Online Commerce Questions

Online Commerce Questions

1. The present World Economic Depression first of all, started from which country ?
(A) U.S.A. (B) U.K.
(C) France (D) India
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2. Which, institution is known as the ‘Soft Loan Window’ of World Bank ?
(A) I.F.C. (International Financial Corporation)
(B) I.D.A. (International Development Association)
(C) I.M.F. (International Monetary Fund)
(D) Indian Development Forum
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3. Which is not a insurable risk ?
(A) Accident Risk (B) Loss of Crops Risk
(C) The Risk of Trading in New Market (D) The Risk of Sinking of a Ship
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4. The Life Insurance in India was nationalised in the year–
(A) 1870 (B) 1956
(C) 1960 (D) 1966
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5. Fire Insurance is based on the principle of–
(A) Utmost Good faith (B) Insurable Interest
(C) Indemnity (D) Cooperation
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6. X Limited forfeited Ram’s 20 shares of Rs. 10 each on which Rs. 7 is called up. Ram had paid application and allotment money of Rs. 5 per share. Of these forfeited shares 15 shares were reissued to Hari as fully paid up for Rs. 6 per share. What amount should be transferred to Capital Reserve account ?
(A) Rs. 15 (B) Rs. 20
(C) Rs. 75 (D) Rs. 100
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7. In case of a company, “Buy Back” is related to–
(A) Prospectus (B) Shares
(C) Debentures (D) Cheques
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8. The profit of a company (whose capital is divided into 25‚000 shares of Rs. 10 each) for the last three years are : Rs. 50‚000; Rs. 60‚000 and Rs. 40‚000. The fair return on investment is taken at 10% p.a. The value of company’s share will be–
(A) Rs. 10 (B) Rs. 20
(C) Rs. 30 (D) Rs. 40
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9. The amount deposited in Securities Premium Account can be used for–
(A) Distributing profits (B) Issue of Bonus Shares
(C) Paying the amount to director (D) None of the above
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10. Profit prior to incorporation is transferred to–
(A) Capital reserve (B) General reserve
(C) Profit and Loss Account (D) Trading Account
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11. Dividend paid between two Annual General Meetings is known as–
(A) Final dividend (B) Interim dividend
(C) Special dividend (D) None of the above
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12. In a Private Company there are restrictions regarding–
(A) Transfer of shares (B) Issue of prospectus
(C) Number of members (D) All of the above
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13. The gap between two General Meetings of the Company should not be more than–
(A) 12 months (B) 18 months
(C) 15 months (D) 20 months
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14. Statement containing details of items to be considered in a meeting is called–
(A) Agenda (B) Minutes
(C) Resolution (D) Notice
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15. The minimum and maximum number of members in a Private Company is–
(A) 2 and 50 (B) 2 and 20
(C) 2 and 10 (D) None of the above
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16. What is/are the consequence(s) of non-registration of partnership firm ?
1. It cannot sue any of its partners.
2. Partners of an unregistered firm can file suits against each other.
3. Partners can sue the firm to enforce their claims.
Select the correct answer using the code given below–
(A) 1 (B) 2
(C) 3 (D) None of the above
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17. Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future?
(A) Bombay Stock Exchange (BSE) (B) Indian Banks Association (IBA)
(C) Securities Exchange Board of India (SEBI) (D) Reserve Bank of India (RBI)
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18. Which of the following committees is associated with reforms in small industries?
(A) K. L. Rekhi Committee (B) R. Chelliah Committee
(C) Abid Hussain Committee (D) None of the above
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19. Consider the following statements in respect of the “Duty Free Import Authorization Scheme”.
1. The scheme offers the facility to import the required inputs before exports.
2. The scheme allows the transfer of scrip once the export obligation is complete.
Which of the statements given above is/are correct ?
(A) 1 only (B) 2 only
(C) Both 1 and 2 (D) Neither 1 nor 2
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20. Under which one of the following is the term ‘Dominant Undertaking’ defined ?
(C) Companies Act (D) SEBI
See Answer:


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