CUET 2023 MCQ Quiz on Business Awareness

CUET 2023 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. The ability of a corporation to obtain capital is

a.less than a partnership

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

c.about the same as a partnership

d.restricted because of the limited life of the corporation

2. Inclusive unionism is practiced mostly by

a.professional and semiprofessional employees

b.craft unions

c.industrial unions

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

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

a.Bharti Televenture

b.Hutch

c.Reliance Telecom

d.Idea

4. A business organized as a corporation

a.Has tax advantages over a proprietorship or partnership

b.Is owned by its stockholders

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

d.Is not a separate legal entity in most states

5. Quality assurance is an example of which process?

a.None of the above

b.Testing

c.Manufacturing

d.Delivering

6. Equivalent units of production are equal to

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

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

c.units completed by a production department in the period

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

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

a.Airtel Payments Bank

b.Postal Payments Bank

c.Paytm Payments Bank

d.Aditya Birla Payments Bank

8. The supply curve for a monopolist is

a.Dowward sloping

b.Vertical

c.Doesn't exist

d.Horizontal

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

a.Nutrine

b.Parry's

c.Cadbury

d.Lotte

10. Which of the following does not motivate entrepreneurs?

a.Innovation

b.Profit

c.Security

d.Freedom

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

a.Paras Pharma

b.Galaxo Smith Kline

c.Henz

d. Pfizer

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

a.New York Stock Exchange

b.London Stock Exchange

c.Mumbai Stock Exchange

d.Nasdaq

13. Seagate is manufacturer of

a.earth moving equipment

b.banking software

c.picture tube

d.harddisk

14. 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

15. What is the main motive behind dealer incentives?

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

b.to maintain a permanent deal

c.ensuring that the customer gets the best possible deal

d.maintaining good dealer-manufacturer relationships

16. The primary goal of a business firm is to

a.increase its production

b.maximize profit

c.make a quality product

d.promote workforce job satisfaction

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

a.ICICI Bank

b.SBI

c.HDFC Bank

d.Axis Bank

18. A market is said to be in equilibrium when

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

b.There is downward pressure on price

c.Supply equals demand

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

19. Total asset turnover is used to evaluate

a.The cash flows used to acquire assets

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

c.The need for asset replacement

d.The relation between asset cost and book value

20. What does IMF stand for?

a.International Machine Federation

b.Indian Money Fund

c.International Monetary Fund

d.Institute of Monetary Finance

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

a.Jet Airways

b.Indian Airlines

c.Fly Emirates

d.Lufthansa

22. 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

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

a.Coca Cola

b.Rasna

c.PepsiCo

d.McDonald

24. An example of an on premise establishment is

a.A local pub

b.None of the above

c.A restaurant that sells mixed drinks

d.Both a and b

25. Mike McNamara is the founder of

a.Citibank

b.Pepsico

c.Standard Chartered

d.American Express

26. The advantages of being an entrepreneur are

a.Making the important decisions

b.Opportunity to be your own boss

c.making the important decisions

d.All of the above

27. Black markets are associated with

a.Price floors and the resulting product shortages

b.Ceiling prices and the resulting product shortages

c.Price floors and the resulting product surpluses

d.Ceiling prices and the resulting product surpluses

28. An improvement in production technology will

a.shift the supply curve to the right

b.increase equilibrium price

c.shift the supply curve to the left

d.shift the demand curve to the left

29. A raise in the price of a product causes

a.an increase in demand

b.an increase in competition

c.a decrease in competition

d.a decrease in supply

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

a.WNS

b.Progeon

c.Spectramind

d.Optimus

31. The partnership form of business organization is

a.only to shares

b.More than two shares

c.Doesn't exist

d.no shares

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

a.Japan

b.Mauritius

c.Singapore

d.Malaysia

33. A binding price floor causes

a.Less supply of goods

b.Surplus supply of goods

c.Excess demand for the goods

d.No demand for the goods

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

a.Small Finance Banks

b.Payment Banks

c.NBFCS

d.Regional Rural Banks

35. Business transaction are recorded

a.Weekly

b.Any of the above

c.At the end of the month

d.In chronologial order

36. Debts owed by a business are referred to as

a.Owner's Equity

b.Liabilities

c.Account receivables

d.Credits

37. Effective sales management begins with

a.pecifying the sales force size

b.designing a compensation plan

c.determining the most efficient structure for the sales force

d.determining sales goals

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

a.Benefit deceeds its marginal cost

b.Marginal cost exceeds its benefit

c.Benefit exceeds its marginal cost

d.None of the above

39. For a good that is a luxury demand

a.tends to be elastic

b.tends to be inelastic

c.cannot be represented

d.has unit elasticity

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

a.The Hindu

b.Times of India

c.Hindustan times

d.Deccan Chronicle

41. The demand curve facing a perfectly competitive firm is

a.Horizontal line

b.Vertical line

c.Line sloping upwards

d.Line sloping downwards

42. Fixed cost per unit increases when

a.production volume decreases

b.variable cost per unit decreases

c.production volume increases

d.variable cost per unit increases

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

a.Remittance services

b.Lending services

c.Internet banking

d.Acceptance of demand deposits

44. Product costs are also called

a.Voluntary Costs

b.Vulnerable Costs

c.None of the above

d.Inventoriable Costs

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

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

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

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

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

46. A major purpose of cost accounting is to

a.to provide information to stockholders for investment decisions

b.classify all the product costs

c.measure, record and report product costs

d.All of the above

47. 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.Analyze

b.Control

c.Design

d.Improve

48. Performance goals are used to

a.communicate nonverbally

b.measure productivity

c.determine a worker's attitude

d.measure effectiveness, but not efficiency

49. Regulatory policies protect consumers by

a.deciding how to tax and spend money

b.overseeing and limiting businesses

c.controlling the supply of money

d.providing public assistance programs

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

a.Anu Agha

b.Ravi Jaipuria

c.Nikhil Meswani

d.Ashoka Chauhan

51. Capital budgeting is primarily concerned with

a.minimizing the cost of capital

b.planning future financing needs

c.evaluating investment alternatives

d.capital formation in the economy

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

a.Software

b.Cement

c.Travel ad Tourism

d.Advertising

53. A monopoly is a market that has

a.single seller

b.single buyer

c.a seller but no buyer

d.single seller and single buyer

54. 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.None of the above

c.correct journal entry is posted twice

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

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

a.Statutory Lending Rate

b.Bank Rate

c.Sub-Prime Lending Rate

d.Prime Lending Rate

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

a.Ford

b.GM

c.Maruti Suzuki

d.Hyundai

57. The factors that affect worker productivity include

a.All of the above

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

c.base pay increases

d.expenditures for best practices training

58. The buying and selling of goods is called

a.Telecommunication

b.Trade

c.Commerce

d.Business

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

a.Improved quality

b.Products and services

c.Customer value

d.Customer needs

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

a.ICRA

b.CRISIL

c.RBI

d.CARE

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

a.with the largest dollar amounts first.

b.in alphabetical order

c.in the order of acquisition.

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

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

a.shift up

b.None of the above

c.shift right

d.shift left

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

a.NS Vishwanathan

b.Viral Acharya

c.Michael Debabrata Patra

d.BP Kanungo

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

a.$575 million

b.$375 million

c.$475 million

d.$275 million

65. Other things equal an improvement in productivity will

a.shift the aggregate supply curve to the right

b.shift the aggregate demand curve to the left

c.shift the aggregate supply curve to the left

d.increase the equilibrium price level

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

a.people of same colony work at same place

b.goods are produced at home

c.group of cottages that serves as factory

d.people work at industries leaving their homes

67. Final goods and services refer to

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

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

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

68. Ratio analysis can be useful for

a.None of the above

b.To improve profits of a company

c.Evaluate financial performance of a company

d.Evaluate sales

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

a.MANI

b.OLTAS

c.DRI

d.NEFT

70. An increase in the price of a good will

a.decrease quantity demanded

b.increase demand

c.decrease demand

d. increase quantity demanded

CUET 2023 MCQ Quiz on Business Awareness for Competitive Exams

CUET 2023 MCQ Quiz on Business Awareness – Objective Question Answers on Business Awareness

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