Tag: organisation of commerce and management

Questions Related to organisation of commerce and management

Under marketing, which of the following is considered as an ethical issue?

organisation of commerce and management marketing mix meaning and objectives of pricing pricing strategies pricing

  1. Price discrimination

  2. Fraudulent asset valuations

  3. Issues affecting the privacy of the employer

  4. All of the above

Show answer
Correct Option: A

Fund means __________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. Capital

  2. Bond

  3. Assets

  4. Working Capital

Show answer
Correct Option: D
Explanation:

Receivable turnover ratio = Net credits sale/ Average accounts receivable = 10
and average collection period  =360
receivables turnover ratio = 36
Hence a receivable turnover ratio of 10 implies that the credit sales are 10 times the average receivables or in other words receivables are generated 10 times during the year.

The NABARD provides refinancing facilities to _________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. small industries

  2. village industries

  3. cottage industries

  4. all of the above

Show answer
Correct Option: D
Explanation:

NABARD is entrusted by government for development of rural areas in India. Small industries, village industries and cottage industries are the most prevailing industries in rural parts of India, with limited amount of finances. Hence, The NABARD provides refinancing facilities to such industries.

The depository receipts issued by a company in the USA are known as____________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. Global Depository Receipts

  2. American Depository Receipts

  3. Foreign Currency Convertible Bonds

  4. All of the above

Show answer
Correct Option: B
Explanation:
The depository receipts issued by a company in the USA are known as American Depository Receipts. ADRs are bought and sold in American markets like regular stocks. It is similar to Global Depository Reciepts. 

What is the Chief feature of the group banking system?

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. Centralised management

  2. Decentralised management

  3. Wide network of branches

  4. All the above

Show answer
Correct Option: A
Explanation:

Each member bank of the group banking system retains its separate entity and maintains its board of directors but however, the group banking system enjoy the benefits of centralized administration. 

Merchant Bank also known as ______.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. NABARD

  2. investment bank

  3. commercial bank

  4. development bank

Show answer
Correct Option: B
Explanation:

Merchant bank and investment banks both provide advice to companies regarding potential mergers and also provide investment research to those companies.

Industrial banks are also known as___________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. NABARD

  2. RRB's

  3. Morris bank

  4. EXIM bank

Show answer
Correct Option: C
Explanation:

Just as investment banks, industrial banks sell certificates that are labelled as investment share. This helps public to invest in such bonds and certificates through industrial banks. Hence, Industrial banks are also known as investment banks.

Mixed banking system is found in _________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. India

  2. U.S.A.

  3. Germany

  4. Soviet Russia

Show answer
Correct Option: C
Explanation:

German banking system is the best example of mixed banking system. German banks perform large variety of functions which includes functions of a commercial bank as well as investment bank. These banks can also be called as universal banks.

Unit Banking system was originated in __________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. USA

  2. England

  3. India

  4. Pakistan

Show answer
Correct Option: A
Explanation:

Unit Banking System refers to a single and usually small banks providing financial services to local people. Such banks do not have any connecting branches. The concept of Unit Banking System was originated in USA.

The reserve bank staff college is located at __________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. Pune

  2. Chennai

  3. Mumbai

  4. New Delhi

Show answer
Correct Option: B
Explanation:

RBI stands for Reserve Bank of India, RBI commenced with its operations from 1st April 1935. The Reserve Bank Staff college was set up by RBI  for training their existing staff with specified banking skills.