In a partnership, the liability of the partners is:
A. several
B. Joint
C. joint or several
D. joint and several
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Strongest Letter of Credit is
A. Confirmed
B. Irrevocable
C. Confirmed and irrevocable
D. Revocable
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The maximum number of members in a general partnership business is
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Match
List-I with
List-II and select the correct answer
List-I
List-II
a. Joint stock company
1. Memorandum of Association
b. Cooperative society
2. Special act
c. Statutory Corporation
3. Mutual concern
d. Partnership
4. Bye-laws
A. a-1, b-4, c-3, d-2
B. a-3, b-2, c-4, d-1
C. a-1, b-4, c-2, d-3
D. a-3, b-2, c-1, d-4
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The minimum number of members in a public limited company is
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The minimum number of directors in a private company is:
A. 2
B. 3
C. 7
D. None of the above
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Statutory corporations are constituted by-
A. By acceptance under the companies act
B. By registering under the societies act
C. An act special to the state legislative assembly
D. By a special act of parliament
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Which of the following is a non traditional item of export from India?
A. Software
B. Iron-ore
C. Cotton
D. Spices
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The advantages of combinations are
1. elimination of inter-firm competition.
2. ensuring smooth continuous supply of raw materials.
3. saving on middle men's margins.
4. ensuring larger control over the market.
Of the advantages given above, which ones are applicable to horizontal combinations?
A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1 and 4 only
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After US dollar, which of the following currencies has largest weightage in determining the value of SDR?
A. Japanese Yen
B. Chinese Yuan (Renminbi)
C. Euro
D. British Pound
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Setting up of Competition Commission of India (CCI) is the byproduct of:
A. Consumer Protection Act
B. Competition Act
C. MRTP Act
D. Essential Commodities Act
E. Food Safety and Standards Act
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Due to rationalization in the beginning-
A. Unemployment rises
B. increase in employment
C. There is retrenchment of workers
D. None of the above
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The maximum number of Partners in a Banking Partnership Firm is
A. 10
B. 20
C. 50
D. None of the above
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The organization in which authority flows from top to bottom through different levels is called:
A. Inter-unit administrative orgnization
B. Line organization
C. Project organization
D. Line and staff organization
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Which of the following are part of Corporate Social Responsibility (CSR) to consumers?
1. Reasonable chances and proper system for accomplishment and promotion
2. To supply goods at reasonable prices even when there is seller's market
3. Improving the efficiency of the business operation
4. To provide an opportunity for being heard and redress genuine grievances
A. 1 and 2
B. 2 and 4
C. 2 and 3
D. 1 and 3
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The share of the partner in the income of the partnership firm will be-
A. Taxable
B. Tax free
C. Partial tax free
D. 20% tax free
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Workers oppose rationalisation because:
A. of dominance of capital
B. of lockout
C. of retrenchment
D. they will have to work more
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Bata shoe shop is a:
A. Consumer co-operative store
B. Departmental store
C. Chain store
D. None of the above
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Which of the following methods of filing is considered the best?
A. Horizontal filing
B. Vertical filing
C. Pigeon Hole system
D. Box file
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The quorum of General Meeting in case of a public limited company is:
A. 2 members
B. 3 members
C. 4 members
D. 5 members
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