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 … Read more
1. The ________________ has made primary education as a fundamental right of every child between the ages of 6 and 14. a. Right to Equality b. Cultural and Educational Rights c. Right to Speech d. Right to Education ANS: D 2. ________________ are those rights which are essential for intellectual, moral and spiritual … Read more
F.Y.B.Com Foundation Course 1. The transfer of control of ownership from the public sector to the private sector is called as __________. a. Liberalisation b. Privatisation c. Globalisation d. Industrialisation ANS: B 2. The term __________ refers to the integration of the economy of the nation with the world economy; it is … Read more
SUBJECT- COMMERCE (F.Y.B.COM) 1. India’s service sector contributes to about ————percent of the country’s GDP. a) 35% b) 60% c) 80% d) 55% ANS: B 2. India’s service sector contributes to about ————percent of the total employment. a) 35% b) 50% c) 70% d) 65% ANS: A 3. ———— is … Read more
FYBCOM – BUSINESS ECONOMICS MCQ QUESTION BANK FOR PRACTICE 1………..is characteristic of perfect competition. A. Single seller B. Selling cost C. Kinked demand curve D. Perfect information ANS: D 2. Under perfect competition firm is———— A. Price maker B. Price taker C. Product differentiated D. Price rigidity ANS: B … Read more