Division of work is the principle where work is broken down into small, specialized tasks to increase efficiency. Discipline relates to obedience, Equity relates to fairness, and Unity relates to a unified direction/command, making (a) the only correct choice.
Q2mcq1 mark
Stock Exchanges are __________.
a.
Protection to Investors
b.
Facilities for speculation
c.
Ready Market
d.
All of the above
Correct Answer
Step-by-Step AI Explanation
Verified Method
Stock exchanges provide a ready market for securities (C), offer protection to investors through regulated trading (A), and provide a platform for speculation (B), therefore all of the above are correct.
Q3mcq1 mark
Human Resource Management is both __________.
a.
Theory and Practice
b.
History and Geography
c.
Science and Art
Correct Answer
d.
None of the above
Step-by-Step AI Explanation
Verified Method
Human Resource Management is considered a Science because it follows systematic principles and theories, and an Art because it involves the application of those principles to manage people effectively in real-world scenarios.
Q4mcq1 mark
Sale of Goods Act was passed in the year :
a.
1930
Correct Answer
b.
1940
c.
1960
d.
1997
Step-by-Step AI Explanation
Verified Method
The Sale of Goods Act, 1930 is the principal legislation in India that governs the sale of goods. The other years mentioned do not correspond to the enactment of this specific act.
Q5mcq1 mark
There are __________ stock exchanges in the country.
a.
20
b.
21
c.
25
d.
24
Correct Answer
Step-by-Step AI Explanation
Verified Method
Historically, as per standard Commerce textbooks for the Tamil Nadu State Board curriculum, there are 24 recognized stock exchanges in India.
Q6mcq1 mark
Which one of the market deals in the purchase and sale of shares and debentures ?
a.
Local market
b.
Stock exchange market
Correct Answer
c.
Family market
d.
Manufactured goods market
Step-by-Step AI Explanation
Verified Method
The stock exchange market is a secondary market specifically designed for the organized purchase and sale of financial instruments like shares and debentures. Local, family, or manufactured goods markets do not serve this specific financial function.
Q7mcq1 mark
Government securities are issued by agencies such as __________.
a.
State Governments
b.
Semi-Government authorities
c.
Central Government
d.
All of the above
Correct Answer
Step-by-Step AI Explanation
Verified Method
Government securities (G-Secs) are tradeable instruments issued by the Central Government, State Governments, and certain semi-government authorities to raise funds for budget financing, making (d) the correct choice.
Q8mcq1 mark
Which meeting will be held once in the lifetime of the company ?
a.
Extra-ordinary
b.
Statutory
Correct Answer
c.
Class General
d.
Annual General
Step-by-Step AI Explanation
Verified Method
The Statutory Meeting is a meeting that is required to be held only once in the entire lifetime of a public limited company, typically within a specific period after the commencement of business.
Q9mcq1 mark
Negotiable Instrument is :
a.
Transferable
b.
Title of the holder is free from all defects
c.
(a) and (b) are correct
Correct Answer
d.
(a) and (b) are wrong
Step-by-Step AI Explanation
Verified Method
A Negotiable Instrument is defined by its two primary characteristics: it is freely transferable from one person to another by delivery or endorsement, and the holder in due course receives a title free from all defects. Since both (a) and (b) are defining features, (c) is the correct choice.
Q10mcq1 mark
Entrepreneur is not classified as :
a.
Employee
Correct Answer
b.
Risk Bearer
c.
Organizer
d.
Innovator
Step-by-Step AI Explanation
Verified Method
An entrepreneur is defined as an innovator, an organizer of production factors, and a risk-bearer. They are owners/initiators of business, not employees, as employees work for others in exchange for wages. Therefore, (a) is the correct answer.
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India Tech public company issued equity shares and pref erence shares. After some years the company went into liquidation. Which t ype of shareholder will get their share capital first ? Explain.
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