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

a.Lotte

b.Nutrine

c.Parry's

d.Cadbury

2. Which of the following does not motivate entrepreneurs?

a.Freedom

b.Innovation

c.Security

d.Profit

3. Quality assurance is an example of which process?

a.Delivering

b.Manufacturing

c.Testing

d.None of the above

4. An increase in the price of a good will

a.decrease quantity demanded

b.increase demand

c.decrease demand

d. increase quantity demanded

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

a.Ford

b.Maruti Suzuki

c.GM

d.Hyundai

6. Total asset turnover is used to evaluate

a.The relation between asset cost and book value

b.The need for asset replacement

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

d.The cash flows used to acquire assets

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

a.goods are produced at home

b.people work at industries leaving their homes

c.group of cottages that serves as factory

d.people of same colony work at same place

8. 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.

9. Performance goals are used to

a.determine a worker's attitude

b.measure effectiveness, but not efficiency

c.measure productivity

d.communicate nonverbally

10. A trial balance will not balance if

a.None of the above

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

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

d.correct journal entry is posted twice

11. 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

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

a.Jet Airways

b.Fly Emirates

c.Lufthansa

d.Indian Airlines

13. The advantages of being an entrepreneur are

a.Making the important decisions

b.All of the above

c.Opportunity to be your own boss

d.making the important decisions

14. Business transaction are recorded

a.In chronologial order

b.Any of the above

c.At the end of the month

d.Weekly

15. The factors that affect worker productivity include

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

b.All of the above

c.base pay increases

d.expenditures for best practices training

16. Debts owed by a business are referred to as

a.Credits

b.Owner's Equity

c.Account receivables

d.Liabilities

17. 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.Supply equals demand

c.There is downward pressure on price

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

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

a.Michael Debabrata Patra

b.BP Kanungo

c.NS Vishwanathan

d.Viral Acharya

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

a.A town zones an area for residential buildings only

b.All of the above

c.A surplus of supply

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

20. The ability of a corporation to obtain capital is

a.about the same as a partnership

b.restricted because of the limited life of the corporation

c.less than a partnership

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

21. A major purpose of cost accounting is to

a.classify all the product costs

b.All of the above

c.measure, record and report product costs

d.to provide information to stockholders for investment decisions

22. An example of an on premise establishment is

a.A local pub

b.Both a and b

c.None of the above

d.A restaurant that sells mixed drinks

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

a.Coca Cola

b.PepsiCo

c.McDonald

d.Rasna

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

a.55 years

b.70 years

c.65 years

d.60 years

25. 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

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

a.Malaysia

b.Mauritius

c.Singapore

d.Japan

27. 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.Design

c.Control

d.Analyze

28. The demand curve facing a perfectly competitive firm is

a.Line sloping upwards

b.Vertical line

c.Line sloping downwards

d.Horizontal line

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

a.Ashoka Chauhan

b.Ravi Jaipuria

c.Anu Agha

d.Nikhil Meswani

30. A binding price floor causes

a.Surplus supply of goods

b.Excess demand for the goods

c.Less supply of goods

d.No demand for the goods

31. Capital budgeting is primarily concerned with

a.planning future financing needs

b.evaluating investment alternatives

c.capital formation in the economy

d.minimizing the cost of capital

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

a.Customer value

b.Improved quality

c.Products and services

d.Customer needs

33. What is the main motive behind dealer incentives?

a.to maintain a permanent deal

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

c.ensuring that the customer gets the best possible deal

d.maintaining good dealer-manufacturer relationships

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

a.Cement

b.Advertising

c.Travel ad Tourism

d.Software

35. What does IMF stand for?

a.Indian Money Fund

b.Institute of Monetary Finance

c.International Monetary Fund

d.International Machine Federation

36. 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.Payment Banks

d.Small Finance Banks

37. Inclusive unionism is practiced mostly by

a.industrial unions

b.professional and semiprofessional employees

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

d.craft unions

38. Fixed cost per unit increases when

a.production volume decreases

b.variable cost per unit increases

c.production volume increases

d.variable cost per unit decreases

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

a.Times of India

b.The Hindu

c.Deccan Chronicle

d.Hindustan times

40. Seagate is manufacturer of

a.earth moving equipment

b.banking software

c.picture tube

d.harddisk

41. A monopoly is a market that has

a.single seller and single buyer

b.single buyer

c.single seller

d.a seller but no buyer

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

a.CARE

b.ICRA

c.RBI

d.CRISIL

43. Product costs are also called

a.Voluntary Costs

b.None of the above

c.Inventoriable Costs

d.Vulnerable Costs

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

a.Remittance services

b.Internet banking

c.Acceptance of demand deposits

d.Lending services

45. The supply curve for a monopolist is

a.Vertical

b.Horizontal

c.Dowward sloping

d.Doesn't exist

46. A raise in the price of a product causes

a.a decrease in competition

b.an increase in competition

c.an increase in demand

d.a decrease in supply

47. Mike McNamara is the founder of

a.Citibank

b.American Express

c.Standard Chartered

d.Pepsico

48. The partnership form of business organization is

a.Doesn't exist

b.no shares

c.More than two shares

d.only to shares

49. Regulatory policies protect consumers by

a.overseeing and limiting businesses

b.deciding how to tax and spend money

c.controlling the supply of money

d.providing public assistance programs

50. Final goods and services refer to

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

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

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

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

51. For a good that is a luxury demand

a.tends to be inelastic

b.has unit elasticity

c.tends to be elastic

d.cannot be represented

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

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

b.in the order of acquisition.

c.with the largest dollar amounts first.

d.in alphabetical order

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

a.London Stock Exchange

b.New York Stock Exchange

c.Nasdaq

d.Mumbai Stock Exchange

54. Ratio analysis can be useful for

a.Evaluate sales

b.None of the above

c.To improve profits of a company

d.Evaluate financial performance of a company

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

a.Hutch

b.Reliance Telecom

c.Bharti Televenture

d.Idea

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

a.NEFT

b.OLTAS

c.DRI

d.MANI

57. 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

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

a.SBI

b.ICICI Bank

c.Axis Bank

d.HDFC Bank

59. The buying and selling of goods is called

a.Commerce

b.Business

c.Telecommunication

d.Trade

60. Black markets are associated with

a.Ceiling prices and the resulting product shortages

b.Ceiling prices and the resulting product surpluses

c.Price floors and the resulting product surpluses

d.Price floors and the resulting product shortages

61. 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.Prime Lending Rate

c.Statutory Lending Rate

d.Sub-Prime Lending Rate

62. Effective sales management begins with

a.determining sales goals

b.pecifying the sales force size

c.designing a compensation plan

d.determining the most efficient structure for the sales force

63. A business organized as a corporation

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

b.Is owned by its stockholders

c.Has tax advantages over a proprietorship or partnership

d.Is not a separate legal entity in most states

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

a.Marginal cost exceeds its benefit

b.Benefit deceeds its marginal cost

c.None of the above

d.Benefit exceeds its marginal cost

65. Other things equal an improvement in productivity will

a.shift the aggregate supply curve to the right

b.increase the equilibrium price level

c.shift the aggregate demand curve to the left

d.shift the aggregate supply curve to the left

66. Equivalent units of production are equal to

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

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

c.units completed by a production department in the period

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

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

a.Paras Pharma

b.Henz

c. Pfizer

d.Galaxo Smith Kline

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

a.shift left

b.shift right

c.shift up

d.None of the above

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

a.Optimus

b.Progeon

c.Spectramind

d.WNS

70. 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

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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