Which of the following is not a method of Foreign Exchange?
A. Bill of Exchange
B. Letter of Credit
C. Hundi
D. Telegraphic Transfer
Select an option to see the answer and solution.
The maximum number of persons in a joint Hindu family business is:
A. 10
B. 20
C. 50
D. Not prescribed
Select an option to see the answer and solution.
Which of the following acts has replaced the Monopolistic and Restrictive Trade Practices (MRTP) Act?
A. Consumer Protection Act
B. Foreign Exchange Management Act (FEMA)
C. Essential Commodities Act
D. Food Safety and Standards Act
E. Competition Act
Select an option to see the answer and solution.
Germany is the motherland of:
A. Scientific management
B. Rationalisation
C. Rationalisation and Scientific management
D. Combinations
Select an option to see the answer and solution.
As per the commonly held belief, . . . . . . . . is concerned with the top management and . . . . . . . . is a function of middle and low level management.
A. management; administration
B. administration; management
C. execution of plans; planning
D. budgetting; resource allocating
E. planning; strategic decision making
Select an option to see the answer and solution.
The theories that explain the formation of 'Informal Groups' are to include which of the following?
1. Propinquity Theory
2. Similarity or Balance Theory
3. Displacement Theory
4. Need for achievement Theory
Choose the correct option from those given below:
A. 1 and 4 only
B. 1 and 2 only
C. 1, 2 and 3 only
D. 1, 2, 3 and 4 only
Select an option to see the answer and solution.
"All for each and each for all" statement is applicable to:
A. Company form of business
B. Sole proprietorship business
C. Partnership business
D. Joint Hindu family business
E. Co-operative form of business
Select an option to see the answer and solution.
As per the Consumer Protection Act, who among the following is NOT regarded as Consumer?
A. Who buys any goods or services
B. Who hires or avails any services
C. Who uses/is benefitted from services without making any payment
D. Who obtains goods for resale
E. Who sells/purchases shares to a share broker
Select an option to see the answer and solution.
What is the time limit for filing a complaint to the District Forum?
A. One year
B. Two years
C. Three years
D. Infinite (There is no such limit)
Select an option to see the answer and solution.
A partner under his 'Implied Authority' can
A. enter into partnership with others on behalf of the firm
B. submit a dispute relating to the business of the firm for arbitration
C. defend any suit filed against the firm
D. withdraw any suit or proceeding filed on behalf of the firm
Select an option to see the answer and solution.
Direction: The following question consists of two statements.
One is labeled as Assertion (A) and the other as Reason (R) . You have to examine both the statements carefully and decide whether Assertion (A) and Reason (R) separately are true and if so, the reasoning statement is the correct explanation. Mark these items on the answer sheet.
Assertion (A): Social responsibility of business is an idea which cannot be put into action in most of the professions.
Reason (R): There are no standards by which the extent of responsibility of each segment of the society can be measured.
A. Both A and R are true and R is the correct explanation of A
B. Both A and R are true but R is not the correct explanation of A
C. A is true, but R is false
D. A is false, but R is true
Select an option to see the answer and solution.
The order for import of goods is called:
A. Indent
B. Import Order
C. Bill of Lading
D. Letter of Credit
Select an option to see the answer and solution.
Match the following countries with the types of Double Taxation Avoidance Agreement signed by India with them:
Country
Type of Agreement
a. Austria
1. Limited Agreement
b. Bahamas
2. Comprehensive Agreements
c. Lebanon
3. Comprehensive Agreements/Limited Multilateral Agreement
d. Sri Lanka
4. Tax Information Exchange Agreement
Choose the correct option:
A. a-4, b-2, c-1, d-3
B. a-2, b-4, c-1, d-3
C. a-2, b-4, c-3, d-1
D. a-1, b-2, c-3, d-4
Select an option to see the answer and solution.
Shipping order is issued by:
A. Shipping Company
B. Custom Authorities
C. Reserve Bank of India
D. Department of Foreign Trade
Select an option to see the answer and solution.
In sole proprietorship business the liability of the sole proprietor is:
A. Secondary
B. Limited
C. Unlimited
D. Joint liability
E. Proportionate liability
Select an option to see the answer and solution.
Environment degeneration does not consist of:
A. Land degeneration and soil erosion
B. Problem of over grazing and ecological degeneration
C. Floods
D. None of the above
Select an option to see the answer and solution.
Written statements of organizational purpose are called
A. Mission statements
B. Formalization
C. Formal organization charts
D. None of these
Select an option to see the answer and solution.
The 'Scalar principle' of organisation implicitly lays down that:
A. A subordinate should have only one superior
B. Line of authority must be clearly defined
C. Manager should directly supervise only a limited number of subordinates
D. All authority should vest in one single person
Select an option to see the answer and solution.
NRI's can now invest in the equity capital of an export oriented Indian company up to:
Select an option to see the answer and solution.
Liability of sole proprietorship-
A. limited to the capital invested by him in the business
B. limited to the value of the business assets
C. limited to the value of business properties and all his personal assets
D. None of the above
Select an option to see the answer and solution.