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Commerce Quiz | Commerce Objective Type Questions and Answers

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Free download in PDF Commerce Objective Type Questions and Answers for competitive exams. These short objective type questions with answers are very important for competitive exams. These short solved questions or quizzes are provided by Gkseries.
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(21) Which one of the following statements about RBI is 'True'?
[A] RBI maintains the foreign exchange reserves of India
[B] RBI is the regulator of Banks and Securities market in India
[C] RBI started functioning from 1870
[D] None of these
Answer: RBI maintains the foreign exchange reserves of India
(22) Which one among the following is not true of the planning Commission?
[A] It indicates the factors which tend to retard economic development
[B] It is an advisory body and makes recommendations to the cabinet
[C] It is responsible for formulation of a plan for the most effective and balanced utilisation of the country's resources
[D] It is responsible for the execution of development programmes and plans
Answer: It indicates the factors which tend to retard economic development

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(23) Brent index is associated with–
[A] shipping rate index
[B] crude oil prices
[C] copper future prices
[D] gold future prices
Answer: crude oil prices
(24) Which one among the following industries produces the most nonbiodegradable wastes?
[A] Thermal power plants
[B] Paper mills
[C] Food processing units
[D] Textile mills
Answer: Thermal power plants
(25) Which one among the following is not true for Special Economic Zones?
[A] No routine examination of cargo for export/import by customs authorities
[B] No licence is required for import
[C] Manufacturing and service activities are allowed
[D] No routine examination of cargo for export/import by customs authorities
Answer: No routine examination of cargo for export/import by customs authorities
(26) What is the correct sequence of the following steps in a strategic planning process ?

1. Inputs 2. Evaluation of alternatives

3. Execution 4. SWOT analysis

Select the correct answer using the code given below–
[A] 1 - 4 - 2 – 3
[B] 4 - 1 - 2 - 3
[C] 1 - 2 - 3 – 4
[D] 4 - 1 - 3 - 2
Answer: 4 - 1 - 3 - 2
(27) Consider the following statements–

1. Aggregate planning implies operational planning concerned with determining a firm's production requirements and manufacturing capacity.

2. Behaviour modification is a concept of motivation totally independent of rewards for the employees.

Which of the statements given above is/are correct ?
[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2
Answer: Both 1 and 2
(28) Which one of the following is not one of the elements of the 7S McKinsey Model for analyzing and improving organizational effectiveness ?
[A] Strategy
[B] Structure
[C] Shared Values
[D] Standard
Answer: Standard
(29) Pohang Steel Company (POSCO) is a company originally based in–
[A] Vietnam
[B] South Korea
[C] USA
[D] Italy
Answer: South Korea
(30) When does a body corporate become capable forthwith of exercising all the functions of a company ?
[A] On finalizing Memorandum of Association
[B] On obtaining certificate of commencement of business
[C] On obtaining certificate of incorporation
[D] On having convened its first Annual General Meeting
Answer: On obtaining certificate of incorporation
31 Accounting for research and development relates to–
[A] AS-7
[B] AS-8
[C] AS-9
[D] AS-10
Answer: AS-8
32 A co-operative auditor starts his work of audit from–
[A] Account Books
[B] Payment Books
[C] Cash Book
[D] None of the above
Answer: Cash Book
33 Given : Average profit of a firm Rs. 21,000 Normal Profit Rs. 18,000 Value of goodwill on the basis of 3 years purchases of super profit shall be–
[A] Rs. 39,000
[B] Rs. 9,000
[C] Rs. 3,000
[D] Rs. 12,000
Answer: Rs. 9,000
34 Which of the following is an example of capital expenditure ?
[A] Insurance Premium
[B] Taxes and Legal expenses
[C] Depreciation
[D] Custom duty on import of machinery
Answer: Custom duty on import of machinery
35 A Company can reissue its forfeited shares–
[A] At a premium
[B] At a face value
[C] At a discount
[D] All of the above
Answer: All of the above
36 Which one of the following is not a barrier in communication ?
[A] Noise
[B] Affection
[C] Fear and distrust
[D] Perception
Answer: Perception
37 Coordination has the following features–
[A] Continuous
[B] Vertical organisation
[C] Horizontal relationship
[D] All of the above
Answer: All of the above
38 ‘x’ and ‘y’ theory of Motivation has been propounded by–
[A] McGregor
[B] Alpha
[C] Ouchi
[D] Herzberg
Answer: McGregor
39 Unity of command implies having not more than one–
[A] Subordinate
[B] Friend
[C] Boss
[D] Unit
Answer: Boss
40 Control function of management implies–
[A] To bring harmony in various activities
[B] To keep the workforce satisfied
[C] To take corrective course of action
[D] To dictate the subordinates
Answer: To take corrective course of action

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