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Commerce Questions and Answers for Competitive Exams | Commerce Quiz Set 7

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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) Which one of the following statements is false ?
[1] Normally, a price demand curve slopes downward from left to right.
[2] Economies of scale and economies of scope are the same.
[3] For optimization, equality between marginal cost and marginal revenue is a necessary condition but it is not a sufficient one
[4] Law of variable proportions denotes input-output relationship during short-run.
Answer: Economies of scale and economies of scope are the same.
(2) Which of the following is not an accounting software package ?
[1] Quick Books
[2] Sage one
[3] Sage M
[4] Sage 50
Answer: Sage M

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(3) If the population is heterogeneous, which one of the following probability sampling methods is more appropriate ?
[1] Sequential sampling
[2] Quota sampling
[3] Double sampling
[4] Stratified sampling
Answer: Stratified sampling
(4) Which one of the following statements is false ?
[1] Both correlation and regression co-efficients have same sign.
[2] Arithmetic mean of the regression co-efficients is always more than the correlation co-efficient
[3] Regression co-efficients are independent of both the origin and scale.
[4] Correlation co-efficient is the square root of two regression co-efficients.
Answer: Regression co-efficients are independent of both the origin and scale.
(5) Black box model in marketing relates to :
[1] Marketing planning
[2] Marketing mix
[3] Marketing control
[4] Consumer behaviour
Answer: Consumer behaviour
(6) 28. Items, considered part of the augmented product, do not include :
[1] Guarantee
[2] Complementary products
[3] Warranty
[4] Channels of distribution
Answer: Channels of distribution
(7) Which of the following is not a type of direct marketing ?
[1] Direct mail marketing
[2] Telemarketing
[3] Retail marketing
[4] Email direct marketing
Answer: Retail marketing
(8) ‘Press release’ is a part of :
[1] Public relations
[2] Sales promotion
[3] Advertising
[4] None of the above
Answer: Public relations
(9) In capital budgeting, the term capital rationing implies :
[1] that no retained earnings are available
[2] that no external funds can be raised
[3] that limited funds are available for investment.
[4] that no fresh investment is required in current year
Answer: that limited funds are available for investment.
(10) In certainty equivalent approach, adjusted cash flows are discounted at
[1] Accounting Rate of Return
[2] Internal Rate of Return
[3] Hurdle Rate
[4] Risk Free Rate
Answer: Risk Free Rate
(11) Combined leverage is calculated as :
[1] Operating Leverage1Financial Leverage
[2] Operating Leverage2Financial Leverage
[3] Operating Leverage3Financial Leverage
[4] Operating Leverage4Financial Leverage
Answer: Operating Leverage3Financial Leverage
(12) Which of the following is not true with reference to capital budgeting ?
[1] Capital budgeting is related to asset replacement decisions.
[2] Cost of capital is equal to minimum required return.
[3] Existing investment in a project is not treated as sunk cost.
[4] Timing of cash flows is relevant.
Answer: Existing investment in a project is not treated as sunk cost.
(13) What is Economic Order Quantity ?
[1] Cost of an order
[2] Reorder level
[3] Cost of stock
[4] Optimum order size
Answer: Optimum order size
(14) Which of the following is not a basic objective of HRM ?
[1] To attract HR into the organisation
[2] To develop and motivate HR for better performance
[3] To have the reward and punishment system for HR
[4] To integrate and maintain HR in the organisation
Answer: To have the reward and punishment system for HR
(15) What is ‘gate hiring’ ?
[1] o select people who approach on their own for employment in the organisation.
[2] To select people who are recommended by the employees.
[3] To select people from public employment exchanges.
[4] To select people supplied by labour contractors
Answer: o select people who approach on their own for employment in the organisation.

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