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11th Standard Commerce English Medium Free Online Test One Mark Questions with Answer Key 2020 - 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. ___________ in Sangam period was both internal and external.

    (a)

    Sales

    (b)

    Education

    (c)

    Industry

    (d)

    Trade

  2. Which of the following is not characterized as economic activities?

    (a)

    Production of goods by manufacturer

    (b)

    Selling by retailers

    (c)

    Medical advice rendered by physician

    (d)

    Celebrating festivals

  3. A major disadvantage of sole proprietorship is __________.

    (a)

    Limited liability

    (b)

    Unlimited liability

    (c)

    Easy Formation

    (d)

    Quick decision

  4. The Board of directors of a company is elected by _________

    (a)

    Creditors

    (b)

    Debtors

    (c)

    Debenture holders

    (d)

    Share holders (members)

  5. Which of the following documents define the scope of a Company's Activities?

    (a)

    Memorandum of Association

    (b)

    Articles of Association

    (c)

    Prospectus

    (d)

    Statutory Declaration

  6. Which of the following has the priority in getting fixed dividend and return of share capital at the time of winding up?

    (a)

    Equity shares

    (b)

    Preference shares

    (c)

    Debentures

    (d)

    All of these

  7. Bankers are not only dealers of money but also leaders in

    (a)

    Economic Development

    (b)

    Trade Development

    (c)

    Industry Development

    (d)

    Service Development

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

    (a)

    Demand Deposit

    (b)

    Time Deposit

    (c)

    Fixed Deposit

    (d)

    Savings Deposit

  9. Transport is an integral part of _______.

    (a)

    agriculture

    (b)

    business

    (c)

    commerce

    (d)

    production

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

    (a)

    French

    (b)

    Greek

    (c)

    Latin

    (d)

    German

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TN 11th Standard Commerce free Online practice tests

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