Trade and Commerce was common to ____________ Dynasty.

(a)

Pallava

(b)

Chola

(c)

Pandiya

(d)

Chera

Conunerce serves as a valuable link between the _____________ and the ___________.

(a)

producer, consumer

(b)

consumer, worker

(c)

producer, worker

(d)

consumer, manager

Boats like _________ were used to cross rivers for domestic trade.

(a)

Fishings

(b)

Kalam

(c)

Marakalam

(d)

Thimil

The following does not characterise business activity?

(a)

Production of goods and services

(b)

Presence of risk

(c)

Sale or exchange of goods and services

(d)

Salary or wages

Which of the following is not characterized as economic activities?

(a)

Production of goods by manufacturer

(b)

Selling by retailers

(c)

Medical advice rendered by physician

(d)

Celebrating festivals

__________ refers to the occupation in which people work for others and get remuneration in the form of wages or salaries.

(a)

Employment

(b)

Profession

(c)

Business

(d)

Industry

Auxiliaries to trade is also called as ________.

(a)

Trade

(b)

Advertisement

(c)

Warehousing

(d)

Aids to Trade

Horticulture is an example for________.

(a)

Primary industry

(b)

Secondary industry

(c)

Tertiary industry

(d)

Local industry

Banking, factoring, accounting and insurance come under________ type of service.

(a)

Mechanical

(b)

Financial

(c)

Personal

(d)

Quinary

The structure in which there is separation of ownership and man agreement is called ______

(a)

Sole Proprietorship

(b)

Partnership

(c)

Company

(d)

All business organisation 

A business run by an individual is known as__________business.

(a)

Sole Trader

(b)

Partnership

(c)

Company

(d)

Co-operatives

"He receives all the profits and risks all of his property in the success or failure of the enterprise" was said by _______________.

(a)

Wheeler

(b)

J.L. Hansen

(c)

H.Haney

(d)

O.R. Krishnasamy

A temporary partnership which is formed to complete a specific job doing a specified period of time is called ________.

(a)

Partnership-at-will

(b)

Particular partnership

(c)

Limited Partnership

(d)

Joint Venture

A Partnership cannot engage in __________

(a)

large scale production

(b)

small scale production

(c)

foreign trade

(d)

smuggling goods

A partner whose name is not disclosed to outsiders is known as _______

(a)

Dormant partner

(b)

Sub-partner

(c)

Secret partner

(d)

Minor partner

Companies established as a result of a charter granted by the King or Queen of a country is called ____________

(a)

Chartered companies

(b)

Statutory companies

(c)

Registered companies

(d)

Foreign companies

Which of the following documents define the scope of a Company's Activities?

(a)

Memorandum of Association

(b)

Articles of Association

(c)

Prospectus

(d)

Statutory Declaration

The maximum number of members in a private company is______.

(a)

10

(b)

20

(c)

50

(d)

unlimited

Consumers Co-operation was first successful in_______.

(a)

England

(b)

USA

(c)

Swiss

(d)

India

The warehouses in where the goods are temporarily stored for one or two days are known as ______________

(a)

Co-operative warehouses

(b)

Public warehouses

(c)

bonded warehouses

(d)

Distribution center warehouses

The minimum number of members to start a cooperative is________.

(a)

10

(b)

15

(c)

20

(d)

25

Enterprises operating in several countries but managed from one country is termed as______.

(a)

Government company

(b)

Multinational company

(c)

Private company

(d)

Joint Venture

MNCs carry the advantages of technical development ---------- host countries

(a)

5

(b)

10

(c)

15

(d)

20

MNC's own and manages business _________________ countries.

(a)

Two (or) more

(b)

Only one

(c)

In same

(d)

Only two

The primary objective of the state enterprises is to ______________

(a)

Earn profit

(b)

Provide Employment

(c)

Serve the People

(d)

All the Above

Public corporation are managed by ______________ nominated by the Government.

(a)

Board of directors

(b)

Company secretary

(c)

Shareholders

(d)

Manager

_____ industry is specified as priority sector by the RBI.

(a)

Small Scale

(b)

Large Scale

(c)

Agricultural

(d)

Medium

RBI is also called as_____Bank

(a)

World

(b)

Central

(c)

National

(d)

Banker's

Banking Regulation Act, ___________.

(a)

1947

(b)

1949

(c)

1945

(d)

1946

The Local Area Banks are promoting

(a)

Rural Savings

(b)

Business Savings

(c)

Industrial development

(d)

Agricultural development

State bank of India was established on 1st July _____________

(a)

1949

(b)

1955

(c)

1956

(d)

1969

In 2017, there were_______ scheduled foreign banks

(a)

42

(b)

24

(c)

84

(d)

48

The largest commercial bank of India ____________

(a)

ICICI

(b)

SBI

(c)

PNB

(d)

RBI

Overdraft facility is available for ___________

(a)

Savings Bank Account

(b)

Fixed Deposit

(c)

Current Account

(d)

Recurring Deposit

The secured credit facility given mostly to business institutions are known as______

(a)

Overdraft

(b)

Loan

(c)

Advances

(d)

Cash credit

__________ warehouses are used for storing perishable goods like fruits, vegetables etc.

(a)

Bonded

(b)

Private

(c)

Cold storage

(d)

Co-operative

NCDC is an example of ________ warehouse.

(a)

Private

(b)

Government

(c)

Public

(d)

Co-operative

CWC was established in _________.

(a)

1964

(b)

1957

(c)

1956

(d)

1952

Transport removes the hindrance of ___________

(a)

Time

(b)

Place

(c)

Personal

(d)

Knowledge

If the Railway receipt is lost, the consignee obtains the goods by ____________

(a)

Paying a Penalty

(b)

Obtaining a duplicate copy

(c)

Executing an indemnity bond

(d)

Report to the police

Who is the inventor of steam engine?

(a)

James Watt

(b)

Haney

(c)

Wheeler

(d)

Thomas

Which one of the following is a type of marine insurance?

(a)

Money back policy

(b)

Cargo Insurance

(c)

Hull insurance

(d)

both b & c

Which of the following is covered under Life Assurance policy?

(a)

Annuity Policy

(b)

Health Policy

(c)

Freight Policy

(d)

Crop Policy

When a ship is insured against any type of danger it is known as _________________

(a)

Cargo Insurance

(b)

Marine Insurance

(c)

Hull Insurance

(d)

Voyage Insurance

A continuing relationship which provides a license privileges to do business and provides training, merchandising for a consideration is called _____.

(a)

Franchising

(b)

Factoring

(c)

Supply chain Management

(d)

Exchange

Under which model Business concern sell directly to consumers _____________

(a)

B2C

(b)

B2B

(c)

C2B

(d)

B2G

'Facere' means _____.

(a)

to make or do

(b)

to produce

(c)

to assemble

(d)

to receive

Assuming Social Responsibility of business helps the enterprise in ____

(a)

Increase Profit

(b)

Decrease Profit

(c)

Sustainability

(d)

Equilibrium

The factors causing ethical behaviour in business are _______.

(a)

Government Law

(b)

Government Policies

(c)

Public Awareness

(d)

All of the above

How many kinds of Social Relationship of business?

(a)

two

(b)

three

(c)

four

(d)

five

The role of top management is to guide the entire organisation towards ______.

(a)

General Behaviour

(b)

 Organisational behaviour

(c)

 Ethically upright behaviour

(d)

 Individual behaviour

The Corporate governance structure of a company reflects the individual companies ______________

(a)

Cultural and economic system

(b)

Legal and business system

(c)

Social and regulatory system

(d)

All of the above

Ethics governs the_____.

(a)

behaviour

(b)

ethos

(c)

life

(d)

payoffs

Internal sources of Capital are those that are ___________

(a)

generated through outsiders such as suppliers

(b)

generated through loans from commercial banks

(c)

generated through issue of shares

(d)

generated within the business

Under the lease agreement, the lessee gets the right to __________

(a)

Share profit earned by the lessor

(b)

Participate in the management of the organisation

(c)

Use the Asset for a specified period

(d)

Sell the Assets

International saving Bank Congress declared World Savings Day on _______.

(a)

October 31

(b)

October 13

(c)

September 31

(d)

March 13

__________bond is a special type of bond issued in the currency other than the home currency.

(a)

Government Bonds

(b)

Foreign Currency Convertible Bond

(c)

Corporate bonds

(d)

Investment Bonds

The exchange rate is the ________.

(a)

Opportunity cost at which goods are produced domestically.

(b)

Balance of trade ratio of one country to another.

(c)

Price of one country's currency expressed in terms of another country's currency.

(d)

Amount of currency that can be purchased with 1 ounce of gold.

From _______ Foreign International Investors have been allowed to invest in all securities traded on the primary and secondary markets.

(a)

1992

(b)

1991

(c)

1995

(d)

1996

Self help groups convert the savings into a common fund known as____

(a)

Common Fund

(b)

Groups corpus Fund

(c)

Group Fund

(d)

None of the above

The process of manufacturing enterprises are specified in the first schedule to the______.

(a)

CA 2013

(b)

MSMED 2006

(c)

IDRA 1951

(d)

PA 1932

"Mahalir Thittam" project was launched during________.

(a)

1997-98

(b)

1999-99

(c)

1999-2000

(d)

2000-2001

When goods are Imported for the purpose of Export it is called as _____.

(a)

Foreign Trade

(b)

Home Trade

(c)

Entrepot Trade

(d)

Trade

Home trade is classified into______.

(a)

Wholesale Trade

(b)

Retail Trade

(c)

Both (a) and (b)

(d)

None of these

Trade transfers _____

(a)

Possessions of goods only

(b)

Ownership of goods only

(c)

Both (a) & (b)

(d)

None

Trade middleman who acts as a link between wholesaler and customers refers to a____________

(a)

Producer

(b)

Broker

(c)

retailer

(d)

customer

Mr. X is studying the potential for selling for his company's products in USA. As part of his analysis, he is assessing the number, types and availability of wholesalers and retailers. Mr. X is studying the country's______

(a)

Social and Cultural norms

(b)

Legal and political structure

(c)

Distribution channel structure

(d)

Technological study

The person who guarantees to the principal regarding the collection of cash from credit sales is called as______________

(a)

Agent

(b)

Del-credere Agent

(c)

Factor

(d)

Commission Agent

A number of identical retail shops situated at different localities int he city or in the different parts of the country is called________.

(a)

Consumer Co-operative store

(b)

Multiple Shop

(c)

Hire purchase System

(d)

Internet Shopping

The risk of bad debts in this business is eliminated particularly when payment is received through VPP______.

(a)

Departmental Store

(b)

Co-operative Store

(c)

Super Market

(d)

Mail order business

Centralised purchasing and Decentralised selling is the feature of_________

(a)

Departmental Stores

(b)

Multiple Shops

(c)

Mail order Business

(d)

None

Movement of Goods, Services among the Countries.

(a)

International Trade

(b)

International Business

(c)

Enterepot Trade

(d)

Internal Trade

In due course __________ was replaced by ______ on 1st January 1995.

(a)

GATO, WTO

(b)

ETO, GATT

(c)

GATT, WTO

(d)

IMF, GATT

Which of the following is not an Indian Multinational Company?

(a)

Unilever

(b)

Asian Paints

(c)

Wipro

(d)

Piramal

EPC stands for _____.

(a)

Export Processing Commission

(b)

Export Promotion Council

(c)

Export Carriage Council

(d)

Export Promotion Congress

Which of the following institution provides insurance against various risks in international trade?

(a)

Export Promotion Council

(b)

Export and Credit Guarantee Corporation

(c)

Commodity Board

(d)

State Trading Corporation

Which one of the following is not a import trade procedure?

(a)

Obtaining foreign exchange

(b)

Obtaining certificate of origin

(c)

Obtaining letter of credit

(d)

Receipt of shipment advice

General Agreement on Tariff and Trade was signed on ___________

(a)

30-October-1947

(b)

29-October-1947

(c)

28-October-1947

(d)

26-October-1947

The number of countries as members in IFC are ______

(a)

164

(b)

148

(c)

185

(d)

184

SAARC has been established for promoting welfare of people of ______

(a)

America

(b)

Africa

(c)

Asia

(d)

Europe

Foreign Capital long-term loan and Foreign Currency reserve are recorded under_____.

(a)

Official Capital

(b)

Private Capital

(c)

Banking Capital

(d)

Both private and official Capital

Balance of payment of a country includes ______.

(a)

Current account

(b)

Monetary account

(c)

Capital account

(d)

All of the above

Balance of payments of a country has ______  parts.

(a)

2

(b)

3

(c)

4

(d)

5

An Agreement enforceable by law is a _______.

(a)

Enforceable acceptance

(b)

Accepted offer

(c)

Approved promise

(d)

Contract

Which of the following law is base for the development of Indian contract Act 1872 ?

(a)

English Common Law

(b)

America Common Law

(c)

Austrilia Common Law

(d)

Europe Common Law

The Contract Act came into force ______.

(a)

from 1 September 1972

(b)

before 1 September 1882

(c)

from 1 September 1872

(d)

after 1 September 1872

Which of the following persons can perform the contract?

(a)

Promisor alone

(b)

Legal representatives of promisor

(c)

Agent of the promisor

(d)

All of above

A promise to paint a picture for B. This contract will be performed by _______.

(a)

Agent

(b)

Legal representative

(c)

Promisor by himself

(d)

Promisee by himself

When the two promises are said to be performed simultaneously, they are said to be _______.

(a)

Mutual and Independent

(b)

Mutual and dependen

(c)

Mutual and concurrent

(d)

Conditional and dependent

Any agreement which becomes impossible to perform under various circumstances ____________

(a)

Voidable

(b)

Void

(c)

Valid

(d)

None of these

In case of breach of contract, which of the following remedies is not available to the aggrieved party?

(a)

suit for rescission

(b)

suit for damages

(c)

suit for specific performance

(d)

suit under Indian Penal Code

Which of the following is the usual law remedy?

(a)

Injunction

(b)

Specific Performance

(c)

Damages

(d)

Penalty

Income Tax is ___________

(a)

a business tax

(b)

a direct tax

(c)

an indirect tax

(d)

none of these

How many heads of income are there to compute Gross total income?

(a)

Six

(b)

Five

(c)

Four

(d)

Three

Compensation received for loss of trading asset is a _______________

(a)

Capital receipt

(b)

Revenue receipt

(c)

a casual receipt

(d)

None of the above

GST stands for __________

(a)

Goods and Supply Tax

(b)

Government Sales tax

(c)

Goods and Services Tax

(d)

General Sales Tax

What is IGST?

(a)

Integrated Goods and Services Tax

(b)

Indian Goods and Services Tax

(c)

Initial Goods and Services Tax

(d)

All the Above

GST is a _________ based tax on consumption of goods and services.

(a)

duration

(b)

destination

(c)

dividend

(d)

development

India GST model has _________ rate structure.

(a)

3

(b)

5

(c)

4

(d)

6