CSS :: Business and Finance
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1. |
Business can be defined as: |
A. |
Selling of goods |
B. |
Buying of goods |
C. |
A market place |
D. |
Trade, commerce and industry |
Answer: Option D
Explanation:
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2. |
What can be the maximum number of partners in a partnership firm? |
Answer: Option C
Explanation:
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3. |
Which form of business organisation would be most suitable for a capital intensive business? |
A. |
Sole proprietorship |
B. |
Partnership |
C. |
Co-operative society |
D. |
Joint-stock company |
Answer: Option D
Explanation:
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4. |
According to the systems approach, a system is the: |
A. |
Sum total of all its components |
B. |
Orderly arrangement of its components in a coordinated manner |
C. |
A combination of some of the components |
D. |
A systemic view of the organisation |
Answer: Option B
Explanation:
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5. |
A business organistion has constant and invisible interaction with its: |
A. |
Employees |
B. |
Suppliers and customers |
C. |
External environment |
D. |
Government |
Answer: Option C
Explanation:
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6. |
The asset limit above which a company or group would be covered under the MRTP in India for concentration of economic power is: |
A. |
Rs 50 lakh |
B. |
Rs 1 crore |
C. |
Rs 20 crore |
D. |
Rs 100 crore |
Answer: Option D
Explanation:
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7. |
Which one of the following refers to 'factoring services'? |
A. |
Guaranteeing realisation from debtors |
B. |
Financing working capital |
C. |
Providing project consultancy |
D. |
None of the above |
Answer: Option A
Explanation:
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8. |
A consumer complaint is registered by the MRTP Commission in India on a complaint made by at least: |
A. |
5 consumers |
B. |
25 consumers |
C. |
50 consumers |
D. |
100 consumers |
Answer: Option B
Explanation:
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9. |
Vertical combination implies: |
A. |
Formation of pools and cartels |
B. |
Integration of enterprises engaged in different stages of production of a particular product |
C. |
A group 01 organisations having common sales set-up |
D. |
Integration of enterprises engaged in manufacturing similar products |
Answer: Option B
Explanation:
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10. |
An indirect tax is one where: |
A. |
Tax is levied on wealth |
B. |
Tax is levied always on products |
C. |
Points of impact and incidence are the same |
D. |
Points of impact and incidence are different |
Answer: Option D
Explanation:
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