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11th Standard Commerce English Medium Free Online Test One Mark Questions with Answer Key 2020 - 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. A major disadvantage of sole proprietorship is __________.

    (a)

    Limited liability

    (b)

    Unlimited liability

    (c)

    Easy Formation

    (d)

    Quick decision

  2. The Local Area Banks are promoting _____________

    (a)

    Rural Savings

    (b)

    Business Savings

    (c)

    Industrial development

    (d)

    Agricultural development

  3. Maintenance of minimum balance in Savings Acount is ____________

    (a)

    Compulsory

    (b)

    Not compulsory

    (c)

    Optional

    (d)

    None

  4. ___________ is a document acknowledging the receipt of goods by a carrier

    (a)

    Way bill

    (b)

    Consignment note

    (c)

    Charter

    (d)

    Bill of lading

  5. Tramps are _________

    (a)

    Passenger vessels

    (b)

    Cargo vessels

    (c)

    Buses

    (d)

    Lorries

  6. A Company under outsourcing transfers activities which are _____________

    (a)

    Core

    (b)

    Non-core

    (c)

    Business

    (d)

    Non-Business

  7. Debenture holders are entitled to fixed rate of ____________

    (a)

    Dividend

    (b)

    Profits

    (c)

    Interest

    (d)

    Ratios

  8. ADR issued needs the approval from ________.

    (a)

    SEBI

    (b)

    IMF

    (c)

    World Bank

    (d)

    Securities and Exchange Commission

  9. Small shops which deal in a particular line of products are called as

    (a)

    Market Traders

    (b)

    Single line stores

    (c)

    Sugar Market

    (d)

    Street stalls

  10. Unilateral Payments Account Credit items shows ..................

    (a)

    Private-remittances received from foreign countries

    (b)

    Pension Payments to foreign countries

    (c)

    Private remittances of foreign countries

    (d)

    Both (a) arid (b)

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