Important Question paper 1mark

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Part-A

    Answer any 10 of the following

    14 x 1 = 14
  1. Who wrote "Arthasasthra"?

    (a)

    Kautilya

    (b)

    Chanakiya

    (c)

    Thiruvalluvar

    (d)

    Elangovadigal

  2. The word vaniyam or vanipam would have had a ____________ origin.

    (a)

    Tamil

    (b)

    Dravidiam

    (c)

    Greek

    (d)

    None of these

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

    (a)

    Karta

    (b)

    Coparceners

    (c)

    Generations

    (d)

    Partners

  4. A Partner who does not take part int he working of the firm is called ________ Partner.

    (a)

    Sleeping

    (b)

    Dormant

    (c)

    Minor

    (d)

    Active

  5. Enterprises operating in several countries but managed from one country is termed as ----------

    (a)

    Government company

    (b)

    Multinational company

    (c)

    Private company

    (d)

    Joint Venture

  6. _____________ 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

  7. Which of the following is a type of marine insurance?

    (a)

    Money back

    (b)

    Mediclaim

    (c)

    Hull insurance

    (d)

    Corgo insurance

  8. 'Stepping the shoes on others' means _________ .

    (a)

    Subrogation

    (b)

    Contribution

    (c)

    nearest cause

    (d)

    indemnity

  9. The purchase of goods from Foreign Country is called _____.

    (a)

    Import

    (b)

    Export

    (c)

    Entrepot

    (d)

    Re-export

  10. _______________________trade is a trade between a seller and buyer of different countries.

    (a)

    Foreign

    (b)

    Export

    (c)

    Entrepot

    (d)

    Home

  11. Selling of Goods from home country to foreign country is called

    (a)

    Home Trade

    (b)

    Entrepot Trade

    (c)

    Foreign Trade

    (d)

    Joint-venture

  12. In due course __________ was replaced by ______ on 1st January 1995.

    (a)

    GATO, WTO

    (b)

    ETO, GATT

    (c)

    GATT, WTO

    (d)

    IMF, GATT

  13. The year in which income is earned is known as

    (a)

    Assessment year 

    (b)

    Previous year

    (c)

    Light year 

    (d)

    Calender year

  14. Compensation received for loss of trading asset is a _______________

    (a)

    Capital receipt

    (b)

    Revenue receipt

    (c)

    a casual receipt

    (d)

    None of the above

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