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Objective Questions

Latest Punjab SET Commerce Exam Question (Objective Questions), MCQ in English

Subjects : Commerce

Question Bank Punjab SET Commerce Exam - English
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Commerce

Question 1Single Answer
Which is the most potent driver of business transformation during Covid-19 pandemic ?
  1. A
    Ethical consciousness
  2. B
    Scale economies and pricing power
  3. C
    Technology adoption and innovation
  4. D
    Supply chain logistics and government interventions
Question 2Single Answer
Counter Vailing Duties (CVD) are often imposed on imports to off set the impact of :
  1. A
    Predatory pricing
  2. B
    Export subsidies
  3. C
    Dumping
  4. D
    Low cost financing
Question 3Single Answer
To prevent opportunistic takeover of domestic firms amid Covid-19 pandemic. Foreign Direct Investment (FDI) from countries that share borders with India is allowed through :
  1. A
    Automatic route
  2. B
    Government route
  3. C
    FIPB route
  4. D
    DPIIT route
Question 4Single Answer
Factor conditions in Michael Porter’s competitive advantage National Include :
  1. A
    Market size
  2. B
    Demand conditions
  3. C
    Internationally competitive suppliers
  4. D
    Skilled labour and scientific knowledge
Question 5Single Answer
In case the purchasing company agrees to act as the agent of the vendor for collection of the book debts, in the books of the purchasing company, the amount of debtors should be credited to :
  1. A
    Vendor’s debtors account
  2. B
    Vendor’s suspense account
  3. C
    Debtors account
  4. D
    Creditors account
Question 6Single Answer
When the value of “Investment in subsidiary” in the holding company’s balance sheet in more then the book value of the net assets acquired, the difference represents :
  1. A
    Capital reserve on consolidation
  2. B
    Goodwill on consolidation
  3. C
    Minority interest
  4. D
    Post acquisition profit
Question 7Single Answer
The basic method of valuing human assets is :
  1. A
    Adjustment
  2. B
    Amortization
  3. C
    Capitalization
  4. D
    Quasi equity
Question 8Single Answer
X and Y are partners, sharing profits and losses in the ratio of 4 :3. They admit Z into the partnershipand for 1/5th share. X and Y decide to share the future profits in the ratio of 2 :1. What is the sacrificing ratio of X and Y ?
  1. A
    4 : 3
  2. B
    13 : 8
  3. C
    8 :13
  4. D
    4 :17
Question 9Single Answer
The value of the firm in wealth maximization objective is measured by :
  1. A
    Present value of all expected future cash flows
  2. B
    All expected future cash flows
  3. C
    Percent value of all expected future profits
  4. D
    All expected future profits
Question 10Single Answer
For a decline in price, total revenue declines in the demand of the product is :
  1. A
    Inelastic
  2. B
    Elastic
  3. C
    Unitary elastic
  4. D
    Zero elastics
Question 11Single Answer
In Cobb-Douglas production function, Q=AKαLβ increasing returns to scale occurs when :
  1. A
    α + β > 1
  2. B
    K + L > 1
  3. C
    α + β < 1
  4. D
    K + L < 1
Question 12Single Answer
The extreme case of non-price competition in an Oligopoly is :
  1. A
    Formation of cartels
  2. B
    Interdependent decision-making
  3. C
    Attaining economies of scale
  4. D
    Formation of duopoly
Question 13Single Answer
Pecking order theory in finance is based on the assertion of :
  1. A
    Asymmetric information between managers and investors
  2. B
    Symmetric information between managers and investors
  3. C
    Outside information
  4. D
    Asymmetric information among investors only
Question 14Single Answer
If a project cost is Rs. 40,000. Its stream of earning before depreciation and tax during first year through five years is expected to be Rs. 10,000, Rs. 12,000, Rs. 14,000, Rs. 16,000 and Rs. 20,000. Assume a 50% tax rate and depreciation on straight line basis; project’s ARR is :
  1. A
    14.40%
  2. B
    72%
  3. C
    16%
  4. D
    55.56%
Question 15Single Answer
According to the theory of dividend the firm should follow its investments policy of accepting all positive NPV projects and paying out dividends if and only if, funds are available :
  1. A
    Bird in hand theory
  2. B
    Investor rationality theory
  3. C
    100 percent retention theory
  4. D
    Residual theory
Question 16Single Answer
In Securitisation when no assets are acquired and the collateral is fixed for the life of the asset,the type of a structure is called as :
  1. A
    Revolving structure
  2. B
    Amortized structure
  3. C
    Collateralized structure
  4. D
    Self-liquidating structure
Question 17Single Answer
For a very large sample size the ratio between  and σ is 8 : 40. Determine the sample size 𝓷 :
  1. A
    25
  2. B
    5
  3. C
    4
  4. D
    16
Question 18Single Answer
For a given set of paired data, the correlation and regression coefficients have been calculated as being equal to r,bxy and byx respectively. Now, each of values of x series is divided by 5. What effect does it have on each of these co-efficients ?
  1. A
    The three co - efficients remain unchanged
  2. B
    There is no change in r but by x changes to byx/5and bxy changes to 5bxy
  3. C
    Each of the co-efficients will be reduced to one fourth of its value
  4. D
    There is no change r but byx changes to 5byx and bxy chages to bxy/5
Question 19Single Answer
Which of the following statement is correct ?
  1. A
    Co-efficients of variance 
  2. B
    If value in a series are negative, the standard deviation is also negative
  3. C
    If value in a series multiplied by σ, the variance would be multiplied by 36
  4. D
    Standard deviation is equal to square of variance
Question 20Single Answer
For a poisson distribution variable X, P(X=0) = 2P(X=1), its standard deviation would be :
  1. A
  2. B
    0.5
  3. C
  4. D
    2
Question 21Single Answer
A test that contains a fair sample of the tasks and skills actually needed for the job in question is :
  1. A
    Construct validity
  2. B
    Content validity
  3. C
    Test validity
  4. D
    Criterion validity
Question 22Single Answer
Which among of the following is not a primary determinant of organizational structure ?
  1. A
    Chain and span
  2. B
    Capacity and lower needs
  3. C
    Power and control
  4. D
    Differentiation and integration
Question 23Single Answer
An act in a way that results in the greatest good for the greatest number is :
  1. A
    The golden rule
  2. B
    The utilitarian principle
  3. C
    The four way test
  4. D
    Kant’s categorical imperative
Question 24Single Answer
People repeat behaviors that bring them satisfaction and pleasure and stop those that bring them dissatisfaction or pain is known as :
  1. A
    Law of exercise
  2. B
    Law of redo
  3. C
    Low of effect
  4. D
    Low of readiness
Question 25Single Answer
Which one of the following statements is true about under the Base I Accord, BCBS, fixed the minimum requirement of capital fund for banks at ?
  1. A
    8 percent of the total risk weighted assets
  2. B
    9 percent of the total risk weighted assets
  3. C
    10 percent of the total risk weighted assets
  4. D
    1000 crore
Question 26Single Answer
Which of the following statement is correct relating to Indian Financial System ?
  1. A
    RBI has direct supervision over depositories and mutual funds
  2. B
    Monetary control is exercised through cash reserve ratio and statutory liquidity ratio
  3. C
    Primary dealers mainly deal in shares, mutual fund units
  4. D
    The decrease in statutory liquidity ratio contracts the credit creation
Question 27Single Answer
Which one of the following is not one of the advantages of Derivatives market ?
  1. A
    Leveraging increases risk
  2. B
    They enhance liquidity in the market for underlying assets
  3. C
    They represent a form of insurance against risks
  4. D
    They reduce price volatility
Question 28Single Answer
Which one of the following statements is not true about Indian Money Market ?
  1. A
    Non-Banking Finance Companies (NBFCs) are financial institutions that constitute organized component of money market
  2. B
    Money market mutual funds are allowed to sell units to corporates and individuals
  3. C
    A Well-developed money market is essential for a modern economy
  4. D
    In the Indian Money Market, the predominant place is enjoyed by government and semi-government securities
Question 29Single Answer
Which of the following is not true while determining length of distribution channel ?
  1. A
    The larger the market size, the longer the channel
  2. B
    If the average lot size is large, it is better to have a longer channel
  3. C
    If the product and the market require a high level of service, it is advisable to keep a shorter channel
  4. D
    If customers shop for an assortment of products, it demands for a water channel of distribution
Question 30Single Answer
Which of the following can be categorized as people processing services ?
  1. A
    Health care
  2. B
    Legal services
  3. C
    Education
  4. D
    Transportation
Question 31Single Answer
SBUs or products that have lost their position of leadership and are in the low growth markets, are known as :
  1. A
    Star
  2. B
    Problem child
  3. C
    Dog
  4. D
    Cash cow
Question 32Single Answer
Which of the following is not a valid basis for market segmentation ?
  1. A
    Customer Based Segmentation
  2. B
    Technology Oriented Segmentation
  3. C
    Competition Related Segmentation
  4. D
    Product Related Segmentation
Question 33Single Answer
Which one of the following statements is a promissory note ?
  1. A
    I promise to Q Rs. 7,000, 7 days after my marriage
  2. B
    On demand, I promise to pay B or bearer Rs. 5,000
  3. C
    I promise to pay Rs. 5,000 on C’ death provided C leaves with me enough money to pay that sum
  4. D
    I acknowledge to be indebted to you for Rs. 10,000 to be paid on demand for value received
Question 34Single Answer
A claim for ‘quantum meruit’ cannot succeed :
  1. A
    Where is divisible contract is partly performed
  2. B
    When an indivisible contract for a lumpsum is partly performed
  3. C
    When a contract is discovered to be unenforceable due to some technical defect
  4. D
    In the case of breach of contract, the aggrieved party can claim reasonable compensation for k what he has done under the contract
Question 35Single Answer
The first offence for infringement of copyright can be for a maximum of imprisonment for a term of :
  1. A
    6 months and a fine of Rs. 20,000
  2. B
    3 years and a fine of Rs 50,000
  3. C
    3 years and a fine of Rs 2,00,000
  4. D
    1 year and a fine of Rs 3,00,000
Question 36Single Answer
Which one of the following conditions does not constitute a valid agency by necessity ?
  1. A
    There should be have been actual and definite commercial necessity for the agent to act promptly
  2. B
    The agent should have acted bonafide and for benefit of the principle
  3. C
    The agent should have adopted the most reasonable and practicable course under the circumstances
  4. D
    Destruction of the subject matter of the contract of agency
Question 37Single Answer
If assessee is engaged in the business of growing and manufacturing tea in India, the non-agricultural income in that case be :
  1. A
    40% the income from such business
  2. B
    25% the income from such business
  3. C
    60% the income from such business
  4. D
    75% the income from such business
Question 38Single Answer
AMT provisions are applicable on :
  1. A
    Corporate assessee
  2. B
    Non Corporate assessee
  3. C
    HUF
  4. D
    An Individual
Question 39Single Answer
X, an employee of the private company, gets Rs. 30,000 p.m. as basic salary and entitled to Rs. 1,500 p.m. as entertainment allowance. What are the deductions u ∕ s 16 (ii) for gross salary in respect of entertainment allowance ?
  1. A
    Rs. 5,000
  2. B
    Rs. 18,000
  3. C
    Rs. 72,000
  4. D
    Nil
Question 40Single Answer
Which of the following provident fund is approved by the provident fund commissioner ?
  1. A
    Statutory provident fund
  2. B
    Recognized provident fund
  3. C
    Unrecognised provident fund
  4. D
    Public provident fund
Question 41Single Answer
Which of the following institutions are included in the ‘World Bank Group’ ?
(a) International Finance Corporation
(b) International monetary Fund
(c) World Trade Organization
(d) Multilateral Investment Guarantee Agency
(e) International Development Association
Choose the correct answer from the options given below :
  1. A
    (a), (b) and (c) only
  2. B
    (a), (b) and (d) only
  3. C
    (a), (b), (d) and (e) only
  4. D
    (a), (d) and (e) only
Question 42Single Answer
Corporate socialresponsibility is the continuing commitment by business to behave ethically and contribute to :
(a) Political awareness, social security and inclusion.
(b) Public health, education and literacy.
(c) Maintaining ecological balances and protecting environment.
(d) Gender diversity, profiteering and market controlling.
(e) Rendering, Sponsoring and donating to social and charitable activities.
Choose the correct answer from the options given below :
  1. A
    (a), (b) and (d) only
  2. B
    (b), (c) and (e) only
  3. C
    (c), (d) and (e) only
  4. D
    (a), (b) and (c) only
Question 43Single Answer
Firm characteristics that help managers identify core compentencies include :
(a) Potential access to wide variety of markets
(b) Significantly contribute to the perceived customer benefits
(c) Value accretive and noncompetitive
(d) Distinctive and difficult for competitors to imitate
Choose the correct answer from the options given below :
  1. A
    (a), (b) and (c) only
  2. B
    (b), (c) and (d) only
  3. C
    (a), (b) and (d) only
  4. D
    (a), (c) and (d) only
Question 44Single Answer
Which of the following distinction (s) is/are not correct between public issue and rights issue ?
(a) In public issue, applications for shares are invited from the general public and in rights issue, the shares are offered to existing shareholders.
(b) In public issue there is no question of any over-subscription and in rights issue the shares may be under subscribed or over subscribed leading to prorata allotment.
(c) The price of public issue is generally less than the market price and in rights issue, the price is deliberately made less than the market price.
(d) In a pubic issue, the communication of the issue is through prospects or advertisements and in rights issue the communication is between the company and the existing members of the company.
Choose the correct answer from the options given below :
  1. A
    (b) only
  2. B
    (d) only
  3. C
    (a) and (c) only
  4. D
    (c) and (d) only
Question 45Single Answer
According to AS-2, Which of the following costs should be included in valuing the inventories of a manufacturing company ?
(a) Freight and insurance
(b) Carriage outwards
(c) Depreciation of factory plant
(d) General administrative overheads
Choose the correct answer from the options given below :
  1. A
    (a) and (d) only
  2. B
    (a), (b) and (d) only
  3. C
    (b) and (c) only
  4. D
    (a) and (c) only
Question 46Single Answer
Which of the following rules stands true while preparing schedule of changes in working capital ?
(a) An increase in current assets increases working capital.
(b) An increase in current assets decreases working capital.
(c) An increase in current liabilities decreases working capital.
(d) An increase in current liabilities increases working capital.
Choose the most appropriate answer from the options given below :
  1. A
    (a) and (c) only
  2. B
    (a) and (d) only
  3. C
    (b) and (d) only
  4. D
    (a),(b) and (c) only
Question 47Single Answer
Characteristics constituting the core of consumers rationality includes :
(a) Homogeneous expectations
(b) Non-satiation (c) Selfish motive
(d) Clarity of preferences
(e) Possession of information
Choose the correct answer from the options given below :
  1. A
    (a), (b) and (c) only
  2. B
    (b), (c) and (d) only
  3. C
    (a), (b), (c) and (d) only
  4. D
    (b), (c), (d) and (e) only
Question 48Single Answer
Why is an indifference curve convex to the origin ?
(a) Indifference curve slope downward to the right.
(b) Two commodities are imperfect substitutes.
(c) Declining marginal rate of substitution between commodities.
(d) Diminishing marginal utilities.
Choose the correct answer from the options given below :
  1. A
    (a) and (b) only
  2. B
    (b) and (c) only
  3. C
    (c) and (d) only
  4. D
    (a) and (d) only
Question 49Single Answer
Financial crises takes the form of :
(a) Currency crisis
(b) Banking crisis
(c) Systematic financial crisis
(d) Foreign debt crisis
Choose the correct answer from the options given below :
  1. A
    (a), (b), (c) only
  2. B
    (a), (b), (d) only
  3. C
    (b), (c), (d) only
  4. D
    (a), (b), (c), (d) only
Question 50Single Answer
Following are the problems that mar an optimal international diversification :
(a) Unfavourable exchange rate movements
(b) Frictions in international markets
(c) Manipulation of security prices
(d) Unequal access to information
Choose the most appropriate answer from the options given below :
  1. A
    (a), (b), (c) only
  2. B
    (b), (c), (d) only
  3. C
    (a), (c), (d) only
  4. D
    (a), (b), (c), (d) only
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