What is the correct order of the following in export trade procedure:
A. 1, 2, 3, 4
B. 2, 3, 1, 4
C. 4, 2, 1, 3
D. 1, 4, 2, 3
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The basic idea on which co-operative society is formed is called
A. Organization has power
B. One for all, all for one
C. We can organize and face the competition well
D. Unity in diversity
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The statement "self help and each for all" is basically related to:
A. Joint Hindu family firm
B. Cooperative enterprise
C. Partnership firm
D. Joint stock company
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The role of staff in line-staff organisation is:
A. Authoritative
B. Advisory
C. Functional
D. Committee
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In foreign trade the term 'Loco Price' means:
A. The cost of goods
B. The price of goods including only the insurance expenses
C. The cost of goods includes some amount of profit
D. None of the above
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Staff authority:
A. renders advice
B. possesses authority
C. creates chain of command
D. carries responsibility
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Private companies are preferred because:
A. They can raise capital by selling shares to the public
B. They need not have any director
C. Control is retained in the hands of a few persons
D. their formation does not need any legal formality
Select an option to see the answer and solution.
Responsibility lies in an organization-
A. In line officer
B. In staff officer
C. In informal officer
D. All of the above
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"T Group Training" is also known as
A. Role Playing Training
B. Sensitivity Training
C. Position Rotation Training
D. Committee Assignment
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A Public corporation is set up:
A. by a special Act of Parliament
B. by a special order of the Government
C. under Companies Act, 1956
D. by none of the above
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The meaning of Vastro account is
A. Accounts maintained in India by foreign bank in Indian rupees
B. Foreign account maintained by Indian book in dollars
C. Foreign exchange held in India in foreign currency account
D. Account maintained by an Indian bank in abroad in Indian rupees
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What is the policy called in international trade, under which we import from the same country which imports from us in return
A. Multilateral import
B. Bilateral trade
C. Counter trade
D. None of these
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The liability of a partnership in respect of the debts of the firm is limited to
A. Upto the amount of his capital in the firm
B. Upto the amount of his own capital and personal assets in the firm
C. His capital in the firm and the amount of loans given to the firm
D. Upto the amount assured to cover the losses
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The scope and liability of a sole trade are respectively
A. Unlimited and limited
B. Limited and limited
C. Unlimited and unlimited
D. Limited and unlimited
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A partner, who does not take active part in the conduct of the partnership business, is known as
A. silent partner
B. sleeping partner
C. sub-partner
D. nominal partner
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In computation of balance of payments, overall balance of payments
A. Balance of current account + Balance of capital account + Statistical discrepancy
B. Export of goods and invisibles - Import of goods
C. Foreign exchange inflow - Foreign exchange outflow
D. Export of goods and invisibles + Import of goods and invisibles
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Shipping Order is issued by the
A. Customs authorities
B. Shipping company
C. Exporter
D. Reserve Bank of India
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Sole proprietorship is not suitable for those businesses
A. Which are very large in size
B. Where less capital is required
C. Where the degree of risk is not high
D. Which requires personal attention to the customers
Select an option to see the answer and solution.
Which one of the following characteristics best describes the biological or behavioural structure of an organization?
A. Extensive control expansion
B. More centralization
C. Higher level specialization
D. Vertical position step
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Business includes
A. only trade
B. trade and industry both
C. all the trade, industry and commerce
D. only commerce
Select an option to see the answer and solution.
