11th Half Yearly Model Question

11th Standard

    Reg.No. :
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Commerce

Time : 02:30:00 Hrs
Total Marks : 90
    I. Choose the most suitable answer :
    20 x 1 = 20
  1. Trade and Commerce was common to ____________ Dynasty.

    (a)

    Pallava

    (b)

    Chola

    (c)

    Pandiya

    (d)

    Chera

  2. Production which involves several stages for manufacturing finished product is known as

    (a)

    Analytical Industry

    (b)

    Synthetic Industry

    (c)

    Processing Industry

    (d)

    None of the above

  3. A partnership is registered with __________

    (a)

    Registrar of Companies

    (b)

    Registrar of Co-operatives

    (c)

    Registrar of Firms

    (d)

    District Collector

  4. Debenture holders of a company are its_____________.

    (a)

    creditors

    (b)

    members

    (c)

    credit customers

    (d)

    borrowers

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

    (a)

    Unlimited membership

    (b)

    Cash trading

    (c)

    Mismanagement

    (d)

    Loss-making

  6. A Government company purchases shares in the name of

    (a)

    Prime Minister

    (b)

    President

    (c)

    Chief Justice of India

    (d)

    State Chief Minister

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

    (a)

    Central Bank

    (b)

    Commercial Bank

    (c)

    Co-operative Bank

    (d)

    Foreign Bank

  8. Which of the following is correct.
    (i) NEFT - National Electronic Fund Transfer
    (ii) RTGS - Real Time Gross Settlement System
    (iii) ECS - Electronic Clearing Services
    (iv) CORE - Centralised Online Real time Exchange

    (a)

    (a) (i) & (iii)

    (b)

    (b) (i), & (ii) & (iii) only

    (c)

    (c) (ii) , (iii) and (iv) only

    (d)

    (d) All of them

  9. The document which authorizes to deliver the goods either in part of full is called ___________.

    (a)

    Warehouse warrant

    (b)

    Dock receipt

    (c)

    Dock warrant

    (d)

    None of these

  10. What is the minimum period of Life Assurance?

    (a)

    More than one year

    (b)

    5 years

    (c)

    10 years

    (d)

    15 years or more

  11. An organization carrying out activities to move goods from Producer to Consumer is

    (a)

    Transport

    (b)

    Logistics

    (c)

    Channels

    (d)

    Marketing

  12. CII stands for ..................

    (a)

    Company Internal Infra-structure

    (b)

    Confederation of Indian Industry

    (c)

    Chamber of Indian Industry

    (d)

    Continuous Internal Intervention

  13. Debenture holders are entitled to fixed rate of

    (a)

    Dividend

    (b)

    Profits

    (c)

    Interest

    (d)

    Ratios

  14. Investment limit of medium enterprises under service sector does not exceeds ........crores.

    (a)

    2

    (b)

    4

    (c)

    5

    (d)

    7

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

    (a)

    Producer

    (b)

    Broker

    (c)

    retailer

    (d)

    customer

  16. ..............are generally organised and managed in the form of a joint stock company.

    (a)

    Multiple shop

    (b)

    Mail order business

    (c)

    Consumer's co-operative society

    (d)

    Hire-purchase system

  17. Indent House is also called_______________.

    (a)

    indent firms

    (b)

    clearing agent

    (c)

    middle men

    (d)

    service agent

  18. Mercantile person denotes ....................

    (a)

    Individual

    (b)

    Partnership

    (c)

    A Company

    (d)

    All the above

  19. A, B, C jointly promised to pay Rs. 50,000 to D. Before performance of the contract, C dies. Here, the contract

    (a)

    Becomes void on C's death

    (b)

    Should be performed by A and B along with C's legal representatives.

    (c)

    Should be performed by A and B alone

    (d)

    Should be renewed between A, B and D

  20. Income Tax Act came into force  on ________________

    (a)

    1.4.1932

    (b)

    1.4.1962

    (c)

    1.4.1947

    (d)

    1.4.1954

  21. II. Answer any 7 questions. Q. No 21 is compulsory :
    7 x 2 = 14
  22. What is meant by Industry?

  23. Who is called a Sole Trader?

  24. Give two examples of MNC

  25. What is Cash Reserve Ratio?

  26. What are the major types of Commercial ships?

  27. What is free Enterprise?

  28. What is FDI?

  29. Explain the meaning of Entrepot trade.

  30. What is meant by Entrepot Trade?

  31. What do you mean by Balance of Payment?

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

    7 x 3 = 21
  33. Under what circumstances can a partnership be dissolved by the court? Dissolution through court (Sec. 44):

  34. What do you mean by Core Banking Solutions?

  35. What is fire insurance and bring its importance?

  36. Illustrate with example the working of a MNC.

  37. State the investment limit for Medium Enterprise engaged in manufacturing and service sector.

  38. Explain the types of Mercantile Agents

  39. Explain the objectives of Export Trade?

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

  41. At what circumstances the court may order injunction at the time of claim?

  42. Write a note on Agricultural Income.

  43. IV. Answer all the questions :
    7 x 5 = 35
    1. Explain the development of Commerce and Trade in North India.

    2. Explain the various kinds of industries on the basis of size.

    1. Write the procedure for registration of a firm.

    2. Write a note on consumer Co-operative Society ?

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

    2. Explain the various documents involved in Transport?

    1. What are the disadvantages of franchising?

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

    1. List out the various Sources of Financing.

    2. Describe the demerits of Foreign Trade.

    1. State any three limitations of departmental stores

    2. Highlight the functions of IBRD.

    1. Explain the essentials of a valid contract?

    2. Describe the contract to be discharged by the operation law.

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