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CHECK YOUR BUSINESS & ECONOMICS KNOWLEDGE|| DBL QUIZ 2021

Welcome to dbl business and economics knowledge quiz 2021.Please read the following questions carefully and choose the right answer from the options. There are 20 total questions related to business and economics knowledge.

CHECK YOUR BUSINESS & ECONOMICS KNOWLEDGE|| DBL QUIZ 2021

Quiz

 

1. Which of the following is not the limitation of a sole trading concern?
   1.   capital
   2.   liability
   3.   Mangerial Ability
   4.   Individual Freedom
2. A partner who is not actively involved in the partnership?
   1.   minor partner
   2.   nominal partner
   3.   limited partner
   4.   dormant partner
3. A bank reconciliation statement is prepared by:-
   1.   a bank
   2.   editors
   3.   a firm
   4.   lenders
4. Mixed Economy means
   1.   existence of the private sector only
   2.   existence of master and servent
   3.   coexistence of heavy and small indsustries
   4.   coexistence of both public and private sectors
5. Microeconomics is primarily concerned with:
   1.   supply of money
   2.   national income
   3.   decision by a company
   4.   unemployment rate
6. Business is defined as:
   1.   industry and rate
   2.   industry and commerce
   3.   trade and commerce
   4.   commerce and services
7. Which of the following is not true?
   1.   A private limited company must have at least two shareholders
   2.   A private limited company must have not more than 50 shareholders
   3.   The joint stock companies can sell their shares in open market
   4.   The registration of partnership firm is necessary
8. The document inviting deposits from the public for the purchase of any share of a company is called:
   1.   Memorandom of Association
   2.   Articles of Association
   3.   Prospectus
   4.   Tender Notice
9. Which of the following is not the advantages of sole trading concern:
   1.   secrecy
   2.   limited liability
   3.   flexibility
   4.   quick decision
10. Partnership deed is called :
    1.   a document prepaared to issue shares
    2.   an agreement among partners
    3.   a documnet prepared to secure public confidence
    4.   all of the above
11. Trade is defined as:
    1.   Trade and commerce
    2.   trade and service
    3.   home trade and foreign trade
    4.   industry and commerce
12. Goods purchased on cash should be debited to :
    1.   cash account
    2.   goods account
    3.   purchaser's account
    4.   seller's account
13. Cash account is related to :
    1.   nominal account
    2.   personal account
    3.   real account
    4.   all of above
14. Depreciation is provided on:
    1.   Fixed assets
    2.   outward changes
    3.   current assets
    4.   intangible assets
15. The fundamental economic problem faced by all societies:
    1.   unemloyment
    2.   inequality
    3.   poverty
    4.   scarcity
16. An incraese in the money supply will cause interest rates to:
    1.   rise
    2.   fall
    3.   remain unchanged
    4.   none
17. If there is a price floor, there will be:
    1.   shortages
    2.   surpluses
    3.   equilibriam
    4.   none of the above
18. The moneytary base is composed of:
    1.   gold and silver
    2.   currency only
    3.   currency and reserves
    4.   currency and checkable deposits
19. If the nominal interest rate is 5% and the inflation rate is 2 % ,the real interest rate is:
    1.   2%
    2.   3%
    3.   5%
    4.   7%
20. Skills that embodied in a person are called:
    1.   Human capital
    2.   Embodied skills
    3.   physical capital
    4.   Experience skills

 DBL QUIZ 2021-CHECK YOUR BUSINESS & ECONOMICS KNOWLEDGE

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