Commerce Objective Type Questions and Answers

(21) Which one of the following statements about RBI is 'True'?

[A] RBI maintains the foreign exchange reserves of India

[B] RBI is the regulator of Banks and Securities market in India

[C] RBI started functioning from 1870

[D] None of these

Answer: RBI maintains the foreign exchange reserves of India

(22) Which one among the following is not true of the planning Commission?

[A] It indicates the factors which tend to retard economic development

[B] It is an advisory body and makes recommendations to the cabinet

[C] It is responsible for formulation of a plan for the most effective and balanced utilisation of the country's resources

[D] It is responsible for the execution of development programmes and plans

Answer: It indicates the factors which tend to retard economic development

(23) Brent index is associated with–

[A] shipping rate index

[B] crude oil prices

[C] copper future prices

[D] gold future prices

Answer: crude oil prices

(24) Which one among the following industries produces the most nonbiodegradable wastes?

[A] Thermal power plants

[B] Paper mills

[C] Food processing units

[D] Textile mills

Answer: Thermal power plants

(25) Which one among the following is not true for Special Economic Zones?

[A] No routine examination of cargo for export/import by customs authorities

[B] No licence is required for import

[C] Manufacturing and service activities are allowed

[D] No routine examination of cargo for export/import by customs authorities

Answer: No routine examination of cargo for export/import by customs authorities

(26) What is the correct sequence of the following steps in a strategic planning process ?

1. Inputs 2. Evaluation of alternatives

3. Execution 4. SWOT analysis

Select the correct answer using the code given below–

[A] 1 - 4 - 2 – 3

[B] 4 - 1 - 2 - 3

[C] 1 - 2 - 3 – 4

[D] 4 - 1 - 3 - 2

Answer: 4 - 1 - 3 - 2

(27) Consider the following statements–

1. Aggregate planning implies operational planning concerned with determining a firm's production requirements and manufacturing capacity.

2. Behaviour modification is a concept of motivation totally independent of rewards for the employees.

Which of the statements given above is/are correct ?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: Both 1 and 2

(28) Which one of the following is not one of the elements of the 7S McKinsey Model for analyzing and improving organizational effectiveness ?

[A] Strategy

[B] Structure

[C] Shared Values

[D] Standard

Answer: Standard

(29) Pohang Steel Company (POSCO) is a company originally based in–

[A] Vietnam

[B] South Korea

[C] USA

[D] Italy

Answer: South Korea

(30) When does a body corporate become capable forthwith of exercising all the functions of a company ?

[A] On finalizing Memorandum of Association

[B] On obtaining certificate of commencement of business

[C] On obtaining certificate of incorporation

[D] On having convened its first Annual General Meeting

Answer: On obtaining certificate of incorporation

31 Accounting for research and development relates to–

[A] AS-7

[B] AS-8

[C] AS-9

[D] AS-10

Answer: AS-8

32 A co-operative auditor starts his work of audit from–

[A] Account Books

[B] Payment Books

[C] Cash Book

[D] None of the above

Answer: Cash Book

33 Given : Average profit of a firm Rs. 21,000 Normal Profit Rs. 18,000 Value of goodwill on the basis of 3 years purchases of super profit shall be–

[A] Rs. 39,000

[B] Rs. 9,000

[C] Rs. 3,000

[D] Rs. 12,000

Answer: Rs. 9,000

34 Which of the following is an example of capital expenditure ?

[A] Insurance Premium

[B] Taxes and Legal expenses

[C] Depreciation

[D] Custom duty on import of machinery

Answer: Custom duty on import of machinery

35 A Company can reissue its forfeited shares–

[A] At a premium

[B] At a face value

[C] At a discount

[D] All of the above

Answer: All of the above

36 Which one of the following is not a barrier in communication ?

[A] Noise

[B] Affection

[C] Fear and distrust

[D] Perception

Answer: Perception

37 Coordination has the following features–

[A] Continuous

[B] Vertical organisation

[C] Horizontal relationship

[D] All of the above

Answer: All of the above

38 ‘x’ and ‘y’ theory of Motivation has been propounded by–

[A] McGregor

[B] Alpha

[C] Ouchi

[D] Herzberg

Answer: McGregor

39 Unity of command implies having not more than one–

[A] Subordinate

[B] Friend

[C] Boss

[D] Unit

Answer: Boss

40 Control function of management implies–

[A] To bring harmony in various activities

[B] To keep the workforce satisfied

[C] To take corrective course of action

[D] To dictate the subordinates

Answer: To take corrective course of action

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