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

a.Cadbury

b.Parry's

c.Nutrine

d.Lotte

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

a.Hindustan times

b.Times of India

c.Deccan Chronicle

d.The Hindu

3. Which of the following does not motivate entrepreneurs?

a.Innovation

b.Security

c.Freedom

d.Profit

4. A binding price floor causes

a.Less supply of goods

b.Excess demand for the goods

c.Surplus supply of goods

d.No demand for the goods

5. The buying and selling of goods is called

a.Commerce

b.Business

c.Telecommunication

d.Trade

6. An example of an on premise establishment is

a.Both a and b

b.A restaurant that sells mixed drinks

c.A local pub

d.None of the above

7. A business organized as a corporation

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

b.Is not a separate legal entity in most states

c.Has tax advantages over a proprietorship or partnership

d.Is owned by its stockholders

8. Ratio analysis can be useful for

a.Evaluate sales

b.Evaluate financial performance of a company

c.None of the above

d.To improve profits of a company

9. Black markets are associated with

a.Ceiling prices and the resulting product shortages

b.Price floors and the resulting product surpluses

c.Ceiling prices and the resulting product surpluses

d.Price floors and the resulting product shortages

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

a.Statutory Lending Rate

b.Prime Lending Rate

c.Bank Rate

d.Sub-Prime Lending Rate

11. 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

12. For a good that is a luxury demand

a.cannot be represented

b.tends to be inelastic

c.has unit elasticity

d.tends to be elastic

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

a.Mumbai Stock Exchange

b.London Stock Exchange

c.New York Stock Exchange

d.Nasdaq

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

a.Michael Debabrata Patra

b.BP Kanungo

c.Viral Acharya

d.NS Vishwanathan

15. The partnership form of business organization is

a.no shares

b.Doesn't exist

c.More than two shares

d.only to shares

16. The ability of a corporation to obtain capital is

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

b.less than a partnership

c.restricted because of the limited life of the corporation

d.about the same as a partnership

17. An increase in the price of a good will

a.decrease quantity demanded

b. increase quantity demanded

c.increase demand

d.decrease demand

18. 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

19. A major purpose of cost accounting is to

a.to provide information to stockholders for investment decisions

b.All of the above

c.measure, record and report product costs

d.classify all the product costs

20. The supply curve for a monopolist is

a.Vertical

b.Dowward sloping

c.Doesn't exist

d.Horizontal

21. What is the main motive behind dealer incentives?

a.maintaining good dealer-manufacturer relationships

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

c.to maintain a permanent deal

d.ensuring that the customer gets the best possible deal

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

a.Small Finance Banks

b.Payment Banks

c.Regional Rural Banks

d.NBFCS

23. A trial balance will not balance if

a.correct journal entry is posted twice

b.None of the above

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

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

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

a.65 years

b.70 years

c.60 years

d.55 years

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

a.ICICI Bank

b.HDFC Bank

c.SBI

d.Axis Bank

26. Quality assurance is an example of which process?

a.None of the above

b.Manufacturing

c.Delivering

d.Testing

27. Capital budgeting is primarily concerned with

a.evaluating investment alternatives

b.minimizing the cost of capital

c.capital formation in the economy

d.planning future financing needs

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

a.in the order of acquisition.

b.in alphabetical order

c.with the largest dollar amounts first.

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

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

a.Galaxo Smith Kline

b. Pfizer

c.Henz

d.Paras Pharma

30. A monopoly is a market that has

a.single seller

b.single buyer

c.single seller and single buyer

d.a seller but no buyer

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

a.group of cottages that serves as factory

b.people of same colony work at same place

c.goods are produced at home

d.people work at industries leaving their homes

32. A raise in the price of a product causes

a.a decrease in supply

b.an increase in demand

c.a decrease in competition

d.an increase in competition

33. An improvement in production technology will

a.shift the supply curve to the left

b.shift the supply curve to the right

c.increase equilibrium price

d.shift the demand curve to the left

34. The demand curve facing a perfectly competitive firm is

a.Horizontal line

b.Line sloping downwards

c.Vertical line

d.Line sloping upwards

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

a.Remittance services

b.Lending services

c.Acceptance of demand deposits

d.Internet banking

36. Fixed cost per unit increases when

a.variable cost per unit increases

b.variable cost per unit decreases

c.production volume increases

d.production volume decreases

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

a.OLTAS

b.MANI

c.NEFT

d.DRI

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

a.A town zones an area for residential buildings only

b.A surplus of supply

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

d.All of the above

39. Regulatory policies protect consumers by

a.deciding how to tax and spend money

b.providing public assistance programs

c.controlling the supply of money

d.overseeing and limiting businesses

40. What does IMF stand for?

a.Indian Money Fund

b.International Monetary Fund

c.Institute of Monetary Finance

d.International Machine Federation

41. Effective sales management begins with

a.determining sales goals

b.designing a compensation plan

c.pecifying the sales force size

d.determining the most efficient structure for the sales force

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

a.Ashoka Chauhan

b.Anu Agha

c.Nikhil Meswani

d.Ravi Jaipuria

43. Inclusive unionism is practiced mostly by

a.professional and semiprofessional employees

b.industrial unions

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

d.craft unions

44. Total asset turnover is used to evaluate

a.The need for asset replacement

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

c.The relation between asset cost and book value

d.The cash flows used to acquire assets

45. Performance goals are used to

a.measure productivity

b.measure effectiveness, but not efficiency

c.communicate nonverbally

d.determine a worker's attitude

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

a.Marginal cost exceeds its benefit

b.None of the above

c.Benefit exceeds its marginal cost

d.Benefit deceeds its marginal cost

47. 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.Improve

b.Design

c.Analyze

d.Control

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

a.Ford

b.Maruti Suzuki

c.GM

d.Hyundai

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

a.Mauritius

b.Japan

c.Malaysia

d.Singapore

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

a.Jet Airways

b.Lufthansa

c.Fly Emirates

d.Indian Airlines

51. Other things equal an improvement in productivity will

a.increase the equilibrium price level

b.shift the aggregate demand curve to the left

c.shift the aggregate supply curve to the right

d.shift the aggregate supply curve to the left

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

a.Aditya Birla Payments Bank

b.Postal Payments Bank

c.Airtel Payments Bank

d.Paytm Payments Bank

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

a.Cement

b.Advertising

c.Travel ad Tourism

d.Software

54. Business transaction are recorded

a.In chronologial order

b.Weekly

c.Any of the above

d.At the end of the month

55. Debts owed by a business are referred to as

a.Liabilities

b.Account receivables

c.Credits

d.Owner's Equity

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

a.PepsiCo

b.McDonald

c.Rasna

d.Coca Cola

57. Equivalent units of production are equal to

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

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

c.units completed by a production department in the period

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

58. Mike McNamara is the founder of

a.Pepsico

b.American Express

c.Standard Chartered

d.Citibank

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

a.None of the above

b.shift right

c.shift up

d.shift left

60. Product costs are also called

a.Voluntary Costs

b.Vulnerable Costs

c.Inventoriable Costs

d.None of the above

61. The factors that affect worker productivity include

a.expenditures for best practices training

b.base pay increases

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

d.All of the above

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

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

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

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

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

63. 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

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

a.CARE

b.RBI

c.CRISIL

d.ICRA

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

a.Idea

b.Hutch

c.Bharti Televenture

d.Reliance Telecom

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

a.$375 million

b.$475 million

c.$575 million

d.$275 million

67. Seagate is manufacturer of

a.earth moving equipment

b.harddisk

c.banking software

d.picture tube

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

a.Customer needs

b.Customer value

c.Products and services

d.Improved quality

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

a.WNS

b.Progeon

c.Spectramind

d.Optimus

70. 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 purchased by ultimate users, rather than for resale or further processing

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

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

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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