Commerce Questions and Answers for Competitive Exams | Commerce Quiz Set 27

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Questions
1 “Relationship” in marketing means
1 Relation between buyer and seller
2 Relation between sales person
3 Relation between company and consumers
4 All of the above

Answer: Relation between company and consumers
2 Franchising is a practice of :
1 Leasing for a prescribed period of time, the right to use firm’s successful business model and brand.
2 Selling out a successful business model and brand.
3 Hiring a firm’s successful business model and brand.
4 None of the above.

Answer: Leasing for a prescribed period of time, the right to use firm’s successful business model and brand.
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3 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
4 Relationship at work is the source of
1 Status anxiety
2 Legitimate power
3 Managerial stress
4 Expert power

Answer: Managerial stress
5 Formal conflict is a kind of
1 Goal Conflict
2 Role Conflict
3 Emergent Conflict
4 Emergent Conflict

Answer: Emergent Conflict
6 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
7 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
3 Grievance arises only when an employee feels that injustice has been done to him.
4 Grievance can be real or imaginary.

Answer: Grievance can be real or imaginary.
8 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
9 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
10 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 deposit with the foreign banks.
11 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 10 percent by 2007
3 15 percent by 2006
4 20 percent by 2007

Answer: 20 percent by 2007
12 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)
13 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.
14 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.
15 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.

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