DAPZOI
Home Ask MCQ Quiz Topics Login


Business Studies MCQ Questions & Answers

Business Studies MCQs : This section focuses on the "Business Studies". These Multiple Choice Questions (MCQs) should be practiced to improve the Business Studies skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.




Question 1

Which option is not a business activity?

A. Production of goods
B. Transportation
C. Exchange of goods
D. Work in a factory for wages

View Answer

Question 2

Out of four points which is not an economic activity?

A. Production
B. Social service
C. Professional
D. Trading in goods

View Answer

Question 3

Which of the following statements highlights that management is a group activity?

A. Organisation is a collection of diverse individuals with different needs
B. Achievement of common goal requires teamwork and co-ordination of efforts in a common direction
C. Each member of the organisation may have different individual goals but they must travel together towards common goals
D. All of the above

View Answer

Question 4

Management is equally important to run a political organisation as it is to run an economic organisation. Which feature of management is being reflected in the given statement?

A. Management is goal oriented
B. Management is multidimensional
C. Management is all pervasive
D. Management is a group activity

View Answer

Question 5

Minimum number of members to form a private company is

A. 2
B. 3
C. 5
D. 7

View Answer

Question 6

The industries which provide support services to other industries are known as

A. Primary industries
B. Secondary industries
C. Commercial industries
D. Tertiary industries

View Answer

Question 7

Which of the following is the characteristic of a business?

A. Production
B. Exchange or sale
C. Risk element
D. All the above

View Answer

Question 8

Which of the following is not a management function

A. Planning
B. Staffing
C. Cooperating
D. Controlling

View Answer

Question 9

In business, why it is essential to make a profit?

A. It provides a return to investors.
B. It provides funds for future extension
C. It increases the reputation of a company
D. All the above

View Answer

Question 10

Identify the activity which does not support trade?

A. Banking
B. Warehousing
C. Insurance
D. Mining

View Answer

Question 11

Which of the element is not a part of the communication process?

A. Decoding
B. Communication
C. Channel
D. Receiver.

View Answer

Question 12

What is Centralisation?

A. Retention of decision-making authority
B. Dispersal of decision-making authority
C. Creating division as a profit centre
D. Opening the new centre of braches

View Answer

Question 13

Name the process that converts a message into communication symbols

A. Media
B. Encoding
C. Feedback
D. Decoding

View Answer

Question 14

Policy formulation is a task of?

A. Top-level managers
B. Middle-level managers
C. Operational management
D. All of the above

View Answer

Question 15

Minimum number of members to form a public company is

A. 5
B. 7
C. 12
D. 21

View Answer

Question 16

In which occupation people get salary or wages in return for their word?

A. Employment
B. Business
C. Profession
D. None of the above

View Answer

Question 17

In which business, the support service activities are categorized?

A. Commercial industries
B. Primary industries
C. Secondary industries
D. Tertiary industries

View Answer

Question 18

Corporate social responsibility that extends beyond legal mandates can help meet societal expectations in the absence of

A. Statutory devices
B. Social tool
C. Cost tool and Techniques
D. Science tool

View Answer

Question 19

Policy formulation comes under which role?

A. Top-level managers
B. Middle-level managers
C. Operational management
D. All of the above

View Answer

Question 20

What is Centralization?

A. Retention of decision-making authority
B. Dispersal of decision-making authority
C. Creating division as a profit centre
D. Opening the new center of branches

View Answer

Question 21

Management is said to be poor if it is

A. Efficient but ineffective
B. Effective but inefficient
C. Both inefficient and ineffective
D. None of the above

View Answer

Question 22

The certificate of capital will be issued by

A. Registrar of companies Act
B. Controller of companies Act
C. Registrar of capital issues
D. Controller of capital issues

View Answer

Question 23

Transfer of interest exists in the case of

A. Profession
B. employment
C. business
D. none of these

View Answer

Question 24

To have an effective delegation is important to have a responsibility along with?

A. Authority
B. Manpower
C. Incentives
D. Promotion

View Answer

Question 25

Which item does not cause any business risk?

A. Breakdown of machinery
B. Efficient management
C. Riot
D. Changing government policy

View Answer

Question 26

Grouping of activities on the basis product lines is a part of

A. Delegated organization
B. Divisional organization
C. Functional organization
D. Autonomous organization

View Answer

Question 27

Oil refinery and sugar mill are classified under which industries?

A. Primary
B. Secondary
C. Tertiary
D. None of the above

View Answer

Question 28

Which of the following is a false statement?

A. The scope of commerce is narrower than business.
B. Commerce includes trade and auxiliaries to trade.
C. Foreign trade is purchase and sale by the traders of the same country.
D. Traders serve as a link between producers and consumers.

View Answer

Question 29

Management is defined as?

A. An art
B. A science
C. Both art and science
D. None of the above

View Answer

Question 30

Which of the below-mentioned item does not follow the scalar chain?

A. Functional structure
B. Divisional structure
C. Formal organization
D. Informal organization

View Answer