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221.

The shareholders have limited liability in case of a

A.	cooperative	B.	partnership firm
C.	public limited company	D.	All of the above

222.

The term 'balance of trade' is associated with

A.	imports and exports	B.	taxation
C.	gross profits of a company	D.	budgeting

223.

The annual financial statement of the estimated income and expenditure for the ensuring year is known as

A.	profit-loss account	B.	trading account
C.	budget	D.	barter

224.

Which of the following is levied on goods imported into India?

A.	customs duty	B.	Excise duty
C.	Estate duty	D.	Wealth tax

225.

Gross national income minus net national income equals

A.	cost	B.	taxes
C.	depreciation	D.	wages

226.

When supply is fixed, the market price is determined by

A.	demand	B.	income
C.	Cost	D.	Profit

227.

Stock of raw materials held by a firm is known as its

A.	fixed capital	B.	working capital
C.	circulating capital	D.	none of the above

228.

Upper limit for capital investment in small scale industries is

A.	Rs. 10 lakhs	B.	Rs. 15 lakhs
C.	Rs. 35 lakhs	D.	Rs. 50 lakhs

229.

When two persons exchange their goods without bringing in money, it is known as

A.	internal exchange	B.	block exchange
C.	barter	D.	profiteering

230.

Which of the following company is under cooperative sector?

A.	DCM Limited	B.	Voltas Ltd
C.	IFFCO	D.	BARC