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

a.Jet Airways

b.Fly Emirates

c.Lufthansa

d.Indian Airlines

2. 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.Improve

b.Analyze

c.Design

d.Control

3. Which of the following does not motivate entrepreneurs?

a.Freedom

b.Security

c.Innovation

d.Profit

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

a.Maruti Suzuki

b.GM

c.Ford

d.Hyundai

5. Regulatory policies protect consumers by

a.deciding how to tax and spend money

b.providing public assistance programs

c.overseeing and limiting businesses

d.controlling the supply of money

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

a.55 years

b.65 years

c.70 years

d.60 years

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

a.BP Kanungo

b.NS Vishwanathan

c.Viral Acharya

d.Michael Debabrata Patra

8. Total asset turnover is used to evaluate

a.The relation between asset cost and book value

b.The cash flows used to acquire assets

c.The need for asset replacement

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

9. Mike McNamara is the founder of

a.American Express

b.Standard Chartered

c.Pepsico

d.Citibank

10. Fixed cost per unit increases when

a.production volume increases

b.variable cost per unit decreases

c.variable cost per unit increases

d.production volume decreases

11. A major purpose of cost accounting is to

a.to provide information to stockholders for investment decisions

b.measure, record and report product costs

c.classify all the product costs

d.All of the above

12. A raise in the price of a product causes

a.an increase in competition

b.a decrease in supply

c.a decrease in competition

d.an increase in demand

13. A monopoly is a market that has

a.a seller but no buyer

b.single buyer

c.single seller

d.single seller and single buyer

14. The buying and selling of goods is called

a.Telecommunication

b.Business

c.Trade

d.Commerce

15. A business organized as a corporation

a.Is not a separate legal entity in most states

b.Has tax advantages over a proprietorship or partnership

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

d.Is owned by its stockholders

16. Quality assurance is an example of which process?

a.None of the above

b.Manufacturing

c.Testing

d.Delivering

17. The supply curve for a monopolist is

a.Horizontal

b.Vertical

c.Doesn't exist

d.Dowward sloping

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

a.Rasna

b.PepsiCo

c.McDonald

d.Coca Cola

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

a.Paras Pharma

b.Henz

c.Galaxo Smith Kline

d. Pfizer

20. The demand curve facing a perfectly competitive firm is

a.Horizontal line

b.Line sloping downwards

c.Line sloping upwards

d.Vertical line

21. The primary goal of a business firm is to

a.promote workforce job satisfaction

b.increase its production

c.maximize profit

d.make a quality product

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

a.Sub-Prime Lending Rate

b.Bank Rate

c.Statutory Lending Rate

d.Prime Lending Rate

23. Product costs are also called

a.Inventoriable Costs

b.Voluntary Costs

c.Vulnerable Costs

d.None of the above

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

a.A town zones an area for residential buildings only

b.A surplus of supply

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

d.All of the above

25. The advantages of being an entrepreneur are

a.All of the above

b.Opportunity to be your own boss

c.Making the important decisions

d.making the important decisions

26. A binding price floor causes

a.Less supply of goods

b.No demand for the goods

c.Surplus supply of goods

d.Excess demand for the goods

27. 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

28. 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.Regional Rural Banks

d.Small Finance Banks

29. 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

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

a.Reliance Telecom

b.Idea

c.Bharti Televenture

d.Hutch

31. 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

32. 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 Science and Technology.

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

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

a.in the order of acquisition.

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

c.with the largest dollar amounts first.

d.in alphabetical order

34. For a good that is a luxury demand

a.has unit elasticity

b.tends to be elastic

c.tends to be inelastic

d.cannot be represented

35. Debts owed by a business are referred to as

a.Credits

b.Owner's Equity

c.Liabilities

d.Account receivables

36. Effective sales management begins with

a.designing a compensation plan

b.determining sales goals

c.determining the most efficient structure for the sales force

d.pecifying the sales force size

37. An increase in the price of a good will

a.increase demand

b.decrease quantity demanded

c. increase quantity demanded

d.decrease demand

38. Performance goals are used to

a.measure effectiveness, but not efficiency

b.communicate nonverbally

c.measure productivity

d.determine a worker's attitude

39. The factors that affect worker productivity include

a.base pay increases

b.expenditures for best practices training

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

d.All of the above

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

a.Benefit deceeds its marginal cost

b.None of the above

c.Marginal cost exceeds its benefit

d.Benefit exceeds its marginal cost

41. 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.NEFT

d.DRI

42. Capital budgeting is primarily concerned with

a.capital formation in the economy

b.evaluating investment alternatives

c.minimizing the cost of capital

d.planning future financing needs

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

a.Anu Agha

b.Ashoka Chauhan

c.Nikhil Meswani

d.Ravi Jaipuria

44. Final goods and services refer to

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

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

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

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

45. 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.None of the above

d.correct journal entry is posted twice

46. Seagate is manufacturer of

a.earth moving equipment

b.banking software

c.harddisk

d.picture tube

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

a.people work at industries leaving their homes

b.people of same colony work at same place

c.group of cottages that serves as factory

d.goods are produced at home

48. An example of an on premise establishment is

a.A restaurant that sells mixed drinks

b.None of the above

c.Both a and b

d.A local pub

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

a.SBI

b.HDFC Bank

c.Axis Bank

d.ICICI Bank

50. 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

51. The partnership form of business organization is

a.More than two shares

b.Doesn't exist

c.no shares

d.only to shares

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

a.Travel ad Tourism

b.Cement

c.Software

d.Advertising

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

a.CRISIL

b.RBI

c.CARE

d.ICRA

54. The ability of a corporation to obtain capital is

a.restricted because of the limited life of the corporation

b.less than a partnership

c.about the same as a partnership

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

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

a.Airtel Payments Bank

b.Aditya Birla Payments Bank

c.Postal Payments Bank

d.Paytm Payments Bank

56. Business transaction are recorded

a.Weekly

b.Any of the above

c.In chronologial order

d.At the end of the month

57. What is the main motive behind dealer incentives?

a.ensuring that the customer gets the best possible deal

b.to maintain a permanent deal

c.maintaining good dealer-manufacturer relationships

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

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

a.The Hindu

b.Times of India

c.Deccan Chronicle

d.Hindustan times

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

a.Optimus

b.Spectramind

c.WNS

d.Progeon

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

a.Lending services

b.Acceptance of demand deposits

c.Internet banking

d.Remittance services

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

a.Cadbury

b.Nutrine

c.Lotte

d.Parry's

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

a.London Stock Exchange

b.New York Stock Exchange

c.Mumbai Stock Exchange

d.Nasdaq

63. Inclusive unionism is practiced mostly by

a.craft unions

b.industrial unions

c.professional and semiprofessional employees

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

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.$275 million

d.$475 million

65. Black markets are associated with

a.Ceiling prices and the resulting product shortages

b.Price floors and the resulting product shortages

c.Price floors and the resulting product surpluses

d.Ceiling prices and the resulting product surpluses

66. What does IMF stand for?

a.Indian Money Fund

b.Institute of Monetary Finance

c.International Machine Federation

d.International Monetary Fund

67. Equivalent units of production are equal to

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

b.units completed by a production department in the period

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

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

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

a.Malaysia

b.Singapore

c.Japan

d.Mauritius

69. Ratio analysis can be useful for

a.To improve profits of a company

b.None of the above

c.Evaluate financial performance of a company

d.Evaluate sales

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

a.Products and services

b.Customer value

c.Improved quality

d.Customer needs

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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