F.Y B.COM
SEMESTER - I
MID SEMESTER EXAMINATION
STRUCTURE & PROCESS OF BUSINESS
(SPB)
MCQS - 2015
(1) ________ involves rendering of personal services of a special and expert nature.
a) Profession
b) Employment
c) Business
d) All of the above
(2) Industry engaged in reproduction and multiplying certain of plant and animals is __________
a) Processing
b) Synthetic
c) Genetic
d) Assembly
(3) If Milk is separated into curd, butter milk, butter, cheese, ghee and milk powder, this is an example of _________ type of industry.
a) Synthetic
b) Analytical
c) Genetic
d) Extractive
(4) The industries which undertake the activities where the various forms of wealth are drawn out from the nature is known as ____________
a) Tertiary Industries
b) Manufacturing Industries
6) Construction Industries
d) Extractive Industries
(5) When business units carrying on the same trade or pursuing the same productive activity join hands with some common end it is known as_________
a) Diagonal Combination.
b) Horizontal Combination.
c) Process Combination.
d) None of the above.
(6) When one business unit is completely absorbed by the another business, it is known as ________
a) Merger.
b) Joint Stock Company.
c) Amalgamation.
d) Consolidation.
(7) Which one of the following can be considered as characteristic/s of Business?
a) Sale, Transfer & Exchange of Goods & Services.
b) Profit
c) Recurrence of Transactions.
d) All of the Above
(8) The 'support services' such as banking, insurance, warehousing and advertising are regarded as: ________
a) Trade
b) Auxiliaries to Trade
c) Business
d) Intonational services
(9) The series of remarkable changes in the way of production that occurred during the second half of the 18th Century and the first half of the 19th Century is termed as: __________
a) Industrial Revolution
b) Globalization
c) Migration
b) Modulization
(10) The union or associations of the workers formed for protecting their interests in the industry is known as: _______
a) Trade Unions
b) Chambers of Commerce
c) Associations
d) None of the Above
Fil in the Blanks (Total No. of Question-04)
(1) ________ Activities are dealing with Purchase and sale, of goods & services.
a) Political
b) Social
c) Rebgious
b) Economic
(2) Business is an economic activity with the object of earning _________
a) Wages
b) Salary
c) Profit
d) None
(3) ________ is consider to be Driving factors
a) Opportunity for gain
b) Development
c) Protection to industries
d) Intense Competition
(4) Income & Profit is the sub-part of __________
a) Trade Union
b) Pools
c) Quota
d) Federation
MULTIPLE CHOICE QUESTION:(Total No. of Question-03)
(1) The units carrying on identical business activities are known as ________
a) Vertical
b) Horizontal
c) Convergent lateral
b) Diagonal
(2) In which occupation Expertise & training in specific field not necessary
a) Business
b) Profession
c) Employment
d) All Above
(3) The main objective of Combination is to achieve some common goals like
a) Growth
b) Survival
c) Prestige
d) All the Above
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