Top 550+ Solved Business Management MCQ Questions Answer
Q. A certain community needs Rs. 185090.62 to cover its expenses. If its tax rate is Rs. 1.43 per Rs. 100 of assessed value, what must be the assessed value of its property
a. Rs. 12,870,005
b. 12,900,005
c. Rs. 12,943,400
d. 12,240,500
e. Rs. 17,50,500
Q. The annual financial statement of the estimated income and expenditure for the ensuring year is known as
a. profit-loss account
b. trading account
c. budget
d. barter
e. Rs. 17,50,500
Q. Economic development of a country depends more on
a. Natural resources
b. Capital formation
c. Availability of market
d. Entrepreneurs
e. All of the above
Q. Scheduling gives information as to
a. when work should begin and how much work should be completed during certain period
b. when the work should be completed
c. how the time for completing a work is minimized
d. none of the above
e. None of the above
Q. A rupee received in one year is not equivalent to a rupee received today, because the use of money has a value. This is the principal under
a. Pay back method
b. Average return on investment method
c. Present value method
d. Discounted cash flow method
e. Cost accounting method
Q. Standing orders contain
a. History of management of a factory
b. Names of directors of company
c. List of important officers of a company
d. Serve conditions, leave, discipline rules etc., for officers
e. Service conditions, leave, discipline rules etc., for workers
Q. A consultant is usually compensated by way of
a. salary
b. perks
c. dividend
d. fee
e. Rs. 17,50,500
Q. Which one of the following represents an event
a. Curing of concrete
b. Concrete cured
c. Plastering of the walls
d. Fixing of windows, doors, ventilators
e. Fixing of electrical wiring.
Q. In India, telephone service comes under which market form
a. Duopoly
b. Bilateral monopoly
c. Monopoly
d. Perfect competition
e. None of the above
Q. Which act provides for lay off and retrenchment compensation?
a. Minimum Wages Act
b. Workmen's Compensation Act
c. Employees State Insurance Act
d. Employees Provident Fund Act
e. Industrial Disputes Act
Q. The economic function of middle-man is
a. To exploit the parties involved in the exchange
b. To ensure that parties to an exchange are made better off
c. To make trade among individuals so that the middle-man realizes a profit
d. Unjustified because the traders them selves could engage in trade and be better off if they did not pay the middle-men
e. All of the above
Q. Fringe benefit refer to
a. Extra remuneration
b. Overtime
c. Non-wages
d. Extra capital earning
e. Bonus system
Q. Finance for small scale industries is not provided by
a. State financial corporations
b. State Bank of India
c. Traveller's cheque
d. Punjab National Bank
e. Rs. 17,50,500