"Kautilya's Arthasastra" describes the economy in times of _______.

(a)

Aryan

(b)

Mauriyan

(c)

Cholas

(d)

Pandyas

The following does not characterise business activity?

(a)

Production of goods and services

(b)

Presence of risk

(c)

Sale or exchange of goods and services

(d)

Salary or wages

Normally high level risk involved in ___________

(a)

Industry

(b)

Commerce

(c)

Trade

(d)

All 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 participation of both the Government and the private sector in company is knows as____________.

(a)

Private

(b)

Public

(c)

Joint

(d)

None of these

In co-operatives the percentage of profit used for general social welfare activities is ______.

(a)

9

(b)

10

(c)

15

(d)

25

Maintenance of minimum balance in Savings Acount is ____________

(a)

Compulsory

(b)

Not compulsory

(c)

Optional

(d)

None

Which of the following holder are not having voting rights?

(a)

Debentures

(b)

Equity Shares

(c)

Preference Shares

(d)

Bonds

Merchant wholesalers are ________  types

(a)

Two

(b)

Three

(c)

Four

(d)

Five

Economies of scale are enjoyed when goods are produced at___________.

(a)

small-scale

(b)

large-scale

(c)

lower-scale

(d)

consumption level