In Pandiyas Dynasty the place where the goods are sold is  ______

(a)

Angadi

(b)

Market

(c)

Nalangadi

(d)

Allangadi

Warehouse removes the hindrance of ______________

(a)

personal

(b)

time

(c)

place

(d)

risk

____________ should be a systematic body of knowledge.

(a)

Employment

(b)

profession

(c)

Business

(d)

None of these

The industries engaged in extraction of iron ore are known as ___________

(a)

Construction Industries

(b)

Manufacturing Industries

(c)

Extraction Industries

(d)

Genetic Industries

Manufacturing industries may be categorized into_____

(a)

Two

(b)

Three

(c)

Four

(d)

Ten

A major disadvantage of sole proprietorship is __________.

(a)

Limited liability

(b)

Unlimited liability

(c)

Easy Formation

(d)

Quick decision

A sole trader ___________

(a)

cannot keep his business secrets

(b)

can keep his business secrets

(c)

both

(d)

none of the above

______________is known as individual entrepreneurship.

(a)

Partnership

(b)

Sole trader

(c)

Joint stock company

(d)

Co-operative

Registration of partnership is _________

(a)

compulsory

(b)

optional

(c)

not necessary

(d)

none of the above

When his business assets are not sufficient to pay off the business debts, he has to pay from his personal property ___________

(a)

Unlimited Liability

(b)

Flexibility

(c)

Small capital

(d)

Limited Liability

The Board of directors of a company is elected by _________

(a)

Creditors

(b)

Debtors

(c)

Debenture holders

(d)

Share holders (members)

The maximum number of members in a private limited company is________.  

(a)

25

(b)

50

(c)

100

(d)

200

The Co-operative society utilises transfers ____________ percent of profit to Reserve fund.

(a)

9%

(b)

10%

(c)

14%

(d)

25%

Centralised control in MNC's implies control exercised by ___________

(a)

Branches

(b)

Subsidiaries

(c)

Headquarters

(d)

Parliament

The primary objective of the state enterprises is to ______________

(a)

Earn profit

(b)

Provide Employment

(c)

Serve the People

(d)

All the Above

____________ form of organisation is necessary for public utility services.

(a)

Departmental organisation

(b)

Public Corporation

(c)

Government company

(d)

Partnership

One rupee note and all coins are issued by the _____

(a)

Ministry of Finance

(b)

General Council

(c)

State legislature

(d)

None of these

Banking Regulation Act, ___________.

(a)

1947

(b)

1949

(c)

1945

(d)

1946

Foreign banks are begun their operation since __________

(a)

1978

(b)

1979

(c)

1980

(d)

1976

MUDRA Bank is established for the development of ____________

(a)

Micro Industries

(b)

Small Industries

(c)

Medium Scale Industries

(d)

Large Scale Industries

Minimum how much amount can be transferred through RTGS?

(a)

Any Amount

(b)

50,000

(c)

2 Lakhs

(d)

5 Lakhs

A customer can withdraw money through cheque at any branch of the bank throughout the world is ___________

(a)

Mobile Banking

(b)

CORE Banking

(c)

Electronic Clearing Services

(d)

All of them

___________ can be given as a collateral security for getting financial assistance from bank.

(a)

Dock warrant

(b)

Warehouse Receipt

(c)

Dock Receipt

(d)

Warehouse warrant

______ is a document acknowledging the receipt of goods by a carrier.

(a)

Waybill

(b)

Consignment note

(c)

Charter party

(d)

Bill of lading

The liability of common carrier is governed by_________________

(a)

Carriers Act

(b)

Goods Act

(c)

Goods and Services Act

(d)

None of the above

___________ is not a type of general insurance.

(a)

Marine Insurance

(b)

Life Insurance

(c)

Fidelity Insurance

(d)

Fire Insurance

Buying and Selling of goods through electronic network is known as ___________

(a)

E-commerce

(b)

Internet

(c)

Website

(d)

Trade

The main benefit of outsourcing is _____________

(a)

Productivity

(b)

Cost reduction

(c)

Skill

(d)

Units

The individual who uses the trademark of the seller is known as_______.

(a)

Franchisee

(b)

Franchisor

(c)

Agent

(d)

Factor

Assuming Social Responsibility of business helps the enterprise in ____

(a)

Increase Profit

(b)

Decrease Profit

(c)

Sustainability

(d)

Equilibrium

Management of business enterprises is being _______.

(a)

Professionalism

(b)

Law and order

(c)

Free enterprise

(d)

Public awareness

The ethical conduct of employees leading to standard practices results in ___________

(a)

Good behaviour

(b)

 Bad behaviour

(c)

 Ethical behaviour

(d)

Correct decision making

Funds required for purchasing current assets is an example for_____

(a)

Fixed Capital requirement

(b)

Ploughing back of profit

(c)

Working capital requirement

(d)

Lease financing

Depositary receipts that are traded in an international market other than the United States are called ____________

(a)

Global depositary receipts

(b)

International Depositary receipts

(c)

Open market depositary receipts

(d)

Special Drawing Rights.

If the local currency is in variable form and foreign currency is in fixed form quotation will be_____________

(a)

Indirect

(b)

direct

(c)

Local Form

(d)

Foreign form

There are_______distinct modes of Credit to self help groups

(a)

1

(b)

2

(c)

3

(d)

4

When goods are Imported for the purpose of Export it is called as _____.

(a)

Foreign Trade

(b)

Home Trade

(c)

Entrepot Trade

(d)

Trade

The aim of home trade is _____

(a)

To raise the standard of living

(b)

To provide the essential goods and services economically

(c)

To raise the National Income

(d)

To obtain all types of goods

Wholesalers deal in ______ quantity of goods.

(a)

Small

(b)

Large

(c)

Medium

(d)

Limlited

Incase of auction, if no sale can take place below the minimum price fixed by the seller, is know as ______

(a)

Reserve price

(b)

Knocked down price

(c)

Highest bidder price

(d)

None

Small scale fixed retailers include ___________

(a)

General stores

(b)

Pedlars

(c)

Cheap Jacks

(d)

Hawkers

Suitable goods for Mail Order Business _______

(a)

Dairy product

(b)

Vegetables

(c)

Fruits

(d)

Watches

Goods are imported for purpose of re-export to another country is termed as______

(a)

Import Trade

(b)

Export Trade

(c)

Entrepot Trade

(d)

International Trade

An _________ is document prepared by importer an sent to the exporter to buy the goods.

(a)

Invoice

(b)

Indent

(c)

Enquiry

(d)

Charter party

The day to day administration of WTO is entrusted with _____________

(a)

Executive Council

(b)

General Council

(c)

Administrative Council

(d)

General body

Foreign Capital long-term loan and Foreign Currency reserve are recorded under_____.

(a)

Official Capital

(b)

Private Capital

(c)

Banking Capital

(d)

Both private and official Capital

Void agreement signifies ______________

(a)

Agreement illegal in nature

(b)

Agreement not enforceable by law

(c)

Agreement violating legal procedure

(d)

Agreement against public policy

Which of these parties cannot demand performance of promise?

(a)

Promisee

(b)

Any of the joint promisees

(c)

On the death of a promisee, his legal representative

(d)

Stranger to the contract

Discharge by Mutual Agreement may involve ________.

(a)

Novation

(b)

Rescission

(c)

Alteration

(d)

All of the above

GST stands for __________

(a)

Goods and Supply Tax

(b)

Government Sales tax

(c)

Goods and Services Tax

(d)

General Sales Tax