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

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. "Kautilya's Arthasastra" describes the economy in times of

    (a)

    Aryan

    (b)

    Mauriyan

    (c)

    Cholas

    (d)

    Pandyas

  2. The following does not characterize business activity?

    (a)

    Production of goods and services

    (b)

    Presence of risk

    (c)

    Sale or exchange of goods and services

    (d)

    Salary or wages

  3. Normally high level risk involved in

    (a)

    Industry

    (b)

    Commerce

    (c)

    Trade

    (d)

    All of the above

  4. When his business assets are not sufficient to pay off the business debts, he has to pay from his personal property.

    (a)

    Unlimited Liability

    (b)

    Flexibility

    (c)

    Small capital

    (d)

    Limited Liability

  5. The participation of both the Government and the private sector in company is knows as____________.

    (a)

    Private

    (b)

    Public

    (c)

    Joint

    (d)

    None of these

  6. In co-operatives the percentage of profit used for general social welfare activities is

    (a)

    9

    (b)

    10

    (c)

    15

    (d)

    25

  7. Maintenance of minimum balance in Savings Acount is.

    (a)

    Compulsory

    (b)

    Not compulsory

    (c)

    Optional

    (d)

    None

  8. Which of the following holder are not having voting rights?

    (a)

    Debentures

    (b)

    Equity Shares

    (c)

    Preference Shares

    (d)

    Bonds

  9. Merchant wholesalers are ________  types

    (a)

    Two

    (b)

    Three

    (c)

    Four

    (d)

    Five

  10. Economies of scale are enjoyed when goods are produced at___________.

    (a)

    small-scale

    (b)

    large-scale

    (c)

    lower-scale

    (d)

    consumption level

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