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

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 with the object of earning money are called ____________ activities.

    (a)

    primary

    (b)

    secondary

    (c)

    economic

    (d)

    non-economic

  2. Commerce involves an exchange of ................for the sake of earning profits

    (a)

    ideas

    (b)

    mutual interest

    (c)

    goods

    (d)

    goods and services

  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. 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 Government appointed a committee to review the working of Co-operatives under the chairmanship of -----------------

    (a)

    Florace Plunkett

    (b)

    Talmaki

    (c)

    Meclagoon

    (d)

    H.C. Calvert

  6. In the case of .................... the whole of the capital or 51% or m~re is owned by the government.

    (a)

    Government company

    (b)

    Departmental undertaking

    (c)

    Public limited company

    (d)

    Public corporation

  7. Socially responsible business provides goods at

    (a)

    High price

    (b)

    Low price

    (c)

    reasonable price

    (d)

    moderate price

  8. ________ type of loan taken from the bank for immovable assets.

    (a)

    Trade credit

    (b)

    Mortgage

    (c)

    Hypothecation 

    (d)

    Pledge

  9. Indent House is also called_______________.

    (a)

    indent firms

    (b)

    clearing agent

    (c)

    middle men

    (d)

    service agent

  10. The day to day administration of WTO is entrusted with

    (a)

    Executive Council

    (b)

    General Council

    (c)

    Administrative Council

    (d)

    General body

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TN 11th Standard Commerce free Online practice tests

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