P.O.C Xi MCQs Test

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P.O.C Xi MCQs Test

WRITE YOUR NAME , FATHER'S NAME AND CLASS ROLL NUMBER.

NAME *

FATHER'S NAME *

College *

Board *

1. The wholesaler creates link between

1 point

Retailer and Consumer

Producer and Retailer

Producer and Consumer

None of these

2. In case of absences of partnership agreement the profit of the firm will be distributed

1 point

equally

according to the capital ratio

as per their duties

all of these

3. The operations of the public limited company is governed by

1 point

Memorandum of association

Article of association

Both A &B

None of these

4. Finance is arranged in Partnership by

1 point

Single person

Partners

Shareholders

None of these

5. The ultimate objective of a business activity is

1 point

Exchange of goods

Earning profit

Help for the deserving

Welfare of society

6. Public limited company can start operation after issuance of

1 point

Certificate of Incorporation

certificate of commencement of business

Prospectus

None of these

7. Separate management is enjoyed by

1 point

Company

Sole proprietorship

Partnership

None of these

8.Private limited company can start operation after issuance of

1 point

Certificate of commencement of business

Certificate of Incorporation

Aticle of association

None of these

9. Accommodation bill is a kind of

1 point

Bill of exchange

Promissory Note

L.C

None of these

10. M.O.A has clauses

1 point

5 clauses

6 clauses

7 clauses

8 clauses

11. Marketing creates_________ utility

1 point

Time

place

Possession

All of these

12. The life of sole proprietorship business is

1 point

Short

Uncertain

Long

All of these

13. The life of partnership business is

1 point

Short

Uncertain

Long

All of these

14. Joint stock company business is

1 point

Going conern

Uncertain

Short

All of these

15. The retailer holds the stock of

1 point

Industrail goods

Capital goods

Manufacturing goods

consumer goods

16. The owners of partnership firms are

1 point

Shareholders

Partners

Managers

Auditors

17. Utility store is a kind of

1 point

retailing

wholesaling

Export

None of these

18.Industry is the component of

1 point

Trade

Advertising

Marketing

None of these

19.Trade means

1 point

Exchange of goods

buying goods

selling goods

None of these

20. This is a facilitating Function

1 point

Banking

Transportaion

Storage

None of these

21. Capital registered with the registrar of the company is, called:

1 point

Paid up capital

Authorized capital

Issued capital

None of these

22. Registration fees to registrar is deposited according to :

1 point

Paid up capital

Authorized capital

Issued capital

None of these

23. Registration fees to registrar is deposited according to :

1 point

Paid up capital

Authorized capital

Issued capital

None of these

24. Advertising is the art of

1 point

Motivation

Persuasion

Presentation

None of these

25. Marketing is the art of

1 point

Selling

making product

buying product

None of these

26. Transportation creates_________ utility

1 point

Time

Place

Posession

None of these

27. Transportation creates_________ utility

1 point

Time

Place

Posession

None of these

28. Warehouse creates_________ utility

1 point

Time

Place

Posession

None of these

29. Trade creates_________ utility

1 point

Time

Place

Posession

None of these

30.The wholesaler holds the stock of

1 point

consumer goods

capital goods

manufacturing goods

None of these

31.The owners of joint stock company firms are

1 point

shareholders

partners

retailers

None of these

32.The founders of joint stock company firms are

1 point

shareholders

partners

Promoters

None of these

33.The minimum number of persons required to form a partnership is

1 point

Two

Three

four

five

34.The minimum number of persons required to form a public limited company is

1 point

Two

Three

four

seven

35.The minimum number of persons required to form a private limited company is

1 point

Two

Three

four

seven

36.The maximum number of persons in a private limited company are

1 point

Twenty

Thirty Three

Fifty

forty

37. ________ are appointed by shareholders.

1 point

Auditor

Accountant

H.R manager

All of these

38. ________ are appointed by Promoters.

1 point

Auditor

Legal advisor

content writer

All of thses

39. Utility store is a kind of

1 point

retailing

wholesaling

manufacturing

All of these

40. _________ starts from production and ends till Consumption

1 point

retailing

wholesaling

Marketing

All of these

41.Complete business secrecy is possible in

1 point

Sole proprietorship

Partnership

Joint Stock Company

All of these

42.This organization publish its accounts

1 point

Sole proprietorship

Partnership

Joint Stock Company

All of these

43. Warehousing facilitates

1 point

Economic stability

Price stability

Government stability

Balance of payment

44. This partner is not eligible to take part In the management of partnership firm of a business

1 point

Minor

Sleeping

active

Nominal

45. This partner is admitted because of his fame in business world

1 point

Minor

Sleeping

active

Nominal

46. This partnership business is formed under _______ Act

1 point

1932

1944

1987

1945

47. This Joint stock business is formed under _______ Act

1 point

1984

1960

1987

1980

48. IN absences of Articles of association this is followed

1 point

Table A-10

Table A-13

Table B-13

Table A-12

49. The rules and regulation of company are describe in

1 point

chamber of commerce

Memorandum of association

Article of association

None of these

50.Oil industry belongs to

1 point

Extracting

fabrication

Analytical

None of these

51.cutting and dyeing industries belongs to

1 point

Extracting

fabrication

Analytical

None of these

52.The mode of transportation in marine route is

1 point

Ships

pipelines

None of these

53.Retained earning refers to

1 point

Future profit

Undistributed profit

Gross profit

None of these

54.Double Taxation is a disadvantage of

1 point

Partnership

Compnay

Co operative society

Sole Trader

55.This organization pay less tax

1 point

Partnership

Compnay

Co operative society

Sole Trader

56.Wholesaling concentrates on

1 point

Quality

Quantity

Price

variety

57.Chain stores and super market are examples of

1 point

Wholesaling

Retailing

Importing

Exporting

58.Banks help in foreign trade by issuing

1 point

L.C

Bill of exchange

Shipping order

All of these

59.The meaning of term export is

1 point

Any oral, written, electronic or visual disclosure, shipment, transfer outside of the country

Any oral, written, electronic or visual disclosure, shipment, transfer inside of the country

Any oral, written, electronic or visual disclosure, shipment, transfer inbound of the country

All of these

60._______________________can only be prepared after the pro forma invoice is accepted

1 point

Packing List

Commercial Invoice

Bill of Lading

Consular Invoice

61.Which one of the following is a method for an exporter to get a contract?

1 point

Pro forma invoice

Purchase order

Sales contract

All of these

62.A shipping document indicating the details of the shipment and delivery of goods and their ownership is a ______________.

1 point

Bill of lading

Time draft

sight draft

Letter of credit

63.L/C must meet the requirement of the parties involved_________________, ______________ and ___________________

1 point

The seller, The buyer and The bank

Importer, importing country , importing bank

The seller, The Bank and The Exporter

None of these

64.International trade and domestic trade differ because of:

1 point

Different government policies

Immobility of factors

Trade restrictions

All of the above

65.VBF form 6 -A or 6 -B is used in

1 point

Export

import

Dosmetic trade

All of the above

66.Certificate of origin is required in

1 point

Export

import

Dosmetic trade

Both import and export

67.Mate receipt is required in

1 point

Export

import

Dosmetic trade

All of the above

68.Shipping order required in

1 point

Export

import

Dosmetic trade

All of the above

69.Consular invoice required in

1 point

Export

import

Dosmetic trade

All of the above

70.Consular invoice received from

1 point

Emabassy of importing country

Emabassy of Exporting country

Both of these

None of these

71.Discounting of Bills of exchange is done by

1 point

Commercial bank

Central bank

Both of these

None of these

72.A request by a bank to the exporter is known as

1 point

bill of landing

letter of credit

bills of exchange

None of these

73.A letter of credit is a

1 point

request

promise

proforma

None of these

74.Indenter is the representative of

1 point

Exporter

importer

Broker

None of these

75. open and close indent are the type of

1 point

Order

request

promise

None of these

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