Nature and Scope of Business MCQs: Free access to Multiple Choice Questions on Business.
In this blog post, we have provided MCQs on the Nature of Business, Scope of Business, Business Support Services. These Business MCQs are very helpful for all classes and entrance exams.
Nature and Scope of Business MCQs
1. ………….. refers to the process of buying goods and services.
Business
Employment
Trade
Commerce
2. In employment, return or reward is in form of …………..
Wage
Fee
Profit
Loss
3. The activities in which the individuals engage themselves on a regular basis and their livelihood are known as their………………….
Service
Job
Occupation
Business
4. The primary objective of every profession is to provide ……………….
Job
Service
Occupation
Profit
5. Which of the following activities are auxiliaries to trade i.e. facilitate trade?
Transport
Communication
Warehousing
Industry
6. Which of the following does not belong to the construction industry?
Dams
Road
Canals
Cement
7. Which of the following is a non-economic activity?
A Chartered Accountant preparing accounts of a firm
A person working in a school canteen
A man white-washing his home
A teacher teaching in a school
8. Which of the following is not a Profession?
Engineer
Doctor
Chartered Accountants
Business
9. Which of the following is not a nature of business risk?
Uncertainty
Profit is the reward for risk
Difficult to measure
Consistency
10. Which one is not a type of External trade?
Import
Retail
Entrepot
Export
11. Which of the following is not a Public Sector Bank?
State Bank of India
Syndicate Bank
Bank of India
Reserve Bank of India
12. Which of the following is not a type of Bank account?
Saving Deposit Account
Cash Deposit Account
Current Deposit Account
Fixed Deposit Account
13. Which of the following service is not offered by E-banking?
Digital Cash
ATM
Cash Credit
Electronic Funds Transfer
14. These plans offer twin benefits of investment and insurance cover
Pension Plans
Joint Life Policy
Money Back Policy
Unit Plans
15. The principle of ……………….. implies that the insured is not allowed to make any profit from insurance contract on happening of an event that is insured against
Principal of Subrogation
Principal of Mitigation
Principal of Indemnity
Principal of Contribution
16. Which is the most economical mode of transport for long-distance within the country?
Rail Transport
Road Transport
Water Transport
Air Transport
17. Bells, whistles, buzzers, and horns are types of:
Verbal Communication
Written Communication
Aural Communication
Gestural Communication
18. These are used to store imported goods for which import duty is yet to be paid :
Bonded Warehouses
Private Warehouses
Public Warehouses
Co-operative Warehouses
19. …………….. is a fund settlement system where transactions are settled in batches.
RTGS
NEFT
BANK Overdraft
Cash Credit
20. Small retail shops established for the sale of postal stationery items :
Value Payable Post (VPP)
Post Shoppe
Media Post
Retail Post