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Commerce Questions and Answers for Competitive Exams | Commerce Quiz Set 25

Questions
1 Underwriters of the security issues are required to
1 Purchase the securities underwritten
2 Work as agent of the company for marketing the securities
3 Manage the issues of the securities
4 Take up securities not subscribed by investors

Answer: Take up securities not subscribed by investors
2 Relationship at work is the source of
1 Status anxiety
2 Legitimate power
3 Managerial stress
4 Expert power

Answer: Managerial stress
3 Formal conflict is a kind of
1 Goal Conflict
2 Role Conflict
3 Organisational Conflict
4 Emergent Conflict

Answer: Organisational Conflict
4 One of the objectives of organisational change is
1 Increased motivation
2 Greater innovation
3 Solving inter-group problems
4 Changes in an organisation’s level of adaptation to its environment

Answer: Changes in an organisation’s level of adaptation to its environment
5 Which of the following is not true about employee grievances ?
1 Grievance is a sign of employee’s discontent with job or its nature.
2 Grievance provides a downward channel of communication.
3 Grievance arises only when an employee feels that injustice has been done to him.
4 Grievance can be real or imaginary.

Answer: Grievance provides a downward channel of communication.
6 Which of the following is not a component of Job Analysis ?
1 Job Description
2 Role Analysis
3 Job Summary
4 Job Specification

Answer: Job Summary
7 Under the Cooperative Bank structure, the apex institution is
1 National Cooperative Bank
2 District Cooperative Bank
3 State Cooperative Bank
4 IDBI Bank

Answer: State Cooperative Bank
8 What is SLR ratio of a bank ?
1 Ratio of total deposits against total investments.
2 Amount deposited by the bank with the Central Bank in the form of cash, gold and securities.
3 Amount that commercial banks are required to maintain before providing credit to customers.
4 Amount that commercial banks deposit with the foreign banks

Answer: Amount that commercial banks are required to maintain before providing credit to customers.
9 59. As per the South Asia Free Trade Agreement, 1993 of SAARC, the member countries have to bring their duties down to
1 25 percent by 2006
2 15 percent by 2006
3 10 percent by 2007
4 20 percent by 2007

Answer: 20 percent by 2007
10 ADRs’ and GDRs’ are an excellent means of investment to invest in India for
1 NRIs’
2 Foreign nationals
3 Both (A) & (B)
4 None of the above

Answer: Both (A) & (B)
11 Which of the following is not provided by EXIM Bank, for financing overseas investments ?
1 Term loans to Indian Companies upto 80% of their equity investment in overseas JV/WOS.
2 Term loans to Indian Companies towards upto 100% of loan extended by them to the overseas JV/WOS.
3 Term loan to overseas JV/WOS towards part financing.
4 Guarantee facility to the overseas JV/WOS for raising term loan/working capital

Answer: Term loans to Indian Companies towards upto 100% of loan extended by them to the overseas JV/WOS.
12 Under Section 271 C of the Income Tax Act, 1961 the amount of penalty for failure to deduct tax at source is
1 10% of tax which is otherwise deductible under Section 194 C.
2 100% of tax which is otherwise deductible under Section 194 C.
3 200% of tax which is otherwise deductible under Section 194 C.
4 300% of tax which is otherwise deductible under Section 194 C.

Answer: 100% of tax which is otherwise deductible under Section 194 C.
13 In which of the following cases, income of previous year is assessable in the previous year itself ?
1 A person in employment.
2 A person engaged in illegal business.
3 A person who is running charitable business.
4 A person leaving India permanently

Answer: A person leaving India permanently
14 Long term capital loss can be set off from which of the following ?
1 Short term capital gain only
2 Long term capital gain only
3 Income from business and profession
4 Capital gain head of income

Answer: Long term capital gain only
15 In which of the following long term assets, cost indexation benefit is allowed ?
1 Debentures issued by a company
2 Self generated goodwill of a business
3 Bonus shares allotted on 1-4-2000
4 Jewellery

Answer: Jewellery

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