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Objective Questions

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

Subjects : Commerce

Question Bank CUET UG (Commerce) Exam - English
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Commerce

Question 1Single Answer
Companies Act is governed by
  1. A
    RBI
  2. B
    SEBI
  3. C
    Partnership Act
  4. D
    Ministry of Corporate Affairs
Question 2Single Answer
Own shares purchased by a company with a view to reduce its capital is called
  1. A
    sale
  2. B
    Purchase
  3. C
    buy-back
  4. D
    Private placement
Question 3Single Answer
A company in which there is only one member is called
  1. A
    one member company
  2. B
    one person company
  3. C
    single company
  4. D
    Individual company
Question 4Single Answer
Shares which have preferential rights are called
  1. A
    Equity share
  2. B
    Preference share
  3. C
    Debenture
  4. D
    Bond
Question 5Single Answer
Which of the following is the registered capital of the company ?
  1. A
    Nominal capital
  2. B
    Authorised capital
  3. C
    Share capital
  4. D
    Both (a) and (b)
Question 6Single Answer
An efficient control system helps to
  1. A
    Accomplish organisational objectives
  2. B
    Boost employee morale
  3. C
    Judge accuracy of standards
  4. D
    All of the above
Question 7Single Answer
Controlling function of an organisation is
  1. A
    Forward-looking
  2. B
    Backward-looking
  3. C
    Forward as well as backward-looking
  4. D
    None of the above
Question 8Single Answer
Management audit is a technique to keep a check on the performance of
  1. A
    Company
  2. B
    Management of the company
  3. C
    Shareholders
  4. D
    Customers
Question 9Single Answer
Budgetary control requires the preparation of
  1. A
    Training schedule
  2. B
    Budgets
  3. C
    Network diagram
  4. D
    Responsibility centres
Question 10Single Answer
Which of the following is not applicable to responsibility accounting ?
  1. A
    Investment centre
  2. B
    Accounting centre
  3. C
    Profit centre
  4. D
    Cost centre
Question 11Single Answer
Which of the following is related to microeconomics ?
  1. A
    Inflation in the economy
  2. B
    Problem of unemployment
  3. C
    National Income
  4. D
    Income from the railways
Question 12Single Answer
The study of microeconomics and macro economics is.
  1. A
    Independent of each other
  2. B
    Interrelated to each other
  3. C
    Both (a) and (b)
  4. D
    None of these
Question 13Single Answer
Who is the father of economics ?
  1. A
    Karl Marx            
  2. B
    J.M. Keynes
  3. C
    Adam Smith               
  4. D
    Alfred Marshall
Question 14Single Answer
In economics, scarcity refers to a situation when.
  1. A
    Demand for goods exceeds its supply
  2. B
    Supply of goods exceeds its demand
  3. C
    Supply of goods is equal to its demand
  4. D
    Both (a) and (b)
Question 15Single Answer
...... economics states 'what is’ and not 'what should be.
  1. A
    Positive
  2. B
    Normative
  3. C
    Modern
  4. D
    None of these
Question 16Single Answer
A prospective entrepreneur has to find an opportunity which would be suitable for him/her in terms of customers to be served and profits expected. An opportunity may be derived from spotting and analysing the ...... and ...... that exist in the environment.
  1. A
    needs, market conditions
  2. B
    market conditions, needs
  3. C
    needs, problems
  4. D
    market conditions, problems
Question 17Single Answer
An economic idea which can be implemented to create a business enterprise and profit is called
  1. A
    business environment
  2. B
    business opportunity
  3. C
    business problem
  4. D
    product identification
Question 18Single Answer
The process of entrepreneurship which involves the translation of a useful idea into an application is called
  1. A
    incubation
  2. B
    innovation
  3. C
    verification
  4. D
    illumination
Question 19Single Answer
Exploring opportunities in the environment is a process involving various steps. Arrange the steps in correct order.
(i) Evaluating the ideas received from different sources to find a creative solution.
(ii) Identifying a product or service through innovation.
(iii) Opportunity spotting by analysing the needs and problems that exist in the environment.
(iv) Setting up a project and nurturing it to success .
  1. A
    (i) (ii) (iii) (iV)
  2. B
    (iii) (i) (ii) (iv)
  3. C
    (ii) (iii) (iv) (i)
  4. D
    (i) (iv) (iii) (ii)
Question 20Single Answer
Identify the micro-environmental factors from the following.
(i) General public
(ii) Competitors
(iii) Economic
(iv) Intermediaries
(v) Legal
  1. A
    (i), (ii) and (iii)
  2. B
    (ii), (iii) and (iv)
  3. C
    (iii), (iv) and (v)
  4. D
    (i), (ii) and (iv)
Question 21Single Answer
What is the primary purpose of bookkeeping?
  1. A
    To prepare financial statements
  2. B
    To track income and expenses
  3. C
    To calculate taxes
  4. D
    To calculate profits
Question 22Single Answer
Which of the following is a primary document used in bookkeeping?
  1. A
    Profit and loss statement
  2. B
    Balance sheet
  3. C
    Invoice
  4. D
    Tax return
Question 23Single Answer
What is the definition of accounting?
  1. A
    A system for recording financial transactions
  2. B
    A method for calculating taxes
  3. C
    The process of preparing financial statements
  4. D
    All of the above
Question 24Single Answer
Which principle is followed in double-entry bookkeeping?
  1. A
    Every debit has a corresponding credit
  2. B
    Every credit has a corresponding debit
  3. C
    Both debit and credit amounts are equal
  4. D
    Both a and b
Question 25Single Answer
Which of the following is an example of an asset in accounting?
  1. A
    Accounts payable
  2. B
    Inventory
  3. C
    Loan
  4. D
    Shareholder equity
Question 26Single Answer
What was the primary objective of the economic reforms introduced in India in 1991?
  1. A
    To improve public sector performance
  2. B
    To reduce government control and promote private sector growth
  3. C
    To increase taxes
  4. D
    To decrease imports and increase exports
Question 27Single Answer
Which of the following is a key feature of Liberalization in India?
  1. A
    Increase in government control over industries
  2. B
    Reduction in import duties and tariffs
  3. C
    Strict regulation of the private sector
  4. D
    Nationalization of key industries
Question 28Single Answer
Which of the following is a characteristic of Privatization?
  1. A
    Transfer of public sector assets to private entities
  2. B
    Increasing government ownership in key industries
  3. C
    Nationalization of industries
  4. D
    Increase in government control over markets
Question 29Single Answer
What does the concept of Globalization refer to?
  1. A
    Nationalization of industries
  2. B
    Global integration of markets and economies
  3. C
    Increase in the government's control over trade
  4. D
    Isolation of economies from international trade
Question 30Single Answer
Which event triggered the economic reforms of 1991 in India?
  1. A
    Global recession
  2. B
    Gulf War and oil price shocks
  3. C
    Collapse of the Soviet Union
  4. D
    Stock market crash
Question 31Single Answer
Which of the following is NOT a benefit of globalization?
  1. A
    Increased trade and investment
  2. B
    Increased competition in markets
  3. C
    Protectionism of local industries
  4. D
    Greater access to foreign technology
Question 32Single Answer
What is the role of the 'World Trade Organization (WTO)' in globalization?
  1. A
    To regulate national tax policies
  2. B
    To promote international trade and resolve trade disputes
  3. C
    To impose taxes on exports
  4. D
    To manage global financial markets
Question 33Single Answer
Which of the following is the main goal of Liberalization?
  1. A
    To promote government ownership of industries
  2. B
    To reduce state interference and promote private sector activity
  3. C
    To nationalize foreign companies
  4. D
    To increase tariffs on imports
Question 34Single Answer
Which of the following is a feature of economic reforms in India?
  1. A
    High restrictions on foreign direct investment (FDI)
  2. B
    Reduced trade barriers
  3. C
    Increase in government regulation
  4. D
    Nationalization of all industries
Question 35Single Answer
Which policy aimed at reducing government control over the economy is called?
  1. A
    Socialism
  2. B
    Liberalization
  3. C
    Privatization
  4. D
    Nationalization
Question 36Single Answer
What is the primary function of marketing in a business?
  1. A
    To produce goods
  2. B
    To sell products
  3. C
    To create value and build relationships
  4. D
    To manage financial resources
Question 37Single Answer
Which of the following is considered an important aspect of marketing in the economy?
  1. A
    Production management
  2. B
    Distribution of goods
  3. C
    Government regulations
  4. D
    Consumer satisfaction
Question 38Single Answer
What does the term "marketing mix" refer to?
  1. A
    Product, Price, Place, Promotion
  2. B
    Sales, Marketing, Finance, Distribution
  3. C
    Customer, Cost, Communication, Convenience
  4. D
    None of the above
Question 39Single Answer
Which of the following is a modern marketing concept?
  1. A
    Selling Concept
  2. B
    Product Concept
  3. C
    Societal Marketing Concept
  4. D
    Production Concept
Question 40Single Answer
The "Marketing Environment" consists of:
  1. A
    Internal factors only
  2. B
    External factors only
  3. C
    Both internal and external factors
  4. D
    Financial and legal factors
Question 41Single Answer
Which concept focuses on aggressive selling techniques?
  1. A
    Product Concept
  2. B
    Selling Concept
  3. C
    Marketing Concept
  4. D
    Societal Concept
Question 42Single Answer
The "Traditional Marketing Concept" focuses primarily on:
  1. A
    Meeting consumer needs
  2. B
    Product production
  3. C
    Maximizing profits through aggressive selling
  4. D
    Social responsibility
Question 43Single Answer
Marketing creates value by:
  1. A
    Reducing prices
  2. B
    Enhancing product quality
  3. C
    Making products available
  4. D
    All of the above
Question 44Single Answer
The importance of marketing as a business function includes:
  1. A
    Identifying market opportunities
  2. B
    Developing products
  3. C
    Setting prices
  4. D
    All of the above
Question 45Single Answer
A market-oriented approach primarily focuses on:
  1. A
    Producing in large quantities
  2. B
    Customer needs and satisfaction
  3. C
    Improving internal operations
  4. D
    Maximizing profit margins
Question 46Single Answer
Which of the following theories explains inflation as a result of an increase in aggregate demand in the economy?
  1. A
    Cost-Push Inflation
  2. B
    Demand-Pull Inflation
  3. C
    Structural Inflation
  4. D
    Wage-Price Spiral
Question 47Single Answer
In the Philips Curve, what is the relationship between inflation and unemployment?
  1. A
    Positive correlation
  2. B
    Negative correlation
  3. C
    No correlation
  4. D
    None of the above
Question 48Single Answer
Which of the following is a characteristic of inflationary gap?
  1. A
    Unemployment is high
  2. B
    Actual output is greater than potential output
  3. C
    Actual output is less than potential output
  4. D
    Full employment
Question 49Single Answer
Which of the following factors does NOT contribute to demand-pull inflation?
  1. A
    Increase in government spending
  2. B
    Decrease in interest rates
  3. C
    Increase in aggregate demand
  4. D
    Decrease in the cost of production
Question 50Single Answer
According to the Philips Curve, which of the following happens when unemployment is reduced?
  1. A
    Inflation increases
  2. B
    Inflation decreases
  3. C
    Inflation remains unchanged
  4. D
    Unemployment increases
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