under |
| A. | Fixed cost |
| B. | Variable costs |
| C. | Total costs line |
| D. | Total sales line |
| E. | Not shown in break even chart |
| Answer» B. Variable costs | |
| 327. |
MRO inventories are |
| A. | Machine repairs or Operation supplies |
| B. | Money on repairs |
| C. | Maintenance repair and Operation supplies |
| D. | Mainly repair operations supplies |
| E. | None of the above |
| Answer» C. Maintenance repair and Operation supplies | |
| 328. |
Essential feature of deflation is |
| A. | Fall in prices |
| B. | Fall in exports |
| C. | Rise in production |
| D. | All of the above |
| E. | None of the above |
| Answer» A. Fall in prices | |
| 329. |
Assuming the statistical information is available, which of the following is the best measure of an increase in a country's economic efficiency? |
| A. | Increase in real national income |
| B. | Increase in real national income per head of the working population |
| C. | Increase in net annual investment |
| D. | Increase net annual private investment |
| E. | Increase in transactions involving transfer of money |
| Answer» B. Increase in real national income per head of the working population | |
| 330. |
The "system approach" to motivation attempts to avoid the incompleteness or one sidedness of other approaches to behaviour is made by integrating these kinds of motivational inputs |
| A. | Individual, group and environmental factors |
| B. | Roles, forms and traditions |
| C. | Social, economic and political influences |
| D. | Instinctual, lognitive and cultural effects |
| E. | None of the above |
| Answer» A. Individual, group and environmental factors | |
| 331. |
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 | |
| 332. |
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 | |
| 333. |
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 | |
| 334. |
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 | |
| 335. |
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 | |
| 336. |
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 | |
| 337. |
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 | |
| 338. |
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 | |
| 339. |
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 | |
| 340. |
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 | |
| 341. |
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 | |
| 342. |
A consultant is usually compensated by way of |
| A. | salary |
| B. | perks |
| C. | dividend |
| D. | fee |
| E. | Rs. 17,50,500 |
| Answer» D. fee | |
| 343. |
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 | |
| 344. |
Overtime payment is a |
| A. | perquisite |
| B. | bonus |
| C. | demand |
| D. | incentive |
| E. | Rs. 17,50,500 |
| Answer» D. incentive | |
| 345. |
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 | |
| 346. |
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 | |
| 347. |
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 | |
| 348. |
Placement is |
| A. | Matching |
| B. | Judging |
| C. | Hiring |
| D. | Finding |
| E. | None of the above |
| Answer» A. Matching | |
| 349. |
Fringe benefit refer to |
| A. | Extra remuneration |
| B. | Overtime |
| C. | Non-wages |
| D. | Extra capital earning |
| E. | Bonus system |
| Answer» C. Non-wages | |
| 350. |
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 | |
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