11th Public Model Exam 2019

11th Standard

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Commerce

Time : 02:30:00 Hrs
Total Marks : 90
    20 x 1 = 20
  1. Who wrote "Arthasasthra"?

    (a)

    Kautilya

    (b)

    Chanakiya

    (c)

    Thiruvalluvar

    (d)

    Elangovadigal

  2. Commerce is mainly concerned with

    (a)

    Connecting producer and consumer

    (b)

    Pricing of goods

    (c)

    Buying and Selling of goods

    (d)

    Manufacturing of goods

  3. The firm of Hindu Undivided Family is managed by whom?

    (a)

    Owner

    (b)

    Karta

    (c)

    Manager

    (d)

    Partner

  4. Debenture holders of a company are its_____________.

    (a)

    creditors

    (b)

    members

    (c)

    credit customers

    (d)

    borrowers

  5. Rochdale Society of equitable pioneers was started by--------------

    (a)

    Robert Owen

    (b)

    H.C. Calvert

    (c)

    Talmaki

    (d)

    Lambert

  6. Airport Authority of India is a public enterprise.Identify the form of organisation

    (a)

    Statutory Corporations

    (b)

    Departmental Undertakings

    (c)

    Multi-National Corporations

    (d)

    State Owned Company

  7. The Reserve Bank of India commenced its operations from April 1,

    (a)

    1936

    (b)

    1935

    (c)

    1934

    (d)

    1933

  8. When money is deposited for a fixed period, the depositor can borrow money against the security of____________

    (a)

    Saving Bank deposit Receipt

    (b)

    FDR

    (c)

    Recug-ing deposit Receipt

    (d)

    Overdraft

  9. A warehouse holds goods as a __________ centre.

    (a)

    Marketing

    (b)

    Sorting

    (c)

    Distribution

    (d)

    Selling

  10. In_________ insurance, the assured should have insurable interest at the time of loss.

    (a)

    Fire

    (b)

    Life

    (c)

    Marine

    (d)

    Voyage

  11. The model that identifies alternatives, criteria for decision making and analyse alternatives to arrive at the best choice is 

    (a)

    Routing Model

    (b)

    Scheduling Model

    (c)

    Inventory Model

    (d)

    Alternative analysis

  12. _____________bench making is a direct competitor-to-competitor comparison of a product, service process or method.

    (a)

    Internal

    (b)

    Competitive

    (c)

    functional

    (d)

    generic

  13. It may be wise to finance Fixed Assets through______

    (a)

    Creditors

    (b)

    Long term debts

    (c)

    Bank overdraft

    (d)

    Bills discounting

  14. MSME supplies to large scale industries.

    (a)

    Accessories

    (b)

    Spare Parts

    (c)

    Components

    (d)

    All the above

  15. Wholesaler deals in ______ quantity of goods.

    (a)

    Small

    (b)

    Large

    (c)

    Medium

    (d)

    Limlited

  16. Centralised purchasing and Decentralised selling is the feature of_________

    (a)

    Departmental Stores

    (b)

    Multiple Shops

    (c)

    Mail order Business

    (d)

    None

  17. Expand RCMC

    (a)

    Registration cum Membership Council

    (b)

    Registration cum Manufacturing council

    (c)

    Registration cum Membership Certificate

    (d)

    Registration commodity manufacturing council

  18. Law of contract is ................

    (a)

    neither the whole law of agreements nor is it the whole law of obligations

    (b)

    the whole law of agreements

    (c)

    the whole law of obligations

    (d)

    none of these

  19. A person is said to be a third person if he is not a

    (a)

    Promisor

    (b)

    Promise

    (c)

    Agent

    (d)

    Legal representative

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

    (a)

    Six

    (b)

    Five

    (c)

    Four

    (d)

    Three

  21. 7 x 2 = 14
  22. What is meant by Industry?

  23. What are the Corporate enterprises?

  24. Write any two advantages of MNC.

  25. What are the departments of Reserve Bank of India?

  26. List a note on surface transport

  27. Give the meaning of Social power

  28. What are the steps to issuing ADRs?

  29. Explain the meaning of Entrepot trade.

  30. What do you mean by international business?

  31. What is the composition of Private Capital?

  32. 7 x 3 = 21
  33. Under what circumstances a partnership may be dissolved as per section 42 of Partnership Act?
    Dissolution on the happening of certain contingencies (Sec. 42):

  34. Briefly Explain the Diversified banking services of Commercial banks.

  35. Explain the various types of Marine Policies

  36. Illustrate with example the working of a MNC.

  37. Explain any three features of self help group

  38. What are the services rendered by a wholesaler to the manufacturers?

  39. What are the main function of EXIM Bank?

  40. Write a short note on Bilateral Contract:

  41. A, a singer, enters into a contract, with B, the manager of the Theatre. To sing at his Theatre for two nights, every week during the next two months. B agrees to pay her Rs 1000 for each night. On the sixth night, A willfully absent her self from the Theater Advice B.

  42. What do you mean by Total Income?

  43. 7 x 5 = 35
    1. What are the hindrances of Business?

    2. Explain the various kinds of industries on the basis of size.

    1. Write any three differences between Dissolution of Partnership and Dissolution of Firm.

    2. What are the advantages of Co-operative Society?

    1. Explain the credit control methods

    2. Explain the classification of Ocean Going Ships:

    1. What are the disadvantages of franchising?

    2. Explain Corporate Social Responsibility in India with an example:

    1. Explain any four personal Investment Avenues ?

    2. Give an account of India's Important Export and Import items.

    1. Explain the types of Mobil traders.

    2. Write down the functions of WTO.

    1. Explain the classification of contracts on the basis of performance.

    2. What are the reasons the court does not grant specific performance?

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