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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. Consumers Co-operation was first successful in

    (a)

    England

    (b)

    USA

    (c)

    Swiss

    (d)

    India

  7. Government companies are registered under.

    (a)

    Special statute of Government

    (b)

    Companies Act, 1956

    (c)

    Royal charter

    (d)

    Order of the Government

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

    (a)

    SBI

    (b)

    ICICI

    (c)

    RBI

    (d)

    NABARD

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

    (a)

    1947

    (b)

    1946

    (c)

    1945

    (d)

    1950

  10. 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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