Business and Commerce mcqs

✅ 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.

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

✅ 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.

✅ The correct answer is B.
Selection of broker is the first procedure for dealing at stock exchange.

✅ 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.

✅ 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.

✅ The correct answer is A.
Typewriter is a machine which process text material on a page when operator strikes keys are arranged on the key boards. A typewriter is a mechanical or electromechanical machine for writing characters similar to those produced by printer’s movable type.

✅ The correct answer is B.
Office location is an important consideration for setting up an office. Various factors should be considered while selecting the location for office. Nature of business, nearness, infrastructure, cost, law etc, are the main factors that affect selection of office location.

✅ The correct answer is A.
Redeemable Debentures are to be redeemed on the expiry of a certain period. Debenture can be redeemed in various ways by a company. It can pay a lump sum on the date of maturity or may pay in annual installments. A company can also purchase it from the open market or convert to an equity share in case of convertible debentures. Innovative ways like call or put option can also be utilized.

✅ The correct answer is A.
A written agreement signed by all partners is called Partnership Deed. Partnership deed should be duly signed by the partners, stamped & registered.