Commerce Quiz | Commerce Objective Type Questions and Answers

Questions
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

⭐ Make GKSeries Your Preferred Source on Google

Add GKSeries as Preferred Source
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
apsc complete general studies course