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Objective Questions

Latest CUET PG Commerce Exam Question (Objective Questions), MCQ in English

Subjects : Commerce

Question Bank CUET PG Commerce (COQP08) Exam - English
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Commerce

Question 1Single Answer
The primary function of money is:
  1. A
    Medium of exchange
  2. B
    Store of value
  3. C
    Unit of account
  4. D
    All of the above
Question 2Single Answer
Which of the following is NOT a characteristic of money?
  1. A
    Durability
  2. B
    Portability
  3. C
    Divisibility
  4. D
    Flexibility
Question 3Single Answer
The value of money is primarily determined by:
  1. A
    The government issuing the money
  2. B
    The quantity of money in circulation
  3. C
    The faith and confidence of the people in the money
  4. D
    The cost of producing money
Question 4Single Answer
What is the primary focus of microeconomics?
  1. A
    National income
  2. B
    Individual units and markets
  3. C
    Government policies
  4. D
    Economic growth
Question 5Single Answer
Who is considered the father of economics?
  1. A
    Adam Smith
  2. B
    Alfred Marshall
  3. C
    Lionel Robbins
  4. D
    John Maynard Keynes
Question 6Single Answer
Microeconomics is concerned with which of the following?
  1. A
    Aggregate demand and supply
  2. B
    Behavior of individual consumers and firms
  3. C
    Monetary policies
  4. D
    Fiscal policies
Question 7Single Answer
Which of the following is an example of a microeconomic issue?
  1. A
    Inflation rates
  2. B
    Consumer preferences for a product
  3. C
    Unemployment rate
  4. D
    National income accounting
Question 8Single Answer
Which of the following is NOT a function of management?
  1. A
    Planning
  2. B
    Organizing
  3. C
    Leading
  4. D
    Marketing
Question 9Single Answer
What is the primary goal of management?
  1. A
    To maximize profits
  2. B
    To satisfy customer needs
  3. C
    To achieve organizational goals efficiently and effectively
  4. D
    To grow the organization
Question 10Single Answer
What is the process of setting goals and objectives and determining how to achieve them?
  1. A
    Organizing
  2. B
    Leading
  3. C
    Controlling
  4. D
    Planning
Question 11Single Answer
Who is considered the father of scientific management?
  1. A
    Henri Fayol
  2. B
    Frederick Taylor
  3. C
    Max Weber
  4. D
    Elton Mayo
Question 12Single Answer
What is the primary function of an office?
  1. A
    Making profits
  2. B
    Processing and recording information
  3. C
    Managing supply chains
  4. D
    Manufacturing goods
Question 13Single Answer
Which of the following best defines an office?
  1. A
    A place for storing goods
  2. B
    A place where administrative work is carried out
  3. C
    A production facility
  4. D
    A retail outlet
Question 14Single Answer
The importance of an office lies in:
  1. A
    Managing external marketing activities
  2. B
    Planning, organizing, and coordinating organizational activities
  3. C
    Producing raw materials
  4. D
    Selling products directly to customers
Question 15Single Answer
What is the primary purpose of accounting?
  1. A
    To calculate profits
  2. B
    To record financial transactions
  3. C
    To prepare financial statements
  4. D
    To calculate taxes
Question 16Single Answer
Which of the following is NOT a branch of accounting?
  1. A
    Financial accounting
  2. B
    Cost accounting
  3. C
    Management accounting
  4. D
    Taxation accounting
Question 17Single Answer
Which of the following is an international accounting standard-setting body?
  1. A
    IASC
  2. B
    ICAI
  3. C
    IASB
  4. D
    SEBI
Question 18Single Answer
What is the full form of IAS in accounting?
  1. A
    International Accounting Standards
  2. B
    Internal Accounting Standards
  3. C
    International Audit Standards
  4. D
    Indian Accounting Standards
Question 19Single Answer
What is a monopolistic combination?
  1. A
    A type of monopoly where multiple firms collaborate to control the market
  2. B
    A merger of two or more firms in unrelated industries
  3. C
    A situation where one firm controls the entire market
  4. D
    A legal partnership between two firms
Question 20Single Answer
Which of the following is a key feature of a monopolistic combination?
  1. A
    High competition
  2. B
    Market dominance by a few firms
  3. C
    Free entry of new firms
  4. D
    Consumer benefits due to price competition
Question 21Single Answer
In a monopolistic combination, the participating firms
  1. A
    Compete on prices
  2. B
    Cooperate to increase profits
  3. C
    Always focus on reducing costs
  4. D
    Form independent organizations
Question 22Single Answer
What is the primary objective of statistics?
  1. A
    To present data in graphical form
  2. B
    To summarize and analyze data for decision-making
  3. C
    To calculate probability
  4. D
    To collect raw data
Question 23Single Answer
Which of the following is NOT a characteristic of statistics?
  1. A
    Collection of data
  2. B
    Analysis of data
  3. C
    Unbiased interpretation of data
  4. D
    Only theoretical application
Question 24Single Answer
The Law of Statistical Regularity suggests that:
  1. A
    Data from large populations are always accurate
  2. B
    A small sample will always be accurate
  3. C
    The distribution of the sample data will reflect the population data under certain conditions
  4. D
    Only the median of a data set can be used for analysis
Question 25Single Answer
What is the primary objective of public finance?
  1. A
    To manage government debt
  2. B
    To regulate private sector finance
  3. C
    To determine the allocation of resources for public goods
  4. D
    To increase government revenue
Question 26Single Answer
Which of the following is an example of public finance?
  1. A
    Private sector investment
  2. B
    Government spending on health care
  3. C
    Corporate tax planning
  4. D
    Stock market investments
Question 27Single Answer
What is the main difference between public finance and private finance?
  1. A
    Public finance is concerned with government activities, while private finance deals with individual or corporate finance
  2. B
    Private finance involves taxes, while public finance involves spending
  3. C
    Public finance is more concerned with profit-making than private finance
  4. D
    There is no difference between the two
Question 28Single Answer
Which of the following is NOT an essential element of a valid contract under the Indian Contract Act, 1872?
  1. A
    Offer
  2. B
    Acceptance
  3. C
    Registration
  4. D
    Consideration
Question 29Single Answer
According to Section 2(h) of the Indian Contract Act, 1872, a contract is an agreement enforceable by law. What is the term used for an agreement not enforceable by law?
  1. A
    Void Agreement
  2. B
    Voidable Contract
  3. C
    Bilateral Contract
  4. D
    Executed Contract
Question 30Single Answer
A contract is formed when the offer is accepted. What term is used to describe the acceptance of an offer?
  1. A
    Consideration
  2. B
    Promise
  3. C
    Proposal
  4. D
    Consent
Question 31Single Answer
What is the primary purpose of cost accounting?
  1. A
    To calculate the profit of an organization
  2. B
    To determine the cost of goods sold
  3. C
    To determine and control the cost of production
  4. D
    To assess the market value of a product
Question 32Single Answer
Which of the following is NOT an element of cost?
  1. A
    Direct materials
  2. B
    Direct labor
  3. C
    Administrative expenses
  4. D
    Factory rent
Question 33Single Answer
A 'cost unit' refers to:
  1. A
    A group of cost centers
  2. B
    A unit of product or service to which costs are assigned
  3. C
    A method of allocating indirect costs
  4. D
    A method of pricing products
Question 34Single Answer
What is the definition of a company under the Companies Act, 2013?
  1. A
    A body corporate formed under a partnership agreement.
  2. B
    A legal entity formed by two or more persons to carry out business.
  3. C
    A company incorporated under the laws of a foreign country.
  4. D
    A business entity recognized by the government.
Question 35Single Answer
Which of the following is a type of company classification?
  1. A
    Private company
  2. B
    Public company
  3. C
    Limited liability partnership (LLP)
  4. D
    All of the above
Question 36Single Answer
What is the first step in the process of company incorporation?
  1. A
    Filing the Memorandum of Association
  2. B
    Appointment of directors
  3. C
    Name approval from the Registrar of Companies (RoC)
  4. D
    Drafting Articles of Association
Question 37Single Answer
Which of the following best describes the concept of selling?
  1. A
    Delivering goods to customers
  2. B
    Persuading customers to purchase a product
  3. C
    Advertising products online
  4. D
    Designing promotional campaigns
Question 38Single Answer
What is the primary role of selling in marketing?
  1. A
    Market research
  2. B
    Product design
  3. C
    Converting potential customers into actual buyers
  4. D
    Branding strategies
Question 39Single Answer
Selling emphasizes:
  1. A
    Product quality
  2. B
    After-sales service
  3. C
    Customer satisfaction
  4. D
    All of the above
Question 40Single Answer
The process of finding the original function given its derivative is called:
  1. A
    Differentiation
  2. B
    Integration
  3. C
    Limits
  4. D
    Optimization
Question 41Single Answer
If f(x) = 4x³ - 9x² + 6x, find the points of inflection:
  1. A
    x = 1/2
  2. B
    x = 1
  3. C
    x = 3/4
  4. D
    x = 1/2 and x = 1
Question 42Single Answer
Find the partial derivative ∂²f/∂y² if f(x, y) = x²y³ + e^(xy) :
  1. A
    6x²y + x²e^(xy)
  2. B
    3x²y² + xe^(xy)
  3. C
    6x²y + x³e^(xy)
  4. D
    3y² + e^(xy)
Question 43Single Answer
The primary purpose of insurance is to:
  1. A
    Generate profit for insurance companies
  2. B
    Transfer risk from an individual or entity to an insurer
  3. C
    Prevent losses from occurring
  4. D
    Invest money in the stock market
Question 44Single Answer
Insurance addresses the need for:
  1. A
    Certainty
  2. B
    Security against financial loss
  3. C
    Guaranteed investment returns
  4. D
    Avoiding all risks
Question 45Single Answer
Insurance helps individuals and businesses to:
  1. A
    Eliminate all risks
  2. B
    Manage and mitigate risks
  3. C
    Increase risks
  4. D
    Ignore risks
Question 46Single Answer
What is the primary objective of auditing?
  1. A
    To detect fraud
  2. B
    To check the profitability of the business
  3. C
    To express an opinion on financial statements
  4. D
    To prepare financial statements
Question 47Single Answer
What does "auditing" primarily involve?
  1. A
    Bookkeeping
  2. B
    Examining financial records
  3. C
    Preparing trial balances
  4. D
    Managing inventory
Question 48Single Answer
Which of the following is a secondary objective of auditing?
  1. A
    Verification of accounts
  2. B
    Detection of errors and frauds
  3. C
    Expressing an opinion on true and fair view
  4. D
    Ensuring compliance with laws
Question 49Single Answer
Which of the following is defined as "Income" under Income Tax Act?
  1. A
    Any amount received by an individual
  2. B
    Income from any source derived during the year
  3. C
    Only salary income
  4. D
    Only agricultural income
Question 50Single Answer
Which of the following is considered as Agricultural Income?
  1. A
    Income from a dairy farm
  2. B
    Rent from agricultural land
  3. C
    Income from sale of seeds
  4. D
    Income from the sale of machinery used for agriculture
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