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.

161. Memory unit performs the function of ___________.

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calculations at a very high speed
giving out the end product
controlling at the operating units
storing the data
✅ The correct answer is D.
Memory unit performs the function of storing the data. This unit can store instructions, data, and intermediate results. This unit supplies information to other units of the computer when needed. It is also known as internal storage unit or the main memory or the primary storage or Random Access Memory (RAM).

164. Which type of classification is based on date and time order?

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Alphabetical classification
Numerical classification
Subject wise classification
Chronological classification
✅ The correct answer is D.
Chronological classification is based on date and time order. Chronological order is listing, describing, or discussing when events happened as they relate to time.

165. Which shareholders are the real owners of the company?

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Equity shareholders
Preference shareholders
Deferred shareholders
Convertible preference shareholders
✅ The correct answer is A.
Equity shareholders are the real owners of the company. 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.

167. IRDA refers to_________.

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Insurance Regulatory Development Authority
Indian Regulatory Development Authority
Institute of Regulatory Development Authority
Insurance Regulatory Development Association
✅ The correct answer is A.
IRDA refers to Insurance Regulatory Development Authority. The Insurance Regulatory and Development Authority (IRDA) was constituted to regulate and develop the insurance industry and was incorporated in April 2000.

168. One-man-one-vote – is the principle adopted by ________.

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Partnership
Joint Stock Companies
Co-operative Societies
Sole proprietorship
✅ The correct answer is C.
One-man-one-vote – is the principle adopted by Co-operative Societies. A cooperative society is formally used by people with limited means. The principle of one man one vote discourages members to invest large amounts in the society.