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

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. "Economic activities performed for earning profit'~ definition given by .......

    (a)

    Haney

    (b)

    Carter

    (c)

    Stephenson

    (d)

    Taylor

  2. The service Enterprises with an maximum investment of 5 crore is known as_______

    (a)

    Micro Unit

    (b)

    Small Unit

    (c)

    Large Unit

    (d)

    Medium Unit

  3. Sole Proprietorship is suitable for ________

    (a)

    Large scale concerns

    (b)

    Medium scale concerns

    (c)

    Small scale concerns

    (d)

    None of the above

  4. A temporary partnership which is formed to complete a specific job doing a specified period of time is called ____________

    (a)

    Partnership-at-will

    (b)

    Particular partnership

    (c)

    Limited Partnership

    (d)

    Joint Venture

  5. Which of the following are matched correctly
    (i) IFCI - Development Bank
    (ii) Vallalar Grama Bank - RRB
    (iii) SBI - Public - Sector Bank
    (iv) Indian Bank - Nationalised Bank

    (a)

    (a) (i) & (ii)

    (b)

    (b) (iii) & (iv)

    (c)

    (c) (i), (ii), (iii)

    (d)

    (d) (i), (ii), (iii) & (iv)

  6. _______ refers to the assumption of responsibility for the storage of goods.

    (a)

    Warehouse

    (b)

    Warehousing

    (c)

    Bond

    (d)

    Marketing

  7. 'Stepping the shoes on others' means _________ .

    (a)

    Subrogation

    (b)

    Contribution

    (c)

    nearest cause

    (d)

    indemnity

  8. Socially responsible business provides goods at

    (a)

    High price

    (b)

    Low price

    (c)

    reasonable price

    (d)

    moderate price

  9. There are_______distinct modes of Credit to self help groups

    (a)

    1

    (b)

    2

    (c)

    3

    (d)

    4

  10. Which of these parties cannot demand performance of promise?

    (a)

    Promisee

    (b)

    Any of the joint promisees

    (c)

    On the death of a promise, his legal representative

    (d)

    Stranger to the contract

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