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11th Standard Commerce English Medium Free Online Test Creative One Mark Questions with Answer Key - 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. _________ functions as a medium of exchange.

    (a)

    Transport

    (b)

    Banking

    (c)

    Money

    (d)

    Warehousing

  2. An enterprise which is owned, managed and controlled by Government and private entrepreneurs is known as_______

    (a)

    Public Enterprise

    (b)

    Private Enterprise

    (c)

    Joint Enterprise

    (d)

    Co-operative Society

  3. The structure in which there is separation of ownership and man agreement is called ______

    (a)

    Sole Proprietorship

    (b)

    Partnership

    (c)

    Company

    (d)

    All business organisation 

  4. The liability of partners are_________.

    (a)

    Limited liability

    (b)

    Unlimited liability

    (c)

    agreed ratio

    (d)

    non mentioned

  5. A company can choose any name but it should not closely resemble the name of an/a _________

    (a)

    Foreign company

    (b)

    Chartered company

    (c)

    Existing company

    (d)

    Unlimited company

  6. The "Lender of the Last Resort" of all banks is ____________

    (a)

    SBI

    (b)

    ICICI

    (c)

    RBI

    (d)

    NABARD

  7. International Monetary Fund (IMF) in which India became the member in ____________.

    (a)

    1947

    (b)

    1946

    (c)

    1945

    (d)

    1950

  8. The goods stared to get profit out of fluctuations in prices is called storage for _________ purposes.

    (a)

    buffer stack

    (b)

    production

    (c)

    speculative

    (d)

    regular supply

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