CUET 2024 MCQ Quiz on Business Awareness

CUET 2024 MCQ Quiz on Business Awareness – Objective Question Answers on Business Awareness

Business Awareness MCQ – Get MCQ Question on Business Awareness. General Knowledge Business Awareness MCQ Questions are asked in various Competitive exam in their General Knowledge section. Here we have compiled Business Awareness MCQ questions and answers for students who are planning to appear for Competitive/ entrance examination. Practice GK Quiz on Business Awareness

1. Other things equal an improvement in productivity will

a.increase the equilibrium price level

b.shift the aggregate supply curve to the right

c.shift the aggregate supply curve to the left

d.shift the aggregate demand curve to the left

2. Which Payments Bank becoming the first bank to offer cash backs on deposits ?

a.Aditya Birla Payments Bank

b.Paytm Payments Bank

c.Airtel Payments Bank

d.Postal Payments Bank

3. Which of the following is NOT a credit rating agency in India?

a.ICRA

b.CRISIL

c.RBI

d.CARE

4. A business organized as a corporation

a.Requires that stockholders be personally liable for the debts of the business

b.Is owned by its stockholders

c.Is not a separate legal entity in most states

d.Has tax advantages over a proprietorship or partnership

5. Debts owed by a business are referred to as

a.Liabilities

b.Owner's Equity

c.Account receivables

d.Credits

6. Ratio analysis can be useful for

a.Evaluate financial performance of a company

b.To improve profits of a company

c.None of the above

d.Evaluate sales

7. A raise in the price of a product causes

a.an increase in demand

b.a decrease in competition

c.a decrease in supply

d.an increase in competition

8. The rate of interest on which commercial banks borrow money from RBI to meet their short term credit needs is known as:

a.Bank Rate

b.Sub-Prime Lending Rate

c.Statutory Lending Rate

d.Prime Lending Rate

9. The ability of a corporation to obtain capital is

a.about the same as a partnership

b.less than a partnership

c.enhanced because of limited liability and ease of share transferability

d.restricted because of the limited life of the corporation

10. Hindustan Lever is selling Lipton Ice Tea in the Indian Market in association with which company?

a.Coca Cola

b.Rasna

c.McDonald

d.PepsiCo

11. The advantages of being an entrepreneur are

a.Opportunity to be your own boss

b.All of the above

c.Making the important decisions

d.making the important decisions

12. Which newspaper has acquired a 67 per cent stake in Kolkata-based daily The Asian Age?

a.Times of India

b.The Hindu

c.Deccan Chronicle

d.Hindustan times

13. Grand Vitara XV-7 is a vehicle launched by

a.Maruti Suzuki

b.Hyundai

c.GM

d.Ford

14. 'Khazanah' is the state-owned investment holding arm of which country?

a.Japan

b.Malaysia

c.Singapore

d.Mauritius

15. What is the best definition of the term cottage industry?

a.goods are produced at home

b.people work at industries leaving their homes

c.group of cottages that serves as factory

d.people of same colony work at same place

16. On a classified balance sheet, companies usually list current assets

a.in alphabetical order

b.in the order in which they are expected to be converted into cash.

c.in the order of acquisition.

d.with the largest dollar amounts first.

17. Which of the following Stock exchanges is called "Big Board"?

a.London Stock Exchange

b.Mumbai Stock Exchange

c.New York Stock Exchange

d.Nasdaq

18. Effective sales management begins with

a.determining the most efficient structure for the sales force

b.determining sales goals

c.designing a compensation plan

d.pecifying the sales force size

19. For a good that is a luxury demand

a.has unit elasticity

b.tends to be elastic

c.cannot be represented

d.tends to be inelastic

20. Which of the following does not fall into the functions ofPayments Banks?

a.Internet banking

b.Lending services

c.Remittance services

d.Acceptance of demand deposits

21. The task of any business is to deliver _ at a profit.

a.Products and services

b.Customer needs

c.Improved quality

d.Customer value

22. Inclusive unionism is practiced mostly by

a.industrial unions

b.professional and semiprofessional employees

c.small unions comprised of skilled workers, such as the bricklayers

d.craft unions

23. Product costs are also called

a.Voluntary Costs

b.None of the above

c.Inventoriable Costs

d.Vulnerable Costs

24. Name the new Business Area which Sahara India Parivar has entered into:

a.Cement

b.Software

c.Travel ad Tourism

d.Advertising

25. The demand curve facing a perfectly competitive firm is

a.Line sloping upwards

b.Vertical line

c.Line sloping downwards

d.Horizontal line

26. Regulatory policies protect consumers by

a.controlling the supply of money

b.overseeing and limiting businesses

c.deciding how to tax and spend money

d.providing public assistance programs

27. An example of an on premise establishment is

a.A local pub

b.A restaurant that sells mixed drinks

c.None of the above

d.Both a and b

28. What does IMF stand for?

a.Institute of Monetary Finance

b.International Monetary Fund

c.International Machine Federation

d.Indian Money Fund

29. Which application was launched by Reserve Bank of India in January 2020 to help visually challenged people identify new currency notes?

a.NEFT

b.MANI

c.OLTAS

d.DRI

30. Boost and Crocin brands are owned by which company?

a.Galaxo Smith Kline

b.Paras Pharma

c.Henz

d. Pfizer

31. Capital budgeting is primarily concerned with

a.evaluating investment alternatives

b.capital formation in the economy

c.minimizing the cost of capital

d.planning future financing needs

32. A major purpose of cost accounting is to

a.classify all the product costs

b.All of the above

c.to provide information to stockholders for investment decisions

d.measure, record and report product costs

33. The supply curve for a monopolist is

a.Horizontal

b.Vertical

c.Dowward sloping

d.Doesn't exist

34. The primary goal of a business firm is to

a.promote workforce job satisfaction

b.increase its production

c.maximize profit

d.make a quality product

35. Which of these is an example of a labor law?

a.A restriction on when a union may call a strike

b.A surplus of supply

c.A town zones an area for residential buildings only

d.All of the above

36. Final goods and services refer to

a.goods and services whose value has been adjusted for changes in the price level

b.goods and services that are unsold and therefore added to inventories

c.the excess of U.S. exports over U.S. imports

d.goods and services purchased by ultimate users, rather than for resale or further processing

37. An increase in the price level will cause a _ the aggregate demand curve.

a.shift left

b.None of the above

c.shift right

d.shift up

38. An increase in the price of a good will

a.increase demand

b. increase quantity demanded

c.decrease demand

d.decrease quantity demanded

39. Total asset turnover is used to evaluate

a.The need for asset replacement

b.The relation between asset cost and book value

c.The cash flows used to acquire assets

d.The efficiency of management's use of assets to generate sales

40. Equity firm Warburg Pincus and telecom company Sing Tel Hold equity stake in which Indian Cellular service provider?

a.Hutch

b.Idea

c.Reliance Telecom

d.Bharti Televenture

41. Seagate is manufacturer of

a.earth moving equipment

b.harddisk

c.picture tube

d.banking software

42. The factors that affect worker productivity include

a.base pay increases

b.the size of incentive payments per non-defective pair

c.All of the above

d.expenditures for best practices training

43. A market is said to be in equilibrium when

a.There is downward pressure on price

b.Supply equals demand

c.All buyers are able to find sellers willing to sell to them at the current price

d.The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price

44. Who owns the rights for Pizza Hut, Cream Bell and Costa Coffee in India?

a.Ashoka Chauhan

b.Nikhil Meswani

c.Ravi Jaipuria

d.Anu Agha

45. Who among the following was appointed as the Deputy Governor of Reserve Bank of India (RBI) in January 2020?

a.Viral Acharya

b.BP Kanungo

c.Michael Debabrata Patra

d.NS Vishwanathan

46. Which phase of DMAIC is designed to insure that the problem does NOT reoccur and that the new processes can be further improved over time?

a.Control

b.Analyze

c.Improve

d.Design

47. Black markets are associated with

a.Price floors and the resulting product surpluses

b.Ceiling prices and the resulting product surpluses

c.Price floors and the resulting product shortages

d.Ceiling prices and the resulting product shortages

48. Which of the following does not motivate entrepreneurs?

a.Profit

b.Security

c.Freedom

d.Innovation

49. What is the main motive behind dealer incentives?

a.maintaining good dealer-manufacturer relationships

b.ensuring that the customer gets the best possible deal

c.encouraging the maximum number of sales of the manufacturers products

d.to maintain a permanent deal

50. Which one of the following is the maximum age of joining National Pension System (NFS) under the NFS Private Sector?

a.60 years

b.65 years

c.70 years

d.55 years

51. How much loan amount was sanctioned by The World Bank to help India develop its first modern waterway?

a.$475 million

b.$275 million

c.$575 million

d.$375 million

52. A binding price floor causes

a.Excess demand for the goods

b.No demand for the goods

c.Less supply of goods

d.Surplus supply of goods

53. Performance goals are used to

a.measure effectiveness, but not efficiency

b.determine a worker's attitude

c.measure productivity

d.communicate nonverbally

54. Fixed cost per unit increases when

a.variable cost per unit increases

b.production volume increases

c.production volume decreases

d.variable cost per unit decreases

55. Let your heart fly" baseline is associated with which airlines company?

a.Indian Airlines

b.Jet Airways

c.Fly Emirates

d.Lufthansa

56. A person should consume more of something when its marginal cost

a.Benefit exceeds its marginal cost

b.Marginal cost exceeds its benefit

c.Benefit deceeds its marginal cost

d.None of the above

57. A monopoly is a market that has

a.single seller

b.single buyer

c.a seller but no buyer

d.single seller and single buyer

58. Two Mega confectionery brands - Maha Lacto and Eclairs are owned by which company?

a.Parry's

b.Cadbury

c.Nutrine

d.Lotte

59. Mike McNamara is the founder of

a.Citibank

b.American Express

c.Standard Chartered

d.Pepsico

60. A trial balance will not balance if

a.the purchase on credit basis is debited to purchases and credited to cash

b.correct journal entry is posted twice

c.Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500

d.None of the above

61. Which of the following BPO companies is a wholly-owned subsidiary of Polaris software?

a.WNS

b.Optimus

c.Spectramind

d.Progeon

62. Quality assurance is an example of which process?

a.Testing

b.Manufacturing

c.Delivering

d.None of the above

63. Equivalent units of production are equal to

a.number of whole units that could have been completed if all work of the period had been used to produce whole units

b.identifiable units existing at the end of the period in a production department

c.units completed by a production department in the period

d.number of units worked on during the period by a production department

64. As per the guidelines issued by the RBI in September 2017, all Peer-to-Peer lending (P2P) platforms will be treated as ______.

a.NBFCS

b.Regional Rural Banks

c.Small Finance Banks

d.Payment Banks

65. Business transaction are recorded

a.Weekly

b.At the end of the month

c.In chronologial order

d.Any of the above

66. The partnership form of business organization is

a.Doesn't exist

b.no shares

c.More than two shares

d.only to shares

67. Which major bank has launched the 'Unnati Credit Card' in 2017 to enhance credit inclusion in India?

a.HDFC Bank

b.ICICI Bank

c.Axis Bank

d.SBI

68. An improvement in production technology will

a.increase equilibrium price

b.shift the supply curve to the left

c.shift the supply curve to the right

d.shift the demand curve to the left

69. The buying and selling of goods is called

a.Commerce

b.Business

c.Telecommunication

d.Trade

70. Which one of the following statements with regard to Antrix Corporation Limited is correct?

a.It is a commercial arm of the Department of Science and Technology.

b.It is under the administrative control of the Ministry of Health and Family Welfare

c.It is a commercial arm of the Department of Industrial Policy and Promotion.

d.It is a commercial arm of the Department of Industrial Policy and Promotion.

CUET 2024 MCQ Quiz on Business Awareness for Competitive Exams

CUET 2024 MCQ Quiz on Business Awareness – Objective Question Answers on Business Awareness

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