New ! Commerce MCQ Practise Tests

11th Standard Commerce English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Nine

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. The following does not characterize business activity?

    (a)

    Production of goods and services

    (b)

    Presence of risk

    (c)

    Sale or exchange of goods and services

    (d)

    Salary or wages

  2. Public Enterprises are under .............. category of Business

    (a)

    Size

    (b)

    Function

    (c)

    Ownership

    (d)

    Character

  3. Person who enter in to a partnership are individually called.

    (a)

    Partner

    (b)

    Partnership firm

    (c)

    Firm name

    (d)

    Co-operation

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

    (a)

    Creditors

    (b)

    Debtors

    (c)

    Debenture holders

    (d)

    Share holders (members)

  5. This emerged as an instrument to protect the interest of the weaker section is___________.

    (a)

    Socialism

    (b)

    Mixed system

    (c)

    Public enterprise

    (d)

    Co-operation

  6. The deposit which has no limitation on deposit of cheques or withdrawals from the account is______

    (a)

    Demand Deposit

    (b)

    Current Deposit

    (c)

    Fixed deposit

    (d)

    Recurring Deposit

  7. A factor is a mercantile agent who .............

    (a)

    Takes physical possession of the goods

    (b)

    Deals in his own name

    (c)

    Receives payments from customers

    (d)

    All the above

  8. Acceptance to be valid must be __________.

    (a)

    be absolute

    (b)

    be unqualified

    (c)

    both be absolute and unqualified

    (d)

    be conditional

  9. Sale of goods for cash is an example of_______________.

    (a)

    mutual and independent promises

    (b)

    mutual and dependent promises

    (c)

    mutual arid concurrent promises

    (d)

    conditional and dependent promises

  10. How many heads of income are there to compute Gross total income?

    (a)

    Six

    (b)

    Five

    (c)

    Four

    (d)

    Three

*****************************************

TN 11th Standard Commerce free Online practice tests

Reviews & Comments about 11th Standard Commerce English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Nine

Write your Comment