Business Awareness MCQ

Test your knowledge with important Business Awareness MCQ and their applications. These MCQs are beneficial for competitive exams too. Explore 30 + more Business Awareness MCQs at Bissoy

• What is the most direct cause of customer loyalty?
  ক

  Friendly staff

  খ

  High food safety standards

  গ

  Good records

  ঘ

  Delicious food
• The basic goal of integrated marketing communications is to
  ক

  communicate the value proposition to the target market

  খ

  tell the world about your company

  গ

  create desire

  ঘ

  manipulate consumers
• As per the guidelines issued by the RBI in September 2017, all Peer-to-Peer lending (P2P) platforms will be treated as ______.
  ক

  Payment Banks \

  খ

  Small Finance Banks \

  গ

  NBFCs

  ঘ

  Regional Rural Banks
• Business transaction are recorded
  ক

  in chronological order

  খ

  at the end of the month

  গ

  weekly

  ঘ

  any of the above
• Which major bank has launched the 'Unnati Credit Card' in 2017 to enhance credit inclusion in India?
  ক

  SBI

  খ

  Axis Bank

  গ

  HDFC Bank

  ঘ

  ICICI Bank
• On a classified balance sheet, companies usually list current assets
  ক

  in the order of acquisition.

  খ

  with the largest dollar amounts first.

  গ

  in alphabetical order.

  ঘ

  in the order in which they are expected to be converted into cash.
• In December 2017, as per the announcement made by the finance Ministry, nearly how much amount have banks lost on account of frauds in the fiscal 2016-17?
  ক

  Rs 50,000 crore

  খ

  Rs 5000 crore

  গ

  Rs 17,000 crore

  ঘ

  Rs 1,000 crore
• Total asset turnover is used to evaluate
  ক

  The efficiency of management's use of assets to generate sales

  খ

  The need for asset replacement

  গ

  The cash flows used to acquire assets

  ঘ

  The relation between asset cost and book value
• Which of the following is a function of money?
  ক

  medium of exchange

  খ

  store of value

  গ

  unit of accounting

  ঘ

  All options are correct
• Which institution in India acts as 'lender of the last resort'?
  ক

  Finance Ministry

  খ

  Reserve Bank of India

  গ

  Treasury

  ঘ

  Currency Printing Presses
• The market structure called monopoly exists where there is exactly ______ seller in any market.
  ক

  1

  খ

  2

  গ

  5

  ঘ

  10
• Which one of the following statements with regard to Antrix Corporation Limited is correct?
  ক

  It is a commercial arm of the Department of Industrial Policy and Promotion.

  খ

  It is under the administrative control of the Department of Space.\

  গ

  It is under the administrative control of the Ministry of Health and Family Welfare.

  ঘ

  It is a commercial arm of the Department of Science and Technology.
• Which one of the following is the maximum age of joining National Pension System (NFS) under the NFS Private Sector?
  ক

  55 years

  খ

  60 years

  গ

  65 years

  ঘ

  70 years
• How much loan amount was sanctioned by The World Bank to help India develop its first modernwaterway?
  ক

  $575 million

  খ

  $275 million

  গ

  $375 million

  ঘ

  $475 million
• Which of the following does not fall into the functions ofPayments Banks?
  ক

  acceptance of demand deposits

  খ

  Internet banking

  গ

  remittance services

  ঘ

  lending services
• Oligopolistic industries are characterized by
  ক

  a few dominant firms and no barriers to entry

  খ

  a large number of firms and low entry barriers

  গ

  a few dominant firms and substantial entry barriers

  ঘ

  a few dominant firms and low entry barriers
• Ratio analysis can be useful for
  ক

  Evaluate financial performance of a company

  খ

  To improve profits of a company

  গ

  Evaluate sales

  ঘ

  None of the above
• The demand curve facing a perfectly competitive firm is
  ক

  Line sloping upwards

  খ

  Horizontal line

  গ

  Line sloping downwards

  ঘ

  Vertical line
• A major purpose of cost accounting is to
  ক

  measure, record and report product costs

  খ

  classify all the product costs

  গ

  to provide information to stockholders for investment decisions

  ঘ

  All of the above
• Product costs are also called
  ক

  Inventoriable Costs

  খ

  Voluntary Costs

  গ

  Vulnerable Costs

  ঘ

  None of the above
• A market is said to be in equilibrium when
  ক

  There is downward pressure on price

  খ

  The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price

  গ

  All buyers are able to find sellers willing to sell to them at the current price

  ঘ

  Supply equals demand
• The primary goal of a business firm is to
  ক

  maximize profit

  খ

  increase its production

  গ

  make a quality product

  ঘ

  promote workforce job satisfaction
• The partnership form of business organization is
  ক

  only two shares

  খ

  more than two shares

  গ

  no share

  ঘ

  doesn't exist
• The ability of a corporation to obtain capital is
  ক

  about the same as a partnership

  খ

  enhanced because of limited liability and ease of share transferability

  গ

  restricted because of the limited life of the corporation

  ঘ

  less than a partnership
• Equivalent units of production are equal to
  ক

  number of whole units that could have been completed if all work of the period had been used to produce whole units

  খ

  identifiable units existing at the end of the period in a production department

  গ

  units completed by a production department in the period

  ঘ

  number of units worked on during the period by a production department
• Sales commissions are classified as
  ক

  Period costs

  খ

  Product costs

  গ

  Indirect labour

  ঘ

  Overhead costs
• Effective sales management begins with
  ক

  designing a compensation plan

  খ

  determining sales goals

  গ

  determining the most efficient structure for the sales force

  ঘ

  specifying the sales force size
• A business organized as a corporation
  ক

  Is owned by its stockholders

  খ

  Has tax advantages over a proprietorship or partnership

  গ

  Is not a separate legal entity in most states

  ঘ

  Requires that stockholders be personally liable for the debts of the business
• The purpose of safety stock is to
  ক

  eliminate the possibility of a stockout

  খ

  control the likelihood of a stockout due to the variability of demand during lead time

  গ

  replace failed units with good ones

  ঘ

  eliminate the likelihood of a stockout due to erroneous inventory tally
• The solution for all business needs is
  ক

  RBI

  খ

  SCM

  গ

  ERP

  ঘ

  EDI