Business And Commerce - Practice Test

[#511] The most important properties of a joint venture company is

(A) Limited liability

(B) Transferability of shares

(C) Extension area

(D) Establishment by Act

Correct Answer

(A) Limited liability

[#512] Which one of the following will not act as an incentive for exports?

(A) to increase the intrinsic value of money

(B) to reduce the prices of goods within the country

(C) internal devaluation of currency

(D) to provide loans at low rate of interest for exports

Correct Answer

(A) to increase the intrinsic value of money

[#513] The liability of the Karta in a joint hindu family is

(A) to the extent of his interest in the joint family

(B) unlimited

(C) to the extent of the total wealth of the family

(D) to the extent of the personal properties of all the members

Correct Answer

(B) unlimited

[#514] Line and staff organization is the extension of-

(A) Functional organization

(B) Line organization

(C) Informal organization

(D) Committee organization

Correct Answer

(B) Line organization

[#515] Which type of classification is based on date and time order?

(A) Alphabetical classification

(B) Numerical classification

(C) Subject wise classification

(D) Chronological classification

Correct Answer

(D) Chronological classification

Explanation

Solution: Chronological classification is based on date and time order. Chronological order is listing, describing, or discussing when events happened as they relate to time.

Business And Commerce - Study Mode

[#511] The most important properties of a joint venture company is

Correct Answer

[#512] Which one of the following will not act as an incentive for exports?

Correct Answer

[#513] The liability of the Karta in a joint hindu family is

Correct Answer

[#514] Line and staff organization is the extension of-

Correct Answer

[#515] Which type of classification is based on date and time order?

Correct Answer

Explanation