Commerce Questions and Answers - Set 16

(1) A scale of measurement for a variable that considers order, distance and unique origin is known as

[1] Nominal Scale

[2] Interval Scale

[3] Ordinal Scale

[4] Ratio Scale

Answer: Ratio Scale

(2) Which of the following is a part of the central processing unit of a computer ?

[1] Hard Disk

[2] RAM

[3] Arithmetic Logic Unit

[4] Video Display Unit

Answer: Arithmetic Logic Unit

(3) According to Henry Fayol, which of the following qualities are required in a manager ?

[1] Physical, mental, moral, educational, technical and experience

[2] Physical, mental, moral, administrative, technical and experience

[3] Physical, mental, moral, conceptual, technical and experience

[4] Physical, mental, moral, conceptual, technical and commercial

Answer: Physical, mental, moral, educational, technical and experience

(4) Which of the following organises the activities of a business around geographical, market or product groups ?

[1] Functional organisational structure

[2] Project organisational structure

[3] Matrix organisational structure

[4] Divisional organisational structure

Answer: Divisional organisational structure

(5) Which one of the following regarding the structural barriers to communication is correct ?

[1] Filtering and Inattention

[2] Emotions and Time pressure

[3] Credibility and Attitude

[4] Status and Specialisation

Answer: Status and Specialisation

(6) Though often criticized, the selling concept is particularly appropriate and effective with which of the following types of products ?

[1] Convenience

[2] Shopping

[3] Speciality

[4] Unsought

Answer: Unsought

(7) Your firm is attempting to divide up the total market to determine the best segments it can serve. Which is the correct order of doing so ?

[1] market segmentation, target marketing, market positioning

[2] target marketing, market positioning, market segmentation

[3] market positioning, market segmentation, target marketing

[4] mass marketing, demographic segmentation, psychographic segmentation

Answer: market segmentation, target marketing, market positioning

(8) SBI has applied to open branches in Pakistan in recent agreement between India and Pakistan at

[1] Islamabad and Karachi

[2] Rawalpindi and Sindh

[3] Lahore and Islamabad

[4] Lahore and Karachi

Answer: Lahore and Karachi

(9) As per the Foreign Trade Policy 2015-2020, a five star export house should have ?

[1] Export performance (FOB/FOR) of US $ 500 million during current and previous two years.

[2] Export performance (FOB/FOR) of US $ 1000 million during current and previous two years.

[3] Export performance (FOB/FOR) of US $ 1500 million during current and previous two years.

[4] Export performance (FOB/FOR) of US $ 2000 million during current and previous two years.

Answer: Export performance (FOB/FOR) of US $ 2000 million during current and previous two years.

(10) To become a director in a company the person must obtain

[1] Business Licence

[2] Director’s Licence

[3] TIN

[4] DIN

Answer: DIN

(11) Which of following is not a “Maharatna” industry in India ?

[1] CIL

[2] SAIL

[3] GAIL

[4] OIL

Answer: OIL

(12) Which of the following is not a cash inflow ?

[1] Decrease in creditors

[2] Issue of shares

[3] Decrease in debtors

[4] Sale of a fixed asset

Answer: Decrease in creditors

(13) Which one of the following is not the characteristic of normal distribution ?

[1] Mean, median and mode for the normal distribution are equal.

[2] The two tails of the normal curve extend to infinity in both directions but never touch the horizontal axis.

[3] For different values of standard deviation, the height of the mean ordinate remains the same

[4] The number of independent constraints of normal distribution are N, X and

Answer: For different values of standard deviation, the height of the mean ordinate remains the same

(14) Which of the following is a deterioration of mental efficiency, reality testing and moral judgement that results from in-group pressure ?

[1] Harassment

[2] Group burnout

[3] Group control

[4] Group think

Answer: Group think

(15) The apex body at the highest level of the unit/division, which oversees the functioning of quality circles, is called

[1] Facilitator

[2] Coordinator

[3] Steering committee

[4] Supervisory committee

Answer: Steering committee

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Commerce Questions and Answers for Competitive Exams | Commerce Quiz Set 16

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