Commerce MCQ Questions and Answers
Quantitative Aptitude - Commerce MCQ Questions with Answers are essential for students preparing for commerce exams. Commerce MCQ Aptitude improves analytical skills and understanding of business mathematics, making it useful for CA, ICWA, and other commerce exams.
Commerce MCQ
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242 questions
51. Consider the following statements- In the absence of an agreement, a partner of a firm has the right to 1. claim remuneration for taking part in the management. 2. take part in the conduct and management of business. 3. share the profits of the firm equally with other partners. 4. pledge partnership property as a security for his own private debts. Which of the statements given above is/are correct ?
- 1 and 4
- 2 and 3
- 1 only
- 4 only
52. Match List-I with List-II and select the correct answer using the code given below the Lists- List-I (Type of Company) (a) Statutory company (b) Registered company (c) Company limited by shares (d) Company limited by guarantee List-II (Feature) 1. Member's liability is limited to the face value of shares 2. Regulated by the provisions of the Companies Act 3. Generally formed for promotion of culture, art, science, religion etc. 4. Formed under Special Act Codes : (a) (b) (c) (d)
- 4 1 2 3
- 3 2 1 4
- 3 1 2 4
- 4 2 1 3
53. Consider the following statements in respect of the "Duty Free Import Authorization Scheme". 1. The scheme offers the facility to import the required inputs before exports. 2. The scheme allows the transfer of scrip once the export obligation is complete. Which of the statements given above is/are correct ?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
54. Under which one of the following is the term ‘Dominant Undertaking’ defined ?
- MRTP Act
- FEMA
- Companies Act
- SEBI
55. To which one of the following aspects does an established pattern of relationships among the components of an organization refer ?
- Organization strategy
- Organization structure
- Organization process
- Organization policy
56. Consider the following statements- 1. Authority in an organization is the formal or institutional right to command stemming from official delegation of position. 2. Legitimate power is the right to manage derived from delegation based on ownership or property rights. Which of the statements given above is/are correct ?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
57. Which one of the following is not correct in respect of the Theory X?
- It emphasizes that most average human beings avoid to be led, want to lead
- According to the theory X, the Managers tend to be autocratic
- The theory X assumes that most human beings must be directly controlled in order to achieve organizational goals
- The theory X assumes that most individuals have little ambition and want security
58. When Maslow's need hierarchy is compared with Herzberg's two-factor theory of motivation, which of the following statements are correct ? 1. Maslow's psychological needs; security, safety and affiliation or acceptance represent almost the same meanings as Herzberg's maintenance factor. 2. Esteem or status is also a part of maintenance factor. 3. Self-actualization can be compared as a component of motivators as in Herzberg's theory. Select the correct answer using the code given below-
- 1, 2 and 3
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
59. Which one of the following is not an element of direction ?
- Planning and organizing various resources for doing work
- Continuous training activity in which subordinates are instructed to carry out a particular assignment
- Motivation of subordinates to try to meet the expectations of manager
- Maintaining discipline and rewarding those who perform properly
60. Consider the following statements in respect of PERT- 1. PERT is a variation of milestone budgeting. 2. PERT employs probabilistic estimate of time required for completion of an activity. 3. PERT also includes the transfer of resources for reduction of duration of completion of a project. Which of the statements given above are correct ?
- 1, 2 and 3
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only