1.Fill in the blanks
The collapse of Eastern Europe in—————- and USSR in —————- leads to emergence of the transitory economies.
1. 1980, 1987/1980, 1987
2. 1988, 1995/1988, 1995
3. 1989, 1991/1989, 1991
4. 1997, 1991/1997, 1991
Ans:- 3. 1989, 1991/1989, 1991
2.Given below are two statements:
Statement I: patents are defined as monopoly rights which one granted by the government, for full disclosure of invention for a limited period of time, that is for 20 years
Statement II: The purpose of granting patents is to encourage inventions by promoting their protection and utilization so as to contribute to the development of Industries
In light of the above statements, choose the most appropriate answer from the options given below:
1. Both Statement I and Statement II are correct
2. Both Statement I and Statement II are incorrect
3. Statement I is incorrect but Statement II is correct
4. Statement I is correct but Statement II is incorrect
Ans:- 1. Both Statement I and Statement II are correct
3.Which of the following order is followed in the issue of shares under the & quote ;Fixed Price Offer Method & quote; ?
A. Issue of a prospectus
B. Receipt by the company of application for share
C. Selection of merchant banker
D. Issue of share certificates
E. Allotment of shares to the applicant
Choose the correct answer from the options given below
1. A, D, E, C, B
2. C, A, B, E, D
3. C, B, A, D, E
4. E, B, A, C, D
Ans:- 2. C, A, B, E, D
4.The characteristics of online and social media marketing are;
A. Personal
B. Rich
C, Timely
D. Interactive
E. Un to date
Choose the correct answer from the options given below
1. A, C and D only
2. A, D and E only
3. B and E only
4. B, D and E only
Ans:- 4. B, D and E only
5.Which of the following are the limitations in the creation of credit of commercial banks?
A. The amount of cash that commercial banks possess
B. Supply of collateral security
C. Monetary policy of the central bank
D. Allied deposits scheme
E. Deposits linked with special benefits
Choose the correct answer from the options given below:
1. A, C and E only
2. A, D and E only
3. C and D only
4. D and E only
Ans:- 4. D and E only
6.From the following information about a firm, what will be the contribution to sales (c/s) ratio and the profit?
Sales = 100,000/
Fixed Cost = 20,000/
Break – even point= 40,000/
1. C/S= 25% and Profit = 60,000
2. C/S = 50% and Profit = 30,000
3. C/S = 50% and Profit = 60,000
4. C/S = 60% and Profit=30,000
Ans:- 2. C/S = 50% and Profit = 30,000
7.Which one of the following State Taxes have NOT been replaced by GST?
1. Luxury Tax
2. Purchase Tax
3. Special additional duty of customs
4. Taxes on lotteries, betting, and gambling
Ans:- 3. Special additional duty of customs
8.Arrange the following economic regions in increasing order of FOI inflows, as per the UNCTAD Report, 20207
A. Developing economies
B. Transition economies
C. North America
D. Developed economies
E. Europe
Choose the correct answer from the options given below
1. A, B, C, E, D
2. B, A, C, E, D
3. B, A, D, E, C
4. E, B, D, C, A
Ans : 4. E, B, D, C, A
9.Factors that reduce price sensitivity are:
A. Buyers cannot store the product
B. The expenditure is a larger part of the buyer's total income
C. Buyer are aware of substitutes
D. The product is used in conjunction with assets previously bought
E. The art of the cost is borne by another party
Choose the correct answer from the options given below
1. A and B only
2. A, D and E only
3. B, D and E only
4. C, D and E only
Ans: 2.A, D and E only
10.In which of the following cases, the Doctrine of Supervening impossibility will apply?
1. Commercial Impossibility
2. Difficulty in performance
3. Impossibility known to the parties at the time of making of the contract
4. Strikes, Locks-outs, and civil disturbances
Ans:-3. Impossibility known to the parties at the time of making of the contract