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

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. Which one helps in announcing the arrival of new products and their uses to the people?

    (a)

    Advertising

    (b)

    Banking

    (c)

    Trade

    (d)

    Transport

  2. Banking, factoring, accounting and insurance come under_____________________ type of service.

    (a)

    Mechanical

    (b)

    Financial

    (c)

    Personal

    (d)

    Quinary

  3. The duration of bill of exchange may be ranging from ___________________

    (a)

    15 to 80 days

    (b)

    16 to 90 days

    (c)

    7 to 365 days

    (d)

    51 to 80 days

  4. Wholesaler's deals in ............. quantity of goods.

    (a)

    Small

    (b)

    Large

    (c)

    Medium

    (d)

    Limited

  5. Retailing is a marketing function which

    (a)

    sells products to other sellers

    (b)

    sells products to a company that resells them

    (c)

    sells products to final consumers

    (d)

    sells products for one's own use

  6. The first step in the internationalization process is _________.

    (a)

    License

    (b)

    Foreign Investment

    (c)

    Sales

    (d)

    Export

  7. Which one of the following document is not required in connection with an import trade?

    (a)

    Bill of entry

    (b)

    Bill of sight

    (c)

    Mate's receipt

    (d)

    Letter of credit

  8. Which one of the following is not the objective of IMF.

    (a)

    Promoting international monetary Co-operation

    (b)

    Ensuring balanced international trade

    (c)

    Ensuring exchange rate stability

    (d)

    Providing longterm capital to member countries for reconstruction.

  9. The Contract Act came into force

    (a)

    from 1 September 1972.

    (b)

    before 1 September 1882

    (c)

    from 1 September 1872

    (d)

    after 1 September 1872

  10. A lends Rs.500 to B. He later tells B that he need not repay the amount, the contract is discharged by______________.

    (a)

    breach

    (b)

    waiver

    (c)

    novation

    (d)

    performance

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