Commercial Activities MCQs Questions Answers

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:

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A

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:
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A

3. Valid definition of business purpose is to?
A. Maximize profit
B. Create customer
C. Both A and B
D. Serve the society
Answer:
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B

4. The minimum number of members in private company limited is?
A. 3
B. 7
C. 10
D. 2
Answer:
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D

5. Co-operative membership includes?
A. Compulsory
B. Not essential
C. Voluntary
D. None of these
Answer:
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C

6. The minimum number of members required for registration of co-operative society are?
A. 7
B. 10
C. 3
D. 20
Answer:
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B

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:
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C

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:
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B

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:
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D

10. Which sector is not opened for private sector participation?
A. Railways
B. Power sector
C. Both A and B
D. Education sector
Answer:
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A

11. The economic system based on the principle of free enterprise is?
A. Socialism
B. Mixed Economy
C. Capitalism
D. None of these
Answer:
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C

12. The method of privatization does not include?
A. Franchising
B. Denationalization
C. Both A and B
D. Sale of business
Answer:
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D

13. Industrial policy resolution was first passed in?
A. 1999
B. 1956
C. 1947
D. 1941
Answer:
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B

14. Planning process is a?
A. Goal-oriented
B. Flexible
C. Time-bound
D. All of these
Answer:
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B

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:
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C

16. The founder of scientific management was?
A. Elton mayo
B. Chester barnand
C. Henri fayol
D. Frederick taylor
Answer:
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D

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:
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B

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