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. Business transaction are recorded

a.In chronologial order

b.At the end of the month

c.Any of the above

d.Weekly

2. A trial balance will not balance if

a.correct journal entry is posted twice

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

c.None of the above

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

3. Effective sales management begins with

a.pecifying the sales force size

b.determining the most efficient structure for the sales force

c.designing a compensation plan

d.determining sales goals

4. 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 relation between asset cost and book value

d.The need for asset replacement

5. A raise in the price of a product causes

a.a decrease in supply

b.an increase in competition

c.a decrease in competition

d.an increase in demand

6. Other things equal an improvement in productivity will

a.shift the aggregate demand curve to the left

b.increase the equilibrium price level

c.shift the aggregate supply curve to the left

d.shift the aggregate supply curve to the right

7. An increase in the price of a good will

a.decrease quantity demanded

b. increase quantity demanded

c.increase demand

d.decrease demand

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

a.Coca Cola

b.PepsiCo

c.Rasna

d.McDonald

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

a.Japan

b.Singapore

c.Mauritius

d.Malaysia

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

a.Hyundai

b.Ford

c.Maruti Suzuki

d.GM

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

a.people of same colony work at same place

b.people work at industries leaving their homes

c.group of cottages that serves as factory

d.goods are produced at home

12. 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

13. 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

14. Quality assurance is an example of which process?

a.Manufacturing

b.Testing

c.None of the above

d.Delivering

15. 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

16. Black markets are associated with

a.Price floors and the resulting product surpluses

b.Ceiling prices and the resulting product surpluses

c.Price floors and the resulting product shortages

d.Ceiling prices and the resulting product shortages

17. An example of an on premise establishment is

a.None of the above

b.A restaurant that sells mixed drinks

c.A local pub

d.Both a and b

18. The ability of a corporation to obtain capital is

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

b.less than a partnership

c.restricted because of the limited life of the corporation

d.about the same as a partnership

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

a.Cadbury

b.Lotte

c.Nutrine

d.Parry's

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

a.None of the above

b.shift up

c.shift left

d.shift right

21. Ratio analysis can be useful for

a.To improve profits of a company

b.Evaluate sales

c.None of the above

d.Evaluate financial performance of a company

22. Mike McNamara is the founder of

a.American Express

b.Standard Chartered

c.Citibank

d.Pepsico

23. 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

24. Product costs are also called

a.None of the above

b.Inventoriable Costs

c.Vulnerable Costs

d.Voluntary Costs

25. A major purpose of cost accounting is to

a.to provide information to stockholders for investment decisions

b.All of the above

c.classify all the product costs

d.measure, record and report product costs

26. Regulatory policies protect consumers by

a.controlling the supply of money

b.overseeing and limiting businesses

c.providing public assistance programs

d.deciding how to tax and spend money

27. A monopoly is a market that has

a.single seller and single buyer

b.single seller

c.single buyer

d.a seller but no buyer

28. Inclusive unionism is practiced mostly by

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

b.craft unions

c.professional and semiprofessional employees

d.industrial unions

29. 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

30. A binding price floor causes

a.No demand for the goods

b.Excess demand for the goods

c.Less supply of goods

d.Surplus supply of goods

31. The partnership form of business organization is

a.Doesn't exist

b.only to shares

c.More than two shares

d.no shares

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

a.The Hindu

b.Hindustan times

c.Times of India

d.Deccan Chronicle

33. The supply curve for a monopolist is

a.Horizontal

b.Dowward sloping

c.Vertical

d.Doesn't exist

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

a.BP Kanungo

b.Michael Debabrata Patra

c.Viral Acharya

d.NS Vishwanathan

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

a.Nikhil Meswani

b.Anu Agha

c.Ashoka Chauhan

d.Ravi Jaipuria

36. Capital budgeting is primarily concerned with

a.planning future financing needs

b.evaluating investment alternatives

c.minimizing the cost of capital

d.capital formation in the economy

37. The primary goal of a business firm is to

a.maximize profit

b.make a quality product

c.promote workforce job satisfaction

d.increase its production

38. Which of the following does not motivate entrepreneurs?

a.Profit

b.Security

c.Freedom

d.Innovation

39. The buying and selling of goods is called

a.Business

b.Trade

c.Commerce

d.Telecommunication

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

a.Software

b.Travel ad Tourism

c.Cement

d.Advertising

41. Debts owed by a business are referred to as

a.Account receivables

b.Credits

c.Owner's Equity

d.Liabilities

42. The advantages of being an entrepreneur are

a.Making the important decisions

b.All of the above

c.making the important decisions

d.Opportunity to be your own boss

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

a.WNS

b.Spectramind

c.Optimus

d.Progeon

44. 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 purchased by ultimate users, rather than for resale or further processing

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

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

a.Customer value

b.Improved quality

c.Products and services

d.Customer needs

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

a.$375 million

b.$475 million

c.$275 million

d.$575 million

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

a.Payment Banks

b.Small Finance Banks

c.Regional Rural Banks

d.NBFCS

48. Performance goals are used to

a.determine a worker's attitude

b.communicate nonverbally

c.measure productivity

d.measure effectiveness, but not efficiency

49. Fixed cost per unit increases when

a.variable cost per unit increases

b.variable cost per unit decreases

c.production volume decreases

d.production volume increases

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

a.DRI

b.OLTAS

c.MANI

d.NEFT

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

a.New York Stock Exchange

b.London Stock Exchange

c.Nasdaq

d.Mumbai Stock Exchange

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

a.Jet Airways

b.Indian Airlines

c.Fly Emirates

d.Lufthansa

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

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

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

a. Pfizer

b.Galaxo Smith Kline

c.Henz

d.Paras Pharma

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

c.There is downward pressure on price

d.Supply equals demand

56. 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.Improve

c.Design

d.Analyze

57. Seagate is manufacturer of

a.earth moving equipment

b.harddisk

c.picture tube

d.banking software

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

a.Aditya Birla Payments Bank

b.Paytm Payments Bank

c.Airtel Payments Bank

d.Postal Payments Bank

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

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

b.All of the above

c.A town zones an area for residential buildings only

d.A surplus of supply

60. An improvement in production technology will

a.shift the supply curve to the left

b.shift the demand curve to the left

c.shift the supply curve to the right

d.increase equilibrium price

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

a.Benefit exceeds its marginal cost

b.None of the above

c.Benefit deceeds its marginal cost

d.Marginal cost exceeds its benefit

62. What does IMF stand for?

a.Indian Money Fund

b.Institute of Monetary Finance

c.International Monetary Fund

d.International Machine Federation

63. 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

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

a.70 years

b.65 years

c.55 years

d.60 years

65. The factors that affect worker productivity include

a.base pay increases

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

c.All of the above

d.expenditures for best practices training

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

a.Internet banking

b.Lending services

c.Remittance services

d.Acceptance of demand deposits

67. 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 Science and Technology.

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 Industrial Policy and Promotion.

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

a.RBI

b.CRISIL

c.CARE

d.ICRA

69. The demand curve facing a perfectly competitive firm is

a.Vertical line

b.Line sloping upwards

c.Line sloping downwards

d.Horizontal line

70. 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

CUET 2024 MCQ Quiz on Business Awareness for Competitive Exams

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

Submit a Comment Cancel reply

Latest Posts

CBSE School Lessons

Popular Pages

Entrance Exams

Top Entrance Exams

Admission Information

Career and Jobs

Education India