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11th Standard Commerce English Medium Free Online Test Book Back One Mark Questions - 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. MSMED Act was enacted in the year

    (a)

    2004

    (b)

    2007

    (c)

    2006

    (d)

    2008

  2. Trade middleman who acts as a link between wholesaler and customers refers to a____________

    (a)

    Producer

    (b)

    Broker

    (c)

    retailer

    (d)

    customer

  3. Retailers deal in _________ quantity of goods.

    (a)

    Small

    (b)

    Large

    (c)

    Medium

    (d)

    Limited

  4. Movement of goods, services, intellectual property, human assets, technology and so on among the countries.

    (a)

    International Trade

    (b)

    International Business

    (c)

    Entrepot Trade

    (d)

    Internal Trade

  5. EPC stands for

    (a)

    Export Processing Commission

    (b)

    Export Promotion Council

    (c)

    Export Carriage Council

    (d)

    Export Promotion Congress

  6. General Agreement on Tariff and Trade was signed on

    (a)

    30-October-1947

    (b)

    29-October-1947

    (c)

    28-October-1947

    (d)

    26-October-1947

  7. The Statement which discloses a record of transactions between the resident of one country and resident of Foreign Country.

    (a)

    Balance of Payments

    (b)

    Balance of Trade

    (c)

    Statement of receipts and payments

    (d)

    Accounting Statement

  8. An Agreement enforceable by law is a

    (a)

    enforceable acceptance

    (b)

    accepted offer

    (c)

    approved promise

    (d)

    contract

  9. On the valid performance of the contractual obligations by the parties, the contract

    (a)

    Is discharged

    (b)

    Become enforceable

    (c)

    Becomes void

    (d)

    Becomes legal

  10. On the valid performance of the contractual obligation by the parties, the contract.

    (a)

    is discharged

    (b)

    becomes enforceable

    (c)

    becomes void

    (d)

    none of these

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