New ! Commerce MCQ Practise Tests



Term 1 Model Question Paper

11th Standard

    Reg.No. :
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Commerce

Time : 02:00:00 Hrs
Total Marks : 60
    8 x 1 = 8
  1. In Pandiyas Dynasty the place where the goods are sold is  ______

    (a)

    Angadi

    (b)

    Market

    (c)

    Nalangadi

    (d)

    Allangadi

  2. Activities undertaken out of love and affection or with social service motive are termed as:

    (a)

    Economic activities

    (b)

    Monetary activities

    (c)

    Non Economic activities

    (d)

    Financial Activities

  3. Commerce is mainly concerned with ______.

    (a)

    Connecting producer and consumer

    (b)

    Pricing of Goods

    (c)

    Buying and Selling of Goods

    (d)

    Manufacturing of goods

  4. The firm of Hindu Undivided Family is managed by whom?

    (a)

    Owner

    (b)

    Karta

    (c)

    Manager

    (d)

    Partner

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

    (a)

    Creditors

    (b)

    Debtors

    (c)

    Debenture holders

    (d)

    Share holders (members)

  6. The share capital of the government company must not be less than ____________

    (a)

    75%

    (b)

    60%

    (c)

    95%

    (d)

    51%

  7. The Central Bank of India is __________

    (a)

    PNB

    (b)

    SBI

    (c)

    ICICI

    (d)

    RBI

  8. Foreign banks are begun their operation since __________

    (a)

    1978

    (b)

    1979

    (c)

    1980

    (d)

    1976

  9. 8 x 2 = 16
  10. What is meant by Nallangadi?

  11. Write a note on Profession.

  12. What are the Corporate enterprises?

  13. Who is a Minor?

  14. What are the different types of companies?

  15. Define Cooperatives.

  16. Give two examples of MNC's

  17. What are Foreign banks?

  18. 7 x 3 = 21
  19. What are the ports developed by Pandiya Kingdom?

  20. Explain the classification of ‘Business’.

  21. Narrate commerce with an example.

  22. What is meant by Joint and Several Liability?

  23. What is meant by Producers Cooperative Society?

  24. What is meant by Departmental undertakings.

  25. Explain the origin of RBI.

  26. 3 x 5 = 15
  27. State the demerits in barter system.

  28. Distinguish between economic and non-economic activity.

  29. What are the advantages and disadvantages of Public corporation?

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