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11th Standard Commerce English Medium Free Online Test 1 Mark Questions 2020

11th Standard

    Reg.No. :
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Commerce

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

    Answer all the questions

    10 x 1 = 10
  1. 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

  2. The production side of business activity is referred as ______________

    (a)

    business

    (b)

    trade

    (c)

    industry

    (d)

    commerce

  3. Centralised control in MNC's implies control exercised by

    (a)

    Branches

    (b)

    Subsidiaries

    (c)

    Headquarters

    (d)

    Parliament

  4. The duration of bill of exchange may be ranging from ___________________

    (a)

    15 to 80 days

    (b)

    16 to 90 days

    (c)

    7 to 365 days

    (d)

    51 to 80 days

  5. MSME supplies to large scale industries.

    (a)

    Accessories

    (b)

    Spare Parts

    (c)

    Components

    (d)

    All the above

  6. ..............issued by warehouse-keeper is a document of title of goods.

    (a)

    Receipt of goods

    (b)

    Warehouse warrant

    (c)

    Warehouse Keeper's certificate

    (d)

    Acknowledgment receipt

  7. Balance of payments surplus indicates

    (a)

    Exports are more than the Imports

    (b)

    Imports are more than Exports

    (c)

    Exports and Imports are at equilibrium

    (d)

    Exports and Imports are above equilibrium

  8. 'A' promises to obtain for 'B' an employment in the public service and 'B' promises to pay' Rs.5,00,000 to A. The agreement is.

    (a)

    Legal

    (b)

    Illegal

    (c)

    In good faith

    (d)

    Fraudulent

  9. Owing to a strike in a factory of A, A is not able to supply the goods to B, as per the terms of agreement. The agreement in such a case_____________.

    (a)

    is discharged

    (b)

    is not discharged

    (c)

    becomes void

    (d)

    is voidable at the option of A

  10. If a new contract is substituted in place of an existing contract it is called______________.

    (a)

    alternation

    (b)

    rescission

    (c)

    novation

    (d)

    waiver

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