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

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. The written agreement among partners is called _______

    (a)

    Partnership

    (b)

    Partnership deed

    (c)

    Articles of association

    (d)

    Partnership act 

  2. ___________refers to confiscation of shares held by a member for non-payment of call dues.

    (a)

    Allotment of shares

    (b)

    Minimum subscription

    (c)

    Forfeiture of shares

    (d)

    Reissue of forfeited shares.

  3. A Government company purchases shares in the name of

    (a)

    Prime Minister

    (b)

    President

    (c)

    Chief Justice of India

    (d)

    State Chief Minister

  4. The primary objective of the ________________  is to serve the people and help in creating an environment for industrial activity.

    (a)

    State enterprises

    (b)

    Private sector

    (c)

    Co-operatives

    (d)

    None of the above

  5. __________ helps the producers to get reasonable price for their produce.

    (a)

    Warehousing

    (b)

    Buffer stocks

    (c)

    Support price

    (d)

    Public distribution services

  6. Corporate Governance maintains balance among.

    (a)

    Individual goals and societal goals

    (b)

    Individual goals, societal. goals and economic goals

    (c)

    Individual goals, societal goals, economic goals and social goals

    (d)

    None of the above

  7. The auctioneer is bound to sell the product to the highest bidder in Reserve........auction.

    (a)

    open

    (b)

    with

    (c)

    without

    (d)

    limited

  8. Business agreement wherein parties agree to develop a new entity?

    (a)

    Partnership

    (b)

    Joint Venture

    (c)

    Sole Trading

    (d)

    None of these

  9. 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

  10. Balance of trade of a country may either be ..............

    (a)

    favourable

    (b)

    unfavourable

    (c)

    both (a) or (b)

    (d)

    none of these

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