APSC Commerce MCQs with Answers | Commerce Questions for PSC Exams | GkSeries

61 Classical theory of organization focuses on
1 work
2 people
3 system
4 administration

Answer: work
62 Teamwork has no place in
1 committee organization
2 project organization
3 matrix organization
4 virtual organization

Answer: virtual organization
63 Dual accountability violates the principle of
1 unity of command
2 discipline
3 responsibility
4 order

Answer: unity of command
64 The concept of learning organization' is introduced by
1 Tom Peters
2 Michael Porter
3 Peter Senge
4 C. K. Prahlad

Answer: Peter Senge
65 Delegation to subordinate in the same level is called
1 vertical delegation
2 overlapping delegation
3 lateral organization
4 direct delegation

Answer: lateral organization
66 The first secretary of a company is appointed by the
1 promoters of a company
2 board of directors
3 shareholders
4 central government

Answer: promoters of a company
67 In case of a private company, the maximum number of members as per the Companies Act, 2013 is restricted to
1 50
2 100
3 150
4 200

Answer: 200
68 The statement which is not included as Financial Statement of a company as per the Companies Act, 2013 is
1 Cash Flow Statement
2 Fund Flow Statement
3 Balance Sheet
4 Statement of Changes in Equity

Answer: Fund Flow Statement
69 Equity shares issued by a company to its directors and employees who have provided their know-how or have contributed in intellectual property rights or value addition are known as
1 rights shares
2 sweat equity shares
3 privileged equity shares
4 sugar-coated shares

Answer: sweat equity shares
70 The market price of a mutual fund unit is not a function of
1 net asset value
2 life of the fund
3 market sentiment
4 investors' sentiment

Answer: investors' sentiment
71 OTCEI was established in the year
1 1992
2 1987
3 1990
4 1994

Answer: 1990
72 Trade association is a form of
1 simple combination
2 compound combination
3 mixed combination
4 parallel combination

Answer: parallel combination
73 Payments in NSEI are to be settled within
1 10 days
2 15 days
3 7 days
4 30 days

Answer: G
74 Which scheme is introduced by the Government for market and commodity research and participation in trade fairs and exhibitions?
1 Market Development Assistance
2 Market Access Initiative
3 Cash Compensating Support
4 Export Promotion Assistance

Answer: Market Development Assistance
75 Trademark Account is a
1 personal account
2 real account
3 nominal account
4 deferred asset account

Answer: real account