1729 + Interview Questions in Business Studies Page 22 InterviewSolution

1051.	Raju, is a contractor, appointed by Ram Singh to manage his entire work. It was agreed that Ram Singh would receive 50% of the profits as his remuneration and would bear all the losses, if any. Here,Ram Singh is
Answer» Raju, is a contractor, appointed by Ram Singh to manage his entire work. It was agreed that Ram Singh would receive 50% of the profits as his remuneration and would bear all the losses, if any. Here,Ram Singh is

Discussion

1052.	With the help of which machine withdrawing of money from the bank is possible?
Answer» With the help of which machine withdrawing of money from the bank is possible?

Discussion

1053.	Statement Some bags are trunks All trunks are shirts Some shirts are books All books are shops. Conclusions I. Some shops are bags II. Some books are bags III. Some shops are shirts IV. Some shirts are bags.
Answer» Statement Some bags are trunks All trunks are shirts Some shirts are books All books are shops. Conclusions I. Some shops are bags II. Some books are bags III. Some shops are shirts IV. Some shirts are bags.

1053.

Statement Some bags are trunks All trunks are shirts Some shirts are books All books are shops. Conclusions I. Some shops are bags II. Some books are bags III. Some shops are shirts IV. Some shirts are bags.

Answer»

Statement

Some bags are trunks

All trunks are shirts

Some shirts are books

All books are shops.

Conclusions

I. Some shops are bags

II. Some books are bags

III. Some shops are shirts

IV. Some shirts are bags.

Discussion

1054.	Explain how international trade promotes industrialisation?
Answer» Explain how international trade promotes industrialisation?

Discussion

1055.	What do you understand by Export and Import? Mention their advantages and limitations.
Answer» What do you understand by Export and Import? Mention their advantages and limitations.

Discussion

1056.	Write the merits of departmental undertakings.
Answer» Write the merits of departmental undertakings.

Discussion

1057.	People are not using credit cards in the current year due to rampant credit card related fraud.
Answer» People are not using credit cards in the current year due to rampant credit card related fraud.

Discussion

1058.	What do you mean by owner's fund? When is it not suitable?
Answer» What do you mean by owner's fund? When is it not suitable?

Discussion

1059.	Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance. (a) Credit sales to Mohan Rs. 7000 were recorded in purchase book. However, Mohan's account was correctly debited. (b) Credit purchase from Rohan Rs. 9000 were recorded in the sales book. However, Rohan's account was correctly credited. (c) Goods returned to Rakesh Rs. 4000 were recorded in sales return book. However, Rakesh's account was correctly debited. (d) Goods returned from Mahesh Rs. 1000 were recorded through purchase return book. However, Mahesh's account was correctly credited. (e) Goods returned to Naresh Rs. 2000 were recorded through purchase book. However, Naresh's account was correctly debited.
Answer» Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance. (a) Credit sales to Mohan Rs. 7000 were recorded in purchase book. However, Mohan's account was correctly debited. (b) Credit purchase from Rohan Rs. 9000 were recorded in the sales book. However, Rohan's account was correctly credited. (c) Goods returned to Rakesh Rs. 4000 were recorded in sales return book. However, Rakesh's account was correctly debited. (d) Goods returned from Mahesh Rs. 1000 were recorded through purchase return book. However, Mahesh's account was correctly credited. (e) Goods returned to Naresh Rs. 2000 were recorded through purchase book. However, Naresh's account was correctly debited.

1059.

Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance. (a) Credit sales to Mohan Rs. 7000 were recorded in purchase book. However, Mohan's account was correctly debited. (b) Credit purchase from Rohan Rs. 9000 were recorded in the sales book. However, Rohan's account was correctly credited. (c) Goods returned to Rakesh Rs. 4000 were recorded in sales return book. However, Rakesh's account was correctly debited. (d) Goods returned from Mahesh Rs. 1000 were recorded through purchase return book. However, Mahesh's account was correctly credited. (e) Goods returned to Naresh Rs. 2000 were recorded through purchase book. However, Naresh's account was correctly debited.

Answer»

Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.

(a) Credit sales to Mohan Rs. 7000 were recorded in purchase book. However, Mohan's account was correctly debited.

(b) Credit purchase from Rohan Rs. 9000 were recorded in the sales book. However, Rohan's account was correctly credited.

(c) Goods returned to Rakesh Rs. 4000 were recorded in sales return book. However, Rakesh's account was correctly debited.

(d) Goods returned from Mahesh Rs. 1000 were recorded through purchase return book. However, Mahesh's account was correctly credited.

(e) Goods returned to Naresh Rs. 2000 were recorded through purchase book. However, Naresh's account was correctly debited.

Discussion

1060.	Describe the role of social responsibility in todays era.
Answer» Describe the role of social responsibility in todays era.

Discussion

1061.	Name the business organisation in which the owner is considered as the sole risk bearer and profit recipient.
Answer» Name the business organisation in which the owner is considered as the sole risk bearer and profit recipient.

Discussion

1062.	Explain the following documents used in International Trade: (i) Mate’s Receipt (ii) Letter of credit (iii) Certificate of origin
Answer» Explain the following documents used in International Trade: (i) Mate’s Receipt (ii) Letter of credit (iii) Certificate of origin

1062.

Explain the following documents used in International Trade: (i) Mate’s Receipt (ii) Letter of credit (iii) Certificate of origin

Answer»

Explain the following documents used in International Trade:

(i) Mate’s Receipt

(ii) Letter of credit

(iii) Certificate of origin

Discussion

1063.	Jindal and his brothers wanted to start a new business of steel. To start up a business, what documents are required to be submitted by them to the Registrar of Companies?
Answer» Jindal and his brothers wanted to start a new business of steel. To start up a business, what documents are required to be submitted by them to the Registrar of Companies?

Discussion

1064.	Explain the following terms in brief (i) Perpetual succession (ii) Common seal (iii)Karta (iv) Artificial person
Answer» Explain the following terms in brief (i) Perpetual succession (ii) Common seal (iii)Karta (iv) Artificial person

1064.

Explain the following terms in brief (i) Perpetual succession (ii) Common seal (iii)Karta (iv) Artificial person

Answer»

Explain the following terms in brief

(i) Perpetual succession

(ii) Common seal

(iii)Karta

(iv) Artificial person

Discussion

1065.	Q24. Consider the following statements about National Clean Air Programme (NCAP): 1. The draft NCAP envisions setting up 1,000 manual air-quality-monitoring stations. 2. It also plans to set up pollution-monitoring stations in rural areas. Which of the above statements are correct?
Answer» Q24. Consider the following statements about National Clean Air Programme (NCAP): 1. The draft NCAP envisions setting up 1,000 manual air-quality-monitoring stations. 2. It also plans to set up pollution-monitoring stations in rural areas. Which of the above statements are correct?

1065.

Q24. Consider the following statements about National Clean Air Programme (NCAP): 1. The draft NCAP envisions setting up 1,000 manual air-quality-monitoring stations. 2. It also plans to set up pollution-monitoring stations in rural areas. Which of the above statements are correct?

Answer»

Q24. Consider the following statements about National Clean Air Programme (NCAP):

1. The draft NCAP envisions setting up 1,000 manual air-quality-monitoring stations.

2. It also plans to set up pollution-monitoring stations in rural areas.

Which of the above statements are correct?

Discussion

1066.	Mr. Gupta has two children, he has taken a policy for each of them. This policy is taken to meet the expenses of their education or marriage. Which policy has Mr.Gupta taken for his children?
Answer» Mr. Gupta has two children, he has taken a policy for each of them. This policy is taken to meet the expenses of their education or marriage. Which policy has Mr.Gupta taken for his children?

Discussion

1067.	What is the need to control pollution and how business should contribute in environmental protection?
Answer» What is the need to control pollution and how business should contribute in environmental protection?

Discussion

1068.	Who are called the owners of the company?
Answer» Who are called the owners of the company?

Discussion

1069.	A government company is any company in which the paid up capital held by the government is not less than
Answer» A government company is any company in which the paid up capital held by the government is not less than

Discussion

1070.	In the MOA, the five clauses are also known as the ___ of the company.
Answer» In the MOA, the five clauses are also known as the ___ of the company.

Discussion

1071.	Which of the following is an indoor pollutant in classrooms?
Answer» Which of the following is an indoor pollutant in classrooms?

Discussion

1072.	An exporter needs to register with___ to get the export license.
Answer» An exporter needs to register with___ to get the export license.

Discussion

1073.	Which represents the right order for the formation of a public company? 1. Capital Subscription 2. Promotion 3. Incorporation
Answer» Which represents the right order for the formation of a public company? 1. Capital Subscription 2. Promotion 3. Incorporation

Discussion

1074.	Who is the last link in the distribution chain?
Answer» Who is the last link in the distribution chain?

Discussion

1075.	Buying and selling of goods within the geographical limits of a country is known as?
Answer» Buying and selling of goods within the geographical limits of a country is known as?

Discussion

1076.	Write a short note on global enterprises (Multinational companies).
Answer» Write a short note on global enterprises (Multinational companies).

Discussion

1077.	Which of these is an advantage of supermarkets?
Answer» Which of these is an advantage of supermarkets?

Discussion

1078.	With 100% FDI in India, which challenge do the small scale industries face?
Answer» With 100% FDI in India, which challenge do the small scale industries face?

Discussion

1079.	Identify the values involved in launching special schemes for developing backward and remote areas by the government of India.
Answer» Identify the values involved in launching special schemes for developing backward and remote areas by the government of India.

Discussion

1080.	What is the major reason underlying for trade between nations ?
Answer» What is the major reason underlying for trade between nations ?

Discussion

1081.	Q10. Which of the following statement related to SANKALP and STRIVE is incorrect?
Answer» Q10. Which of the following statement related to SANKALP and STRIVE is incorrect?

Discussion

1082.	___ finance is a finance which the exporter needs to procure raw materials, processing and packaging them and finally transporting the consignment.
Answer» ___ finance is a finance which the exporter needs to procure raw materials, processing and packaging them and finally transporting the consignment.

Discussion

1083.	What are the different kinds of organisations that come under the public sector?
Answer» What are the different kinds of organisations that come under the public sector?

Discussion

1084.	Which of the following most logically completes the argument? Using new detection techniques, researchers have found trace amounts of various medicinal substances in lakes and rivers. Taken in large quantities, these substances could have serious health effects, but they are present in quantities far too low to cause any physiological response in people who drink the water or bathe in it. Nevertheless, medical experts contend that eliminating these trace amounts from the water will have public health benefits, since ___.
Answer» Which of the following most logically completes the argument? Using new detection techniques, researchers have found trace amounts of various medicinal substances in lakes and rivers. Taken in large quantities, these substances could have serious health effects, but they are present in quantities far too low to cause any physiological response in people who drink the water or bathe in it. Nevertheless, medical experts contend that eliminating these trace amounts from the water will have public health benefits, since ___.

Discussion

1085.	Briefly explain any four auxiliaries to trade.
Answer» Briefly explain any four auxiliaries to trade.

Discussion

1086.	Which of the following statement(s) is/are true about Wholly-owned subsidiaries? 1. There is no risk-sharing in the case of wholly owned subsidiaries. 2. The parent firm needs to invest 100 percent of the equity capital in the foreign firm. Hence, it is not suitable for small or medium-sized firms.
Answer» Which of the following statement(s) is/are true about Wholly-owned subsidiaries? 1. There is no risk-sharing in the case of wholly owned subsidiaries. 2. The parent firm needs to invest 100 percent of the equity capital in the foreign firm. Hence, it is not suitable for small or medium-sized firms.

1086.

Which of the following statement(s) is/are true about Wholly-owned subsidiaries? 1. There is no risk-sharing in the case of wholly owned subsidiaries. 2. The parent firm needs to invest 100 percent of the equity capital in the foreign firm. Hence, it is not suitable for small or medium-sized firms.

Answer»

Which of the following statement(s) is/are true about Wholly-owned subsidiaries?

1. There is no risk-sharing in the case of wholly owned subsidiaries.

2. The parent firm needs to invest 100 percent of the equity capital in the foreign firm. Hence, it is not suitable for small or medium-sized firms.

Discussion

1087.	Indian economy consists of ___________.
Answer» Indian economy consists of ___________.

Discussion

1088.	The document containing a guarantee of a bank to honour drafts drawn on it by an exporter is
Answer» The document containing a guarantee of a bank to honour drafts drawn on it by an exporter is

Discussion

1089.	Why it is said that environment is fast deteriorating particularly due to industrial activities?
Answer» Why it is said that environment is fast deteriorating particularly due to industrial activities?

Discussion

1090.	Identify “what part of speech the underlined words belongs to” in the below sentence. I have an important conference at work tomorrow, so i am rather busy.
Answer» Identify “what part of speech the underlined words belongs to” in the below sentence. I have an important conference at work tomorrow, so i am rather busy.

Discussion

1091.	Briefly explain the term 'Return of Allotment'.
Answer» Briefly explain the term 'Return of Allotment'.

Discussion

1092.	Abid and Rashid come together to form a partnership, pool in resources, and decide to share the profit and losses. Their liability is unlimited and joint. Their personal resources may be called to pay the debts of the business. What type of partnership do they share?
Answer» Abid and Rashid come together to form a partnership, pool in resources, and decide to share the profit and losses. Their liability is unlimited and joint. Their personal resources may be called to pay the debts of the business. What type of partnership do they share?

Discussion

1093.	Which of the following alone can ensure effective ethics programme in a business enterprise?
Answer» Which of the following alone can ensure effective ethics programme in a business enterprise?

Discussion

1094.	Carbon monoxide emitted by automobiles directly contributes to
Answer» Carbon monoxide emitted by automobiles directly contributes to

Discussion

1095.	80s ribosomes can be separated into subunits
Answer» 80s ribosomes can be separated into subunits

Discussion

1096.	Raj Pal is a hardworking man, he is putting a lot of efforts in his new startup company. What kind of economic activity is he following?
Answer» Raj Pal is a hardworking man, he is putting a lot of efforts in his new startup company. What kind of economic activity is he following?

Discussion

1097.	This policy is taken up by two or more people. The premium is paid jointly or by either of them in instalments or lump sum.
Answer» This policy is taken up by two or more people. The premium is paid jointly or by either of them in instalments or lump sum.

Discussion

1098.	Write a short note on public sector and private sector.
Answer» Write a short note on public sector and private sector.

Discussion

1099.	Explain warehousing and its functions.
Answer» Explain warehousing and its functions.

Discussion

1100.	What are the social objectives of a business?
Answer» What are the social objectives of a business?

Discussion

Explore topic-wise InterviewSolutions in .

Raju, is a contractor, appointed by Ram Singh to manage his entire work. It was agreed that Ram Singh would receive 50% of the profits as his remuneration and would bear all the losses, if any. Here,Ram Singh is

With the help of which machine withdrawing of money from the bank is possible?

Statement Some bags are trunks All trunks are shirts Some shirts are books All books are shops. Conclusions I. Some shops are bags II. Some books are bags III. Some shops are shirts IV. Some shirts are bags.

Explain how international trade promotes industrialisation?

What do you understand by Export and Import? Mention their advantages and limitations.

Write the merits of departmental undertakings.

People are not using credit cards in the current year due to rampant credit card related fraud.

What do you mean by owner's fund? When is it not suitable?

Describe the role of social responsibility in todays era.

Name the business organisation in which the owner is considered as the sole risk bearer and profit recipient.

Explain the following documents used in International Trade: (i) Mate’s Receipt (ii) Letter of credit (iii) Certificate of origin

Jindal and his brothers wanted to start a new business of steel. To start up a business, what documents are required to be submitted by them to the Registrar of Companies?

Explain the following terms in brief (i) Perpetual succession (ii) Common seal (iii)Karta (iv) Artificial person

Q24. Consider the following statements about National Clean Air Programme (NCAP): 1. The draft NCAP envisions setting up 1,000 manual air-quality-monitoring stations. 2. It also plans to set up pollution-monitoring stations in rural areas. Which of the above statements are correct?

Mr. Gupta has two children, he has taken a policy for each of them. This policy is taken to meet the expenses of their education or marriage. Which policy has Mr.Gupta taken for his children?

What is the need to control pollution and how business should contribute in environmental protection?

Who are called the owners of the company?

A government company is any company in which the paid up capital held by the government is not less than

In the MOA, the five clauses are also known as the ___ of the company.

Which of the following is an indoor pollutant in classrooms?

An exporter needs to register with___ to get the export license.

Which represents the right order for the formation of a public company? 1. Capital Subscription 2. Promotion 3. Incorporation

Who is the last link in the distribution chain?

Buying and selling of goods within the geographical limits of a country is known as?

Write a short note on global enterprises (Multinational companies).

Which of these is an advantage of supermarkets?

With 100% FDI in India, which challenge do the small scale industries face?

Identify the values involved in launching special schemes for developing backward and remote areas by the government of India.

What is the major reason underlying for trade between nations ?

Q10. Which of the following statement related to SANKALP and STRIVE is incorrect?

___ finance is a finance which the exporter needs to procure raw materials, processing and packaging them and finally transporting the consignment.

What are the different kinds of organisations that come under the public sector?

Briefly explain any four auxiliaries to trade.

Which of the following statement(s) is/are true about Wholly-owned subsidiaries? 1. There is no risk-sharing in the case of wholly owned subsidiaries. 2. The parent firm needs to invest 100 percent of the equity capital in the foreign firm. Hence, it is not suitable for small or medium-sized firms.

Indian economy consists of ___________.

The document containing a guarantee of a bank to honour drafts drawn on it by an exporter is

Why it is said that environment is fast deteriorating particularly due to industrial activities?

Identify “what part of speech the underlined words belongs to” in the below sentence. I have an important conference at work tomorrow, so i am rather busy.

Briefly explain the term 'Return of Allotment'.

Abid and Rashid come together to form a partnership, pool in resources, and decide to share the profit and losses. Their liability is unlimited and joint. Their personal resources may be called to pay the debts of the business. What type of partnership do they share?

Which of the following alone can ensure effective ethics programme in a business enterprise?

Carbon monoxide emitted by automobiles directly contributes to

80s ribosomes can be separated into subunits

Raj Pal is a hardworking man, he is putting a lot of efforts in his new startup company. What kind of economic activity is he following?

This policy is taken up by two or more people. The premium is paid jointly or by either of them in instalments or lump sum.

Write a short note on public sector and private sector.

Explain warehousing and its functions.

What are the social objectives of a business?