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Commerce Questions and Answers for Competitive Exams | Commerce Quiz Set 5

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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) Interest earned by a depositor against a deposit with a commercial bank for custodial service :
[1] is a fund based income
[2] is a fee based income
[3] is a combination of fund and fee based gain
[4] is a commitment based gain
Answer: is a fund based income
(2) The operations of banks and financial institutions are regulated by :
[1] The RBI Act 1934 only
[2] The Banking Regulation Act 1949 only
[3] Information Technology Act 2000 only
[4] All of the above
Answer: All of the above

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(3) To operationalise online, internet, mobile banking, debit card and credit card tools, some of the essential ingredients are :
[1] Compliance with the Information Technology Act 2000
[2] Satellite connection
[3] Selection of a portal and server
[4] All of the above
Answer: All of the above
(4) Any country consistently facing balance of payment deficiency can approach
[1] The World Bank
[2] The Smithsonian Institute
[3] IMF
[4] The IMF and the IBRD
Answer: IMF
(5) Counter–trade means :
[1] A sort of bilateral trade where one set of goods is exchanged for another set of goods and a seller provides a buyer with deliveries
[2] A company takes full responsibility for making its goods available in the target market by selling directly to the end-users.
[3] The companies in two separate sovereigns agree to exchange one set of goods for another set of goods
[4] A set of multilateral trade where one of goods and services may be exchanged for another set of goods and services among the trading partners.
Answer: A sort of bilateral trade where one set of goods is exchanged for another set of goods and a seller provides a buyer with deliveries
(6) The floating rate system is characterised by :
[1] the market forces that determine the exchange rate between two currencies.
[2] the central banking authorities of the two countries mutually agree upon the rate.
[3] help realigning the par value of major currencies.
[4] the rate of exchange mutually agreed upon between IMF and its member nations
Answer: the market forces that determine the exchange rate between two currencies.
(7) A practice of selling a commodity in a foreign market at a price lower than the domestic price; and even at equal to the cost of production to capture foreign market is known as :
[1] Gouging
[2] Forging
[3] Dumping
[4] Forfeiting
Answer: Dumping
(8) The highest percentage of export from India went to which of the following regions in 2013-14 ?
[1] OECD countries
[2] SAARC
[3] USA
[4] Latin America
Answer: OECD countries
(9) X Ltd. goes into liquidation and a new company Z Ltd. purchases the business of X Ltd. It is a case of :
[1] Amalgamation
[2] Internal reconstruction
[3] Absorption
[4] External reconstruction
Answer: External reconstruction
(10) When the cost incurred on recruiting, training and developing the employees is considered for determining the value of employees, it is called :
[1] The replacement cost approach
[2] The opportunity cost approach
[3] The historical cost approach
[4] None of the above
Answer: The historical cost approach
(11) In India, NIFTY and SENSEX are calculated on the basis of :
[1] Market capitalisation
[2] Paid up capital
[3] Authorized share capital
[4] Free-float market capitalisation
Answer: Free-float market capitalisation
(12) Financial Instruments which are issued with detachable warrants and are redeemable after certain period is known as
[1] Deep Discount Bonds
[2] Bunny Bonds
[3] Secured Premium Notes
[4] Junk Bonds
Answer: Secured Premium Notes
(13) In addition to motivation, learning and memory, which one of the following is included in the main psychological processes affecting consumer behaviour ?
[1] Perception
[2] Life cycle
[3] Life style
[4] Social class
Answer: Perception
(14) Which one of the following is not a stage in the product life cycle ?
[1] Introduction
[2] Growth
[3] Equilibrium
[4] Decline
Answer: Equilibrium
(15) Which one of the following is correct statement in respect of co-branding ?
[1] Co-branding is an umbrella branding of goods of a company
[2] In co-branding, two or more well-known existing brands are combined into a joint product.
[3] Co-branding is the process of combining two brands for promoting brand equity.
[4] All of the above
Answer: In co-branding, two or more well-known existing brands are combined into a joint product.

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