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Commerce Questions and Answers for Competitive Exams | Commerce Quiz Set 16

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Free Download as PDF Commerce Quiz Questions and Answers for Competitive Exams or solved MCQs with answers. These quiz objective questions are helpful for competitive exams SSC, UPSC, IAS, IPS, CDS, NDA, Railways or RRB, psc exams of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, West Bengal, Chhattisgarh, Uttarakhand, Jharkhand, Telangana etc.
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(1) A scale of measurement for a variable that considers order, distance and unique origin is known as
[1] Nominal Scale
[2] Interval Scale
[3] Ordinal Scale
[4] Ratio Scale
Answer: Ratio Scale
(2) Which of the following is a part of the central processing unit of a computer ?
[1] Hard Disk
[2] RAM
[3] Arithmetic Logic Unit
[4] Video Display Unit
Answer: Arithmetic Logic Unit

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(3) According to Henry Fayol, which of the following qualities are required in a manager ?
[1] Physical, mental, moral, educational, technical and experience
[2] Physical, mental, moral, administrative, technical and experience
[3] Physical, mental, moral, conceptual, technical and experience
[4] Physical, mental, moral, conceptual, technical and commercial
Answer: Physical, mental, moral, educational, technical and experience
(4) Which of the following organises the activities of a business around geographical, market or product groups ?
[1] Functional organisational structure
[2] Project organisational structure
[3] Matrix organisational structure
[4] Divisional organisational structure
Answer: Divisional organisational structure
(5) Which one of the following regarding the structural barriers to communication is correct ?
[1] Filtering and Inattention
[2] Emotions and Time pressure
[3] Credibility and Attitude
[4] Status and Specialisation
Answer: Status and Specialisation
(6) Though often criticized, the selling concept is particularly appropriate and effective with which of the following types of products ?
[1] Convenience
[2] Shopping
[3] Speciality
[4] Unsought
Answer: Unsought
(7) Your firm is attempting to divide up the total market to determine the best segments it can serve. Which is the correct order of doing so ?
[1] market segmentation, target marketing, market positioning
[2] target marketing, market positioning, market segmentation
[3] market positioning, market segmentation, target marketing
[4] mass marketing, demographic segmentation, psychographic segmentation
Answer: market segmentation, target marketing, market positioning
(8) SBI has applied to open branches in Pakistan in recent agreement between India and Pakistan at
[1] Islamabad and Karachi
[2] Rawalpindi and Sindh
[3] Lahore and Islamabad
[4] Lahore and Karachi
Answer: Lahore and Karachi
(9) As per the Foreign Trade Policy 2015-2020, a five star export house should have ?
[1] Export performance (FOB/FOR) of US $ 500 million during current and previous two years.
[2] Export performance (FOB/FOR) of US $ 1000 million during current and previous two years.
[3] Export performance (FOB/FOR) of US $ 1500 million during current and previous two years.
[4] Export performance (FOB/FOR) of US $ 2000 million during current and previous two years.
Answer: Export performance (FOB/FOR) of US $ 2000 million during current and previous two years.
(10) To become a director in a company the person must obtain
[1] Business Licence
[2] Director’s Licence
[3] TIN
[4] DIN
Answer: DIN
(11) Which of following is not a “Maharatna” industry in India ?
[1] CIL
[2] SAIL
[3] GAIL
[4] OIL
Answer: OIL
(12) Which of the following is not a cash inflow ?
[1] Decrease in creditors
[2] Issue of shares
[3] Decrease in debtors
[4] Sale of a fixed asset
Answer: Decrease in creditors
(13) Which one of the following is not the characteristic of normal distribution ?
[1] Mean, median and mode for the normal distribution are equal.
[2] The two tails of the normal curve extend to infinity in both directions but never touch the horizontal axis.
[3] For different values of standard deviation, the height of the mean ordinate remains the same
[4] The number of independent constraints of normal distribution are N, X and
Answer: For different values of standard deviation, the height of the mean ordinate remains the same
(14) Which of the following is a deterioration of mental efficiency, reality testing and moral judgement that results from in-group pressure ?
[1] Harassment
[2] Group burnout
[3] Group control
[4] Group think
Answer: Group think
(15) The apex body at the highest level of the unit/division, which oversees the functioning of quality circles, is called
[1] Facilitator
[2] Coordinator
[3] Steering committee
[4] Supervisory committee
Answer: Steering committee

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