——— are network of retail shops that are owned and operated by manufacturers dealing in standardized and branded consumer products.
See answer
Correct answer: (B) Chain stores
1 marks · 2023 · Set A
Question 52
Consider the following statements regarding the World Trade Organization (WTO): I. WTO classifies member countries as developing and developed. II. WTO acts as a dispute settlement body. III. Developing country status in WTO brings certain rights. Which of the following statements is correct?
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Correct answer: (C) Statements II and III only
1 marks · 2023 · Set A
Question 53
Which of the following is the correct formula for the arithmetic mean?
See answer
Correct answer: (A) The total sum of values of observations divided by the number of observations
1 marks · 2023 · Set A
Question 54
The number of observations smaller than ——— is the same as the number of observations larger than it.
See answer
Correct answer: (A) Median
1 marks · 2023 · Set A
Question 55
The measure of dispersion which ignores the signs of deviations from a central value is
See answer
Correct answer: (B) Mean deviation
1 marks · 2023 · Set A
Question 56
The time period for which an index number is determined is known as
See answer
Correct answer: (B) Current period
1 marks · 2023 · Set A
Question 57
The present ages of P and Q are represented in the ratio as 6:4. Five years ago their ages were in the ratio 5:3. What are their present ages?
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Correct answer: (B) 30 years and 20 years
1 marks · 2023 · Set A
Question 58
Alpha and Beta each invested ₹10,000 for 2 years at the same rate of interest of 10% p.a., but Beta’s investment is compounded annually and Alpha’s investment is charged on simple interest. What amount did Beta receive more than Alpha?
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Correct answer: (B) ₹100
1 marks · 2023 · Set A
Question 59
Margin of safety in break-even analysis is
See answer
Correct answer: (A) Actual sales − Sales at break-even point
1 marks · 2023 · Set A
Question 60
The Green Revolution was successful in Punjab, Haryana, ——— and some parts of Rajasthan.
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Correct answer: (A) Uttar Pradesh
1 marks · 2023 · Set A
Question 61
Which of the following programs was initiated by the Government of India to improve the food and nutritional levels of the poor in the country?
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Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 62
Which of the following is not the problem of human capital formation?
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Correct answer: (E) None of the above
1 marks · 2023 · Set A
Question 63
Which of the following statements is true about unemployment in the rural sector of India?
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Correct answer: (B) Disguised unemployment is a common form of unemployment in rural India
1 marks · 2023 · Set A
Question 64
Specialized knowledge and skill is required in which of the following?
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Correct answer: (A) Profession
1 marks · 2023 · Set A
Question 65
In 1987, the United Nations Brundtland Commission defined sustainability as
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Correct answer: (B) Development which meets the needs of present generation without compromising the ability of future generation to meet their own needs
1 marks · 2023 · Set A
Question 66
Cooperative societies are compulsorily registered under which of the following Acts?
See answer
Correct answer: (C) The Cooperative Societies Act, 1912
1 marks · 2023 · Set A
Question 67
Huge industrial organizations extending their industrial and marketing operations through a network of own branches in many countries are known as
See answer
Correct answer: (C) Global enterprises
1 marks · 2023 · Set A
Question 68
What is the full form of CWC?
See answer
Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 69
When a property is insured by more than one insurance (i.e., in case of multiple insurance), the insurers are to share losses in what proportion?
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Correct answer: (B) Ratio of amount assured
1 marks · 2023 · Set A
Question 70
Which among the following is an allied service provided by a bank?
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Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 71
——— refers to the act of protecting information by transforming it into an unreadable format.
See answer
Correct answer: (C) Cryptography
1 marks · 2023 · Set A
Question 72
What is the full form of EDI?
See answer
Correct answer: (C) Electronic Data Interchange
1 marks · 2023 · Set A
Question 73
Powers, rights, remuneration, qualification and duties of directors are discussed clearly in which of the following documents?
See answer
Correct answer: (B) Articles of Association
1 marks · 2023 · Set A
Question 74
A prospectus or statement in lieu of prospectus is filed with the Registrar of Companies; it used to be issued by
See answer
Correct answer: (A) A public company seeking investment from public
1 marks · 2023 · Set A
Question 75
A proposed name of company for registration is considered undesirable, if
See answer
Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 76
The MSMED Act which addresses the issues relating to medium scale and service related enterprises’ definition, credit, marketing and technology upgradation came into force on
See answer
Correct answer: (A) October 2006
1 marks · 2023 · Set A
Question 77
Permission for distribution of services in another country under a specific copyright and tight control over operations is called
See answer
Correct answer: (A) Franchising
1 marks · 2023 · Set A
Question 78
Which of the following documents is not required for obtaining export license?
See answer
Correct answer: (C) Letter of Credit
1 marks · 2023 · Set A
Question 79
——— was set up with prime objective of professionalizing the country’s foreign trade management by providing training, research and data dissemination.
See answer
Correct answer: (B) Indian Institute of Foreign Trade (IIFT)
1 marks · 2023 · Set A
Question 80
Data represented through arithmetic line graph helps in understanding
See answer
Correct answer: (A) Long-term trend
1 marks · 2023 · Set A
Question 81
——— help to integrate formal credit systems into rural societies to encourage the habit of savings among the poor.
See answer
Correct answer: (B) Self-help groups
1 marks · 2023 · Set A
Question 82
Which of the following is an advantage of a sole proprietorship?
See answer
Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 83
The form of organization which a public enterprise may take is
See answer
Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 84
When one party grants the other party the right to use the asset in return for a periodic payment, it is known as
See answer
Correct answer: (B) Lease financing
1 marks · 2023 · Set A
Question 85
Which of the following is a data set of first-hand information?
See answer
Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 86
Which of the following protocols was followed related to banning the use of chlorofluorocarbon, bromine and chlorine compounds?
See answer
Correct answer: (C) Montreal
1 marks · 2023 · Set A
Question 87
Which of the following contracts is signed by the promoters during the promotion of the company with the third party on behalf of the proposed company?
See answer
Correct answer: (A) Preliminary contract
1 marks · 2023 · Set A
Question 88
Which of the following is not a feature of privatization policy of the government?
See answer
Correct answer: (B) Reduction of the tax rates
1 marks · 2023 · Set A
Question 89
In e-banking, the full form of RTGS is
See answer
Correct answer: (B) Real-Time Gross Settlement
1 marks · 2023 · Set A
Question 90
The minimum number of members required to form a public company is
See answer
Correct answer: (B) 7
1 marks · 2023 · Set A
Question 91
Classic Company sold a plant asset that originally cost ₹50,000 for ₹22,000 cash. If it correctly reports a ₹5,000 gain on this sale, the accumulated depreciation on the asset at the date of sale must have been
See answer
Correct answer: (A) ₹33,000
1 marks · 2023 · Set A
Question 92
From the viewpoint of a shareholder, which of the following relationships do you consider of least significance?
See answer
Correct answer: (C) Net income is greater than the amount of working capital
1 marks · 2023 · Set A
Question 93
In financial statement analysis, the most difficult of the following items to predict is whether
See answer
Correct answer: (E) None of the above
1 marks · 2023 · Set A
Question 94
According to the conceptual framework, the objectives of financial reporting are based on
See answer
Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 95
The three major types of business organizations are
See answer
Correct answer: (E) None of the above
1 marks · 2023 · Set A
Question 96
The Human Resource Department of any organization has to ensure the adequate number of employees available throughout the organization. At which level does a human resource manager work?
See answer
Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 97
One of the organizational objectives of management is ‘growth of a business’. Which one of the following is not associated with measurement of business growth?
See answer
Correct answer: (C) Number of creditors
1 marks · 2023 · Set A
Question 98
“Management aims at reducing costs and increasing productivity.” Which importance of management is highlighted in the given statement?
An investor deposits ₹600 in a bank and plans to leave it there for four years. The value of the account after four years if it earns 10% simple interest per year for this period will be
See answer
Correct answer: (A) ₹840
1 marks · 2023 · Set A
Question 100
Match the objectives of List–I with their respective definition in List–II: List–I: a. Survival, b. Profit, c. Growth. List–II: 1. Increase in the number of employees, the number of products or increase in the capital; 2. A vital incentive for the continued successful operation of the enterprise; 3. An organization must earn enough revenues to cover costs. Select the correct answer using the codes given below the Lists.