Economics — Quiz

Economics Business and Finance

84 questions · Test your knowledge

1 Business can be defined as:
2 What can be the maximum number of partners in a partnership firm?
3 Which form of business organisation would be most suitable for a capital intensive business?
4 According to the systems approach a system is the:
5 A business organistion has constant and invisible interaction with its:
6 The asset limit above which a company or group would be covered under the MRTP in India for concentration of economic power is:
7 Which one of the following refers to factoring services?
8 A consumer complaint is registered by the MRTP Commission in India on a complaint made by at least:
9 Vertical combination implies:
10 An indirect tax is one where:
11 Which one of the following is an example of indirect tax?
12 The incidence of tax refers to:
13 Who is generally regarded as the father of modern management?
14 The term Managerical Rovolution refers to the prediction that with the expansion in size of business units world affairs will eventually be in the hands of a few powerful managers. Who made use of this term?
15 The principle of scientific management implies:
16 Objectives in the context of management may be defined as:
17 The two key factors in management by objectives are:
18 An informal organisation is one where:
19 The first level of needs in Maslows need hierarchy is:
20 Planning and control are related in such a way that:
21 Communication is complete when the:
22 A private company must have at least:
23 Unless the Articles of Association otherwise provide the quorum for a general meeting of a public company is:
24 A Special resolution is one which is passed in a general meeting by:
25 A share warrant can be issued by:
26 What is the minimum number of shareholders necessary for a public company?
27 The share capital of a company refers to:
28 Within how many days of the declaration of divident must divident warrants be posted to shareholders?
29 In which year was the Indian Contract Act passed?
30 Any agreement by a minor which is beneficial to him is a:
31 The liability of partners in a partnership firm is:
32 What is the maximum number of partners necessary in a partnership firm carrying on banking business?
33 The suit for specific performance in case of breach of contract may be filed only where the subject matter relates to:
34 Which one of the following is a void agreement?
35 Crossing a cheque Not Negotiable affords security against:
36 Non-registration of a partnership does not affect the:
37 Organisation Theory is concerned with the:
38 With which of following is Behavioural Science in management related?
39 Job-enrichment means:
40 An organisation structure refers to the:
41 Finance is concerned with:
42 Current Ratio is the ratio of:
43 Debt Equity Ratio refers to the ratio of:
44 Trading on eqrity means:
45 Cost of goods sold refers to:
46 In the pay back period method of capital budgeting investment is divided by:
47 The relationship between EBIT and EPS gives:
48 Break-even-point is a situation where:
49 Under-capitalisation refers to a situation where:
50 A schedule of balances drawn from the ledger is called:
51 Goodwill of a firm represents:
52 Under-capitalisation refers to a situation where:
53 Goodwill of a firm represents:
54 A bank account is a:
55 Prepaid expenses appearing in a trial balance will figure in the:
56 Sale of old furniture on credit will appear in the:
57 The excess of current assets over current liabilities is called:
58 Depreciation is the process of:
59 What is the objective of cost accounting?
60 What is Conersion Cost?
61 In an integrated costing system most of the data relevant to cost accounting comes from the:
62 Which method of costing is used by sugar mills?
63 Premium on redemption of debentures is accounted for in the:
64 After debentures are redeemed the balance in the sinking fund account is transferred to:
65 To the extent redemption of preferece shares takes place out of profits an equal amount has to be transferred to:
66 When shares are forfeited the share capital account is debited by:
67 The profit on re-issuing forfeited shares is transferred to:
68 The share application account is a:
69 The excess of purchase price over net assets is:
70 In the balance sheet of a company the items goodwill patents and trade marks are shown under the heading:
71 A preliminary expense is a:
72 Divisible profits do not include:
73 Advance payment of tax should be shown on the:
74 Dividends are usually paid on the:
75 When two or more companies dissolve to form a new company the process is known as:
76 Absorption is said to take place when:
77 For calculating market value using P/E ratios it is necessary to know:
78 The relationship between normal rate of return and P/E ratio is:
79 For a company to carry out capital reduction permission is required from the:
80 Any balance in the capital reduction account after writing off lost capital is tansferred to:
81 In a scheme of reorganization the amount of shares surrendered by shareholders is transferred to the:
82 Amounts sacrificed by shareholders are credited to the:
83 At the commencement of winding up a contributory is a:
84 The shareholding of the government in a government company must be at least:
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