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

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. Trade means buying and selling of goods for....................

    (a)

    Money (Profit)

    (b)

    Social welfare

    (c)

    Self-satisfaction

    (d)

    Risk bearing

  2. Special arrangement must be made for_____________________________ of goods to prevent loss or damage

    (a)

    transportation

    (b)

    pricing

    (c)

    storage

    (d)

    advertising

  3. Who has the power to convene the meetings of Board of Directors?

    (a)

    Shareholders

    (b)

    Board of Directors

    (c)

    Chairman

    (d)

    None of these

  4. ..........are totally funded by the government and all their income go into the state treasury.

    (a)

    Public Corporation

    (b)

    Departmental undertaking

    (c)

    Government company

    (d)

    None of these

  5. ______ deposits are repayable on demand on any day.

    (a)

    Demand Deposit

    (b)

    Time Deposit

    (c)

    Fixed Deposit

    (d)

    Savings Deposit

  6. If the Railway receipt is lost, the consignee obtains the goods by

    (a)

    Paying a Penalty

    (b)

    Obtaining a duplicate copy

    (c)

    Executing an indemnity bond

    (d)

    Report to the police

  7. Ethics is derived form the word 'ethos' from ........................

    (a)

    French

    (b)

    Greek

    (c)

    Latin

    (d)

    German

  8. ____________________________trade deals with the distribution of goods in small quantities to the consumers.

    (a)

    Retail

    (b)

    Wholesale

    (c)

    Home

    (d)

    Foreign

  9. The profit in a co-operative consumer store is divided in the form of ...............

    (a)

    dividend

    (b)

    premium

    (c)

    bonus

    (d)

    dividend and bonus

  10. A contract is .....................

    (a)

    a legal obligation

    (b)

    an agreement plus a legal obligation

    (c)

    consensus ad idem

    (d)

    an agreement plus a legal object

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