F.Y B.COM
SEMESTER - 1
STRUCTURE & PROCESS OF BUSINESS
(SPB)
MCQS
1. The _________ was a phenomenon which radically altered the whole system of procedure.
(a) Market Revolution
(b) Product Revolution
(c) Country Revolution
(d) Industrial Revolution
2. The business cycles are also known as
(a) Trade Cycle
(b) Depression Cycles
(c) Prosperity cycles
(d) Waste Cycles
3. The intangible and visible goods supplied by business concerns which can not be stored by the consumer is known as:
(a) Producers goods
(b) Consumer goods
(c) Service
(d) None of these
4. Industrial revolution refers to a series of remarkable change in _________ industries during 1760 to 1830.
(a) British Industries
(b) American Industries
(c) African Industries
(d) Asian Industries
5. One of the social objective of business is
(a) Avoidance of customers
(b) Development of skilled personnel’s
(c) Fair dealing with employees
(d) Supply of desired quality of goods
6. For the success of business all the marketing plans and policies must be
(a) Objective oriented
(b) Nation oriented
(c) Customer oriented
(d) Vision oriented
7. Business is a human activity directed towards
(a) Acquisition of social stability
(b) Acquisition of wealth
(c) Acquisition of profit
(d) Acquisition of market
8. As a result of industrial revolution there was a transformation from
(a) Simple to capitalist economy
(b) Natural to commercial economy
(c) Natural to capitalist economy
(d) Socialist to capitalist economy
9. Which of the following is part of Human Occupation?
(a) Professions
(b) Business
(c) Employment
(d) All of the above
10. Assembly line activities are also kind of _________.
(a) Construction industries
(b) Commerce
(c) Manufacturing industries
(d) Trade
11. Interest cannot be transferred in case of __________.
(a) Professions
(b) Business
(c) Employment
(d) None of these
12. Individual Risk is a part of Activities in case of ___________.
(a) Professions
(b) Business
(c) Employment
(d) A and B both
13. Foreign trade includes _________.
(a) Import trade
(b) Export trade
(c) Entrepot trade
(d) All of the above
14. Match items list ‘X’ with items list ‘Y’
|
X |
Y |
|
(i) Organic objective |
(a) Providing employment |
|
(ii) Social objective |
(b) New and better product |
|
(iii) Innovation |
(c) Survival, growth expansion |
|
(iv) National objective |
(d) Export development |
(i) (ii) (iii) (iv)
(a) c b a d
(b) c a b d
(c) b c a d
(d) b d c a
15. A refrigerator operating in a chemist’s shop is an example of
(a) Free good
(b) Final good
(c) Intermediate good
(d) Consumers good
16. What is an economic activity?
(a) Activity undertaken in expectation of economic return
(b) Activity undertaken for providing service
(c) Activity undertaken for services and economic return
(d) Activity undertaken as a result of love and affection.
17. What is a non-economic activity?
(a) Activity done in expectation of earning
(b) Activity done in expectation of economic return
(c) Activity done for social services
(d) Activity done in expectation of return and services
18. How many types of economic activities are there?
(a) One
(b) Two
(c) Three
(d) Four
19. Business is done with _________.
(a) Profit objective
(b) Service motive
(c) Fee objective
(d) Remuneration motive
20. Profession is done with ________.
(a) Profit objective
(b) Service motive
(c) Fee objective
(d) Remuneration motive
21. Employment is done with ________.
(a) Profit objective
(b) Service motive
(c) Fee objective
(d) Remuneration motive
22. Where did the industrial revolution start?
(a) England
(b) USA
(c) Germany
(d) India
23. Which is dependent economic activity?
(a) Business
(b) Profession
(c) Employment
(d) Service
24. A business enterprise is an ________ entity.
(a) Commercial
(b) Social
(c) Natural
(d) Organic
25. Genetic industries are relocated with _________ organisms.
(a) Living
(b) Static
(c) Mechanical
(d) Chemical
26. ______ are those occupations which involve the rendering of personal services of a special and expert nature.
(a) Business
(b) Employment
(c) Professions
(d) Adventure
27. The marketing plans and policies of today are ______ centered and not ______ centered.
(a) Customer, Product
(b) Product, Customer
(c) Profit, Product
(d) Profit, Customer
28. From the following, which characteristic is not of the business ?
(a) Profit objective
(b) Risk
(c) Definite return
(d) Economic activity
29. In which field, India has got the place from the following?
(a) Transportation
(b) Insurance
(c) Medicine
(d) Information
30. From the following which activity is not economic activity?
(a) Business Activity
(b) Lawyer
(c) Social Worker
(d) Doctor
31. From the following which activity is out side the scope of Human Occupation?
(a) The Sachin Tendulkar, playing international cricket.
(b) Anna’s hunger strike
(c) Mukesh Ambani coming to IPCL
(d) Dr. Anand going to his hospital
32. By which name the production activity known?
(a) Industry
(b) Business
(c) Trade
(d) Employment
33. Which is trade facilitating services?
(a) Trade
(b) Commerce
(c) Industry
(d) Profession
34. What is meant by the exchange of product in lieu of finance?
(a) Trade
(b) Commerce
(c) Industry
(d) Profession
35. How many types of trade are there?
(a) One
(b) Two
(c) Three
(d) Four
36. What is main characteristics of trade?
(a) Buyer
(b) Seller
(c) Purchase seller
(d) Agent
37. Purchase and sale for the purpose of profit means ________.
(a) Trade
(b) Commerce
(c) Industry
(d) Profession
38. Industry dong the process on the material obtained from the nature means ________.
(a) Modern industry
(b) Primary industry
(c) Labour oriented
(d) Secondary industry
39. Which of the following is or are the economic objective of business?
(a) Profit
(b) Creation of customer
(c) Innovation
(d) All of these
40. ________ involves transfer, sale or exchange of goods and services to satisfy the needs of customers.
(a) Business
(b) Employment
(c) Professions
(d) Adventure
41. It is ________ obligation of business not to indulge in malpractices such as hoarding and black marketing.
(a) Organic
(b) Social
(c) National
(d) Economic
42. Which of the following is / are true about industrial revolution.
(i) Money become supreme
(ii) Personal skill was given more importance
(iii) Concentration of factors of production in few hands
(iv) Slums area
(a) All above
(b) Only (i) & (iv)
(c) Only (i) & (ii)
(d) Only (i), (iii) & (iv)
43. Industry mean that part of business activity which is concerned with
(i) Raising
(ii) Production
(iii) Processing
(iv) Fabrication of products
(a) All above
(b) Only (i), (ii) & (iii)
(c) None of the above
(d) Only (ii), (iii) & (iv)
44. The ________ objective of business arises from the expectations of the human beings performing business operations.
(a) Human
(b) National
(c) Social
(d) Organic
45. The ________ was a phenomenon which radically altered the whole system of procedure.
(a) Market Revolution
(b) Product Revolution
(c) Country Revolution
(d) Industrial Revolution
46. The business cycles are also known as
(a) Trade Cycle
(b) Depression Cycles
(c) Prosperity cycles
(d) Waste Cycles
47. The intangible and invisible goods supplied by business concerns which can not be stored by the consumer is known as:
(a) Producers goods
(b) Consumer goods
(c) Services
(d) None of the above
48. It is the duty of every business to satisfy the national needs by
(i) Production according to national priorities
(ii) Development of small entrepreneurs
(iii) Fair deal to employees
(iv) Creation of customers
(a) Only (i) & (ii)
(b) Only (i)
(c) All above
(d) Only (i), (iii) & (iv)
49. Mark following statements as True (T) or False (F):
(i) Planning increases the possibilities of success and reduces the chances of losses.
(ii) To maximize the sale the organization must have scientific production system
(iii) Best marketing system satisfies the needs of organization.
(iv) Innovation means to bring out something new
(i) (ii) (iii) (iv)
(a) T F T T
(b) T F F T
(c) F F T F
(d) T F F T
50. Mark following statements as True or False :
(i) The only objective of business is to earn profit.
(ii) The basic objective of every business is growth and expansion.
(iii) By innovation it is possible to reach maturity and to avoid decline
(iv) To bring innovation is national objective of business.
(i) (ii) (iii) (iv)
(a) T F T F
(b) T T T F
(c) F F T F
(d) T F T T
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