CA FOUNDATION BCK MOST IMPORTANT QUESTIONS WITH ANSWER AND PDF

BCK Questions 2021

1.Which of the following is not an economic activity

(a) Land owner compensate the tiller of land in form of food grain

(b) Doctor consulting his own family

(d) Consumption of food items

2. Intellectual property rights and copyrights is an example of which of the

following key factor of PESTLE Matrix?

(a) Social

(b) Technological

(d) Political

3.According to Incomes tax Act, which of the following cannot be a source of

income for HUF?

(a) Income from Salary

(b) Income from house property

(d) Income from other sources

4.What is popular psychological motive in case of profession as an economic

occupation?

(a) Service to clients

(b) Economic achievement

(d) Membership of professional body

5. Limited liability partnership is ________

(a) Non mutual agency

(b) Hybrid form of business organization

(d) Public Sector

6. ______ is a framework for macro environment analysis.

(a) Global

(b) Political

(d) Social

7. Perpetual succession indicates_______

(a) Registration of partnership firm is compulsory.

(b) Limited scope for rising fund

(d) Liability of the partners is limited to his contributes to capital

8. Which of the following is the recently introduced form of business

organization in INDIA wide companies Act 2013?

(a) LLP

(b) Sole proprietorship

(d) Private limited company

9. Which of the following is not an example of socio-cultural environment?

(a) Role of women in society

(b) Raising income

(d) Educational levels

10. Factors like Trends, Events of different considered in __________

(a) Environment analysis

(b) Environmental scanning

(d) Environmental response

11. Which of the following is not an important characteristic of business

environment?

(a) Image building

(b) Continuous learning

(d) Opportunities and threats

12. ABC company is aiming towards Joint venture and partn

firms to mange uncertainty. This is an example of following type of

Organizational response to the environment ?

(a) Collective response

(b) Competitive response

(d) Administrative response

13. Who has the vision “To attain world class excellency by demonstrating value

added products to customers” ?

(a) IBM Corporation

(b) Intel Corporation

(d) Bharti Airtel Limited

14. Which of the following is a multinational financial service corporation ?

(a) IBM Corporation

(b) Walmart

(d) American Express

15. In 1981, 7 engineers in Pune , Founded the following company:

(a) L & T

(b) Infosys

(d) TCS

16.Which of the following company ranked first in fortune 500 company list

2019?

(a) Walmart

(b) Microsoft

(d) American Express

17. To help individuals and business realize their full potential. Is the vision of

(a) Cognizant

(b) Apple

(d) Walmart

18. A security which has a solid record of dividend payments and offer the

dividend higher than the common stock is ________

(a) Hedge

(b) Holding period

(d) Income stock

19. Above the balance available in the account of the payer is called ____

(a) Overdraft

(b) Maturity

c) Market Value

(d) Mortgage

20. The effect of change in price will have on customers is ________

(a) Price Discrimination

(b) Price Skimming

(d) Pre-emptive Pricing

21. A strongly motivated and long standing decision of the customer to

purchase a particular product or service is referred as _________

(a) Buying behavior

(b) Brand Recognition

(d) Customer satisfaction

22. ________ is a measuremen particular stock and the movement of whole market.

(a) Call Option

(b) Bids and Offer

(d) Break – even Point

23. Bid is the…………….

(a) Lowest value the which the seller is willing to sell

(b) Highest value which the buyer is willing to pay

(d) Lowest value which the buyer is willing to pay

24. Government keeps hold of responsibility and private enterprise handle fully

or partly the delivery of product and service. Such type of concept of

privatization is known as …………………

(a) Divestment

(b) Displacement

(d) Delegation

25. The formation of National Skills Development Corporation (NSDC) is an

example of which of the following type of public policy ?

(a) Restrictive

(b) Social

(d) Regulatory

26. Organizing of immunization camps by government is an ex

policy?

(a) Restrictive

(b) Social

c) Distributive

(d) Regulatory

27. Taking off restrictions in exports and imports of goods is _________

(a) Liberalization

(b) Privatization

d) Socialization

28. Gradual decrease in government command and control over economic

policies is called_______

(a) Socialization

(b) Liberalization

(d) Capitalization

29. Selling of a portion of ownership from public enterprise to private parties is

called

(a) Disinvestment

(b) Divestment

(d) Deregulation

30. In which of the following FDI is prohibited under both the Government

Route as well as the Automatic Route.

(a) Atomic energy

(b) Solar Energy

(d) Biomass Energy

31. Controller of capital Issues was replaced by which of the following

Regulatory authority ?

(a) IRDAI

(b) Competition Commission of India(CCI)

(d) SEBI

32. Which of the following is not an objective of establishing the Competition

commission of India (CCI)?

(a) To Prevent practices having adverse effect on competition

(b) To preserve and sustain competition in markets

(d) To ensure restriction of the customers other participants in markets

33. SEBI was setup to regulate the _______

(a) Insurance market

(b) Security Market

(d) Capital market

34. Which of the following is not a regulatory body?

(a) SIDBI

(b) SEBI

(d) CCI

35. IRDAI full form is:

(a) Industrial Regulatory Development Authority of India

(b) Institutional Regulatory Development Authority

(d) Insurance Ruling Development Authority

36.Which of the following financial institutilinkage program ?

(a) NABARD

(b) IRDAI

(d) SEBI

BCK Answer Key 2021

1 B
2 B
3 A
4 A
5 B
6 C
7 C
8 C
9 B
10 B

11 C
12 A
13 C
14 D
15 B
16 A
17 C
18 D
19 A
20 C
21 C
22 C
23 B
24 D
25 C
26 C
27 C
28 B
29 A
30 A

31 D
32 D
33 Bonus
34 A
35 C
36 A