Activities undertaken out of love and affection or with social service motive are termed as:

(a)

Economic activities

(b)

Monetary activities

(c)

Non Economic activities

(d)

Financial Activities

The production side of business activity is referred as ______________

(a)

business

(b)

trade

(c)

industry

(d)

commerce

Centralised control in MNC's implies control exercised by ___________

(a)

Branches

(b)

Subsidiaries

(c)

Headquarters

(d)

Parliament

The duration of bill of exchange may be ranging from _______.

(a)

15 to 80 days

(b)

16 to 90 days

(c)

7 to 365 days

(d)

51 to 80 days

MSME supplies to large scale industries_______.

(a)

Accessories

(b)

Spare Parts

(c)

Components

(d)

All the above

..............issued by warehouse-keeper is a document of title of goods.

(a)

Receipt of goods

(b)

Warehouse warrant

(c)

Warehouse Keeper's certificate

(d)

Acknowledgment receipt

Balance of payments surplus indicates _______.

(a)

Exports are more than the Imports

(b)

Imports are more than Exports

(c)

Exports and Imports are at equilibrium

(d)

Exports and Imports are above equilibrium

'A' promises to obtain for 'B' an employment in the public service and 'B' promises to pay' Rs.5,00,000 to A. The agreement is_______.

(a)

Legal

(b)

Illegal

(c)

In good faith

(d)

Fraudulent

Owing to a strike in a factory of A, A is not able to supply the goods to B, as per the terms of agreement. The agreement in such a case_____________.

(a)

is discharged

(b)

is not discharged

(c)

becomes void

(d)

is voidable at the option of A

If a new contract is substituted in place of an existing contract it is called______________.

(a)

alternation

(b)

rescission

(c)

novation

(d)

waiver