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.

103. Economic activities are related to ___________.

Production of wealth
Satisfy ones urge
Undertaking social service
Social service
✅ The correct answer is A.
Economic activities are related to Production of wealth. The primary aim of the economic activity is the production of goods and services with a view to make them available to consumer.

104. __________ Debentures are not redeemable during life time of the company.

Redeemable
Irredeemable
Convertible
Non-convertible
✅ The correct answer is B.
Irredeemable Debentures are not redeemable during life time of the company. Non Redeemable Debentures is a reference to a type of debentures that will continue to remain alive in perpetuity. For this reason, such debentures are also called ‘perpetual’ or ‘Irredeemable’ debentures. The issuing company does not have any liability to redeem such debentures as long as it is a going concern.

106. Which method is suitable for large office?

Pigeon-hole system
Spike filing
Vertical filing
Horizontal filing
✅ The correct answer is D.
Horizontal filing method is suitable for large office. The horizontal filing system is a modern type of filing where the documents or letters are chronologically placed in folders one upon another in a horizontal or flat position.

107. Which type of classification is based on the area of operation?

Alphabetical classification
Numerical classification
Subject wise classification
Geographical classification
✅ The correct answer is D.
Geographical classification is based on the area of operation. A geographic classification code that represents the geographic area and, if applicable, the geographic subarea and populated place.

108. PBX stands for __________.

Private Book Exchange
Private Branch Exchange
Private Block Exchange
Private Business Exchange
✅ The correct answer is B.
PBX stands for Private Branch Exchange, which is a private telephone network used within a company or organization.

109. Fish culture should be classified as __________.

extractive industry
genetic industry
manufacturing industry
construction industry
✅ The correct answer is B.
Fish culture should be classified as genetic industry. Genetic industries are concerned mainly with producing – breeding or multiplying of certain species of plants or animals with the object of earning profits from their sale.
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