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

Questions
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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