PGT Commerce Level-3 (HTEТ), Exam 2017Total Questions: 150141. In case the price (P), quantity (Q) and change (Δ) are represented by respective symbols given in the brackets, the price elasticity of demand (Ed) is measured by:A. Ed = ΔQ / ΔPB. Ed = (ΔQ/Q) / (ΔP/P)C. Ed = ΔP / ΔQD. Ed = (ΔP/P) / (ΔQ/Q)Correct Answer: B. Ed = (ΔQ/Q) / (ΔP/P)142. The government of India established the Small Industries Development Organisation (SIDO) in the year:A. 1951B. 1972C. 1954D. 1982Correct Answer: C. 1954143. Market sub-divided on the basis of behavioural characteristics is called:A. SegmentationB. AggregationC. PrecisionD. None of the aboveCorrect Answer: A. Segmentation144. If a bill is accepted on 23 Nov., 2016 for two months, what will be the due date for payment of the bill?A. 26 January, 2017B. 27 January, 2017C. 25 January, 2017D. 23 January, 2017Correct Answer: C. 25 January, 2017145. Which one is a principle of Henri Fayol?A. Principle of division of workB. Principle of planningC. Principle of motivationD. Principle of controlCorrect Answer: A. Principle of division of work146. In a firm 'A' and 'B' shares profit in the ratio 4: 3. They admitted 'C' for 2/7th share in the firm. 'С takes his share equally from 'A' and 'B'. What will be the new profit sharing ratio between the partners?A. 20 : 15 : 14B. 5 : 5 : 4C. 4 : 3 :2D. 3 : 2 : 2Correct Answer: D. 3 : 2 : 2147. The EXIM Bank of India was setup in year:A. 1981B. 1991C. 1951D. 1982Correct Answer: D. 1982148. What type of accounts are involved in the transaction 'Purchased furniture for Cash'?A. Personal AccountsB. Real AccountsC. Nominal AccountsD. Both (A) and (B)Correct Answer: B. Real Accounts149. Financial Leverage is measured by:A.B.C.D.Correct Answer: B.150. Which of the following is a correct match?A. McClelland ERG TheoryB. B.F. Skinner Reinforcement TheoryC. Vroom Equity TheoryD. Locke Expectancy TheoryCorrect Answer: B. B.F. Skinner Reinforcement TheorySubmit Quiz« Previous123456789101112131415
