Business and Finance MCQs Test 01 Preparation Online

1. A consumer complaint is registered by the MRTP Commission in India on a complaint made by at least ?

A. 50 consumers

B. 100 consumers

C. 25 consumers

D. 5 consumers

2. Which form of business organisation would be most suitable for a capital intensive business ?

A. Co-operative society

B. Joint-stock company

C. Partnership

D. Sole proprietorship

3. Vertical combination implies ?

A. Formation of pools and cartels

B. Integration of enterprises engaged in different stages of production of a particular product

C. Integration of enterprises engaged in manufacturing similar products

D. A group 01 organisations having common sales set-up

4. 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 20 crore

B. Rs 1 crore

C. Rs 50 lakh

D. Rs 100 crore

5. Business can be defined as ?

A. Buying of goods

B. A market place

C. Selling of goods

D. Trade, commerce and industry

6. Which one of the following refers to 'factoring services'?

A. None of the above

B. Providing project consultancy

C. Financing working capital

D. Guaranteeing realization from debtors

7. A business organisation has constant and invisible interaction with its ?

A. Suppliers and customers

B. Employees

C. Government

D. External environment

8. According to the systems approach, a system is the ?

A. Orderly arrangement of its components in a coordinated manner

B. A systemic view of the organisation

C. A combination of some of the components

D. Sum total of all its components

9. What can be the maximum number of partners in a partnership firm ?

A. 25

B. 10

C. 15

D. 20

10. An indirect tax is one where ?

A. Tax is levied always on products

B. Points of impact and incidence are different

C. Tax is levied on wealth

D. Points of impact and incidence are the same

Business and Finance MCQs Test 01 Preparation Online

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