CUET 2024 MCQ Quiz on Business Awareness

CUET 2024 MCQ Quiz on Business Awareness – Objective Question Answers on Business Awareness

Business Awareness MCQ – Get MCQ Question on Business Awareness. General Knowledge Business Awareness MCQ Questions are asked in various Competitive exam in their General Knowledge section. Here we have compiled Business Awareness MCQ questions and answers for students who are planning to appear for Competitive/ entrance examination. Practice GK Quiz on Business Awareness

1. Which of the following is NOT a credit rating agency in India?

a.ICRA

b.RBI

c.CRISIL

d.CARE

2. Total asset turnover is used to evaluate

a.The cash flows used to acquire assets

b.The relation between asset cost and book value

c.The need for asset replacement

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

3. Who owns the rights for Pizza Hut, Cream Bell and Costa Coffee in India?

a.Ashoka Chauhan

b.Anu Agha

c.Ravi Jaipuria

d.Nikhil Meswani

4. For a good that is a luxury demand

a.has unit elasticity

b.tends to be inelastic

c.cannot be represented

d.tends to be elastic

5. Grand Vitara XV-7 is a vehicle launched by

a.Maruti Suzuki

b.Ford

c.GM

d.Hyundai

6. Other things equal an improvement in productivity will

a.shift the aggregate supply curve to the left

b.shift the aggregate supply curve to the right

c.increase the equilibrium price level

d.shift the aggregate demand curve to the left

7. Quality assurance is an example of which process?

a.Testing

b.Manufacturing

c.None of the above

d.Delivering

8. Performance goals are used to

a.communicate nonverbally

b.measure productivity

c.measure effectiveness, but not efficiency

d.determine a worker's attitude

9. Which of the following BPO companies is a wholly-owned subsidiary of Polaris software?

a.Optimus

b.Spectramind

c.Progeon

d.WNS

10. A major purpose of cost accounting is to

a.classify all the product costs

b.to provide information to stockholders for investment decisions

c.measure, record and report product costs

d.All of the above

11. The factors that affect worker productivity include

a.expenditures for best practices training

b.base pay increases

c.the size of incentive payments per non-defective pair

d.All of the above

12. Which of these is an example of a labor law?

a.A surplus of supply

b.All of the above

c.A town zones an area for residential buildings only

d.A restriction on when a union may call a strike

13. Debts owed by a business are referred to as

a.Account receivables

b.Owner's Equity

c.Credits

d.Liabilities

14. Which one of the following statements with regard to Antrix Corporation Limited is correct?

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

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

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

d.It is a commercial arm of the Department of Science and Technology.

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

a.NBFCS

b.Payment Banks

c.Small Finance Banks

d.Regional Rural Banks

16. Final goods and services refer to

a.goods and services whose value has been adjusted for changes in the price level

b.the excess of U.S. exports over U.S. imports

c.goods and services that are unsold and therefore added to inventories

d.goods and services purchased by ultimate users, rather than for resale or further processing

17. Equity firm Warburg Pincus and telecom company Sing Tel Hold equity stake in which Indian Cellular service provider?

a.Bharti Televenture

b.Reliance Telecom

c.Hutch

d.Idea

18. A raise in the price of a product causes

a.a decrease in supply

b.a decrease in competition

c.an increase in competition

d.an increase in demand

19. A person should consume more of something when its marginal cost

a.None of the above

b.Benefit deceeds its marginal cost

c.Benefit exceeds its marginal cost

d.Marginal cost exceeds its benefit

20. Name the new Business Area which Sahara India Parivar has entered into:

a.Cement

b.Software

c.Travel ad Tourism

d.Advertising

21. The primary goal of a business firm is to

a.promote workforce job satisfaction

b.increase its production

c.make a quality product

d.maximize profit

22. Two Mega confectionery brands - Maha Lacto and Eclairs are owned by which company?

a.Lotte

b.Parry's

c.Nutrine

d.Cadbury

23. The partnership form of business organization is

a.Doesn't exist

b.only to shares

c.More than two shares

d.no shares

24. What is the main motive behind dealer incentives?

a.maintaining good dealer-manufacturer relationships

b.ensuring that the customer gets the best possible deal

c.encouraging the maximum number of sales of the manufacturers products

d.to maintain a permanent deal

25. The rate of interest on which commercial banks borrow money from RBI to meet their short term credit needs is known as:

a.Prime Lending Rate

b.Bank Rate

c.Statutory Lending Rate

d.Sub-Prime Lending Rate

26. Product costs are also called

a.Voluntary Costs

b.Vulnerable Costs

c.Inventoriable Costs

d.None of the above

27. A monopoly is a market that has

a.single seller

b.single seller and single buyer

c.a seller but no buyer

d.single buyer

28. Fixed cost per unit increases when

a.variable cost per unit increases

b.production volume decreases

c.production volume increases

d.variable cost per unit decreases

29. An increase in the price of a good will

a.decrease demand

b.decrease quantity demanded

c. increase quantity demanded

d.increase demand

30. Regulatory policies protect consumers by

a.providing public assistance programs

b.deciding how to tax and spend money

c.controlling the supply of money

d.overseeing and limiting businesses

31. Which one of the following is the maximum age of joining National Pension System (NFS) under the NFS Private Sector?

a.55 years

b.60 years

c.65 years

d.70 years

32. An increase in the price level will cause a _ the aggregate demand curve.

a.None of the above

b.shift right

c.shift left

d.shift up

33. Which Payments Bank becoming the first bank to offer cash backs on deposits ?

a.Postal Payments Bank

b.Airtel Payments Bank

c.Paytm Payments Bank

d.Aditya Birla Payments Bank

34. The demand curve facing a perfectly competitive firm is

a.Vertical line

b.Horizontal line

c.Line sloping downwards

d.Line sloping upwards

35. The buying and selling of goods is called

a.Trade

b.Telecommunication

c.Commerce

d.Business

36. What does IMF stand for?

a.International Machine Federation

b.Institute of Monetary Finance

c.International Monetary Fund

d.Indian Money Fund

37. A binding price floor causes

a.Less supply of goods

b.No demand for the goods

c.Excess demand for the goods

d.Surplus supply of goods

38. Business transaction are recorded

a.At the end of the month

b.In chronologial order

c.Any of the above

d.Weekly

39. A business organized as a corporation

a.Requires that stockholders be personally liable for the debts of the business

b.Is not a separate legal entity in most states

c.Has tax advantages over a proprietorship or partnership

d.Is owned by its stockholders

40. Inclusive unionism is practiced mostly by

a.industrial unions

b.craft unions

c.small unions comprised of skilled workers, such as the bricklayers

d.professional and semiprofessional employees

41. An example of an on premise establishment is

a.Both a and b

b.None of the above

c.A restaurant that sells mixed drinks

d.A local pub

42. Hindustan Lever is selling Lipton Ice Tea in the Indian Market in association with which company?

a.McDonald

b.Rasna

c.Coca Cola

d.PepsiCo

43. Equivalent units of production are equal to

a.units completed by a production department in the period

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

c.number of units worked on during the period by a production department

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

44. Which major bank has launched the 'Unnati Credit Card' in 2017 to enhance credit inclusion in India?

a.ICICI Bank

b.Axis Bank

c.HDFC Bank

d.SBI

45. Who among the following was appointed as the Deputy Governor of Reserve Bank of India (RBI) in January 2020?

a.NS Vishwanathan

b.BP Kanungo

c.Michael Debabrata Patra

d.Viral Acharya

46. Which phase of DMAIC is designed to insure that the problem does NOT reoccur and that the new processes can be further improved over time?

a.Control

b.Analyze

c.Design

d.Improve

47. Mike McNamara is the founder of

a.American Express

b.Pepsico

c.Citibank

d.Standard Chartered

48. The task of any business is to deliver _ at a profit.

a.Customer needs

b.Products and services

c.Improved quality

d.Customer value

49. Seagate is manufacturer of

a.picture tube

b.harddisk

c.banking software

d.earth moving equipment

50. Capital budgeting is primarily concerned with

a.minimizing the cost of capital

b.evaluating investment alternatives

c.planning future financing needs

d.capital formation in the economy

51. Black markets are associated with

a.Price floors and the resulting product shortages

b.Ceiling prices and the resulting product surpluses

c.Ceiling prices and the resulting product shortages

d.Price floors and the resulting product surpluses

52. Ratio analysis can be useful for

a.To improve profits of a company

b.Evaluate financial performance of a company

c.Evaluate sales

d.None of the above

53. Which application was launched by Reserve Bank of India in January 2020 to help visually challenged people identify new currency notes?

a.OLTAS

b.MANI

c.DRI

d.NEFT

54. Boost and Crocin brands are owned by which company?

a.Paras Pharma

b.Henz

c.Galaxo Smith Kline

d. Pfizer

55. The supply curve for a monopolist is

a.Dowward sloping

b.Horizontal

c.Vertical

d.Doesn't exist

56. Which of the following does not fall into the functions ofPayments Banks?

a.Acceptance of demand deposits

b.Remittance services

c.Lending services

d.Internet banking

57. Effective sales management begins with

a.designing a compensation plan

b.determining the most efficient structure for the sales force

c.pecifying the sales force size

d.determining sales goals

58. A market is said to be in equilibrium when

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

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

c.Supply equals demand

d.There is downward pressure on price

59. Let your heart fly" baseline is associated with which airlines company?

a.Jet Airways

b.Lufthansa

c.Fly Emirates

d.Indian Airlines

60. Which of the following Stock exchanges is called "Big Board"?

a.Nasdaq

b.London Stock Exchange

c.Mumbai Stock Exchange

d.New York Stock Exchange

61. How much loan amount was sanctioned by The World Bank to help India develop its first modern waterway?

a.$475 million

b.$375 million

c.$275 million

d.$575 million

62. A trial balance will not balance if

a.Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500

b.the purchase on credit basis is debited to purchases and credited to cash

c.correct journal entry is posted twice

d.None of the above

63. An improvement in production technology will

a.increase equilibrium price

b.shift the demand curve to the left

c.shift the supply curve to the left

d.shift the supply curve to the right

64. The advantages of being an entrepreneur are

a.Making the important decisions

b.Opportunity to be your own boss

c.All of the above

d.making the important decisions

65. Which newspaper has acquired a 67 per cent stake in Kolkata-based daily The Asian Age?

a.Hindustan times

b.The Hindu

c.Times of India

d.Deccan Chronicle

66. 'Khazanah' is the state-owned investment holding arm of which country?

a.Mauritius

b.Japan

c.Malaysia

d.Singapore

67. On a classified balance sheet, companies usually list current assets

a.in alphabetical order

b.in the order in which they are expected to be converted into cash.

c.with the largest dollar amounts first.

d.in the order of acquisition.

68. What is the best definition of the term cottage industry?

a.group of cottages that serves as factory

b.people of same colony work at same place

c.people work at industries leaving their homes

d.goods are produced at home

69. The ability of a corporation to obtain capital is

a.less than a partnership

b.restricted because of the limited life of the corporation

c.enhanced because of limited liability and ease of share transferability

d.about the same as a partnership

70. Which of the following does not motivate entrepreneurs?

a.Innovation

b.Freedom

c.Profit

d.Security

CUET 2024 MCQ Quiz on Business Awareness for Competitive Exams

CUET 2024 MCQ Quiz on Business Awareness – Objective Question Answers on Business Awareness

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