Tag: organisation of commerce and management

Quizzes (188) Questions (1057)

Questions Related to organisation of commerce and management

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

Sale of a major portion of Government stake to a Strategic Buyer and also giving over the management control is called as ____________.

  1. Strategic Sale

  2. Cross Holding

  3. Warehousing

  4. Retaining Golden Share
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

When the government decides to transfer the ownership and control of a public sector entity to some other entity, either private or public, the process is called strategic disinvestment. 

The Department of Investment and Public Asset Management  which comes under the Finance Ministry defines Strategic disinvestment as follows: “Strategic disinvestment would imply the sale of a substantial portion of the Government shareholding of central public sector enterprises of up to 50%, or such higher percentage as the competent authority may determine, along with transfer of management control.”

The correct option is A.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

Qualitative measures to control credit are also called _______________.

  1. General Measures

  2. Selective Methods

  3. Both (a) and (b)

  4. Neither (a) nor (b)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Qualitative measures to control credit are also called selective methods.Qualitative methods of credit control affects specific sectors of the economy. Qualitative instruments of credit control are those instruments which focus on select sectors of the economy. This policy of credit control is also known as policy of selective control.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

Which of the following statement is correct?

  1. Supply of land is perfectly elastic

  2. Fertility of land cannot change

  3. Land does not yield any result unless human efforts are employed

  4. Supply of land can be increased
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Land does not yield (product) anything, unless human efforts are employed is correct statement.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

Quantitative measures to control credit are also called _____________.

  1. General Measures

  2. Selective Methods

  3. Both (a) and (b)

  4. Neither (a) nor (b)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Quantitative or the traditional method of credit control comprises of bank rate policy, open market operations and variable reserve ratio. Qualitative or selective methods of credit control include directive of margin requirement, credit rationing, regulation of consumer credit and direct action.

The correct option is A.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

In India, the three major objectives of economic policy are growth, social justice and price stability. Which of the above objectives can be pursued most effectively by the monetary authorities of the country?

  1. Growth

  2. Social Justice

  3. Price Stability

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

In India, the three major objectives of economic policy are growth, social justice and price stability. Social Justice can be pursued most effectively by the monetary authorities of the country. Social justice can be defined which is an ideal situation where everone gets equal treatment; any sort of dicimination is not applicable.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

Oligopolistic industries are characterized by:

  1. A few dominant firms and substantial barriers to entry.

  2. A few large firms and no entry barriers

  3. A large number of small firms and no entry bathers.

  4. One dominant firm and low entry barriers.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Oligopolistic industries have a few dominant firms and substantial barriers to entry; because there is may be some entry barriers.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

Which of the following is not a quantitative method of credit control __________________.

  1. Bank Rate policy

  2. Open market operations

  3. The Repo Rate

  4. Consumer credit regulation
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Quantitative or traditional methods of credit control consist of banks rate policy, open market operations and variable reserve ratio. Qualitative or selective methods of credit control consist of the guideline of margin requirement, credit rationing, regulation of customer credit and direct action. 

Quantitative controls are planned to control the volume of credit created by the banking system qualitative measures or selective methods are intended to regulate the flow of credit in specific uses.

The correct option is D.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

Quantitative Methods aim at influencing _______________________.

  1. The end-use of credit in specific areas

  2. The total volume of credit in the banking system

  3. Both (a) and (b)

  4. Neither (a) nor (b)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Quantitative Methods aim at influencing the total volume of credit in the banking system.Quantitative measures to control credit are also known as general measures. Quantitative instruments of control credit are those instruments which focus on overall supply of money in the economy. These measures are used in a manner such that overall supply of money in the economy is reduced during inflation and increased during deflation.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

Our economy is characterized by __________.

  1. unlimited wants and needs

  2. unlimited material resources

  3. no energy resources

  4. abundant productive labour
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
Our economy is characterized by unlimited wants and needs.Every economy in the world is characterized by needs and wants which are unlimited as it is a very well known fact that human needs are never ending.
Economics deals with the management of this scarce resources to its alternative uses in order to gain maximum satisfaction and profit.
Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

____is the top traffic handler in coastal & overseas shipping.

  1. Kochi

  2. Kandla

  3. Thiruvanandpuram

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

Kandla, also known as the Kandla Port Trust or Deendayal Port is a seaport in Kutch District of Gujarat state in western India, near the city of Gandhidham. Located on the Gulf of Kutch, it is one of major ports on west coast as it is one of the top traffic handler off all the merchandise that is imported and exported to the west countries.