PGT (Commerce previous year questions) (HTET) (Part – IV)Total Questions: 1001. Which one of the following best supports the theory that the stock exchange is a secondary market? In a stock exchangeA. Securities are bought and sold by way of transferB. An existing holder of securities can dispose of the holding to another invest or who intends to buy themC. No new investment is createdD. Securities are dealt in for dual purposes investment and speculationCorrect Answer: B. An existing holder of securities can dispose of the holding to another invest or who intends to buy them2. Combination of printing and dyeing companies is a type of:A. vertical combinationB. horizontal combinationC. circular combinationD. allied combination.Correct Answer: C. circular combination3. In addition to consumer forums which one of the following looks after the interest of consumers?A. High CourtB. Company Law BoardC. M.R.T.P.D. Bureau of Industrial Costs and PricesCorrect Answer: C. M.R.T.P.4. Which one of the following is not a commercial risk:A. Insolvency of the buyerB. New restrictions placed on import export tradeC. Damage to goods in transitD. Change in the exchange rateCorrect Answer: B. New restrictions placed on import export trade5. The average clause in a fire policy states that the insured can get back.A. only that portion of the actual loss suffered as the sum insured bears to total valueB. the entire amount of the total loss sufferedC. the entire amount of partial loss sufferedD. a fixed percentage of loss sufferedCorrect Answer: A. only that portion of the actual loss suffered as the sum insured bears to total value6. Consider the following statements:The social responsibility of business is to: I. Do a business as per the public policy. II. Obey all the rules and regulations of the Government. III. Make payment of the taxes imposed by the Government. IV. Provide not necessarily adequate but good quality of goods. Of these statements:A. II and III are correctB. I and IV are correctC. I, II and III are correct.D. I, II. III and IV are correct.Correct Answer: D. I, II. III and IV are correct.7. One of the consequences of non-registration of a partnership firm is thatA. a partner cannot sue the other partner to enforce a right arising from a contractB. the partner of such a firm cannot sue third partiesC. third parties cannot sue the firm for claims exceeding ₹ 100D. the official Assignee or Receiver will have no power on the property of the dissolved firmCorrect Answer: B. the partner of such a firm cannot sue third parties8. Consider the following rights:I. Right to take part in the business. II. Right to share profits. III. Right to interest on advances in excess of capital IV. Right to expel a non-cooperative partner Codes:A. I and IIB. II and IVC. I, II and IIID. I, III and IVCorrect Answer: D. I, III and IV9. Steps to be taken in a selling system include:I. Receipt of order II. Processing order III. Shipment of merchandise IV. Accounting for sale The correct chronological sequence of these steps isA. I, IV, III, IIB. I, IV, II, IIIC. I, II, IV, IIID. I, II, III, IVCorrect Answer: D. I, II, III, IV10. Match List-I with List-II and select the correct answer using the codes given below the lists:List-I (Type of combinations)List-II (Illustrations)I. Association1. CartelII. Federation2. Chamber of commerce and industryIII. Partial3. Holding CompanyIV. Complete consolidation4. AmalgamationCodes: A. I-2, II-1, III-3, IV-4B. I-1, II-2, III-3, IV-4C. I-2, II-1, III-4, IV-3D. I-1, II-2, III-4, IV-3Correct Answer: B. I-1, II-2, III-3, IV-4Submit Quiz12345678910Next »
