F.Y.B.COM

Explain in detail the social objectives of the business fybcom sem 1

surajp47263 / June 15, 2022

F.Y.B.COM ( SEMESTER – I ) Commerce Paper I (Introduction to Business) Q3. Explain in detail the Social objectives of the Business. Social Objectives Business : Business is a part of a social System. A social system involves people and their Organisations in mutual relationship to each other. Business is an integral part of society. Following are the social objectives of business 1) Social Objectives towards Customers : The Survival and success of any business organisation depends on its cusumers. One universally accepted social objective of business is to satisfy consumers by providing goods and services as per their needs and expectations. Business activities are essential for meeting the needs of consumers. Business have to supplied quality good at reasonable price to the customer. 2) Social Objectives towards Employees : The Social Objective of a business firm towards its employees is to treat them with respect and provide them with the right compensation and facilities. Business should provide better wages, working conditions, good treatment to the employees. It also provide monetary and non-monetary benefits for satisfaction of the employees. This also ensures industrial peace and harmony. 3) Social Objectives towards shareholders : Shareholders invest their money in the business in the form of shares, debentures bonds etc. The basic objective is that the shareholder should receive a fair, return on their investment. The Objective of thebusiness is to utilise efficiently the money of the shareholder and give them fair return on their investment in the form of dividend a interest. 4) Social Objectives towards Government : A business organisation can’t function smoothly without the support and co-operation of the Government. Hence, it becomes necessary on the part of the organisation to fulfill its social duties towards the government. These include payment of taxes and duties, following the rules and regulations framed by the government from time to time, contributing towards the welfare activities of the government and so on. 5) Social Objectives towards Suppliers : The suppliers can play an important role in the success of an organisation by Supplying the right quality and quantity of material at the right time. Therefore, a business firm needs to have social objectives towards supplier in respect of timely payment of dues. Helping the suppliers in their financial requirements by making advance payments. 6) Social objectives towards Dealers : Dealers assist business firm by promoting and pushing goods and services in the market at the right time at the right place. It is one of the basic social objectives that be produced and supplied. If this basic demand of the society is met, the business may survive in the long run. 7) Social Objectives towards Society : Business organisation gain profit because of the support of the society. Naturally, they are expected to provide financial support for various social, educational and cultural activities. This is also necessary for maintaining cordial relations with the society. Business organizations must also support social welfare programmes.

COMMERCE, F.Y.B.COM, Question Bank, S

Explain the Meaning and scope of Business F.Y.B.COM SEM I Commerce Paper I

surajp47263 / May 24, 2022

F.Y.B.COM ( SEMESTER – I ) Commerce Paper I (Introduction to Business) Q1. Explain the Meaning and scope of Business. Meaning :- According to L.H. Haney, “Business is a human activity directed towards producing or acquiring wealth through buying and selling activities.” SCOPE OF BUSINESS Business has a very wide scope. It includes large number of activities. These activities may be grouped under Two broad categories i.e. Industry and commerce. I. Industry : The term industry refers to that part of business activity which directly concerns itself with production, processing or fabrication of goods and services. It creates form utility. In industry, raw materials are converted in to finished products, which can be used for consumption. Some industries manufacture consumer goods while others manufacture capital goods. Following are the various types of industriesa) Primary IndustriesThese industries are engaged in the production of primary goods, such as rice, cotton, fish etc. The best examples of this type of industries are Agriculture, fishing etc. b) Genetic Industries : `Genetic industry involves breeding and reproduction of plants and animals for the purpose of sale. Poultry, Plant nurseries, sericulture etc. are examples of genetic industry. The price of products available from such activities is generally less. c) Extractive Industries : Extractive industries extract valuable minerals, ores etc. from the natural elements like soil, water and air. These industries are concerned with the discovery and utilisation of natural resources such as minerals and forests. d) Manufacturing Industries : Manufacturing industries are concerned with the conversion of raw material into finished goods. They create form utility. The products of primary and extractive industries such as cotton, ironore, crude oil, etc. are used as a raw material in these industries. e) Construction Industries : Construction industries are concerned with the construction work like construction of bridges, dams, canals, roads, harbours, building etc. These industries do not operate in factory buildings but at the site allotted.. f) Service Industries : Service industries produce intangible goods i.e. goods which can’t be seen or touches for example transport, insurance, banking etc. These services are essential and useful for the expansion of business. II. Commerce : Commerce involves all those activities which facilitate transfer of ownership and movement of goods from the centers of production to the centers of consumption. In other word it involves all forms of trade and the services that assist trading. Commerce include trade and aids to trade. A) Trade : Trade means buying and selling of goods and services. It involves transfer of ownership of goods from the seller to buyer against money. In other words, trade is an exchange of goods and services for a price which the consumers are ready to pay. Consumers may be an individuals, government and industries who need raw materials. 1. Internal Trade : Internal trade is also known as home trade. It is conducted within the country. It can be at local level, regional level or national level. a) Wholesale trade : It involves buying in large quantities from producers and selling in smaller lots to retailers. The wholesaler is a link between manufacturers and retailers. b) Retail Trade : Retail trade involves buying in smaller lots from the wholesaler’s and Selling in very small quantities to the consumers for personal consumption. The retailer is the last link in the chain of distribution. He established a link between wholesaler and Consumers. 2. External Trade : The trade carried on between the traders of two different countries is called external trade. It is also called as International trade or foreign trade. It includes following trade. a) Export Trade : Export trade involves selling of goods from one country to another. For example, when goods are sold from India to America. b) Import trade : Import trade involves buying of goods from a Seller of another country. For example, a buyer from India purchases goods from a seller of china. c) Entrepot trade : When goods are imported from one country and then reexported to some other country, it is called entrepot. For example an Indian trader may buy goods from Bangladesh and then sell it to Pakistan. B) Aids-To-Trade Aids to trade constitute another component of commerce. Aids to trade include various agencies which are useful for the conduct of trading activities. There are as follows. a) Warehousing : There is a time gap between production and consumption. However, goods which are produced at one time are not consumed at the same time. Hence, it becomes necessary to make arrangement for storage or warehousing. Agricultural commodity like wheat and rice are seasonal in nature but are consumed throughout the year. On the other hand goods such as Umbrellas and woolen cloths are produced throughout the year but are demanded only during particular seasons. Therefore goods need to be stored in warehouses till they are demanded. b) Transport : There is a place gap from the place of production to the place of consumption. Goods are produced in one part of the country and Consumption in other parts of the nation. Transport fills the place gap. It meets out the gap between producer and consumer. It helps the manufacturer to expand their markets from local to regional, regional to national and national to global. c) Communication : Communications facilitates transfer of information. It involves transfer of messages from one person to another and from one place to another. It can be in oral or writing form of information. Oral communication can take place through telephone or personally. Written communication is possible through letter, fax, e-mail etc. It facilitates quick transfer of messages to take important decisions quickly. d) Insurance : Insurance reduces the problem of risks. Business is subject to risks and uncertainties. These are inevitable in the field of business. Risks may be due to fire, theft, accident or any other natural calamity. Insurance companies who act as risk bearer cover risks. Insurance tries to reduce risks by spreading them out over a greater

Business Economics, F.Y.B.COM, Question Bank

Business economics fybcom sem 1 mcq pdf

surajp47263 / February 18, 2022

1. The monopoly firm faces a _____ demand curve. a. veritcle b. Upward slopping c. Kinked d. downward sloping ANS: D 2. An _____ firm does not face a definite demand curve. a. Monopolistic competition b. Monopoly c. Perfect Competition d. Oligopoly ANS: D 3. All of the following are determinants of demand except _____ a. Consumer income b. Price related to goods c. Quantity supplied d. Size of population ANS: C 4. A perfect competitive firm faces a _____ demand curve for its product. a. upward sloping b. downward sloping c. vertical straight line d. horizontal straight line ANS: D 5. The demand curve under monopoly is a _____ curve. a. upward sloping b. downward sloping c. horizontal straight line d. None of the above ANS: B 6. When demand is perfectly elastic, the demand curve is _____. a. horizontal straight line b. vertical straight line c. Steep d. None of the above ANS: A 7. _____ is the desire for a commodity which is backed by ability and willingness to pay its price. a. Demand b. Supply c. Demand function d. Supply function ANS: A 8. Under oligopoly the firm faces a _____ demand curve. a. horizontal b. vertical c. upward sloping d. Kinked (Indeterminate) ANS: D 9. An endless demand at the given price is the case of ______ demand. a. Relatively elastic b. Unitary elastic c. perfectly elastic d. None of these ANS: C 10. A steeper demand curve represent relatively ______ demand. a. elastic b. perfectly c. elastic inelastic d. unitary ANS: C 11. If income rise by 10%, demand too rise by 10%, then income elasticity of demand is ______. a. Unitary elastic b. Relatively elastic c. unitary d. perfectly elastic ANS: C 12. If two goods are unrelated to each other, then it is ______ cross elasticity of demand. a. None of the above b. Positive c. Negative d. zero ANS: D 13. Advertisement elasticity of demand is always ______. a. Negative b. positive c. zero d. None of the above ANS: B 14. Different ______ are indicated by differently sloping income demand curve. a. price elasiticity b. Income elasticities c. Elasticity of substitution d. None of these ANS: B 15. A vertical straight line demand curve implies ______ degree of price elasticity. a. Positive b. Negative c. None ot these d. zero ANS: D 16. Commodities which requires a large portion of consumer’s income tend to have ______ demand. a. perfectly elastic b. Zero c. inelastic d. elastic ANS: D 17. Jointly demanded goods tend to have ______ demand. a. inelastic b. perfectly elastic c. Relatively inelastic d. inelastic ANS: D 18. A flatter demand curve represent relatively ______ demand. a. elastic b. Relatively elastic c. None ot the above d. inelastic ANS: A 19. If elasticity of demand = 1, the marginal revenue is ______. a. zero b. Infinity c. Positive d. Negative ANS: A 20. Which could be a positive cross elasticity demand between Butter and Jam? a. 1 b. – 0.9 c. 0.9 d. 2 ANS: B 21. When demand is perfectly elastic, the demand curve is : a. Steep b. Non-linear c. Linear d. Horizontal straight line ANS: D

Business Economics, F.Y.B.COM, Question Bank

F.Y.B.com business economics sem 1 mcq with answers pdf

surajp47263 / January 30, 2022

FYBCOM – BUSINESS ECONOMICS EXAM SEN 1. MCQ QUESTION BANK 1. The monopoly firm faces a _____ demand curve. a. veritcle b. Upward slopping c. Kinked d. downward sloping ANS: D 2. An _____ firm does not face a definite demand curve. a. Monopolistic competition b. Monopoly c. Perfect Competition d. Oligopoly ANS: D 3. All of the following are determinants of demand except _____ a. Consumer income b. Price related to goods c. Quantity supplied d. Size of population ANS: C 4. A perfect competitive firm faces a _____ demand curve for its product. a. upward sloping b. downward sloping c. vertical straight line d. horizontal straight line ANS: D 5. The demand curve under monopoly is a _____ curve. a. upward sloping b. downward sloping c. horizontal straight line d. None of the above ANS: B 6. When demand is perfectly elastic, the demand curve is _____. a. horizontal straight line b. vertical straight line c. Steep d. None of the above ANS: A 7. _____ is the desire for a commodity which is backed by ability and willingness to pay its price. a. Demand b. Supply c. Demand function d. Supply function ANS: A 8. Under oligopoly the firm faces a _____ demand curve. a. horizontal b. vertical c. upward sloping d. Kinked (Indeterminate) ANS: D 9. An endless demand at the given price is the case of ______ demand. a. Relatively elastic b. Unitary elastic c. perfectly elastic d. None of these ANS: C 10. A steeper demand curve represent relatively ______ demand. a. elastic b. perfectly c. elastic inelastic d. unitary ANS: C 11. If income rise by 10%, demand too rise by 10%, then income elasticity of demand is ______. a. Unitary elastic b. Relatively elastic c. unitary d. perfectly elastic ANS: C 12. If two goods are unrelated to each other, then it is ______ cross elasticity of demand. a. None of the above b. Positive c. Negative d. zero ANS: D 13. Advertisement elasticity of demand is always ______. a. Negative b. positive c. zero d. None of the above ANS: B 14. Different ______ are indicated by differently sloping income demand curve. a. price elasiticity b. Income elasticities c. Elasticity of substitution d. None of these ANS: B 15. A vertical straight line demand curve implies ______ degree of price elasticity. a. Positive b. Negative c. None ot these d. zero ANS: D 16. Commodities which requires a large portion of consumer’s income tend to have ______ demand. a. perfectly elastic b. Zero c. inelastic d. elastic ANS: D 17. Jointly demanded goods tend to have ______ demand. a. inelastic b. perfectly elastic c. Relatively inelastic d. inelastic ANS: D 18. A flatter demand curve represent relatively ______ demand. a. elastic b. Relatively elastic c. None ot the above d. inelastic ANS: A 19. If elasticity of demand = 1, the marginal revenue is ______. a. zero b. Infinity c. Positive d. Negative ANS: A 20. Which could be a positive cross elasticity demand between Butter and Jam? a. 1 b. – 0.9 c. 0.9 d. 2 ANS: B 21. When demand is perfectly elastic, the demand

F.Y.B.COM, Financial Account, Financial Management, Question Bank

F.Y.B.Com Accountancy And Financial Management MCQ PDF

surajp47263 / January 22, 2022

Accountancy And Financial Management MCQ PDF 1) If the rate of gross profit is 25% on cost it will be equal to a) 20% on sales b) 20% on cost c) 1/3 on sales d) 1/5 on cost 2) Fire insurance provides cover for a) Tangible assets b) Intangible assets c) Fictitious assets d) None of these 3) The average clause in a loss of profit protects the a) Insurer b) Insured c) Workers d) None of these 4) Fire insurance policy is taken up to indemnify a) Capital losses to tangible property b) Revenue losses to tangible property c) Capital losses to tangible property d) None of these 5) Claim to be lodged with insurance company is for a) Closing stock +salvaged good b) Closing stock on the date of fire – salvaged goods c) Policy amount – salvaged goods d) None of these 6) Goods recovered in good condition at the time of fire accident is called a) Salvaged goods b) Saved goods c) Damaged goods d) None of these 7) If del- credere commission is allowed for bad debt, consignee will debt the bad debt amount to a) Commission earned A/C b) Consignor A/C c) Debtors A/C d) General profit & loss A/C 8) If del- credere commission is not allowed for bad debt, consignee will debt the bad debt amount to a) Commission earned A/C b) Consignor A/C c) Debtors A/C d) General profit & loss A/C 9) If del- credere commission is allowed by consignee to consignee the bad debt (in the books of consignor) a) Will not be recorded in consignor’s books b) Will be debited in consignment A/C c) Will be charged to general P/L A/C d) Will be debited to the consignee’s A/C 10) Under stock and debtors method, branch stock account helps to a) ascertain net profit/loss of branch b) ascertain gross profit/loss of branch c) ascertain closing stock at the branch d) ascertain cost of goods sent to the branch 11) which of the following item is not credited to consignment account ? a) cash sales made by consignee b) credit sales made by consignee c) consignment stock d) stock reserve on closing stock 12) which of the following expenses of consignee will be considered as non-selling expenses? a) Advertisement b) Insurance c) Selling expenses d) None of these 13) With reference to consignment, loading is the difference between a) Selling price and cost price b) Selling price and invoice price c) Invoice price and cost price d) Invoice price and net realizable value 14) Out of the given option which cannot be treated as part of cost of purchase for valuing stock on hand. a) Packaging b) Octroi c) Delivery charges d) Freight 15) On receipt of advance from consignee in books of consignor which account should be credited. a) Consignee b) Cash / bank c) Bills receivable d) Consignment 16) As per average clause insurance company pays compensation a) Proportionately b) More than the loss c) Less than the loss 17) Which valuing closing stock consignment, the ______expenses incurred by consignor are added to the cost of stock. a) Full b) half c) Proportionate d) Nil 18) In consignment the goods are despatched on the basis that the goods will be sold on behalf of, at the expense and at the risk of a) Consignor b) Consignee c) Transporter d) None of these 19) To lodge claim for the loss of stock by fire, the value of _______ on the date of fire has to be estimated. a) Opening stock in trade b) Closing stock in trade c) Sales d) Claim 20) With reference to consignment, which of the following is correct ? a) Sales account is sent by the consignor b) Sales account is sent by the consignee c) an account sales is sent by the consignor d) an account sales is sent by the consignee 21) In consignment accounting, to consign means ______ a) to receive b) to purchase c) to send d) to transfer 22) In consignment accounting consignor is _______ a) principal b) agent c) debtor of the consignee d) none of them 23) In consignment accounting, consignment is _______ a) real A/C b) personal A/C c) nominal A/C d) none them 24) In consignment accounting, consignee account is _______ a) real A/C b) personal A/C c) nominal A/C d) none them 25) In consignment accounting, if discount is treated as “consignment expenses” if is debited to _______ a) Consignment A/C b) Profit and loss A/C c) Consignee A/C d) Consignor A/C

COMMERCE, F.Y.B.COM, Question Bank

F.y.b.com sem 1 commerce mcq pdf

surajp47263 / January 12, 2022

F.y.b.com Sem.1 Commerce MCQ PDF 1. William Glueck in his book “Strategic Management” has identified the strategy alternative except a. Retraction b. Competition Act c. Liberalization d. Bio ligation ANS: A 2. The firm using strategy concentrates on the current product and current market a. Stability b. Current c. Marketing d. Product ANS: A 3. Stability strategy involves risk as compared to growth strategy. a. Less b. Max c. More d. Come ANS: A 4. This strategy is adopted by those firms that adopt traditional management philosophy they adopt a narrow or a traditional approach towards growth and development a. Stability b. Process function c. Managing function d. Sales function ANS: A 5. ______ is a type of intensification strategy a. Market Development Strategy b. intensification strategy c. Managing Development d. Marketing Development ANS: A 6. ____ is a type of diversification strategy a. intensification strategy b. Managing Development c. Marketing Development d. Horizontal Diversification ANS: D 7. This strategy involves extending existing product to new market a. Market Development Strategy b. intensification strategy c. Managing Development d. Marketing Development ANS: A 8. _____ is not a type of diversification a. intensification strategy b. Managing Development c. Marketing Development d. Congletome Diversification ANS: D 9. A ____ may take place between two or more firms either from the same country or from different countries a. joint venture b. Come Venture c. Country venture d. Either venture ANS: A 10. ____ is not a Reasons for Merger / Advantages a. Customer complaint b. intensification strategy c. Managing Development d. Marketing Development ANS: A 11. ____ is not a reason for takeover a. Exit formalities b. intensification strategy c. Managing Development d. Come Formalities ANS: A 12. ____ is a type of retrenchment strategy a. Divestment b. retrenchment c. strategy d. Organisation ANS: A 13. In this case the organisation takes a decision to sell its entire business and the funds so realized can be invested in some other business a. Liquidation b. Divestment c. retrenchment d. Organisation ANS: A 14. The ____environment comprises of the firm Strategies & Policies, management relationships manpower resources like manpower, capital etc a. Internal b. External c. Sociology d. Psychology ANS: A 15. In SWOT W stands for ____ a. Weakness b. Divestment c. retrenchment d. Organisation ANS: A 16. A ___ statement reflects the vision the purpose and the philosophy of the organization. a. Mission b. Divestment c. retrenchment d. Organisation ANS: A 17. It relates to the human population in terms of age, size literacy rate, rural urban population, occupation a. Demographic environment b. intensification strategy c. Managing Development d. Marketing Development ANS: A 18. _____environment includes laws which define and protect the rights of individual and Organisation a. Legal Environment b. Professional Environment c. intensification strategy d. Managing Development ANS: A 19. By reducing tariff barriers in WTO replaced GATT. a. 1995 b. 1955 c. 1877 d. 1936 ANS: A 20. GATS = General Agreement on Trade in _____ a. Services b. Goods c. Product d. Services ANS: A 21. ____gives protection to patent, copyright and Trademark a. TRIP Agreement b. Globalisation c. Competition Act d. Liberalization ANS: A 22. _____ is a positive impact of trading bloc a. Globalisation b. Competition Act c. Liberalization d. Employment ANS: D 23. Critics point out that regionalism results in lack of interest in ______ a. Multilateralism b. Globalisation c. Competition Act d. Liberalization ANS: A 24. Regionalism lead to trade ____ rather than trade creation. a. Diversion b. Globalisation c. Competition Act d. Liberalization ANS: A 25. Analysis of competitors strategies is an element of ______environmental analysis a. External b. Internal c. Receipt d. Payment ANS: A Other Subject MCQ LINK Below COMMERCE https://www.mumbaiuniversityidol.com/2021/04/commerce-fybcom-mcq-pdf-fybcom-sem-2.html BUSINESS ECONOMIC https://www.mumbaiuniversityidol.com/2021/04/fybcom-mcq-for-business-economics.html FOUNDATION COURSE 1) https://www.mumbaiuniversityidol.com/2021/05/foundation-course-mcq-questions-and.html 2) https://www.mumbaiuniversityidol.com/2021/05/fybcom-foundation-course-mcq-pdf.html ENVIRONMENTAL STUDIES https://www.mumbaiuniversityidol.com/2021/04/fybcom-environmental-studies-mcq-pdf.html MATHEMATICAL AND STATISTICAL TECHNIQUES https://www.mumbaiuniversityidol.com/2021/04/fybcom-mathematical-mcq-pdf.html F.y.b.com commerce mcq pdf Fybcom sem 1 commerce mcq pdf with answers F.y.b.com commerce sem 1 mcq Fyb.com mcq question pdf pune university B.com mcq question pdf mumbai university Fyb.com mcq question pdf pune university 2021 Fyb.com mcq question pdf pune university Commerce 1 f.y.b.com mcq with answers Fybcom sem 1 mcq pdf with answers Fyb.com mcq question pdf sem 1 Fybcom sem 1 mcq questions and answers F.y.b.com sem 1 commerce mcq pdf Commerce 1 f.y.b.com mcq pdf One Best Website For MCQ Name And link Below Suraj Patel Education www.surajpateleducation.com F.Y.B.Com All Subject MCQ PDF Only One Link https://www.surajpateleducation.com/2021/05/fy-all-subject-most-importance-mcq.html If You Need Most Importance MCQ PDF COMMERCE Question Bank Than Pay Rs 100 Only Contact 8652719712 / 8779537141 Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation F.Y.J.C EXAM :- https://t.me/FYJCexam S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam YouTube Channel https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw

Business Communication, F.Y.B.COM, Question Bank

F.Y.B.com business communication mcq pdf

surajp47263 / January 4, 2022

FYB.Com Business Communication Most Important Question Bank Mumbai University F.Y.B.Com All Subject MCQ Link In One Link https://www.surajpateleducation.com/2021/05/fy-all-subject-most-importance-mcq.html 1. ——-are periodic publications of an organization. A. House Organs B. Newspaper C. Press Clippings D. Press Release ANS: A 2. A Bulletin usually deals with—- A. a single item B. more than one item C. varied items D. sports news only ANS: A 3. ————connects employees at various levels. A. External Public Relations B. Production Department C. Internal Public Relations D. Research & Development Department ANS: C 4. ————-publishes company profile and achievements. A. E-mail B. An Advertisement C. A Notice D. A Web Page ANS: D 5. The ————–is the vehicle through which an organization attempts to maintain communication with its public. A. Public Relations Department B. Accounts Department C. Human Resource Department D. Research and Development Department ANS: A 6. An Organization’s ———-includes customers, shareholders, investors, other business persons, govt people, social workers etc. A. External Public B. People C. Staff D. Management ANS: A 7. An Employee magazine is called————– A. House Organs B. Bulletins C. Newsletter D. Press clipping ANS: A 8. Company newspapers are called ——– A. House Journal B. House Organs C. News Bulletins D. Newspapers ANS: C 9. ‘Product Failure and Takeovers’ are the types of ————-. A. Business Crisis B. Employee’s problems C. Natural Calamity D. Events ANS: A 10. ————-letter of inquiry is sent by buyer to seller in response to an advertisement appearing in newspaper. A. A Solicited B. An Unsolicited C. An Informal D. A Legal ANS: A 11. ———————–letter of Inquiry is sent by a buyer on his own initiative . A. A Solicited B. An Unsolicited C. An Informal D. A less formal ANS: B 12. A Business transaction begins with a letter of —————. A. Order B. Inquiry C. Complaint D. Reply to inquiry ANS: B 13. A Reply to Inquiry letter is sent by………………… A. buyer to seller B. customer C. seller to buyer D. the Third Party ANS: C 14. Replies to Letters of Complaint are called —————– A. Consumer Grievance Letters B. Inquiry Letters C. Sales Letters D. Adjustment Letters ANS: D 15. The ____________is a kind of advertising in Business Communication where informality is appreciated. A. Letter of Inquiry B. Letter of Complaint C. Sales Letter D. Consumer Grievance Letter ANS: C 16. The Purpose of a Sales Letter is to —— A. enquire about the product B. complain against services C. promote sales of goods/services D. place order for goods ANS: C 17. According to the STAR-CHAIN-HOOK method of drafting a sales letter,——— Paragraph represents STAR. A. the Introductory B. the Middle C. the Closing D. the Concluding ANS: A 18. According to the STAR-CHAIN-HOOK method of drafting a sales letter,——— Paragraph represents CHAIN. A. the Introductory B. the Middle C. the Closing D. the Concluding ANS: B 19. According to the STAR-CHAIN-HOOK method of drafting a sales letter,——— Paragraph represents HOOK: A. the Introductory B. the Middle C. the Closing D. the opening ANS: C 20. Read the given sentence and state in which paragraph of a Sales Letter could this sentence be included?:”The special Discount will be on orders placed before 1st October 2020. So hurry up, please!” —– A. The Introductory Paragraph B. The Middle Paragraph C. The Closing Paragraph D. The Opening Paragraph ANS: C 21. ————-creates awareness of consumers’ legitimate rights. A. The Consumer Guidance Cell B. Lawyer C. Any Court D. The Police Department ANS: A 22. A person who buys any “goods” or hires any “services” for a consideration/price is a——— A. Seller B. Consumer C. Businessperson D. Lawyer ANS: B 23. In order to carry out the purpose and objects of the Consumer Protection Act, District Forum, State Commission, and National Commission are established as ——. A. Private Agencies B. Government Agencies C. Consumer Dispute Redressal Agencies D. Agencies ANS: C 24. Read the following situation and answer the question given below it by selecting the correct option:Mani Mehta purchased a T.V. set worth Rs 50,000 from Amina Electronics, Dadar (W). But the set was found to be defective. So Mani Mehta kept complaining to the seller about the set. But the seller gave only temporary repair service . Mr Mehta’s all written and oral complaints brought no response from the seller. Even his request to replace the defective set with a fresh one as it was within the warranty period , was paid no heed. So Mr Mehta has decided to complain to the Consumer Forum. Q What is the Nature of Complaint in this situation?—– A. Supply of substandard goods : defective T.V Set B. Temporary Repair service C. Complaint against seller D. Complaint ANS: A 25. The Public Information Officer should respond to RTI Application within———days of the receipt of application. A. 40 B. 25 C. 10 D. 30 ANS: D If You Need Most Importance MCQ Business Communication Question Bank Than Pay Rs 100 Only 8652719712 = Google Pay , Phone Pay , Paytm Contact 8652719712 / 8779537141 Amazon Prime Link : https://amzn.to/3iERlkQ Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation S.S.C EXAM:- https://t.me/joinchat/wIOptdUxh8A3YWU1 F.Y.J.C EXAM :- https://t.me/FYJCexam S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam YouTube Channel https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw

Business Economics, F.Y.B.COM, Question Bank

Business Economics F.Y.B.com sem 1 pdf 2021

surajp47263 / August 18, 2021

Business Economics F.Y.B.com sem 1 1. The market demand schedule shows an _____ relationship between price and demand. a. direct b. No c. inverse d. none of these ANS: C 2. The market demand curve slopes _____. a. upwards b. Horizontal c. Vertical d. downward ANS: D 3. _____ refers to the total quantities of commodity offered for sale by all in producers. a. equilibrium price b. Market demand c. None of these d. market supply ANS: D 4. When the market schedule is plotted on a graph we get _____ curve. a. Equilibrium point b. Market demand c. None of these d. market supply ANS: D 5. The market supply curve slopes _____ to the right. a. downward b. upwards c. Vertical d. Horizontal ANS: A 6. The _____ is determined by the interaction of market demand and supply. a. market b. price c. equilibrium point d. none of these ANS: A 7. The point at which quantity demand equals to supply is the _____. a. equilibrium point b. none of these c. EVS d. FRM ANS: A 8. With an increase in supply, demand remaining unchanged, the equilibrium price _____. a. raised b. falls c. constant d. none of these ANS: B 9. Shift in the supply curve to the left will _____ the equilibrium price. a. no effect b. increase c. decreased d. none of these ANS: D 10. Shift in the supply curve to the left will increase the _____. a. Market demand b. equilibrium price c. Market supply d. none of these ANS: B 11. The market demand curve slopes _____ from left to right. a. downward b. upward c. horizontal d. vertical ANS: A 12. The market supply schedule shows _____ relationship between price and quantity supplied. a. inverse b. direct c. no d. none of these ANS: B 13. The point at which the quantity demanded equals supplied is the _____. a. total supply b. total demand c. equilibrium point d. none of these ANS: C 14. A case of increase in demand, supply remaining unchanged, the equilibrium price _____. a. rises b. falls c. constant d. none of these ANS: A 15. A case of decrease in supply, demand remaining unchanged, the equilibrium price _____. a. falls b. rises c. constant d. None of these ANS: B 16. As price _____ , quantity demanded decreases and quantity supplies increases. a. decreases b. increases c. remain constant d. None of these ANS: B 17. Market _____ is derived by adding up all the individual demand. a. demand b. supply c. price d. none of these ANS: A 18. Which of the following shows the relationship between the price of a good and the amount of the good that consumers want at that price? a. Supply curve b. Demand curve c. Supply schedule d. Production possibilities frontier ANS: B 19. The market clearing price is also called the ________. a. current price b. prevailing price c. equilibrium price d. None of the above ANS: C 20. A straight line demand curve implies _____ demand function. a. Linear b. Non– Linear c. Steep d. Vertical

COMMERCE, F.Y.B.COM, Question Bank

F.y.b.com commerce mcq pdf | Fybcom commerce mcq pdf with answers

surajp47263 / July 13, 2021

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COMMERCE https://www.mumbaiuniversityidol.com/2021/04/commerce-fybcom-mcq-pdf-fybcom-sem-2.html BUSINESS ECONOMIC https://www.mumbaiuniversityidol.com/2021/04/fybcom-mcq-for-business-economics.html FOUNDATION COURSE 1) https://www.mumbaiuniversityidol.com/2021/05/foundation-course-mcq-questions-and.html 2) https://www.mumbaiuniversityidol.com/2021/05/fybcom-foundation-course-mcq-pdf.html ENVIRONMENTAL STUDIES https://www.mumbaiuniversityidol.com/2021/04/fybcom-environmental-studies-mcq-pdf.html MATHEMATICAL AND STATISTICAL TECHNIQUES https://www.mumbaiuniversityidol.com/2021/04/fybcom-mathematical-mcq-pdf.html 1. Business is а ______асtivity а. Оrgаnized b. Рersоnnel с. Extrасtive d. Соmmerсe АNS: А 2. ____funсtiоn is соnсerned with the mаnаgement оf рeорle in the оrgаnizаtiоn а. Рersоnnel b. Оrgаnized с. Рersоnnel d. Extrасtive АNS: А 3. ____ industries аre соnсerned with extrасting mаteriаls оr minerаls frоm nаturаl resоurсes а. Оrgаnized b. Рersоnnel с. Extrасtive d. Соmmerсe АNS: С 4. ______ is соnсerned with the exраnsiоn оf mаrkets а. Оrgаnized b. Рersоnnel с. Extrасtive d. Соmmerсe АNS: D 5. ______ is соnсerned with imроrting оf gооds & then selling the sаme in аnоther соuntry а. Entreроt b. Оrgаnized с. Рersоn d. Extrасtive АNS: А 6. _____ is nоt а gender relаted рrоblem fасed by wоmen entreрreneurs а. Wоmen b. Quаlities с. Entreрreneur d. рооr quаlity соntrоl АNS: D 7. _____ is nоt аn eсоnоmiс fасtоrs а. рersоnаl fасtоr b. Рrосess с. Quаlities d. Entreрreneur АNS: А 8. ______ is nоt а nоn eсоnоmiс fасtоr а. bаnk сredit b. bаnk debit с. аssets debit d. liаbility АNS: А 9. _____ is nоt а feаture оf entreрreneur а. Disоrgаnised аbilities b. рersоnаl fасtоr с. Рrосess d. Entreрreneur АNS: А 10. А ____ is саutiоus in his аррrоасh & tries tо аvоid mistаkes & surрrises а. рersоnаl fасtоr b. Рrосess с. Quаlities d. Mаnаger АNS: D 11. ______fills the knоwledge gар а. Аdvertising b. Internаl с. Eсоnоmiс d. Miсrо АNS: А 12. ______соnсeрt оf business is соnсerned with сustоmer sаtisfасtiоn а. Eсоnоmiс b. Miсrо с. Mоdern d. Mасrо АNS: С 13. ______ refers tо the reduсtiоn оf Gоvernment соntrоl оver business seсtоr а. Liberаlizаtiоn b. Eсоnоmiс с. Miсrо d. Mоdern АNS: А 14. Аnаlysis оf _____ envirоnment indiсаtes strengths & weаknesses оf the оrgаnisаtiоn а. Internаl b. Lарtор с. SMS d. Emаil АNS: А 15. _____ envirоnment is influenсed by eсоnоmiс роliсies оf the Gоvernment а. Аdvertising b. Internаl с. Соmmuniсаtiоn d. Eсоnоmiс АNS: D 16. The key stength оf smаll business рersоn is nоt ____ а. Рrосess b. Quаlities с. Entreрreneur d. Рessimism АNS: D 17. The key strength оf ____ tyрe оf entreрreneur is Desire, time mаnаgement & саutiоn а. Рrосess b. Gооd Interviewers с. Entreрreneur d. Free Time Entreрreneur АNS: D 18. _____ аre individuаls with innоvаtiоn sоlutiоn tо sосiety’s mоst рressing sосiаl рrоblem а. Sосiаl Entreрreneur b. Рrосess с. Quаlities d. Entreрreneur АNS: А 19. _____ is nоt а соmрetenсies оf entreрreneur а. Reасtive b. Effeсt с. Рrоduсtiоn d. Sосiety АNS: А 20. _____ is nоt а tyрe оf Entreрreneurshiр trаining сenter а. SIM b. SDB с. MСV d. SBK АNS: А 21. _______envirоnment is соnсerned with different аsрeсts оf рорulаtiоn а. Demоgrарhiс b. Liberаlizаtiоn с. Eсоnоmiс d. Miсrо АNS: А 22. ______аgreement is соnсerned with liberаlizаtiоn оf internаtiоnаl investments а. TRIMS b. Liberаlizаtiоn с. Eсоnоmiс d. Miсrо АNS: А 23. Сustоmers fоrm а раrt оf ______envirоnment а. Trаde b. SААRС с. Miсrо d. Business АNS: С 24. WTО wаs reрlасed by GАTT in the yeаr _____ а. 1999 b. 1955 с. 1996 d. 1956 АNS: B 25. ____ is а trаding blос соnsisting оf Sоuth Аsiаn соuntries а. Trаde b. SААRС с. Miсrо d. 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F.Y.B.COM, Financial Management, Question Bank

F.Y.B.COM ACCOUNTING AND FINANCIAL MANAGEMENT MCQ

surajp47263 / July 2, 2021

1. Usually, in a single entry system _____________. A. Only manual accounts are maintained B. Only cash and personal accounts are maintained C. Only real accounts are maintained D. Only nominal accounts are maintained ANS: B 2. Profit can be ascertained from the incomplete records under Single entry by using ____________. A. Only Statement of affairs method B. Only Conversion method C. Either Statement of affairs or conversion method D. Neither Statement of affairs nor conversion method ANS: C 3. If books are kept under single entry system, Credit sales are ascertained by preparing __________. A. Total Creditors A/c B. Credit sales A/c C. Trading A/c D. Total Debtos A/c ANS: D 4. If books are kept under single entry system, Credit purchases are ascertained by preparing __________. A. Total Creditors A/c B. Credit sales A/c C. Trading A/c D. Total Debtos A/c ANS: A 5. If books are kept under single entry system, opening stock is ascertained by preparing ___________. A. Opening stock A/c B. Stock register C. Memorandum Trading A/c D. Opening statement of Affairs ANS: C 6. Under stock and Debtors method, Branch stock account helps to ___________. A. Ascertain net profit / loss of the branch B. Ascertain cost of goods sent to the branch C. Ascertain closing stock at the branch D. Ascertain Gross profit/loss of the branch ANS: B 7. Branch Adjustment Account is opened __________. A. Under debtors method, when goods are sent by HO to branch at cost B. Under stock and debtors method, when goods are sent by HO to branch at cost C. Under debtors method, when goods are sent by HO to branch at invoice price D. Under stock and debtors method, when goods are sent by HO to branch at invoice price ANS: D 8. Branch Account under debtors system is a __________. A. Real A/c B. Nominal A/c C. Personal A/c D. Representative personal A/c ANS: B 9. When Branch ‘A’ sends goods to Branch ‘B’ in the books of Branch ‘A’ debit is given to A. Sales return A/c B. Branch B A/c C. Head office A/c D. Purchase return A/c ANS: C 10. The cash and credit sales of a branch are Rs.5,000 and Rs.10,000 respectively. The amount collected from debtors is Rs.10,000. Under Debtors system the amount credited to branch will be _____ A. Rs.20,000 B. Rs.15,000 C. Rs.25,000 D. Rs.10,000 ANS: B 11. Cash received from debtors needed for the construction of cash account can be ascertained from ___________. A. Total Creditors A/c B. Total Debtors A/c C. Analysis of cash book D. Balance sheet ANS: B 12. Closing balance of trade creditors can be ascertained from ___________. A. Total Creditors A/c B. Total Debtors A/c C. Bills Payable A/c D. Cash A/c ANS: A 13. An estimate of assets and liabilities as on a date is called __________. A. Balance sheet B. Statement of affairs C. Statement of Capital D. Trial Balance ANS: B 14. Bills Payable dishonoured are debited to ________ Account. A. Bills Receivables B. Bills Payable C. Sundry Debtors D. Sundry Creditors ANS: B 15. With the available information a trader need to convert the incomplete records into complete records, it is known as _________. A. Complete records method B. Statement of affairs method C. Conversion method D. Random method ANS: C 16. Goods are sent to the Branch at 20% margin on selling price. When Branch stocks disclose a surplus of Rs.2,000 the amount to be credited to Branch Adjustement A/c will be ________. A. Rs.2,000 B. Rs.333 C. Rs.1,600 D. Rs.400 ANS: D 17. In Branch Accounts, Depreciation on branch assets under debtors system is ___________. A. Not shown separately in branch A/c B. Shown in Branch A/c C. Not accounted D. Shown in the Profit & loss A/c of head office ANS: A 18. Stock reserve in relation to cloaing stock appears ___________. A. On the credit side of branch A/c B. On the debit side of branch A/c C. On the debit side of Profit & loss A/c D. On the credit side of profit & loss A/c ANS: B 19. Which of the following statement is True ? A. The income, expenses, assets and liabilities of an independent branch can be ascertained only by HO B. Purchase of fixed assets by branch on credit will be recorded in the branch A/c kept under the Debtor method C. Receipts from branch debtors are not recorded in the Branch account kept under the Debtor method. D. Under stock and debtors method, branch stock A/c is opened in order to ascertain net profit/loss of branch ANS: C 20. Which of the following statement is False A. Consignor is the owner of the consignment A/c B. Del-credere commission is allowed by consignor to protect himself for bad debt C. Proportionate consignor’s expenses is added up with consignment stock D. All proportioante consignee’s expenses will be added up for valuation of consignment stock ANS: D 21. If total stock is Rs.50,000; the value of policy is Rs.70,000 and the entire stock is lost, the claim will be for _________. A. Rs. 70,000 B. Rs. 35,714 C. Rs. 50,000 D. Rs. 60,000 ANS: C 22. The Balancing figure in Memorandum Trading A/c prepared by a trader who has lost goods in fire indicates ___________. A. Gross profit on stock lost B. Estimated closing stock as on date of fire C. Value of fire insurance policy D. Amount of claim to be made from Insurance company ANS: B 23. If there are any damaged or obsolete items in stock lost by fire, the Memorandum Trading A/c _____________. A. Should show only the normal items B. should have two amount columns on each side for Normal items and Abnormal items C. Should show only the abnormal items D. should have only one amount columns on either side for Normal items and Abnormal items ANS: B 24. If there are damaged or absolete items in stock lost by fire, the amount

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