Practice Test

Q1) Which of the following is part of liberalisation process? Show Answer

Q2) Macro factors of business environment are generally: Show Answer

Q3) Which one of the following is the result of product differentiation? Show Answer

Q4) Which one of the following is the desired future position. Show Answer

Q5) Mission Statement of a company is derived from its: Show Answer

Q6) There is a close and _____interaction between the business and its environment. Show Answer

Q7) ______is a feature of partnership form of business. Show Answer

Q8) _______from of business is/are appropriate for retail business. Show Answer

Q9) Which one of the following does not have perpetual succession? Show Answer

Q10) What is the maximum number of partners involved in the non-banking organisation in India? Show Answer

Q11) In a Hindu Undivided Family, liability of _________ is unlimited. Show Answer

Q12) In a relation to business organisation structure,which one of the following is easy to form and wind up? Show Answer

Q13) Which is not a feature of LLP? Show Answer

Q14) Voting right that vests with each member of co-operative society is: Show Answer

Q15) Gas Authority of India Limited is an example of: Show Answer

Q16) Which one of the following is true about micro enterprises? Show Answer

Q17) Which one of the following is a key in the firm's growth phase? Show Answer

Q18) In which year was the new economic policy ushered that gave a new direction to Indian economy? Show Answer

Q19) Which one of the following is not true about the purpose of a business? Show Answer

Q20) Network marketing include how many distribution channels? Show Answer

Q21) Network marketing involves: Show Answer

Q22) Which one of the following is category in which Business Process Outsourcing can be categorised? Show Answer

Q23) What is the primary purpose of budgeting? Show Answer

Q24) These influences the choice of location of business: Show Answer

Q25) What is the chief work done by top authorities in structure of management? Show Answer

Q26) Car manufacturing is a: Show Answer

Q27) Which one of the following strategy deals with day-to-day activities of a business? Show Answer

Q28) Which level of management is responsible for strategic planning in an organisation? Show Answer

Q29) Which one of the following is the responsibility of human resource management? Show Answer

Q30) Marketing is a ________ concept than selling. Show Answer

Q31) Which of the following is source of Indian merchantile law? Show Answer

Q32) As per the companies Act, 2013, what is the minimum paid up share capital required for a public company? Show Answer

Q33) Which type of company cannot start the business immediately after its incorporation? Show Answer

Q34) Which one of the following is known as owners of a company? Show Answer

Q35) A company can change its name by passing: Show Answer

Q36) The minimum number of directors in a public company is: Show Answer

Q37) The persons who are in charge of the management of the affairs of a company are termed as director. They are collectively known as ___________ Show Answer

Q38) Every company having a paid-up share capital of ______ must have a whole-time secretary. Show Answer

Q39) Dividend of a company is declared in: Show Answer

Q40) In which of the following cases a partnership firm is re-constituted: Show Answer

Q41) A partner may apply to the court for dissolution of the firm on: Show Answer

Q42) A partner who is entitled to share in the profits of a partnership firm without being liable to the losses, is called: Show Answer

Q43) Death of a partner has the effect of:
Show Answer

Q44) What is the age of attaining majority as per Indian Contract Act, 1872 when the minor is under the guardianship of the court of words? Show Answer

Q45) Display of goods in a shop window with prices marked upon them is:
Show Answer

Q46) A contract of agency may be created by: Show Answer

Q47) A threat to commit suicide is deemed as: Show Answer

Q48) In a contract of indemnity, the liability of indemnifier is: Show Answer

Q49) The expression "Quantum Meruit" literally means: Show Answer

Q50) What is the status of a contract when the consent of a party is caused by coercion? Show Answer

Q51) Which of the following statement is true about consideration? Show Answer

Q52) In which of the following situation original contract need not be performed; Show Answer

Q53) According to section 2 (h) of the Indian Contract Act, "_________ is an agreement enforceable by law." Show Answer

Q54) In a contract, when the object and consideration is unlawful it is deemed as: Show Answer

Q55) Which is the legal status of an agreement with uncertain meaning? Show Answer

Q56) Which one of the following damages is not recoverable under the Indian Contract Act, 1872? Show Answer

Q57) A person who makes a promise is known as: Show Answer

Q58) The doctrine of 'Caveat Emptor' does not apply when: Show Answer

Q59) The actual sale of future goods is: Show Answer

Q60) Finder of lost goods is in a position of: Show Answer

Q61) The goods which are either owned or possessed by the seller at the time of the contract are known as: Show Answer

Q62) A stipulation which is collateral to the main purpose of the contract and provides the buyer only right to claim the damages is known as: Show Answer

Q63) In case of an agreement to sell, ownership to goods remains with: Show Answer

Q64) In case of sale of goods, the title of goods remains with: Show Answer

Q65) An employee who is given the required support and resources to create new product or services is known as: Show Answer

Q66) Which one of the following is not an element of entrepreneurship ? Show Answer

Q67) What is the nature of entrepreneurship ? Show Answer

Q68) The key element of entrepreneurship is: Show Answer

Q69) For, being an entrepreneur, risk bearing is: Show Answer

Q70) Intrapreneur faces competition from: Show Answer

Q71) Entrepreneur is a person: Show Answer

Q72) According to Peter Drucker, entrepreneur is? Show Answer

Q73) Which of the following is not true about an entrepreneur? Show Answer

Q74) The risk borne by entrepreneur is ______. Show Answer

Q75) Who coined the concept of "Industry Analysis"? Show Answer

Q76) As per Porter's model, which one of the following is not a market force: Show Answer

Q77) Which of the following is the internal factor to an organisation? Show Answer

Q78) 'Age distribution' is a term related to: Show Answer

Q79) Which statement is wrong about a business plan? Show Answer

Q80) The general forces of environment have an impact on. Show Answer

Q81) What is the result of early identification of opportunities? Show Answer

Q82) This is not a 'principle of innovation': Show Answer

Q83) 'S' in the acronym SWOT stands for: Show Answer

Q84) PESTLE Analysis is a part of: Show Answer

Q85) In the acronym SWOT 'O' stands for: Show Answer

Q86) In the acronym PESTLE, S stands for: Show Answer

Q87) What is the result of modernisation? Show Answer

Q88) Introduction of new product and services and adding it to the product line is known as: Show Answer

Q89) The necessity of entrepreneurship in production was first recognised by: Show Answer

Q90) What is innovation? Show Answer

Q91) Which of the following is not an example of means of finance? Show Answer

Q92) 'Expansion' is external and horizontal. Show Answer

Q93) Which of these four factors, Paul H. Wilken had not listed in his book? Show Answer

Q94) Leadership & managerial skill are: Show Answer

Q95) According to Negotiable Instrument Act, 1881, a negotiable instrument does not include- Show Answer

Q96) Crossing of a Negotiable Instrument is permissible in case of: Show Answer

Q97) Which one of the following is not a feature of a bill of exchange? Show Answer

Q98) A bearer negotiable instrument is payable to: Show Answer

Q99) A crossed cheque is payable to: Show Answer

Q100) Which one of the following is not a party to the promissory note? Show Answer