Business Studies MCQ Questions and Answers for Practice

1. Minimum number of member in a pulbic limited company is

1. 2
2. 50
3. 7
4. 10

2. Which one of the following is not the characteristics of Joint Hindu Family Business?

1. Unlimited liability of Karta
2. Unaffected by death
3. Youngest member of family is Karta
4. Membership by birth

3. While selecting a line in business, and entrepreneur must keep in his mind?

1. Risk Involved
2. Profits
3. All above
4. Profitability

4. Consumer cooperative societies are formed to

1. Facilitate marketing of goods
2. Protect the interest of the consumers
3. Provide financial support to the members
4. Provide housing facilities to the members

5. A perspective buyer wants to know the details of goods from vendor. Which type of letter will he write?

1. Business Enquiry letter
2. Order letter
3. Complaint letter
4. Quotation letter

6. Under which right a consumer can get the defective goods replaced or money refunded by the seller?

1. Right to seek redressal
2. Right to choose
3. Right to be heared
4. Right to safety

7. In which method of sales payment of purchase price is made in installments?

1. Hire Purchase basis
2. Auction sales
3. Wash sales
4. Sales through tender

8. Career Planning includes

1. Thinking suitably about positive and negative aspect of a career
2. Joining a job
3. Making adjustments with the career
4. Starting a own business

9. Which of the following is an example of Special Banks?

1. Export Import Banks of India
2. Development Banks
3. Central Banks
4. State Cooperative Banks

10. Which of the following is not a function of warehouses?

1. Risk Bearing
2. Advertising
3. Grading and Branding
4. Storage of goods