Business and Commerce mcqs

✅ The correct answer is B.
In Bound book method of filing, all the letters and documents are passed in the book in chorological order. Whenever papers are to be filed, they are pasted on leaves of books in a chronological order. Small papers of varying sizes are filled in the bound book.

✅ The correct answer is C.
When an existing company offers its shares for sale to the existing shareholders, it is known as rights issue. A rights issue is a way by which a listed company can raise additional capital. However, instead of going to the public, the company gives its existing shareholders the right to subscribe to newly issued shares in proportion to their existing holdings.

✅ The correct answer is C.
If a general manager asks the sales manager to recruit some salesman on his behalf, it is an instance of Delegation of authority. Delegation of authority can be defined as subdivision and sub-allocation of powers to the subordinates in order to achieve effective results.

✅ The correct answer is C.
Numerical classificatio is based on numerical order. An assessment of the relative contribution of the intangible items to the aggregate intangible value based on a managerial point of view of the strategic choices, goals and positions of the firm.

✅ The correct answer is A.
Exchange means a place for purchasing and selling something.

✅ The correct answer is B.
Registration of a partnership is voluntary. In India, there is no need to register a partnership deed. This is the short answer, as specified under part VII of the Indian Partnership Act, 1932.

✅ The correct answer is B.
Shares traded through stock exchanges are called secondary market. This is the market wherein the trading of securities is done. Secondary market consists of both equity as well as debt markets.

✅ The correct answer is A.
Secured debentures are also called as Mortgaged debentures. These debentures have some asset of the company as collateral security. Since the applicant’s investment is protected against the asset of the company, it is called as a secured debenture.

✅ 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.

✅ The correct answer is A.
A speculator who expects prices to fall in future and sell securities is called as bear.