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

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 barter envisages mutual exchange of goods without ______________ as a medium of exchange.

    (a)

    Money

    (b)

    Services

    (c)

    Both

    (d)

    None of these

  2. Which of the following is not characterized as economic activities?

    (a)

    Production of goods by manufacturer

    (b)

    Selling by retailers

    (c)

    Medical advice rendered by physician

    (d)

    Celebrating festivals

  3. Fishery & Piggery come under ____________

    (a)

    assemblic industries

    (b)

    construction industries

    (c)

    genetic industries

    (d)

    continuous industries

  4. Banking, Insurance are examples of ..................... service.

    (a)

    Distributive

    (b)

    Financial

    (c)

    Public

    (d)

    None of these

  5. Which one of the following is the corporate enterprise?

    (a)

    Joint hindu family business

    (b)

    Sole proprietorship

    (c)

    Partnership

    (d)

    Joint-stock company

  6. The unlimited liability of partners is_____

    (a)

    Joint

    (b)

    Several

    (c)

    Joint and several

    (d)

    Constant

  7. The minimum paid up Capital of a Private Limited Company should be _____________

    (a)

    Rs 1 lakh

    (b)

    Rs 2 lakhs

    (c)

    Rs 3 lakhs

    (d)

    more than Rs 5 lakhs

  8. _________________________is considered as an artificial person.

    (a)

    Sole trader

    (b)

    Joint Hindu family business

    (c)

    Joint stock company

    (d)

    Co-operative society

  9. The oldest form of organisation in public sector ____________

    (a)

    Public Sector Undertakings

    (b)

    Departmental Undertakings

    (c)

    Multi-National Corporations

    (d)

    Statutory Corporation

  10. The aim of home trade is _____

    (a)

    To raise the standard of living

    (b)

    To provide the essential goods and services economically

    (c)

    To raise the National Income

    (d)

    To obtain all types of goods

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