Commerce MCQ Questions and Answers

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Q191
The existence of a Partnership Firm is-
  • A Separate from partners
  • B Not separate from partners
  • C Both (A) and (B)
  • D None of the above
Answer: Option B
Q192
In which State the Mitakshara form of H.U.F. business does not apply ?
  • A Rajasthan
  • B Gujarat
  • C West Bengal
  • D Kerala
Answer: Option C
Q193
Letter of Credit is presented by-
  • A Exporter
  • B Importer
  • C Custom Officer
  • D Shipping Company
Answer: Option B
Q194
The Agreement of Partnership-
  • A Must be oral
  • B Must be in writing
  • C Can be either oral or in writing
  • D Must be in writing on a stamp paper
Answer: Option C
Q195
Export procedure begins with-
  • A Indent
  • B Shipping order
  • C Marine insurance
  • D None of these
Answer: Option A
Q196
‘Self-help by mutual help’ is a feature of-
  • A Public enterprise
  • B Public corporation
  • C Co-operative society
  • D All of the above
Answer: Option C
Q197
In India private sector entered into the Life Insurance business in the year-
  • A 1995
  • B 1998
  • C 2000
  • D 2001
Answer: Option C
Q198
General Insurance Corporation of India was set up in-
  • A 1956
  • B 1972
  • C 1980
  • D 2000
Answer: Option B
Q199
‘Salvage Charges’ is related to-
  • A Life Insurance
  • B Marine Insurance
  • C Fire Insurance
  • D None of the above
Answer: Option B
Q200
In ‘Life Insurance Contract’ the insurable interest is examined at the time of-
  • A Entering the contract
  • B Filing the claim
  • C Both (A) and (B)
  • D Never
Answer: Option A
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