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11th Standard Commerce English Medium Free Online Test Creative One Mark Questions with Answer Key - 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.  Barter system will be effective only when the needs of both parties are ..... with each other.

    (a)

    satisfied

    (b)

    not satisfied

    (c)

    coincided

    (d)

    none of these

  2. The retailers who have independent shops of temporary nature is known as __________

    (a)

    Mobile Trader

    (b)

    Peddlers

    (c)

    Cheap Jacks

    (d)

    Market Traders

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

    (a)

    License

    (b)

    Foreign Investment

    (c)

    Sales

    (d)

    Export

  4. ______________regulates the use of foreign exchange in India.

    (a)

    The Reserve Bank of India

    (b)

    The State Bank of India

    (c)

    Commercial Bank

    (d)

    World Bank

  5. IFC is one subsidary institution of ...............

    (a)

    IMF

    (b)

    WTO

    (c)

    World Bank

    (d)

    SAARC

  6. Each party is a promisors and a promisee in case of_____________.

    (a)

    past consideration

    (b)

    present consideration

    (c)

    every contract

    (d)

    reciprocal promisors

  7. Atender of an instalment when the contract stipulates payment in full is a valid tender. The statement is______________.

    (a)

    True

    (b)

    False

    (c)

    None of these

  8. 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

  9. Tax charged on Long Term Capital Gain is ____________

    (a)

    20%

    (b)

    15%

    (c)

    25%

  10. Service Tax is exempted to the traders having annual turn over less than_________.

    (a)

    Rs 10 lakhs

    (b)

    Rs 20 Lakhs

    (c)

    Rs 15 Lakhs

    (d)

    Rs 50 Lakhs

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TN 11th Standard Commerce free Online practice tests

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