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Commerce Questions and Answers for Competitive Exams | Commerce Quiz Set 8

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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) Matching essential managers and essential positions is a step in the process of :
[1] Career Cycle
[2] Career Planning
[3] Succession Planning
[4] Career Stages
Answer: Succession Planning
(2) Who has developed the ‘Systems Approach’ of industrial relations ?
[1] John Dunlop
[2] Garry S. Becker
[3] Michael J. Jucius
[4] Edwin B. Flippo
Answer: John Dunlop

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(3) In 1992, the banking sector reforms were introduced as per :
[1] C. Rangarajan Committee Report
[2] M. Narasimham Committee Report
[3] Suresh Tandulkar Committee Report
[4] Sukhamoy Chakrabarty Committee Report
Answer: M. Narasimham Committee Report
(4) For the purpose of extending rural banking and agro finance, the NABARD
[1] Directly lends and monitors the rural borrowers
[2] Refinances the banks extending rural finance
[3] Refinances the rural borrowers obtaining credit from banks
[4] Directly finances the rural borrowers and gets refinance from government
Answer: Refinances the banks extending rural finance
(5) When RBI grants loan to commercial banks and charges interest on it, it is called :
[1] Rapo rate
[2] Sweep stack rate, basic rate
[3] Bank rate
[4] Reverse Rapo rate
Answer: Rapo rate
(6) E-banking business is essentially regulated by the Information Technology Act, 2000, under which personal signature is replaced by :
[1] Encrypted signature
[2] Image signature
[3] Online signature
[4] Digital signature
Answer: Digital signature
(7) In order to control inflation and ensure stability in money market :
[1] The RBI works under the direction of ministry of finance, government of India
[2] The RBI acts independently and can refuse the government directive
[3] The RBI acts under the board of directors
[4] The RBI’s board of governors shall abide by the government directive.
Answer: The RBI acts independently and can refuse the government directive
(8) In computation of balance of payments, overall balance of payments5
[1] Balance of current account1Balance of capital account1Statistical discrepancy
[2] Export of goods and invisibles2Import of goods
[3] Foreign exchange inflow2Foreign exchange outflow
[4] Export of goods and invisibles1Import of goods and invisibles
Answer: Balance of current account1Balance of capital account1Statistical discrepancy
(9) The instrument chosen for enhancement of international liquidity is :
[1] Society for World wide Inter bank Financial Telecommunications (SWIFT)
[2] Special Drawing Rights (SDRs)
[3] Multilateral Netting
[4] Netting of Payments
Answer: Special Drawing Rights (SDRs)
(10) The Competition Act, 2002, seeks to regulate
[1] Anti-competitive agreements
[2] Mergers and amalgamation
[3] Unfair trade practices
[4] (A) and (B) above
Answer: (A) and (B) above
(11) What is the underlying concept that support the immediate recognition of an estimated loss ?
[1] Substance over form
[2] Consistency
[3] Matching
[4] Prudence
Answer: Prudence
(12) The time limit for filing a complaints before the District forum under the Consumer Protection Act, 1986 is
[1] one year
[2] three years
[3] two years
[4] There is no such time limit.
Answer: two years
(13) The Foreign Investment Promotion Board (FIPB) revamps the rules and regulations pertaining to
[1] Accounting of Foreign Investment
[2] Investment by NRIs
[3] Foreign investments
[4] All of the above
Answer: Foreign investments
(14) Profit volume ratio of an enterprise is 40%. To offset 10% decrease in selling price, how much sales must be increased ?
[1] 10%
[2] 25%
[3] 40%
[4] 20%
Answer: 20%
(15) The benefits of debt financing over equity financing are likely to be highest in which of the following situations ?
[1] High marginal tax rates and low non-interest tax benefits
[2] Low marginal tax rates and low non-interest tax benefits
[3] High marginal tax rates and high non-interest tax benefits
[4] Low marginal tax rates and high non-interest tax benefits
Answer: High marginal tax rates and low non-interest tax benefits

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