STRUCTURE & PROCESS OF BUSINESS
(SPB)
MCQs - 2015
(1) ________ involves rendering of personal services of a special and expert nature.
(a) Profession
(b) Employment
(c) Business
(d) All of the above
(2) Industry engaged in reproduction and multiplying certain of plant and animals is __________
(a) Processing
(b) Synthetic
(c) Genetic
(d) Assembly
(3) If Milk is separated into curd, butter milk, butter, cheese, ghee and milk powder, this is an example of _________ type of industry.
(a) Synthetic
(b) Analytical
(c) Genetic
(d) Extractive
(4) The industries which undertake the activities where the various forms of wealth are drawn out from the nature is known as ____________
(a) Tertiary Industries
(b) Manufacturing Industries
(c) Construction Industries
(d) Extractive Industries
(5) When business units carrying on the same trade or pursuing the same productive activity join hands with some common end it is known as_________
(a) Diagonal Combination.
(b) Horizontal Combination.
(c) Process Combination.
(d) None of the above.
(6) When one business unit is completely absorbed by the another business, it is known as ________
(a) Merger.
(b) Joint Stock Company.
(c) Amalgamation.
(d) Consolidation.
(7) Which one of the following can be considered as characteristic/s of Business?
(a) Sale, Transfer & Exchange of Goods & Services.
(b) Profit
(c) Recurrence of Transactions.
(d) All of the Above
(8) The 'support services' such as banking, insurance, warehousing and advertising are regarded as: ________
(a) Trade
(b) Auxiliaries to Trade
(c) Business
(d) Intonational services
(9) The series of remarkable changes in the way of production that occurred during the second half of the 18th Century and the first half of the 19th Century is termed as: __________
(a) Industrial Revolution
(b) Globalization
(c) Migration
(d) Modulization
(10) The union or associations of the workers formed for protecting their interests in the industry is known as: _______
(a) Trade Unions
(b) Chambers of Commerce
(c) Associations
(d) None of the Above
(11) ________ Activities are dealing with Purchase and sale, of goods & services.
(a) Political
(b) Social
(c) Rebgious
(d) Economic
(12) Business is an economic activity with the object of earning _________
(a) Wages
(b) Salary
(c) Profit
(d) None
(13) ________ is consider to be Driving factors
(a) Opportunity for gain
(b) Development
(c) Protection to industries
(d) Intense Competition
(14) Income & Profit is the sub-part of __________.
(a) Trade Union
(b) Pools
(c) Quota
(d) Federation
(15) The units carrying on identical business activities are known as ________
(a) Vertical
(b) Horizontal
(c) Convergent lateral
(d) Diagonal
(16) In which occupation Expertise & training in specific field not necessary
(a) Business
(b) Profession
(c) Employment
(d) All Above
(17) The main objective of Combination is to achieve some common goals like
(a) Growth
(b) Survival
(c) Prestige
(d) All the Above
MCQs - 2012
(1) __________ Industries Includes Hunting, Fishing, Mining, Fruit-Gathering, Agriculture, Afforestation, etc.
(A) Extractive
(B) Construction
(C) Genetic
(D) Manufacturing
(2) Before a person starts practicing medicine and surgery he/she has to acquire sufficient ________.
(A) Sacrifice
(B) Patriotism
(C) Life
(D) Knowledge
(3) The use of the term Industrial Revolution's often attributed to the noted historian Amold Toynbee, in __________.
(A) 1884
(B) 1883
(C) 1886
(D) 1882
(4) The business cycles are also known as _______.
(A) Trade cycles
(B) Depression cycles
(C) Prosperity cycles
(D) Waste cycles
(5) It is ___________ obligation of business, not to indulge in malpractices such as hoarding and black marketing.
(A) Organic
(B) Social
(C) Global
(D) National
(6) If an industrial enterprise combines a repairs workshop for maintaining the tools and machines in good order, such a combination can well be termed as ________.
(A) Diagonal combination
(B) Convergent lateral combination
(C) Divergent lateral combination
(D) Mixed combination
(7) _______ takes place when a major fim supplies its product to the other combining firms which use it as their raw materials.
(A) Convergent lateral combination
(B) Divergent lateral combination
(C) Vertical combination
(D) Horizontal combination
(8) To control prices through the restriction of competition with a view to maximizing the profits is the purpose of ________.
(A) Cartels
(B) Merger
(C) Holding company
(D) Amalgamation
(9) Combination of organizations which do not retain considerable autonomy is called ________.
(A) An Association
(B) Federation
(C) Cartel
(D) None of them
(10) If an enterprise reaches the stage of maturity and is beginning to decay, it can renew it self through ______
(A) Invention
(B) Innovation
(C) Creation of customers
(D) Customer satisfaction
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