Structure & Process of Business
(SPB)
MCQs
(1) Which of the following is part of human occupation?
(A) Employment
(B) Profession
(C) Business
(D) All of the above
(2) Assembly of the activities are also kind of ___________
(A) Commerce
(B) Manufacturing industries
(C) Trade
(D) Construction industries
(3) Interest cannot be transferred in case of _______
(A) Employment
(B) Profession
(C) Business
(D) None of the above
(4) Individual risk is part of activities in case of ________
(A) Profession
(B) Business
(C) Employment
(D) (a) and (b)
(5) Foreign trade includes.........
(A) Export trade
(B) Import trade
(C) Entrepot trade
(d) All of the above
(6) A refrigerator operating in a chemist's shop is an example of
(A) Intermediate good
(B) Consumer goods
(C) Free good
(D) Final good
(7) What is an economic activity?
(A) Activity undertaken in exception to economic return.
(B) Activity undertaken for providing service
(C) Activity undertaken for services and economic return
(D) Activity undertaken as result of love
(8) What is a non-economic activity?
(A) Activity done in expectation of economic return
(B) Activity done in exception to earning
(C) Activity done in expectation of return and service
(D) Activity done for social services
(9) How many types of economic activities are there?
(A) Four
(B) Three
(C) Two
(D) One
(10) Business is done with ________
(A) Remuneration motive
(B) Fee objective
(C) Profit objective
(D) Service motive
(11) Profession is done with _______
(A) Remuneration motive
(B) Profit objective
(C) Service motive
(D) Fee objective
(12) Employment is done with _______
(A) Fee objective
(B) Remuneration motive
(C) Service motive
(D) Profit objective
(13) Where did the industrial revolution start?
(A) USA
(B) India
(C) Germany
(D) England
(14) Which is dependent economic start?
(A) Service
(B) Employment
(C) Profession
(D) Business
(15) From the following which characteristics are not of the business?
(A) Profit objective
(B) Economic activity
(C) Risk
(D) Definite return
(16) In which field, India has got the place from the following?
(A) Insurance
(B) Medicine
(C) Information
(D) Transportation
(17) Which of the following is a kind of industry?
(A) Construction
(B) Extractive
(C) Genetic
(D) All of the above
(18) From the following, which activity is not economic activity?
(A) Doctor
(B) Social worker
(C) Lawyer
(D) Business activity
(19) From the following, which activity is not economic activity?
(A) The Sachin Tendulkar, playing international cricket
(B) Anna's hunger strike
(C) Dr. Ananda to his hospital
(D) Mukesh Ambani coming to IPCL
(20) By which name the production activity known?
(A) Trade
(B) Employment
(C) Industry
(D) Business
(21) Which is trade facilitating services?
(A) Trade
(B) Commerce
(C) Industry
(D) Profession
(22) What is meant by the exchange of product in lieu of fiance?
(A) Trade
(B) Commerce
(C) Industry
(D) Profession
(23) How many types of trade are there?
(A) One
(B) Two
(C) Three
(D) Four
(24) What is the main characteristic of trade?
(A) Buyer
(B) Seller
(C) Purchaser-seller
(D) Agent
(25) Purchase and sale for the purpose of profit means
(A) Trade
(B) Commerce
(C) Industry
(D) Profession
(26) Industry doing the process on the material obtained from the nature means
(A) Modern industry
(B) Primary industry
(C) Labor Oriented
(D) Secondary industry
(27) Profession is done with ________
(A) Profit objective
(B) Fee objective
(C) Service motive
(D) All of these
(28) Which of the following is or are the economic objective of business?
(A) Innovation
(B) Profit
(C) Creation of customer
(D) All of these
(29) Which of the following is or are the form of federation?
(A) Pools
(B) Cartels
(C) (a) & (b)
(D) None of these
(30) Which is unstable form of combination?
(A) Trust
(B) Cartels
(C) (a)& (b)
(D) None of these
(31) Consolidation may of _____________ types
(A) Three
(B) Five
(C) One
(D) Two
(32) Partial consolidation may of _________ types
(A) Four
(B) Two
(C) Three
(D) One
(33) Complete consolidation may of ____________types
(A) Three
(B) Four
(C) One
(D) Two
(34) Association may of ______types
(A) Two
(B) Three
(C) Four
(D) One
(35) Combinations may of ___________ types
(A) Three
(B) Two
(C) Four
(D) Five
(36) Which of the following is or are main objective of business combination?
(A) Avoidance of wasteful expenditure
(B) Elimination of unhealthy competition
(C) (a) & (b)
(D) None of the above
(37) Industrial revolution result into changes in
(A) Industrial method
(B) Industrial organization
(C) (a)& (b)
(D) None of all
(38) Business is a ________ activity.
(A) Social
(B) Economic
(C) Free
(D) None of these
(39) An object of business is earning.
(A) Income
(B) Salary
(C) Loss
(D) None of these
(40) An object of __________ are called business activity.
(A) Earning profit
(B) Earning income
(C) Earning money
(D) None of these
(41) All economic activities involve working to earn livelihood and use are called _________
(A) Profession
(B) Occupation
(C) Business
(D) None of these
(42) Work is divided into _______ activities.
(A) Four
(B) Three
(C) Two
(D) None of these
(43) There are _______ types of human occupation.
(A) Four
(B) Three
(C) Two
(D) None of these
(44) In the beginning, the profit concept was replaced by _________.
(A) Profit through services
(B) Profit cum services
(C) Profit maximization
(D) None of these
(45) According to peter Drucker the object of business is __________.
(A) Create goods
(B) Create customers
(C) Create profit
(D) None of these
(46) Business activities should be regular and __________.
(A) Irregular
(B) Continuous
(C) Social
(D) None of these
(47) Workers welfare is ________ activity.
(A) Financial
(B) Non-financial
(C) Economic
(D) None of these
(48) Any activity which requires special knowledge and skill to be applied by an individual to earn diving is known
(A) Occupation
(B) Profession
(C) Business
(D) None of these
(49) The primary objective of profession is __________.
(A) Provide employment
(B) Provide services
(C) Provide
(D) None of these
(50) When a person work under agreement o rules of services is called _________.
(A) Business
(B) Profession
(C) Employment
(D) None of these
(51) The goods produce for the business is __________.
(A) Free goods
(B) Consumer goods
(C) Business goods
(C) Both (a) and (c)
(52) Risk means possibility of _______.
(A) Profit
(B) Loss
(C) Liquidation
(D) None of these
(53) Risk cries out of the ________.
(A) Quantity
(B) Uncertainty
(C) Quality
(D) None of these
(54) Quality business can increase ________.
(A) Profit
(B) Goodwill
(C) Customer
(D) None of these
(55) To help the poor people, business manufactures and distributes ________ varieties of goods.
(A) Good
(B) Better
(C) Cheaper
(D) None of these
(56) Industry involves the _______ of goods and material.
(A) Stock
(B) Distribution
(C) Production
(D) None of these
(57) The product of industry can be classified in _______ category.
(A) Three
(B) Four
(C) Two
(D) None of these
(58) Manufacturing industries create _____ utility.
(A) Form
(B) Time
(C) Place
(D) None of these
(59) Heavy industries require ______ capital investment.
(A) Big
(B) Small
(C) Less
(D) None of these
(60) If an industry having capital expenditure of less than Rs. 10 lakh in plant and machinery considered as _______.
(A) Large
(B) Small
(C) Industry
(D) None of these
(61) _________ is the lifeblood of business.
(A) Profit
(B) Holding company
(C) Finance
(D) Capital
(62) Which control price?
(A) Holding company
(B) Pools
(C) Cartels
(D) Trusts
(63) When several companies surrendering their individual identities it is known as ______
(A) Trust
(B) Holding company
(C) Amalgamation
(D) Merger
(64) When a company absorbs one or more companies to increase its strength, it is known as ________
(A) Holding company
(B) Amalgamation
(C) Trust
(D) Merger
(65) ___________ cartels regulates the output & prices.
(A) Price fixing cartels
(B) Super cartels
(C) Zonal cartels
(D) Systematic
(66) Horizontal integration means the combination of _________.
(A) Plants
(B) Techniques
(C) Plan
(D) None
(67) Give the full form of A.C.C.
(A) Association from cement companies
(B) Association of cement companies
(C) Associated cement companies
(D) None
(68) _________ is your impact on other people.
(A) Honesty
(B) Personality
(C) Knowledge
(D) None
(69) _______ determine the plan of action
(A) Objectives
(B) Honesty
(C) Tact
(D) None
(70) The structure of business as a subsystem of the society is related with the __________
(A) Environment
(B) Low
(C) Nature
(D) None
(71) In ________ business system we are related with the environmental factors.
(A) Older
(B) Modern
(C) Future
(D) None
(72) Activity related with the distribution of good and services produced by industry considered as __________
(A) Trade
(B) Commerce
(C) Business
(D) None
(73) According to ___________ the industrial revolution consist of six changes.
(A) Peter Drucker
(B) Knowles
(C) Robbins
(D) None
(74) Which of the following is part of human occupation?
(A) Professions
(B) Business
(C) Employment
(D) All of the above
(75) Assembly line activities are also kind of _____________.
(A) Commerce
(B) Manufacturing industries
(C) Construction industries
(D) Trade
(76) Horizontal integration means the combinations of
(A) Plan
(B) Plants
(C) Techniques
(D) None
(77) ________ involves rendering of personal services of a special and expert nature.
(A) Profession
(B) Employment
(C) Business
(D) All of the above
(78) Industry engaged in reproduction and multiplying certain of plant and animals is __________
(A) Processing
(B) Synthetic
(C) Genetic
(D) Assembly
(79) 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
(80) (i) The combinations encourages wasteful competition.
(ii) The combinations provides full play to the ambitions and abilities of capable entrepreneurs.
(A) Statement (i) is true & statement (ii) is false
(B) Statement (i) is False and statement (ii) is True
(C) Statement (i) and (ii); both are False
(D) Statement (i) and (ii) both are true
(81) 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.
(82) 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.
(83) 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
(84) The 'support services' such as banking, insurance, warehousing and advertising are regarded as: ________
(A) Trade
(B) Auxiliaries to Trade
(C) Business
(D) Intonational services
(85) 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
(86) 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
(87) ________ Activities are dealing with Purchase and sale, of goods & services.
(A) Political
(B) Social
(C) Regions
(D) Economic
(88) Business is an economic activity with the object of earning _________
(A) Wages
(B) Salary
(C) Profit
(D) None
(89) ________ is consider to be Driving factors
(A) Opportunity for gain
(B) Development
(C) Protection to industries
(D) Intense Competition
(90) Income & Proft is the sub-part of __________.
(A) Trade Union
(B) Pools
(C) Quota
(D) Federation
(91) The units carrying on identical business activities are known as ________.
(A) Vertical
(B) Horizontal
(C) Convergent lateral
(D) Diagonal
(92) In which occupation Expertise & training in specific field not necessary
(A) Business
(B) Profession
(C) Employment
(D) All of the above
(93) The main objective of Combination is to achieve some common goals like
(A) Growth
(B) Survival
(C) Prestige
(D) All the Above
(94) Chambers of Commerce arranges for the settlement of disputes arising out of trade or commerce by means of
(A) Informal Association
(B) Arbitration
(C) Collective bargaining
(D) Conciliation
(95) In _______ the business policy of several companies is controlled by a group of commorn stock- holders or directors.
(A) Community of Interest
(B) Associations
(C) Cartels
(D) Federations
(96) The _________ was a phenomenon which radically altered the whole system of production.
(A) Market Revolution
(B) Product Revolution
(C) Country Revolution
(D) Industrial Revolution
(97) _______ Integration takes place when a unit providing essential auxiliary goods or services to an industry is combined with a unit operating in the main line of production.
(A) Diagonal
(B) Vertical
(C) Circular
(D) Lateral
(98) Prestige, Growth and ____________ are the basic motives for business combinations.
(A) Survival
(B) Exploitation
(C) Risk
(D) Progress
(99) When firms belonging to different industries and producing altogether different products combine together
under the banner of a central agency, it is referred to as __________ Combination.
(A) Vertical
(B) Horizontal
(C) Lateral
(D) Circular
(100) __________ refers to association of workers formed for protection their interest in industry.
(A) Chamber of Commerce
(B) Federation
(C) Trade union
(D) None
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