M.C.Q (1 Marks)

MCQ 11 Mark

What minimum percentage of the paid-up capital should be held by the government in a Government Company?

A
49%
B
100%
C
75%
D
51%

Answer

(D) 51%
Explanation:
A government company means any company in which not less than 51% of the paid up capital is held by central govt. Or state govt. Or both

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MCQ 21 Mark

Exemption from paying taxes for 5 to 10 years is known as ________.

A
Value Added Tax
B
tax deduction
C
tax holiday
D
TDS

Answer

(C) tax holiday
Explanation:
Exemption from paying taxes for 5 to 10 years is known as Tax Holiday.

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MCQ 31 Mark

Among the following given activities, which one is not an economic activity:

A
Trading in goods and services
B
Social welfare
C
Manufacturing of goods for sale
D
Transportation services

Answer

(D) Social welfare
Explanation:
Social welfare is not done in order to get something in return.

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MCQ 41 Mark

Who among the following are the highest risk-takers?

A
People practicing a profession
B
People engaged in career employment
C
Entrepreneurs
D
All of these

Answer

(C) Entrepreneurs
Explanation:
Entrepreneurs are the one who takes the most risk. Risk is like loss by fire, theft, risk of price rise or fall, etc.

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MCQ 51 Mark

Assertion (A): Life Insurance is not only a protection but is a sort of investment.
Reason (R): Certain sum is returnable to the insured either at the time of death or at the expiry of a certain period.

A
Both A and R are true and R is the correct explanation of A.
B
Both A and R are true but R is not the correct explanation of A.
C
A is true but R is false.
D
A is false but R is true.

Answer

(A) Both A and R are true and R is the correct explanation of A.
Explanation:
In the case of Life Insurance, it is 100% sure that the insured will get a certain sum of money sooner or later i.e, returnable to the insured either at the time of death or at the expiry of a certain period. So, it's a sort of Investment.

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MCQ 61 Mark

Choose the correct full form of CSR from the below given options:-

A
Company Social Responsibility
B
Corporate Shared Responsibility
C
Corporate Societal Responsibility
D
Corporate Social Responsibility

Answer

(D) Corporate Social Responsibility
Explanation:
Corporate Social Responsibility- It is a company's commitment towards managing the social, environmental and economic effects of its operations in line with public expectations.

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MCQ 71 Mark

NABARD was setup in ________.

A
1975
B
1987
C
1982
D
1991

Answer

(C)1982
Explanation:NABARD was set up in 1982 to promote integrated rural development.

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MCQ 81 Mark

Minimum number of members to form a public company is:

A
21
B
5
C
12
D
7

Answer

(D) 7
Explanation:
A minimum number of members required is 7.

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MCQ 91 Mark

Which of the following statements is correct for wholesalers:

A
They undertake additional activities.
B
They generally take the title of the goods and bear the business risks in their own name
C
They engage in buying and selling of goods
D
All of these

Answer

(D) All of these
Explanation:
Wholesalers purchase in bulk from manufacturers and sell in small lots to retailers or industrial users. They do not sell products to ultimate consumers.

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MCQ 101 Mark

Small Scale Fixed retailers includes ________.

A
hawkers
B
general stores
C
pedlars
D
cheap jacks

Answer

(B) general stores
Explanation:
General Stores are small scale retailers which provide the convenience of shopping to consumers at a fixed location.

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MCQ 111 Mark

Assertion (A): The size of a sole proprietorship business rarely grows much and generally remains small.
Reason (R): A sole trader is also not bound by law to publish a firm's accounts.

A
Both A and R are true and R is the correct explanation of A
B
Both A and R are true but R is not the correct explanation of A.
C
A is true but R is false.
D
A is false but R is true.

Answer

(B) Both A and R are true but R is not the correct explanation of A.
Explanation:
The size of the sole proprietorship business generally remains small due to a lack of resources.

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MCQ 121 Mark

Which of the following statements is incorrect regarding debentures?
A. Interest paid on debentures is tax-deductible.
B. Debentures do not carry voting rights.
C. It preferred by investors who want fixed income at lesser risk.
D. Issue of debentures dilutes the control of equity shareholders on management.

A
Only C
B
Only B
C
Only D
D
Only A

Answer

(C) Only D
Explanation:
Debenture holders are a debt of the company and are not allowed to take their own decisions in the company.

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MCQ 131 Mark

The District Industries Centers Programme was launched on:

A
September 1, 1978
B
July 1, 1978
C
May 1, 1978
D
15 August 1978

Answer

(C) May 1, 1978
Explanation:
The District Industries Centers Programme was launched on May 1, 1978, with a view to providing an integrated administrative framework at the district level.

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MCQ 141 Mark

Which of the following is an example of Departmental undertakings?

A
Air India
B
Post and Telegraph Department
C
All of these
D
Railway

Answer

(C) All of these
Explanation:
Examples of Departmental undertakings are railways, post telegraph department, and Air India.

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MCQ 151 Mark

It is not an application of e-business:

A
Online trading
B
Online bidding
C
Contract R&D
D
Online procurement

Answer

(C) Contract R&D
Explanation:
Contract R&D is an outsourcing activity not cover under e-business

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MCQ 161 Mark

What is the maximum amount that can be invested in equipment by a Medium enterprise engaged in rendering services according to Government of India?

A
5 crore rupees
B
2 crore rupees
C
3 crore rupees
D
4 crore rupees

Answer

(A) 5 crore rupees
Explanation:
Maximum Rs.5 crore and minimum Rs.2 crores.

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MCQ 171 Mark

On which basis fixed-shop retailers are classified into small shopkeepers and large retailers?

A
Size of their operations
B
Type of ownership
C
Place of business
D
Merchandise handled

Answer

(A) Size of their operations
Explanation:
On the basis of Size of their operations i.e., small shop retailers are small in size and large size retailers are big in size.

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MCQ 181 Mark

Indian economy consists of ________.

A
only private business
B
only government business
C
only Semi Government
D
private and government owned business

Answer

(D) private and government owned business
Explanation:
The Indian economy consists of both privately owned and government-owned business enterprises, it is known as a mixed economy.

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MCQ 191 Mark

Which of the following comes under Modern Small Industries?

A
Khadi
B
Handicrafts
C
Coir
✓
Powerlooms

Answer

Correct option: D.

Powerlooms

(D) Powerlooms
Explanation: Powerlooms comes under modern small industries.

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MCQ 201 Mark

Every importer is required to secure the sanction of foreign exchange in order to make the payment. For obtaining such a sanction, to whom the importer has to make an application from among the following:

A
Exchange Control Department of RBI
B
Any bank authorized by RBI to issue foreign exchange
C
DGFT
D
EXIM

Answer

(B) Any bank authorized by RBI to issue foreign exchange
Explanation:
Any bank authorized by RBI to issue a foreign exchange. In India, all foreign exchange transactions are regulated by the Exchange Control Department of the Reserve Bank Of India.

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Business Studies M.C.Q (1 Marks)

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