Business Studies Multiple Choice Questions and Answers

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

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

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

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

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

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

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

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

5. Consumer cooperative societies are formed to

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

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

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

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

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

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

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

9. Career Planning includes

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

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

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