+1 First Revision Test

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Commerce

Time : 02:30:00 Hrs
Total Marks : 90

    I. Choose the most suitable answer :

    20 x 1 = 20
  1. Hindrance of place is removed by _____________

    (a)

    Transport

    (b)

    Warehouse

    (c)

    Salesman

    (d)

    Insurance

  2. The industries engaged in extraction of iron ore are known as

    (a)

    Construction Industries

    (b)

    Manufacturing Industries

    (c)

    Extraction Industries

    (d)

    Genetic Industries

  3. A partnership is registered with __________

    (a)

    Registrar of Companies

    (b)

    Registrar of Co-operatives

    (c)

    Registrar of Firms

    (d)

    District Collector

  4. In a public limited company, shares are freely____________.

    (a)

    redeemable

    (b)

    convertible

    (c)

    transferable

    (d)

    None of these

  5. Co-operative fails because of------------

    (a)

    Unlimited membership

    (b)

    Cash trading

    (c)

    Mismanagement

    (d)

    Loss-making

  6. The oldest form of organisation in public sector

    (a)

    Public Sector Undertakings

    (b)

    Departmental Undertakings

    (c)

    Multi-National Corporations

    (d)

    Statutory Corporation

  7. Which bank has the power to issue Bank notes?

    (a)

    Central Bank

    (b)

    Commercial Bank

    (c)

    Co-operative Bank

    (d)

    Foreign Bank

  8. Through___________ money can be drawn at any time at the specified centers.

    (a)

    Blank cheque

    (b)

    ATM

    (c)

    Cross cheque

    (d)

    Credit card

  9. Warehouse removes the hindrance of _________

    (a)

    Person

    (b)

    Time

    (c)

    Risk

    (d)

    Knowledge

  10. In_____________ Insurance insurable interest must be there at the time of contract as well as at the time of loss.

    (a)

    Life.

    (b)

    Fire

    (c)

    Property

    (d)

    Marine

  11. The role of Government in logistics management is through

    (a)

    Legislations

    (b)

    Governance

    (c)

    Transport

    (d)

    Distribution

  12. 'CFBP' stands for .....................

    (a)

    Council for Fair Business Practices

    (b)

    Central Federation Business Practices

    (c)

    Cottage Federation Beurau Promotion

    (d)

    None of these

  13. Funds required for purchasing current assets is an example for_____

    (a)

    Fixed Capital requirement

    (b)

    Ploughing back of profit

    (c)

    Working capital requirement

    (d)

    Lease financing

  14. MSMEDevelopment Act was passed in the year ...........

    (a)

    2000

    (b)

    2002

    (c)

    2006

    (d)

    2007

  15. Trade middlemen who acts as a link wholesaler and customer refers to a

    (a)

    Producer

    (b)

    Broker

    (c)

    retailer

    (d)

    customer

  16. 'Bata' is flourishing in ............country.

    (a)

    France

    (b)

    U.S.A

    (c)

    England

    (d)

    India

  17. The certificate of origin is issued by__________.

    (a)

    The Federation of Indian Chamber of Commerce and Industry

    (b)

    Export Promotion Councils

    (c)

    Trade Associations

    (d)

    All the above

  18. Contracts classified on the basis of performance are

    (a)

    executed contracts

    (b)

    executory contracts

    (c)

    partly executed or partly executory contracts

    (d)

    all of the above

  19. Which of the following persons can perform the contract?

    (a)

    Promisor alone

    (b)

    Legal representatives of promisor

    (c)

    Agent of the promisor

    (d)

    All of these

  20. The year in which tax on income is computed and determined is called

    (a)

    Tax year

    (b)

    Current year

    (c)

    Previous year

    (d)

    Assessment year

  21. II. Answer any 7 questions. Q. No 21 is compulsory :

    7 x 2 = 14
  22. Define the term "Business" according to H. Haney.

  23. For which of the following types of business do you think a sole proprietorship form of organisation would be more suitable, and why?
    (a) Grocery Store
    (b) Medical store
    (c) Craft centre
    (d) Legal consultancy
    (e) Internet cafe

  24. Give two examples of MNC

  25. Write a short note on Central Bank.

  26. What are Cargo Liners?'.

  27. Who are called stakeholders?

  28. What is FDI?

  29. What is Internal trade?

  30. Give any two reasons for international business

  31. What do you mean by Balance of Trade?

  32. III. Answer any 7 questions. Q. No 31 is compulsory :

    7 x 3 = 21
  33. Under what circumstances a partnership may be dissolved as per section 42 of Partnership Act?
    Dissolution on the happening of certain contingencies (Sec. 42):

  34. What do you mean by Core Banking Solutions?

  35. What is the classification of Marine Policies?

  36. Why is Ethics necessary in Business?

  37. What is the role and significance of MSMEs in Indian Economy?

  38. What are the services rendered by a wholesaler to the manufacturers?

  39. Who are all the parties involved in Export Trading House?

  40. Show the classification of contract by a flow chart.

  41. When a contract is discharged by the operation of law?

  42. What is Gross Total Income?

  43. IV. Answer all the questions :

    7 x 5 = 35
    1. What are the hindrances of Business?

    2. Briefly explain the auxiliaries to trade.

    1. Can a minor is admitted in the Joint Hindu Family business - Why?

    2. What are the types of Co-operative Society?

    1. Take up a recent newspaper clipping about RBI such as the measures taken to reduce NPA etc.

    2. What is Ocean Transport? What are its types?

    1. Explain the features of Outsourcing:

    2. Explain Corporate Social Responsibility in India with an example:

    1. List out the various Sources of Financing.

    2. What are the goods India is exporting and importing?

    1. Explain the types of Itinerant Traders.

    2. Point out the objectives of WTO.

    1. Difference between Contract and Agreement.

    2. Discuss the different types of damages awarded to the injured party.

*****************************************

TN 11th Standard Commerce free Online practice tests

Reviews & Comments about 11th Commerce First Revision Test Question Paper

Write your Comment