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.
Motivation
Co ordination
Co-operation
Control
✅ The correct answer is A.
Motivation is a force to drive a person to action. Motivation is the ultimate force that causes you to take action. Not only does it initiate and drive goal-oriented behaviour, but it also sustains it.
Manidiwala
Tejiwala
Tarawaniwalas
Vaniwala
✅ The correct answer is A.
A bear speculator is also called as Manidiwala. A Bull is a stock market speculator who buys a holding in a stock in the expectation that in the very short-term it will rise in value whereupon they will sell the stock to make a quick profit on the transaction.
Limited
Unlimited
Joint liability
Separate liability
✅ The correct answer is B.
The liability of partners in a firm is Unlimited. Unlimited liability refers to the legal obligations general partners and sole proprietors because they are liable for all business debts if the business can’t pay its liabilities.
Commercial banks
Trade credit
Installment credit
Advances
✅ The correct answer is A.
Commercial banks are the most important source of short term capital. The major portion of working capital loans are provided by commercial banks.
Entrepot trade
Import trade
Export trade
wholesale trade
✅ The correct answer is A.
Importing goods for the purpose of re-export is termed as Entrepot trade. If goods are imported from one country with the purpose of re- exporting to another, it is called Entrepot trade.
Promoter
Registered shareholder
Director
Broker
✅ The correct answer is B.
A member of a company is Registered shareholder. A shareholder is a person who buys and holds shares in a company having a share capital. They become a member once their name is entered on the register of members.
size
profit
sales
Demand
✅ The correct answer is A.
Nature of the product is the vital factor,which influences the size of the units.
Pigeon hole system
Spike files
Box files
Vertical filing
✅ The correct answer is D.
Vertical filing methods are recommend for a large size undertaking. Vertical filing indicates the vertical position of the files. The files are kept in a standing position under this method. Vertical filing method is developed to overcome the difficulties of horizontal filing.
10 members
7 members
9 members
8 members
✅ The correct answer is C.
In order to control private sector insurance companies, the Government of India passed the IRDA Act (Insurance Regulatory and Development Authority Act, 1999) which enabled it to regulate the private sector companies in insurance business.
One chairperson and not more than 9 members of whom not more than 5 would be full time members and they are appointed by the government. Those who have experience in life and general insurance, actuarial service, finance, economics etc., are appointed.
fifteen
sixteen
twenty one
twenty three
✅ The correct answer is D.
As of now there are 23 SEBI approved Stock Exchanges in the country. Stock market is managed and regulated by the Securities and Exchange Board of India (SEBI). Indian stock exchanges may refer to the 18 official stock exchanges located in India, the largest of which are the NSE and BSE.