Business And Commerce - Practice Test

(A) Tax evasion

(B) Adulteration of products

(C) Skill

(D) Price increase

(C) Skill

(A) Business is a non-economic activity

(B) Participation in tournaments by the college cricket team is business

(C) Efficient business organization is needed to check price rise

(D) Profit making is not the aim of the business organization

(C) Efficient business organization is needed to check price rise

(A) A product having short weight

(B) A service provided free of cost

(C) A misleading advertisement given in newspaper

(D) None of the above

(B) A service provided free of cost

(A) The minimum number of partners in a partnership is four

(B) The maximum number of partners in a partnership can be up to 20

(C) Sole proprietorship is the oldest form of business organization

(D) Registration of partnership is optional

(A) The minimum number of partners in a partnership is four

(A) optimum utilisation of scarce resources

(B) generating employment opportunities

(C) obligation to pay dividend

(D) decentralisation of economic power

(D) decentralisation of economic power

Business And Commerce - Study Mode