Let us see the Commercial Activities MCQs Questions Answers.
1. Business means?
A. Industry and commerce
B. Trade and commerce
C. Commerce
D. Selling and buying of goods
Answer:
2. Economic activity does not include?
A. A student playing cricket
B. Doctor is practicing
C. Both A and B
D. None of these
Answer:
3. Valid definition of business purpose is to?
A. Maximize profit
B. Create customer
C. Both A and B
D. Serve the society
Answer:
4. The minimum number of members in private company limited is?
A. 3
B. 7
C. 10
D. 2
5. Co-operative membership includes?
A. Compulsory
B. Not essential
C. Voluntary
D. None of these
Answer:
6. The minimum number of members required for registration of co-operative society are?
A. 7
B. 10
C. 3
D. 20
Answer:
7. Which act is used by the government to check the restrictive trade?
A. FEMA act
B. Industrial policy act
C. MRTP act
D. None of these
Answer:
8. When a company taken over another one and clearly becomes the new owner, the action is called?
A. Acquisition
B. Merger
C. Both A and B
D. None of these
Answer:
9. Images and brand equity of the company is a factor of affecting business how?
A. Internally
B. Government policy
C. Both A and B
D. Externally
Answer:
10. Which sector is not opened for private sector participation?
A. Railways
B. Power sector
C. Both A and B
D. Education sector
Answer:
11. The economic system based on the principle of free enterprise is?
A. Socialism
B. Mixed Economy
C. Capitalism
D. None of these
Answer:
12. The method of privatization does not include?
A. Franchising
B. Denationalization
C. Both A and B
D. Sale of business
Answer:
13. Industrial policy resolution was first passed in?
A. 1999
B. 1956
C. 1947
D. 1941
Answer:
14. Planning process is a?
A. Goal-oriented
B. Flexible
C. Time-bound
D. All of these
Answer:
15. Globalization term is used to describe the process of removal of the restriction on?
A. Investment
B. Foreign trade
C. Both A and B
D. None of these
Answer:
A. Elton mayo
B. Chester barnand
C. Henri fayol
D. Frederick taylor
Answer:
17. Which among these is not a restrictive trade practice?
A. Price discrimination
B. Manipulation of price
C. Tie up sales
D. None of these
Answer:
