Description : According to the Partnership Act, the maximum number of partners in a banking firm may be– (A) 10 (B) 12 (C) 4 (D) 20
Last Answer : Answer: 10
Description : In the aspect of banking business what is the term used of giving loans to companies on a large scale?
Last Answer : Wholesale banking
Description : If the goodwill raised at the time of retirement of a partner is to be written-off, then the capital accounts of the remaining partners are debited in– (A) New profit sharing ratio (B) Capital ratio (C) Old profit sharing ratio (D) Sacrificing ratio
Last Answer : Answer: Old profit sharing ratio
Description : When an incoming partner purchases his share from any one of the existing partners, then- (A) total assets of the firm do not change (B) total assets of the firm will be augmented to the extent ... ) change in total assets of the firm will depend upon the new profit sharing ratio of the partners
Last Answer : Answer: total assets of the firm do not change
Description : The existence of a Partnership Firm is– (A) Separate from partners (B) Not separate from partners (C) Both (A) and (B) (D) None of the above
Last Answer : Answer: Not separate from partners
Description : Which term is used in the field of Banking? (A) Current Account (B) Plasma (C) Follow on (D) Cold chain
Last Answer : Answer: Current Account
Description : Which of the following is not a banking related term? (A) SME Finance (B) Equinox (C) Overdraft (D) Sanctioning Authority
Last Answer : Answer: Equinox
Description : Bad loans in banking terminology are generally known as– (A) BPOs (B) Prime Asset (C) NPAs (D) CBS
Last Answer : Answer: NPAs
Description : The minimum and maximum number of members in a Private Company is– (A) 2 and 50 (B) 2 and 20 (C) 2 and 10 (D) None of the above
Last Answer : Answer: 2 and 50
Description : The maximum rate of underwriting commission on debentures is– (A) 10% (B) 2•5% (C) 12•5% (D) 5%
Last Answer : Answer: 2•5%
Description : Paperless office calls for– (A) Minimum record keeping (B) Maximum use of telephone (C) Maximum use of computers (D) Elimination of reporting
Last Answer : Answer: Maximum use of computers
Description : What is the maximum limit of remuneration for a whole time manager in a company ? (A) 3% of net annual profit (B) 5% of net annual profit (C) 7% of net annual profit (D) None of the above
Last Answer : Answer: 5% of net annual profit
Description : The balance appearing in the books of a company at the end of year were CRR A/c Rs. 50,000, Security Premium Rs. 5,000, Revaluation Reserve Rs. 20,000, P & L A/c (Dr) Rs. 10,000. Maximum amount available for distribution of ... will be- (A) Rs. 50,000 (B) Rs. 55,000 (C) Rs. 45,000 (D) Rs. 57,000
Last Answer : Answer: Rs. 55,000
Description : In which one of the following, Crisis Management is reflected ? (A) Future expansion plans of business (B) Organization Development Programme (C) Short-term Manpower Planning (D) Prudent managerial leadership
Last Answer : Answer: Prudent managerial leadership
Description : Job Evaluation is carried on mainly for– (A) identifying geographical locational factors of business enterprise (B) promoting job satisfaction (C) simplifying wage administration (D) meeting competition effectively
Last Answer : Answer: simplifying wage administration
Description : Alfa Company Limited acquired the business of M/s Bharat Traders. The valuation of the items acquired was-building Rs. 1,20,000; machinery Rs. 80,000 and stock-in-trade Rs. 30,000. The company issued in lieu of the above items 800, ... ) Rs. 2,30,000 (B) Rs. 1,00,000 (C) Rs. 50,000 (D) Rs. 30,000
Last Answer : Answer: Rs. 30,000
Description : Which one of the following aims is achieved most through Office Record keeping ? (A) Efficiency of operations on shop floor (B) Business reputation (C) Storage of documents (D) Helping decision making
Last Answer : Answer: Storage of documents
Description : The most recent form of retail distribution is– (A) Mail order business (B) Chain stores (C) Departmental stores (D) Sky shopping
Last Answer : Answer: Sky shopping
Description : A public company can start its business operations after getting– (A) Certificate of Incorporation (B) Minimum Subscription (C) Certificate of Commencement of Business (D) Permission of the Controller of Capital Issue
Last Answer : Answer: Certificate of Commencement of Business
Description : Strategy is used in– (A) Military (B) Business (C) Industry (D) All of the above
Last Answer : Answer: All of the above
Description : Which one of the following statements is not correct ? (A) Business firms combine to avoid wasteful competition (B) Business combination is possible only among joint stock companies (C) Business ... firms (D) During economic depression, small firms are absorbed by financially sound large firms
Last Answer : Answer: Business combination is possible only among joint stock companies
Description : In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called– (A) Reinsurance (B) Double Insurance (C) Joint Insurance Policy (D) Separate Insurance
Last Answer : Answer: Reinsurance
Description : What is an organization structure in which each employee reports to both a functional (or division) manager and to a project (or group) manager, known as ? (A) Strategic business unit (B) Departmentation by customer (C) Matrix structure (D) Departmentation by territory
Last Answer : Answer: Matrix structure
Description : What is outsourcing of production and concentrating on marketing operations in international business, known as ? (A) Licensing (B) Franchising (C) Contract manufacturing (D) Joint venture
Last Answer : Answer: Franchising
Description : In which State the Mitakshara form of H.U.F. business does not apply ? (A) Rajasthan (B) Gujarat (C) West Bengal (D) Kerala
Last Answer : Answer: West Bengal
Description : Dissolution of Partnership takes place when– (A) A partner misbehaves (B) A partner becomes of unsound mind (C) Business is running at a loss (D) A partner dies
Last Answer : Answer: A partner dies
Description : Auditing of accounts is compulsory for– (A) Sole proprietary business (B) Partnership firms (C) Joint Stock Companies (D) None of the above
Last Answer : Answer: Sole proprietory business
Description : In India private sector entered into the Life Insurance business in the year– (A) 1995 (B) 1998 (C) 2000 (D) 2001
Last Answer : Answer: 2000
Description : A public company can start business– (A) After incorporation (B) After promotion (C) After registration (D) After getting certificate of commencement of business
Last Answer : Answer: After getting certificate of commencement of business
Description : Ploughing-back of profits means– (A) Dividend declared but not claimed by shareholders (B) Non-declaration of dividend in any year (C) Profits earned from illegal sources and employed in business (D) Retaining the earnings of business for future expansion programme
Last Answer : Answer: Retaining the earnings of business for future expansion programme
Description : A company limited by shares has to call the statutory meeting within a period of not less than one month and not more than six months. This period is counted with reference to which one of ... date of actual receipt of certificate of incorporation (D) The date of actual commencement of business
Last Answer : Answer: The date at which the company is entitled to commence business
Description : According to going concern concept a business entity is assumed to have– (A) A long life (B) A small life (C) A very short life (D) A definite life
Last Answer : Answer: A long life
Description : The Doing Business Report" is prepared by which of the following organizations every year? (A) World Bank (B) Asian Development Bank (ADB) (C) International Monetary Fund (IMF) (D) World Trade Organization (WTO)
Last Answer : Answer: World Bank
Description : What is business cycle?
Last Answer : A recurring sequence of changes business activity.
Description : Which department is maintained in every modern business house to obtain the good will of the people?
Last Answer : Public relations departments
Description : Who are entitled to take part in the control and management of business in a company?
Last Answer : The board of directors elected by the shareholders
Description : What is Business?
Last Answer : Business is the sum of activities comprising buying and sellinggoods, manufacturing goods or providing services inorder to make profit.
Description : In general business partnership firm maximum ________ partners are allowed.
Last Answer : In general business partnership firm maximum ________ partners are allowed. (a) 2 (b) 20 (c) 50
Description : Which one of the following statements is false ? (A) A Demat Share' is held by the depository on behalf of the investor whereas a Physical Share' is held by the investor himself (B) There is no ... number like a Physical Share' (D) The Demat Share' cannot be converted into a Physical Share'
Last Answer : Answer: The ‘Demat Share’ cannot be converted into a ‘Physical Share’
Description : In a Private Company there are restrictions regarding– (A) Transfer of shares (B) Issue of prospectus (C) Number of members (D) All of the above
Description : In a public limited company, the minimum number of directors are– (A) 2 (B) 3 (C) 5 (D) None of the above
Last Answer : Answer: 3
Description : The minimum number of members required for registration of a cooperative society are– (A) Two (B) Seven (C) Ten (D) Twenty
Last Answer : Answer: Ten
Description : What is the minimum number of members in a public company?
Last Answer : Seven
Description : Minimum number of persons who has to sign the Memorandom of association?
Last Answer : Seven persons in the presence of one witness
Description : What is the minimum number of directors in a Public Company?
Last Answer : Atleast two directors
Description : Is it obvious or not obvious why some stores charge customers (annual for eg.) a fee in order to sell them their products?
Last Answer : I worked in a grocery store that was a Franchise and that company charges a fee to have the ideal placement on the shelves, or near the cash register , knowing that some people (or most) buy on impulse. That is why adverting of a product with colorful and eye catching themes becomes very important .
Description : If the purchases made during the year were Rs. 60,000, the balance of stock in trade at the beginning and at the end of the year were Rs. 12,000 and Rs. 9,000 respectively and the gross profit on sales was 1/5th, when which ... year ? (A) Rs. 15,750 (B) Rs. 14,000 (C) Rs. 12,500 (D) Rs. 17,250
Last Answer : Answer: Rs. 12,500
Description : The loss on the sale of old furniture is debited to– (A) profit & loss account (B) furniture account (C) trading account (D) depreciation account
Last Answer : Answer: profit & loss account
Description : Maintenance of intended delegation requires that decisions lying within the individual managers' authority should be made by them and not referred upwards in the organizational hierarchy. This is ... scalar principle (C) authority level principle (D) principle of absoluteness of responsibility
Last Answer : Answer: authority level principle
Description : Wider span of control is effective in organization where– (A) authority delegation is inadequate (B) tasks are complex (C) thorough subordinate training scheme exists (D) the leadership style is authoritarian
Last Answer : Answer: thorough subordinate training scheme exists