Practice Test

Q1) Key goal in the firm's growth phase is: Show Answer

Q2) Competitors are a part of : Show Answer

Q3) An activity which is related continuous and regular production and distribution of goods and services satisfying human wants is called. Show Answer

Q4) The World Trade Organization (WTO) is stimulating Show Answer

Q5) In case of Cooperative Societies minimum number of members are: Show Answer

Q6) Sole proprietary business is suitable when market is: Show Answer

Q7) Limited liability partnership is constituted under ------ . Show Answer

Q8) A Multinational Corporation (MNC) operates in : Show Answer

Q9) A (n) ------ is a group of firms production a similar product or service, such as soft drink, electronic games or computers. Show Answer

Q10) Modern small-scale units are: Show Answer

Q11) Network marketing is popular as : Show Answer

Q12) One of the reasons for India being hotspot for outsourcing is : Show Answer

Q13) Outsourcing may allow an entrepreneur to Show Answer

Q14) The word M- Commerce Stands for: Show Answer

Q15) Which of the following production process is suitable for film production? Show Answer

Q16) Human Resource Management is a part of : Show Answer

Q17) Customs are considered as ------- of law. Show Answer

Q18) 'De facto' means: Show Answer

Q19) A company limited by shares, which does not have Articles of Association can adopt --------- as its Articles. Show Answer

Q20) Those who provide financing in exchange of ownership are called. Show Answer

Q21) ---------------- is the company in which at least 51% shares are held by Central or State Government or partly by both. Show Answer

Q22) The profit distributed to shareholders out of company's profit is called: Show Answer

Q23) The affairs of a company is overseen by Show Answer

Q24) Which of the following is the duty of a company secretary under section 92 of the Companies Act, 2013? Show Answer

Q25) The Court may not dissolve the firm in cases of ------------- . Show Answer

Q26) Who among the following can be a partner: Show Answer

Q27) Every partner in a partnership firm has ------- Show Answer

Q28) Which is not true in case of finder of goods? Show Answer

Q29) The mercantile agents include: Show Answer

Q30) Which of the following statement is false regarding acceptance? Show Answer

Q31) If a creditor does not file a suit against the buyer for recovery of the price within three years, the debts becomes: Show Answer

Q32) Which is the example of wagering agreement? Show Answer

Q33) Contract of sale means Show Answer

Q34) An auction sale is complete on the Show Answer

Q35) Which of the following can be treated as characteristics of business organization? Show Answer

Q36) Which of the following is not a function of a Company Secretary? Show Answer

Q37) If at the time of registration, a company limited by shares does not file Articles of Association with the Registrar , then Show Answer

Q38) Over a cup of coffee in a restaurant, X invites Y to dinner at his house on a Sunday. Y hires a taxi and reaches X's house at the appointed time, but x fails to perform his promise. Can Y recover any damages from X? Show Answer

Q39) The mode of crossing by which the holder of the cheque can get the payment only through a specified bank is called- Show Answer

Q40) Which of the following is not a feature of Franchising? Show Answer

Q41) Micro environmental factors can be described as ________ close to a business that have a direct impact on its strategy. Show Answer

Q42) Increasing export potential for Indian products enabled our country to achieve Show Answer

Q43) Partners are bound to render true accounts & full information of all things affecting the firm to- Show Answer

Q44) In case of sale by description, there is an implied ________ that the goods shall correspond to description. Show Answer

Q45) The form of Privatizsation in which the government company retains its legal status even though some or all of its operations are suspended is called. Show Answer

Q46) Why co-operative marketing society is formed? Show Answer

Q47) _______ are goods suitable to the condition in the life of the minor and to his actual requirements at the time of sale and delivery. Show Answer

Q48) Penalty for hacking of computer system includes: Show Answer

Q49) Which of the following statement is true in respect of the voting rights of a member in a Co-operative Society? Show Answer

Q50) Powers/duties of Auditors apply ______ to Company Secretary in practice conducting secretarial audit. Show Answer