Commerce Questions Answers
Q16. The concept of management by objectives was introduced by
(a) Peter F. Drucker
(b) F.W. Taylor
(c) Elton Mayo
(d) Rensis Linkert
Answer: (a) Peter F. Drucker
Q17. A contract may be discharged by
(a) Performance of contract
(b) Operation of the law
(c) Mutual agreement
(d) All of the above
Answer: (d) All of the above
Q18. The maximum number of Directors in a Public company are
(a) 5
(b) 12
(c) 15
(d) 18
Answer: (c) 15
Q19. "Benevolent autocrat" is a/an
(a) leadership style
(b) auditor
(c) communication channel
(d) organization structure
Answer: (a) leadership style
Q20. In a partnership firm every partner is the principal as well as the ______
(a) Agent
(b) Karta
(c) Partner
(d) Owner
Answer: (a) Agent
Q21. A financial asset that represents a claim to another financial asset is called
(a) Hedged asset
(b) Sub-ordinated asset
(c) Dual security
(d) Derivative asset
Answer: (d) Derivative asset
Q22. Which of the following is a result of separate entity concept
(a) Research and development
(b) Buying and selling
(c) Owners capital and drawings
(d) Sale of scrap
Answer: (c) Owners capital and drawings
Q23. Accounting principles are generally based on
(a) subjectivity
(b) practicability
(c) applicability
(d) None of the above
Answer: (b) practicability
Q24. The term ‘imprest system’ is used in relation to
(a) sales book
(b) cash book
(c) petty cash book
(d) None of the above
Answer: (c) petty cash book
Q25. Amount of risk reduction in a portfolio depends upon
(a) Market movement
(b) Degree of correlation
(c) No. of shares
(d) Duration of the portfolio
Answer: (b) Degree of correlation
Q26. Merger of two companies under BIFR supervision is known as
(a) Reverse merger
(b) Negotiated merger
(c) Offer for sale
(d) Arranged merger
Answer: (d) Arranged merger
Q27. A short term lease which is often cancellable is known as
(a) Finance lease
(b) Net lease
(c) Operating lease
(d) Leverage lease
Answer: (c) Operating lease
Q28. Commercial paper are generally issued at prices
(a) Equal to face value
(b) More than face value
(c) Less than face value
(d) Equal to redemption value
Answer: (c) Less than face value
Q29. Which of the following is a liability of a bank
(a) CDs
(b) Commercial papers
(c) Treasury Bills
(d) Junk Bonds
Answer: (a) CDs
Q30. Who proposed the concept of meta market
(a) Sawhney
(b) Levitt
(c) Philip Kotler
(d) Robert Lauterborn
Answer: (a) Sawhney
Practice Test Exam