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Commerce Questions and Answers for Competitive Exams | Commerce Quiz Set 25

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Free Download as PDF Commerce Quiz Questions and Answers for Competitive Exams or solved MCQs with answers. These quiz objective questions are helpful for competitive exams SSC, UPSC, IAS, IPS, CDS, NDA, Railways or RRB, psc exams of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, West Bengal, Chhattisgarh, Uttarakhand, Jharkhand, Telangana etc.
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(1) Underwriters of the security issues are required to
[1] Purchase the securities underwritten
[2] Work as agent of the company for marketing the securities
[3] Manage the issues of the securities
[4] Take up securities not subscribed by investors
Answer: Take up securities not subscribed by investors
(2) Relationship at work is the source of
[1] Status anxiety
[2] Legitimate power
[3] Managerial stress
[4] Expert power
Answer: Managerial stress

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(3) Formal conflict is a kind of
[1] Goal Conflict
[2] Role Conflict
[3] Organisational Conflict
[4] Emergent Conflict
Answer: Organisational Conflict
(4) One of the objectives of organisational change is
[1] Increased motivation
[2] Greater innovation
[3] Solving inter-group problems
[4] Changes in an organisation’s level of adaptation to its environment
Answer: Changes in an organisation’s level of adaptation to its environment
(5) Which of the following is not true about employee grievances ?
[1] Grievance is a sign of employee’s discontent with job or its nature.
[2] Grievance provides a downward channel of communication.
[3] Grievance arises only when an employee feels that injustice has been done to him.
[4] Grievance can be real or imaginary.
Answer: Grievance provides a downward channel of communication.
(6) Which of the following is not a component of Job Analysis ?
[1] Job Description
[2] Role Analysis
[3] Job Summary
[4] Job Specification
Answer: Job Summary
(7) Under the Cooperative Bank structure, the apex institution is
[1] National Cooperative Bank
[2] District Cooperative Bank
[3] State Cooperative Bank
[4] IDBI Bank
Answer: State Cooperative Bank
(8) What is SLR ratio of a bank ?
[1] Ratio of total deposits against total investments.
[2] Amount deposited by the bank with the Central Bank in the form of cash, gold and securities.
[3] Amount that commercial banks are required to maintain before providing credit to customers.
[4] Amount that commercial banks deposit with the foreign banks
Answer: Amount that commercial banks are required to maintain before providing credit to customers.
(9) 59. As per the South Asia Free Trade Agreement, 1993 of SAARC, the member countries have to bring their duties down to
[1] 25 percent by 2006
[2] 15 percent by 2006
[3] 10 percent by 2007
[4] 20 percent by 2007
Answer: 20 percent by 2007
(10) ADRs’ and GDRs’ are an excellent means of investment to invest in India for
[1] NRIs’
[2] Foreign nationals
[3] Both (A) & (B)
[4] None of the above
Answer: Both (A) & (B)
(11) Which of the following is not provided by EXIM Bank, for financing overseas investments ?
[1] Term loans to Indian Companies upto 80% of their equity investment in overseas JV/WOS.
[2] Term loans to Indian Companies towards upto 100% of loan extended by them to the overseas JV/WOS.
[3] Term loan to overseas JV/WOS towards part financing.
[4] Guarantee facility to the overseas JV/WOS for raising term loan/working capital
Answer: Term loans to Indian Companies towards upto 100% of loan extended by them to the overseas JV/WOS.
(12) Under Section 271 C of the Income Tax Act, 1961 the amount of penalty for failure to deduct tax at source is
[1] 10% of tax which is otherwise deductible under Section 194 C.
[2] 100% of tax which is otherwise deductible under Section 194 C.
[3] 200% of tax which is otherwise deductible under Section 194 C.
[4] 300% of tax which is otherwise deductible under Section 194 C.
Answer: 100% of tax which is otherwise deductible under Section 194 C.
(13) In which of the following cases, income of previous year is assessable in the previous year itself ?
[1] A person in employment.
[2] A person engaged in illegal business.
[3] A person who is running charitable business.
[4] A person leaving India permanently
Answer: A person leaving India permanently
(14) Long term capital loss can be set off from which of the following ?
[1] Short term capital gain only
[2] Long term capital gain only
[3] Income from business and profession
[4] Capital gain head of income
Answer: Long term capital gain only
(15) In which of the following long term assets, cost indexation benefit is allowed ?
[1] Debentures issued by a company
[2] Self generated goodwill of a business
[3] Bonus shares allotted on 1-4-2000
[4] Jewellery
Answer: Jewellery

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