Objective Questions & Answers for APSC Commerce Examination | GkSeries

16 Who are called jobbers in stock exchanges?
1 Persons working under a broker
2 Security merchants dealing in shares and debentures as independent operators
3 Employees of stock exchanges
4 Job seekers in stock exchanges

Answer: Security merchants dealing in shares and debentures as independent operators
17 The function that precedes all other managerial functions is called
1 communicating
2 motivating
3 organizing
4 planning

Answer: planning

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18 Face value of an equity share is f 10 and its market price is f 50. The number of equity shares is 50000 and profit is f 2,00,000 (available to equity shareholders). The earningyield ratio is
1 7%
2 8%
3 4%
4 5%

Answer: 8%
19 'Span of control' is
1 number of subordinates who can be managed effectively by a superior
2 workload assigned to the subordinates
3 different categories controlling authorities of
4 control techniques

Answer: number of subordinates who can be managed effectively by a superior
20 'Coordination' in management means
1 orderly synchronizing of efforts
2 unity of individuals
3 cooperation of unions of workers
4 cooperation of officers

Answer: orderly synchronizing of efforts
21 Interim audit is conducted
1 for a part of the year with some interim purpose
2 after every three months
3 for a fixed intention during the whole year
4 periodically

Answer: for a part of the year with some interim purpose
22 The organization of office duties in such a way as to prevent or dislodge errors and frauds is known as
1 systematic audit
2 internal audit
3 management audit
4 internal check

Answer: internal check
23 Which of the following ratios expresses the relationship between shareholders' fund and total assets?
1 Proprietary ratio
2 Solvency ratio
3 Fixed assets ratio
4 Debt-equity ratio

Answer: Proprietary ratio
24 The main function of EXIM Bank is
1 granting of direct loans in India and outside for the purpose of exports and imports
2 granting of loans to industrial houses established abroad
3 granting of license for export and import
4 None of the above

Answer: granting of direct loans in India and outside for the purpose of exports and imports
25 Who is the custodian of Minute Book of a company?
1 Company Secretary
2 Company Auditor
3 Company Solicitor
4 Managing Director

Answer: Company Secretary
26 'Benevolent autocrat' is a/an
1 leadership style
2 auditor
3 communication channel
4 organization structure

Answer: leadership style
27 Virtual organization' means
1 flat structure of organization
2 tall structure of organization
3 structureless organization
4 circular organization

Answer: structureless organization
28 Who led the Hawthrone experiments' in management?
1 F. W. Taylor
2 Mary Parker Follett
3 G. E. Mayo
4 Peter F. Drucker

Answer: G. E. Mayo
29 Control technique of critical path method was developed by
1 Du Pont Company
2 General Electric Company
3 General Motors
4 TISCO

Answer: Du Pont Company
30 IDBI Bank is a/an
1 commercial bank
2 development bank
3 government bank
4 industrial bank

Answer: commercial bank
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