In the eyes of law, a private company will be deemed to be a public company, if
A. its membership increases beyond seven
B. its paid-up capital becomes more than Rs. 50 lakhs
C. its directions fail to take up qualifying shares within specified period
D. more than 25% of its paid-up share capital is held by a body corporate
Select an option to see the answer and solution.
A public sector enterprise is an enterprise:
A. Where the controlling interest is in the hands of the government
B. Where the functions are not merely confined to the maximisation of profits
C. Where they are governed by the public or social interests
D. Where all the three exist
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A public corporation is:
A. Created by a special act of Parliament
B. Not as separate legal entity
C. Not managed by a government nominated board of directors
D. Set up under the Companies Act, 1956
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"One man control is the best in the world" is a statement of:
A. Haney
B. Kimball and Kimball
C. William R. Bassett
D. F. W. Taylor
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A company is said to have been registered when
A. It files with the Registrar of Companies its Memorandum of Association and Articles of Association
B. It gets incorporation certificate
C. It gets certificate for commencement of business
D. It actually starts its business
Select an option to see the answer and solution.
Staff function refers to:
A. Those elements in the organisation which provide advice and service
B. That part of managerial work which an executive assigns to someone outside the chain of command
C. That counsel which is different from the function of authority
D. All of the above
Select an option to see the answer and solution.
Quantitative import restrictions that limit the quantity of a product being imported is called
A. embargo
B. quota
C. trade restraint
D. import tariff
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Nominal partner in a partnership firm is one who:
A. Contributes in the management
B. Invests capital in the firm
C. Does not invest capital and only sells his goodwill
D. Is not known to outsiders as partner
Select an option to see the answer and solution.
Clearing agent is appointed by whom?
A. By the shipping company
B. By the customs officer
C. Importer
D. Exporter
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Which of the following statements are true?
1. Transaction exposure is inherent in all foreign currencies denominated contractual transactions
2. Translation exposure relates to the change in accounting income and balance sheet statements caused by change in exchange rate
3. Economic exposure has an impact on the valuation of a firm
4. Operating exposure does not have any impact on the firm's future operating revenues or future operating costs
Choose the correct option from those below:
A. 1 and 2 only
B. 2 and 3 only
C. 2 and 4 only
D. 1, 2 and 3 only
Select an option to see the answer and solution.
The organisation structure where there is direct vertical relationship is called:
A. Line organisation
B. Chain organisation
C. Command organisation
D. All of the above
Select an option to see the answer and solution.
Name the form of business organisation whose manager is known as 'Karta'.
A. Public Corporation
B. Joint Stock company
C. Joint Hindu Family
D. Partnership
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The exhaustive industry is also known as:
A. Genetic industry
B. Extraction industry
C. Manufacturing industry
D. Secondary industry
Select an option to see the answer and solution.
A Government company is established under:
A. a special Act of Parliament
B. a special Act of any State
C. the Companies Act. 1956
D. special orders of the Court
Select an option to see the answer and solution.
Which one of the following is not the basic principle of cooperation:
A. One member one vote
B. All for one and one for all
C. One share one vote
D. No profit No loss
Select an option to see the answer and solution.
The entire ship is taken on hire, which of the document is issued by the Shipping Company?
A. Charter Party
B. Railway Receipt
C. Bill of Lading
D. Mate's Receipt
Select an option to see the answer and solution.
A small service enterprise is
A. Where the appropriation exceeds Rs. 10 lakh but does not exceed Rs. 2 crore
B. Where the appropriation exceeds Rs. 10 lakh but does not exceed Rs. 1 crore
C. Where the appropriation is between Rs. 25 lakh to Rs. 1 crore
D. Where the appropriation exceeds Rs. 1 crore but does not exceed Rs. 5 crore
Select an option to see the answer and solution.
Staff function are those which . . . . . . . .
A. Do not have direct responsibility for accomplishing the objectives of the organization
B. Are secondary in character
C. Are of advisory character
D. All are correct
Select an option to see the answer and solution.
Commercial risks covered by the Export, Credit and Guarantee Corporation of India do not include the risk caused by
A. insolvency of the buyer
B. war in the buyer's country
C. buyer's failure to accept the goods
D. buyer's protracted default to pay
Select an option to see the answer and solution.
A private company:
A. Can be converted into a public company by passing special resolution and changing articles
B. Can be converted into a public company by obtaining consent of Central Government
C. Can be converted into a public company by A and B both above
D. Cannot be converted into a public company
Select an option to see the answer and solution.