Tag: commercial studies

Quizzes (186) Questions (1136)

Questions Related to commercial studies

Multiple choice commercial studies structure of business e-advertising, e-marketing and e-security introduction to internet and e-commerce emerging modes of services e-tailing e-commerce and mobile commerce

E-commerce includes buying and selling of ___________________.

  1. Goods-e.g. digital cameras, music systems, clothes, accessories

  2. Information-e.g. subscription to some law site may give access to some court cases

  3. Services. e.g. matrimonial services through shaadi.com, placement services through naukri.com

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
E-commerce stands for electronic commerce where the information or trade between two parties are done through electronic transmission of data that includes text, sound and visual images. It makes use of various electronic platforms such as intranets, extranets and  the internet to deal in buying and selling of goods, services and information.
Multiple choice commercial studies subsidiary books - 2 petty cash book meaning, importance and components of voucher bank book and petty cash book

When using a petty cash system, the replenishment of the fund would normally include a debit to _______________.

  1. Cash.

  2. Petty Cash.

  3. Revenues.

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Replenishment involves the main cashier giving cash to the petty cashier. The entry involves debiting the Petty Cash account (to increase it) and crediting the main Cash account.

Multiple choice commercial studies subsidiary books - 2 petty cash book meaning, importance and components of voucher bank book and petty cash book

Payments in cash of small amounts like travelling expenses, postage, carriage,etc. are recorded in the ______________.

  1. Main Cash Book

  2. Petty Cash Book

  3. Cash Budget

  4. Journal proper
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Small, frequent payments are handled through the petty cash system to keep the main cash book uncluttered and to delegate minor financial responsibilities.

Multiple choice objectives, functions and problems and measures fortrade unions industrial relations, trade unions and social security commercial studies

Which of the following cannot be said to be a trade union in true sense?

  1. Craft Union

  2. Industrial Union

  3. Company Union

  4. Federation
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Company Union cannot be said to be a trade union since trade union is established for the specific purpose of advancing and protecting the interests of its members or workers in their working relationship. Trade unions are voluntary associations which aim towards common goals.

Multiple choice objectives, functions and problems and measures fortrade unions industrial relations, trade unions and social security commercial studies

Under which of the following situations may a union refuse to admit a person or expel a member?

  1. Because of their current state of health.

  2. Because of misconduct.

  3. Because they do not feel that they are a suitable member.

  4. Because of their financial means.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Because of misconduct a union refuse to admit a person or expel a member. A union has the right to refuse to admit or expel a member if that person does not maintain a proper conduct.

Multiple choice objectives, functions and problems and measures fortrade unions industrial relations, trade unions and social security commercial studies

What is/are the measure(s) that can be adopted to strengthen Trade Union in India?

  1. Maintaining Unity

  2. Freedom from Political influence

  3. Welfare Activities for Workers

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
The measures that can be adopted to strengthen Trade Union in India are:a) Maintaining Unity
b) Freedom from Political influence
c) Welfare Activities for Workers
Trade union is established for the specific purpose of advancing and protecting the interests of its members or workers in their working relationship.
Multiple choice objectives, functions and problems and measures fortrade unions industrial relations, trade unions and social security commercial studies

It is now high time for trade unions to assume the responsibility of inculcating in the workers, a sense of discipline and responsibility to perform their jobs satisfactorily. Which of the following justifies the statement?

  1. Adequacy of funds

  2. Worker's education

  3. Welfare activities for workers

  4. Freedom from political influence
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

It is now high time for trade unions to assume the responsibility of inculcating in the workers, a sense of discipline and responsibility to perform their jobs satisfactorily- Worker's education justifies the statement.Trade union is established for the specific purpose of advancing and protecting the interests of its members or workers in their working relationship.

Multiple choice objectives, functions and problems and measures fortrade unions industrial relations, trade unions and social security commercial studies

A person who has attained the age of 10 years can be a member of a registered trade union subject to any rules of the trade union.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A person who has attained the age of 10 years can be a member of a registered trade union subject to any rules of the trade union- this is a false statement. The minimum age required to be a member of trade union is 15 years. However for being a office bearer a person needs to be above 18 years of age.