Commercial and non commercial activities
Transfer of ownership is not possible in
Profession and Employment
Which Industry do not support trade
A Banking
B. Warehousing
C. Insurance
D. Mining
Mining
Which of these is the example of non profit organisations
A. Audit firms
B. Insurance companies
C. Public hospitals
D. Corporations
C. Public hospitals
If the government invests 50% of a company’s share. It is a
A. Public Sector Undertakings
B. Joint Sector
B. Joint Sector
Which of the following is the objective of marketing.
A. Increase of one time sale
B. Build brand awareness.
C. Increase the price
D. Increase the expenses
B. Build brand awareness.
What is the minimum qualification required to become a businessman
No qualification required
Which of these are the features of business activities
Sale, transfer and exchange
Social services
Social well being
Sale, transfer and exchange
Which of these are NOT profit organisations
A. ArielB. Red cross
C. Red label
D. Green label
B. Red cross
Which of the following are / is the correct about private sector.
A. Privately controlled.
B. No government participation
C. Management with private business man
D. All of the above.
D. All of the above.
The slogan of marketing is
A. Let the buyer beware
B. Let the seller beware
C. Jet both of them beware
D. None of the above
B. Let the seller beware
Veer says “ Business is an economic activity” Justify his statement
A. The object of business is not to gain monetary gain
B. These activities are performed by humans to earn livelihood
C The object of these activities is cultural satisfaction
B. These activities are performed by humans to earn livelihood
Trade involves not only the functions of buying and selling but several other activities required to transport, store and finance goods. In other words, trade comprises commerce and various auxiliaries to trade
True or false
False
Profit companies are established with the purpose of promoting art, culture, sports and education.
A. True
B.False
B. False
Imagine you wish to set up private sector enterprises. Which of these will be its features.
A. Profit motive
B. No state participation
C. Public accountability
D. Independent management.
(I) A and B
(II) B and C
(III) C and B
(IV) A, B and D
(IV) A, B and D
What is something that begins with production and continues after sale?
A. Sales
B. Production
C. Marketing
D. Demand creation
C. Marketing
Imagine you are a doctor, which of the following motivates you as a doctor
A. Emphasis service rather than monetary gain
B. To make maximum possible money.
C. Specialised and systematised body of knowledge.
B. Emphasis service rather than monetary gain
Which of the statements are incorrect
A. The scope of commerce is narrower than business.
B. Commerce includes trade and auxiliaries to trade.
C. Foreign trade is purchase and sale in the same country.
C. Foreign trade is purchase and sale in the same country.
Statement 1: NPOs render services
Statement 2 : NPOs reinvest in the organisations reinvest in the organisation’s mission.
Which of the following is true for NPOs
A. Only Statement 1
B. Only Statement 2
C. Both Statement 1 and Statement 2
D. Neither Statement 1 nor Statement 2
C. Both Statement 1 and Statement 2
Statement 1 : The government may provide loans from time to time from the state exchequer.
Statement 2: The ultimate control of this sector lies with the government.
Which of these Statements holds good wrt Joint sector
A. Only Statement 1
B. Only Statement 2
C. Both Statement 1 and Statement 2
D. Neither Statement 1 nor Statement 2
D. Neither Statement 1 nor Statement 2
Market doesn’t simply mean the place where goods are bought and sold. Which of these statements state the reason for the statement.
A. Maximising the profit.
B. It refers to the total environment where buyers and sellers are free to interact so that the prices of the same goods tend to be equalised easily and quickly.
C. Goods can be purchased through internet, telephone
D. Profits through sales volume.
(I) A & B
(II) A & C
(III) B & C
(IV) B & D
(III) B & C
Assertion: The activities of a person may be economic at one time or a place and non economic at another time or place.
Reasoning: Non economic activities are concerned with the production, distribution and exchange of goods and services.
A. A is true and R is the correct explanation of A
B. A is true and R is the NOT the correct explanation of A
C. A is true, B is false
D. A is false but R is true
C. A is true, B is false
Assertion (A): Commerce is a wider term and trade is a part of commerce.
Reasoning (R): Trade implies buying and selling of goods and services. On the other hand, commerce includes all the activities which ensures free flow of goods from producers to the ultimate consumers
A. A is true and R is the correct explanation of A
B. A is true and R is not the correct explanation of A
C. A is true but R is false
D. A is false and R is true
A. A is true and R is the correct explanation of A
Assertion (A) : NPOs generate surplus revenues and surplus is distributed.
Reasoning (R): There exist a wide variety of NPOs. some of them are member serving while others are community serving
A. A is true and R is the correct explanation of R.
B. A is true and R is not the correct explanation of R.
C. A is true, R is false
D. A is false, R is true.
D. A is false, R is true.
Assertion (A): Organisations which undertake commercial activities are known as Commercial organisations.
Reasoning (R) : The main motive of the commercial organisations is to earn profit.
A. A is true, R is the correct explanation of A
B. A is true, R is the NOT correct explanation of A
C. A is true, R is false
D. A is false , R is true
A. A is true, R is the correct explanation of A
Assertion (A): Businesses that take time to adjust their strategies stay relevant and competitive.
Reasoning (R): By identifying untapped opportunities or entering new geographical areas, the company can increase its market share and its consumer base.
A. A is true and R is the correct explanation of A.
B. A is true and R is NOT the correct explanation of A.
C. A is true, R is false
D. A is false , R is true
D. A is false , R is true