PGT (Commerce previous year questions) (HTET) (Part – IV)Total Questions: 10011. Which one of the following is an example of a company incorporated by a special Act of Parliament?A. Life Insurance Corporation of India.B. Indian Oil Corporation.C. State Trading Corporation of India.D. Bharat Heavy Electricals Limited.Correct Answer: A. Life Insurance Corporation of India.12. Match List-I with List-II and select the correct answer using the codes given below the lists:List-IList-III. Contract of uberrimal fidei1. Public utility concernII. Right of eminent domain2. Co-operative societyIII. Statement in lieu of prospectus3. PartnershipIV. System of one man one vote4. Sole trading concern5. Public limited companyCodes: A. I-1, II-3, III-5, IV-4B. I-3, II-1, III-5, IV-2C. I-3, II-2, III-1, IV-4D. I-1, II-2, III-5, IV-3Correct Answer: B. I-3, II-1, III-5, IV-213. Match List-I (activity) with List-II (associated organisation) and select the correct answer by using the codes given below the lists:List-IList-III. Mutual fund1. Stock exchangeII. Public issue of capital2. Assets management companyIII. Forward trading3. Merchant bankingIV. Option pricing4. Foreign marketCodes: A. I-3, II-2, III-4, IV-1B. I-3, II-2, III-1, IV-4C. I-2, II-3, III-1, IV-4D. I-2, II-3, III-4, IV-1Correct Answer: D. I-2, II-3, III-4, IV-114. Integration of various limits of similar character producing similar products or engaged in the same sphere of business activity under a single form of management and control is calledA. vertical combinationB. horizontal combinationC. circular or mixed combinationD. lateral or allied combinationCorrect Answer: B. horizontal combination15. The scope of MRTP Act, since 1992, has been confined only to the regulationA. consumer monopoliesB. monopolistic trade practicesC. restrictive and unfair trade practicesD. restrictive trade practicesCorrect Answer: C. restrictive and unfair trade practices16. EXIM bank can be described as aA. non-banking financial companyB. commercial bankC. non-banking non-financial companyD. schedule bankCorrect Answer: A. non-banking financial company17. Match List-I (document) with List-II (where used) and select the correct answer by using the codes given below the lists:List-IList-III. Shipping bill1. to certify the origin of good’s countryII. Bill of loading2. for having loaded the cargo in the shipIII. Consular invoice3. to transport cargo by shipIV. Packing slip4. to identify the cargo in transitCodes: A. I-2, II-3, III-4, IV-1B. I-2, II-3, III-1, IV-4C. I-3, II-2, III-1, IV-4D. I-3, II-2, III-4, IV-1Correct Answer: B. I-2, II-3, III-1, IV-418. In the context of foreign trade, the CIF cost may be obtained byA. adding freight and marine insurance premium to the FOB priceB. deducting freight and marine insurance premium for the FOB priceC. adding customs duties, freight and marine insurance premium to the costD. deducting customs duties, freight and marine insurance premium from the priceCorrect Answer: C. adding customs duties, freight and marine insurance premium to the cost19. Paid-up value is payable on a life insurance policyA. on the maturity of the policyB. when the policy lapsesC. when the policy is surrenderedD. on maturity or death which ever is earlierCorrect Answer: D. on maturity or death which ever is earlier20. A Co-partner partner is one who isA. an active member of a partnershipB. a member of a joint Hindu family firmC. a member of a joint stock companyD. a member of co-operative societyCorrect Answer: B. a member of a joint Hindu family firmSubmit Quiz« Previous12345678910Next »
