Tag: commercial studies

Questions Related to commercial studies

E-commerce includes buying and selling of ___________________.

commercial studies structure of business e-advertising, e-marketing and e-security introduction to internet and e-commerce emerging modes of services e-tailing e-commerce and mobile commerce

  1. Goods-e.g. digital cameras, music systems, clothes, accessories

  2. Information-e.g. subscription to some law site may give access to some court cases

  3. Services. e.g. matrimonial services through shaadi.com, placement services through naukri.com

  4. All of above

Show answer
Correct Option: D
Explanation:
E-commerce stands for electronic commerce where the information or trade between two parties are done through electronic transmission of data that includes text, sound and visual images. It makes use of various electronic platforms such as intranets, extranets and  the internet to deal in buying and selling of goods, services and information.

When using a petty cash system, the replenishment of the fund would normally include a debit to _______________.

commercial studies subsidiary books - 2 petty cash book meaning, importance and components of voucher bank book and petty cash book

  1. Cash.

  2. Petty Cash.

  3. Revenues.

  4. None of the above

Show answer
Correct Option: A

Payments in cash of small amounts like travelling expenses, postage, carriage,etc. are recorded in the ______________.

commercial studies subsidiary books - 2 petty cash book meaning, importance and components of voucher bank book and petty cash book

  1. Main Cash Book

  2. Petty Cash Book

  3. Cash Budget

  4. Journal proper

Show answer
Correct Option: B

Which of the following is not a column of a three-column cash book ? 

commercial studies subsidiary books - 2 petty cash book meaning, importance and components of voucher bank book and petty cash book

  1. Discount Column

  2. Petty Cash Column

  3. Bank Column

  4. Cash Column

Show answer
Correct Option: B

The balance in the petty cash book is __________.

commercial studies subsidiary books - 2 petty cash book meaning, importance and components of voucher bank book and petty cash book

  1. A liability

  2. An asset

  3. A profit

  4. An expense

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Correct Option: B

Which of the following cannot be said to be a trade union in true sense?

objectives, functions and problems and measures fortrade unions industrial relations, trade unions and social security commercial studies

  1. Craft Union

  2. Industrial Union

  3. Company Union

  4. Federation

Show answer
Correct Option: C
Explanation:

Company Union cannot be said to be a trade union since trade union is established for the specific purpose of advancing and protecting the interests of its members or workers in their working relationship. Trade unions are voluntary associations which aim towards common goals.

Under which of the following situations may a union refuse to admit a person or expel a member?

objectives, functions and problems and measures fortrade unions industrial relations, trade unions and social security commercial studies

  1. Because of their current state of health.

  2. Because of misconduct.

  3. Because they do not feel that they are a suitable member.

  4. Because of their financial means.

Show answer
Correct Option: B
Explanation:

Because of misconduct a union refuse to admit a person or expel a member. A union has the right to refuse to admit or expel a member if that person does not maintain a proper conduct.

What is/are the measure(s) that can be adopted to strengthen Trade Union in India?

objectives, functions and problems and measures fortrade unions industrial relations, trade unions and social security commercial studies

  1. Maintaining Unity

  2. Freedom from Political influence

  3. Welfare Activities for Workers

  4. All of the above

Show answer
Correct Option: D
Explanation:
The measures that can be adopted to strengthen Trade Union in India are:a) Maintaining Unity
b) Freedom from Political influence
c) Welfare Activities for Workers
Trade union is established for the specific purpose of advancing and protecting the interests of its members or workers in their working relationship.

It is now high time for trade unions to assume the responsibility of inculcating in the workers, a sense of discipline and responsibility to perform their jobs satisfactorily. Which of the following justifies the statement?

objectives, functions and problems and measures fortrade unions industrial relations, trade unions and social security commercial studies

  1. Adequacy of funds

  2. Worker's education

  3. Welfare activities for workers

  4. Freedom from political influence

Show answer
Correct Option: B
Explanation:

It is now high time for trade unions to assume the responsibility of inculcating in the workers, a sense of discipline and responsibility to perform their jobs satisfactorily- Worker's education justifies the statement.Trade union is established for the specific purpose of advancing and protecting the interests of its members or workers in their working relationship.

A person who has attained the age of 10 years can be a member of a registered trade union subject to any rules of the trade union.

objectives, functions and problems and measures fortrade unions industrial relations, trade unions and social security commercial studies

  1. True

  2. False

Show answer
Correct Option: B
Explanation:

A person who has attained the age of 10 years can be a member of a registered trade union subject to any rules of the trade union- this is a false statement. The minimum age required to be a member of trade union is 15 years. However for being a office bearer a person needs to be above 18 years of age.