First Mid Term Model Questions

11th Standard

    Reg.No. :
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Commerce

Time : 01:00:00 Hrs
Total Marks : 50
    10 x 1 = 10
  1. Hindrance of place is removed by _____________

    (a)

    Transport

    (b)

    Warehouse

    (c)

    Salesman

    (d)

    Insurance

  2. Commerce is mainly concerned with

    (a)

    Connecting producer and consumer

    (b)

    Pricing of goods

    (c)

    Buying and Selling of goods

    (d)

    Manufacturing of goods

  3. The Members in the joint Hindu family are called ________

    (a)

    Karta

    (b)

    Coparceners

    (c)

    Generations

    (d)

    Partners

  4. "He receives all the profits and risks all of his property in the success or failure of the enterprise"- was said by _______.

    (a)

    Wheeler

    (b)

    J.L. Hansen

    (c)

    H. Haney

    (d)

    O.R. Krishnasamy

  5. The Board of directors of a company is elected by _________

    (a)

    Creditors

    (b)

    Debtors

    (c)

    Debenture holders

    (d)

    Share holders (members)

  6. The maximum rate of share discount should not exceed_____________.

    (a)

    10%

    (b)

    20%

    (c)

    25%

    (d)

    30%

  7. To review the working of co-operatives a committee was appointed under the head of________________.

    (a)

    Meclagaon

    (b)

    Robert Owen

    (c)

    Valmiki

    (d)

    H.C. Calvert

  8. Non-agricultural credit societies are formed by the people living in______________.

    (a)

    villages

    (b)

    villages and towns

    (c)

    towns

    (d)

    towns and cities.

  9. _____________ set up their facilities in low cost countries and produce goods, services at lower cost.

    (a)

    Partnership

    (b)

    Joint stock company

    (c)

    Multinational company

    (d)

    Co-operatives

  10. Public enterprises were set up with the basic purpose of ....................

    (a)

    speeding up economic development

    (b)

    generating high profits

    (c)

    to increase brand image

    (d)

    increasing sales

  11. 5 x 2 = 10
  12. Name the boats used for domestic trade and foreign trade

  13. What do you mean by Employment?

  14. What is Public Enterprises?

  15. What is Quinary service?

  16. What is Credit Co-operatives?

  17. 5 x 3 = 15
  18. Briefly state the human objectives of a business.

  19. What are the classification of economic activities according. to size?

  20. What is meant by Mitakshara Law?

  21. What are the different kinds of organisation that come under the public sector?

  22. Under what circumstances government company form of organisation is suitable?

  23. 3 x 5 = 15
  24. State the constraints in barter system.

  25. What are the types of occupations? Briefly Explain about them.

  26. Write any three differences between Dissolution of Partnership and Dissolution of Firm.

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