Against which type of account a cheque can be drawn?
A.Share account
B.Current account
C.Time deposit
D.Debenture account
E.All of the above
Category: Business Management Mcqs
The annual financial statement of the estimated income and expenditure for the ensuring year is known as
A.profit-loss account
B.trading account
C.budget
D.barter
Which of the following is the characteristic of national income distribution of India?
A.Great income inequalities
B.Inequality in sharing consumption
C.Regional disparities in growth and development
D.All of the above
Price elasticity of demand is best defined as
A.The change in the tastes of consumers at different prices
B.The rate of response of demand to a change in supply
C.The change in costs when output is increased by one unit
D.The rate of response of demand to a change in price
E.Being depended on whether the goods are a lusury or not
An industrial dispute is a dispute, disagreement or difference between
A.Management and government
B.Management and workers
C.Workers and workers
D.Trade unions and trade unions
E.(A), (C) and (D) only
Sinking fuad’ is associated with
A.employees welfare
B.mahcine depreciation
C.idle timing
D.indirect labour cost
The principle of management by exception is most likely to be applied in the management function of:
A.Planning
B.Organizing
C.Directions
D.Control
E.All of the above
Which of the following tax is separately imposed by central as well as state governments?
A.Entertainment tax
B.Sales tax
C.Income tax
D.Import duty
The economic function of middle-man is
A.To exploit the parties involved in the exchange
B.To ensure that parties to an exchange are made better off
C.To make trade among individuals so that the middle-man realizes a profit
D.Unjustified because the traders them selves could engage in trade and be better off if they did not pay the middle-men
E.All of the above
Which of the following is capital good
A.Cigarettes
B.Medicines in a hospital
C.New print
D.News paper
E.Car for factory manager
