Business and Commerce

✅ The correct answer is A.
Industries are engaged in extracting and supplying products from earth ,air and water is known as Extractive Industries. Any processes that involve the extraction of raw materials from the earth to be used by consumers.

✅ The correct answer is A.
While delegating, a superior delegates only authority. Delegation occurs only when the person delegating the authority himself has that authority i.e. a manager must possess what he wants to delegate.

✅ The correct answer is D.
The computations in a computer are performed by control unit. The control unit (CU) is a component of a computer’s central processing unit (CPU) that directs operation of the processor. It tells the computer’s memory, arithmetic/logic unit and input and output devices how to respond to a program’s instructions.

✅ The correct answer is B.
The financial market for short term funds is known as money market. Money market trades in short-term financial instruments commonly called “paper”. This contrasts with the capital market for longer-term funding, which is supplied by bonds and equity.

✅ The correct answer is B.
Questionnaire method is used for collecting primary data. The questionnaire is the main instrument for collecting data in survey research. Basically, it is a set of standardized questions, often called items, which follow a fixed scheme in order to collect individual data about one or more specific topics. Sometimes questionnaires are confused with interviews.

✅ The correct answer is C.
A partnership firm cannot raise funds through Debentures. A partnership passes through its taxable income (or loss) to its investors, thereby avoiding double taxation and allowing the partnership the option to retain working capital for growth.

✅ The correct answer is A.
The agent of brokers who obtain business for them are remesiers. The remesier, an agent of the broker, is primarily involved in getting business in securities on a commission basis.

✅ The correct answer is A.
Register of member is a statutory book. The statutory books of the company must be maintained and kept at the company’s registered office (or an alternative location notified to Companies House) where they can be inspected.

✅ The correct answer is A.
Contango charge is paid by bull speculator to bear speculator. When the spot price is higher than the futures price, the market is said to be in backwardation. It is often called ‘normal backwardation’ as the futures buyer is rewarded for risk he takes off the producer. If the spot price is lower than the futures price, the market is in contango”.

✅ The correct answer is C.
Strip index system is used when small information is required about customers. Strip indexing is a rarer form of indexing. Visualize a set of small strips on card stock, placed so each is visible. The strip index can hang up on a wall.