MCQ Quiz on Business Awareness

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. Inclusive unionism is practiced mostly by

a.craft unions

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

c.professional and semiprofessional employees

d.industrial unions

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

a.Lotte

b.Nutrine

c.Cadbury

d.Parry's

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

a.Ravi Jaipuria

b.Ashoka Chauhan

c.Nikhil Meswani

d.Anu Agha

4. 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

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

a.GM

b.Maruti Suzuki

c.Hyundai

d.Ford

6. Debts owed by a business are referred to as

a.Credits

b.Liabilities

c.Account receivables

d.Owner's Equity

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

a.$275 million

b.$575 million

c.$375 million

d.$475 million

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

a.Hindustan times

b.Times of India

c.The Hindu

d.Deccan Chronicle

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

a.CRISIL

b.RBI

c.ICRA

d.CARE

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

a.McDonald

b.Coca Cola

c.Rasna

d.PepsiCo

11. Ratio analysis can be useful for

a.Evaluate financial performance of a company

b.None of the above

c.To improve profits of a company

d.Evaluate sales

12. 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.Design

b.Control

c.Analyze

d.Improve

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

a.Jet Airways

b.Lufthansa

c.Indian Airlines

d.Fly Emirates

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

a.Postal Payments Bank

b.Airtel Payments Bank

c.Aditya Birla Payments Bank

d.Paytm Payments Bank

15. Quality assurance is an example of which process?

a.None of the above

b.Delivering

c.Manufacturing

d.Testing

16. The advantages of being an entrepreneur are

a.making the important decisions

b.Making the important decisions

c.Opportunity to be your own boss

d.All of the above

17. 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

18. Which of the following does not motivate entrepreneurs?

a.Freedom

b.Profit

c.Innovation

d.Security

19. An increase in the price of a good will

a. increase quantity demanded

b.decrease demand

c.increase demand

d.decrease quantity demanded

20. What does IMF stand for?

a.Institute of Monetary Finance

b.International Monetary Fund

c.Indian Money Fund

d.International Machine Federation

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

a.DRI

b.NEFT

c.OLTAS

d.MANI

22. Black markets are associated with

a.Price floors and the resulting product surpluses

b.Ceiling prices and the resulting product shortages

c.Price floors and the resulting product shortages

d.Ceiling prices and the resulting product surpluses

23. A business organized as a corporation

a.Has tax advantages over a proprietorship or partnership

b.Is not a separate legal entity in most states

c.Is owned by its stockholders

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

24. Fixed cost per unit increases when

a.variable cost per unit increases

b.production volume increases

c.variable cost per unit decreases

d.production volume decreases

25. For a good that is a luxury demand

a.cannot be represented

b.has unit elasticity

c.tends to be elastic

d.tends to be inelastic

26. Effective sales management begins with

a.determining the most efficient structure for the sales force

b.pecifying the sales force size

c.designing a compensation plan

d.determining sales goals

27. Regulatory policies protect consumers by

a.overseeing and limiting businesses

b.deciding how to tax and spend money

c.providing public assistance programs

d.controlling the supply of money

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

a.A town zones an area for residential buildings only

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

c.All of the above

d.A surplus of supply

29. A market is said to be in equilibrium when

a.There is downward pressure on price

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

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

d.Supply equals demand

30. 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

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

a.Internet banking

b.Remittance services

c.Lending services

d.Acceptance of demand deposits

32. The supply curve for a monopolist is

a.Vertical

b.Dowward sloping

c.Horizontal

d.Doesn't exist

33. A binding price floor causes

a.No demand for the goods

b.Surplus supply of goods

c.Excess demand for the goods

d.Less supply of goods

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

a.Nasdaq

b.Mumbai Stock Exchange

c.New York Stock Exchange

d.London Stock Exchange

35. Mike McNamara is the founder of

a.Citibank

b.American Express

c.Pepsico

d.Standard Chartered

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

a.65 years

b.70 years

c.60 years

d.55 years

37. The ability of a corporation to obtain capital is

a.about the same as a partnership

b.less than a partnership

c.restricted because of the limited life of the corporation

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

38. Business transaction are recorded

a.At the end of the month

b.In chronologial order

c.Weekly

d.Any of the above

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

a.Idea

b.Hutch

c.Bharti Televenture

d.Reliance Telecom

40. The buying and selling of goods is called

a.Commerce

b.Business

c.Trade

d.Telecommunication

41. The factors that affect worker productivity include

a.base pay increases

b.All of the above

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

d.expenditures for best practices training

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

a.HDFC Bank

b.Axis Bank

c.ICICI Bank

d.SBI

43. An improvement in production technology will

a.shift the supply curve to the left

b.increase equilibrium price

c.shift the demand curve to the left

d.shift the supply curve to the right

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

a.Cement

b.Software

c.Advertising

d.Travel ad Tourism

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

a.Japan

b.Singapore

c.Malaysia

d.Mauritius

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

a.shift up

b.shift left

c.shift right

d.None of the above

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

a.WNS

b.Optimus

c.Progeon

d.Spectramind

48. A monopoly is a market that has

a.single seller and single buyer

b.a seller but no buyer

c.single seller

d.single buyer

49. An example of an on premise establishment is

a.None of the above

b.Both a and b

c.A restaurant that sells mixed drinks

d.A local pub

50. A raise in the price of a product causes

a.an increase in demand

b.a decrease in competition

c.an increase in competition

d.a decrease in supply

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

a.Improved quality

b.Products and services

c.Customer value

d.Customer needs

52. What is the main motive behind dealer incentives?

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

b.maintaining good dealer-manufacturer relationships

c.to maintain a permanent deal

d.ensuring that the customer gets the best possible deal

53. Other things equal an improvement in productivity will

a.shift the aggregate supply curve to the right

b.shift the aggregate supply curve to the left

c.increase the equilibrium price level

d.shift the aggregate demand curve to the left

54. Product costs are also called

a.Vulnerable Costs

b.None of the above

c.Voluntary Costs

d.Inventoriable Costs

55. The primary goal of a business firm is to

a.promote workforce job satisfaction

b.maximize profit

c.make a quality product

d.increase its production

56. 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 Science and Technology.

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

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

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

a.Bank Rate

b.Sub-Prime Lending Rate

c.Statutory Lending Rate

d.Prime Lending Rate

58. 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

59. The demand curve facing a perfectly competitive firm is

a.Line sloping upwards

b.Horizontal line

c.Vertical line

d.Line sloping downwards

60. The partnership form of business organization is

a.More than two shares

b.no shares

c.only to shares

d.Doesn't exist

61. Seagate is manufacturer of

a.harddisk

b.earth moving equipment

c.picture tube

d.banking software

62. Performance goals are used to

a.communicate nonverbally

b.measure effectiveness, but not efficiency

c.measure productivity

d.determine a worker's attitude

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

a.Paras Pharma

b.Galaxo Smith Kline

c.Henz

d. Pfizer

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

a.BP Kanungo

b.Viral Acharya

c.NS Vishwanathan

d.Michael Debabrata Patra

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

a.in alphabetical order

b.in the order of acquisition.

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

d.with the largest dollar amounts first.

66. A major purpose of cost accounting is to

a.measure, record and report product costs

b.All of the above

c.classify all the product costs

d.to provide information to stockholders for investment decisions

67. Total asset turnover is used to evaluate

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

b.The need for asset replacement

c.The relation between asset cost and book value

d.The cash flows used to acquire assets

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

a.Benefit exceeds its marginal cost

b.None of the above

c.Marginal cost exceeds its benefit

d.Benefit deceeds its marginal cost

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

a.people work at industries leaving their homes

b.group of cottages that serves as factory

c.people of same colony work at same place

d.goods are produced at home

70. 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.Regional Rural Banks

c.Small Finance Banks

d.Payment Banks

MCQ Quiz on Business Awareness for Competitive Exams

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

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