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11th Standard Commerce English Medium Free Online Test Creative 1 Mark Questions

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. Barter system refers to____________

    (a)

    Exchange of goods against cash

    (b)

    Exchange of Cash against cash

    (c)

    Exchange of goods against goods

    (d)

    Exchange of service against cash

  2. Industries which are engaged in construction of dames, bridges, roads, etc are called as.

    (a)

    Construction Industries

    (b)

    Genetic Industries

    (c)

    Manufacturing Industries

    (d)

    Extractive Industries

  3. _______________ is owned by Single person

    (a)

    Sole proprietorship

    (b)

    Joint Hindu Family

    (c)

    Public Company

    (d)

    Private Company

  4. The Joint Hindu Family Business is a distinct form of organisation peculiar to ___________

    (a)

    India

    (b)

    Italy

    (c)

    Germany

    (d)

    USA

  5. A _________ is a distinct legal entity.

    (a)

    Company

    (b)

    Organisation

    (c)

    Business

    (d)

    None of these

  6. Co-operative Society can be started

    (a)

    Only at villages

    (b)

    In towns and Villages

    (c)

    Only in cities

    (d)

    Only in urban areas

  7. ------------is a market condition where there are very few sellers in the same product line.

    (a)

    Oligopoly

    (b)

    Monopoly

    (c)

    Market condition

    (d)

    Perfect competition

  8. During the -------- century, various governments started participating in industrial and commercial activities.

    (a)

    Seventeenth

    (b)

    twentieth

    (c)

    twenty first

    (d)

    none of these

  9. A bank, which occupies a central position in the monetary and Banking System of the country and has a superior financial authority, is ______

    (a)

    Central Bank

    (b)

    Commercial Bank

    (c)

    Exchange Bank

    (d)

    Co-operative Bank

  10. 14 major commercial banks were nationalised by the government of India in 1969 and other banks were nationalised in ______

    (a)

    1980

    (b)

    1970

    (c)

    1985

    (d)

    1982

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