Business and Commerce
Enhance your knowledge of Business and Commerce with a wide range of MCQs with answers and detailed explanations. Topics include business management, commerce, trade, economics, marketing, finance, entrepreneurship, and organizational behavior. These multiple-choice questions are designed for students, teachers, and candidates preparing for competitive exams (CSS, PMS, NTS, FPSC, PPSC, UPSC, MBA entry tests, etc.). Each MCQ is followed by a clear explanation to help you understand concepts deeply, improve analytical skills, and achieve success in exams. Ideal for practice, self-study, and revision in the field of Business and Commerce.
A) electrical photography
B) blue printing
C) fixing stamps
D) printing address
✅ ANSWER: B
Xerography is a process of blue printing. Xerography is standard copy machine technology using toner on bond paper. When large size xerography machines became available, c. 1975, they replaced the older printing methods.
A) functional
B) product
C) stationary
D) combined
✅ ANSWER: B
In case of product layout, production is carried on in special purpose machine. Since machines are arranged based on the sequence of operations, mechanized equipment such as conveyor belts can be used for transporting materials. This results in significant saving of time.
A) Vowel
B) Abound
C) Loose leaf book
D) Card
✅ ANSWER: B
Book index is also called as Abound index. A book index is simply a key to locating information contained in a book. It is also known as back-of-the-book index, as it is mostly found at the end of the book. The words of the Index are sorted Alphabetically.
A) Burglary insurance
B) Fidelity insurance
C) third party insurance
D) medical insurance
✅ ANSWER: B
Guarantee for employer for the loss out of employee’s dishonest is Fidelity insurance. A Fidelity Insurance policy covers losses sustained by the employer as a result of an act of forgery, fraud or dishonesty from an employee.
A) Consumers
B) Producers
C) Marketing
D) Housing
✅ ANSWER: A
The Consumers co-operative societies are started to help lower and middle class people. These societies protect the weaker sections from exploitation by profit hungry businessmen. The society makes bulk purchases directly from the producers and sells these goods to the members on retail basis.
A) Blackstone society
B) Rochdale Society of Equitable Pioneers
C) Common Purpose Society
D) Mutual Help Society of Pioneers
✅ ANSWER: B
Rochdale Society of Equitable Pioneers were the pioneers of the co-operative movement.
A) Complex
B) Medium
C) Large
D) Small
✅ ANSWER: C
Large scale firms enjoy economies of scale. A firm’s efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale.
A) average
B) ideal
C) bad
D) good
✅ ANSWER: A
A representative firm works under average conditions. Representative firm must be one which has had a fairly long life, and fair success, which is managed with normal ability, and which has normal access to the economies, external and internal, which belong to that aggregate volume of production; account being taken of the class of goods produced, the conditions of marketing them and the economic environment generally.
equity shareholders
preference shareholders
debenture holders
share holders
✅ The correct answer is A.
Control of management of the company mainly vests in equity shareholders. Equity shares represent the ownership of a company and capital raised by the issue of such shares is known as ownership capital or owner’s funds. They are the foundation for the creation of a company.
bear
bull
stag
lame duck
✅ The correct answer is A.
A speculator who expects prices to fall in future and sell securities is called as bear.