+1 Second Revision Test 2019

11th Standard

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Commerce

Time : 02:30:00 Hrs
Total Marks : 90
    20 x 1 = 20
  1. Trade and Commerce was common to ____________ Dynasty.

    (a)

    Pallava

    (b)

    Chola

    (c)

    Pandiya

    (d)

    Chera

  2. Normally high level risk involved in

    (a)

    Industry

    (b)

    Commerce

    (c)

    Trade

    (d)

    All of the above

  3. Registration of partnership is _________

    (a)

    compulsory

    (b)

    optional

    (c)

    not necessary

    (d)

    none of the above

  4. The debenture holders of a joint-stock company gets a fixed rate of______________.

    (a)

    dividend

    (b)

    subscription

    (c)

    interest

    (d)

    discount

  5. Membership in a Co-operative organization is :

    (a)

    Not open to all

    (b)

    Selective

    (c)

    Open to all

    (d)

    None of them

  6. The primary objective of the state enterprises is to --------------

    (a)

    Earn profit

    (b)

    Provide Employment

    (c)

    Serve the People

    (d)

    All the Above

  7. Which of the following is not a function of a Central Bank?

    (a)

    Guiding and regulating the Banking system of a Country

    (b)

    Deal with general public

    (c)

    Acts essentially as government banker

    (d)

    Maintains deposit accounts of all other banks

  8. Refusal by the banker to make payment on the cheque presented is called _____of cheque.

    (a)

    crossing

    (b)

    endorsement

    (c)

    dishonour

    (d)

    honour

  9. Warehouse removes the hindrance of _________

    (a)

    Person

    (b)

    Time

    (c)

    Risk

    (d)

    Knowledge

  10. General insurance means_______ Insurance.

    (a)

    Fire

    (b)

    Marine

    (c)

    Miscellaneous

    (d)

    All the above

  11. A continuing relationship which provides license privileges to do a Business and provide Training, merchandising for a consideration is called _____.

    (a)

    Franchising

    (b)

    Factoring

    (c)

    Supply chain Management

    (d)

    Exchange

  12. The word 'Ethics' is derived from ----- word.

    (a)

    French

    (b)

     Latin

    (c)

     Greek

    (d)

     Tamil

  13. Debenture holders are entitled to fixed rate of

    (a)

    Dividend

    (b)

    Profits

    (c)

    Interest

    (d)

    Ratios

  14. Tamil Nadu Corporation for Development of Women Limited (TNCDW) was established in the year________________________

    (a)

    1983

    (b)

    1984

    (c)

    1985

    (d)

    1995

  15. A ________ is a mercantile agent to whom goods are entrusted for sale by a principal and take possession of the goods, but does not obtain ownership.

    (a)

    Broker

    (b)

    Factor

    (c)

    warehouse keeper

    (d)

    Commission agent

  16. Suitable goods for Mail Order Business _______

    (a)

    Dairy product

    (b)

    Vegetables

    (c)

    Fruits

    (d)

    Watches

  17. When goods are loaded, the captain of the ship issue a receipt known as__________.

    (a)

    Dock challan

    (b)

    Mate's receipt

    (c)

    Bill of lading

    (d)

    Clear bill oflading

  18. A contract is .....................

    (a)

    a legal obligation

    (b)

    an agreement plus a legal obligation

    (c)

    consensus ad idem

    (d)

    an agreement plus a legal object

  19. 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

  20. Compensation received for loss of trading asset is a _______________

    (a)

    Capital receipt

    (b)

    Revenue receipt

    (c)

    a casual receipt

    (d)

    None of the above

  21. 7 x 2 = 14
  22. Name the activity which facilitates buying and selling. Explain briefly about it?

  23. For which of the following types of business do you think a sole proprietorship form of organisation would be more suitable, and why?
    (a) Grocery Store
    (b) Medical store
    (c) Craft centre
    (d) Legal consultancy
    (e) Internet cafe

  24. Write any two advantages of MNC.

  25. How did the remonetisation carried out in India in the year 2016?

  26. What is Monorail?

  27. Who are called stakeholders?

  28. What is International Finance?

  29. Give the meaning of Trade?

  30. What is meant by Export Trade?

  31. What is the composition of Private Capital?

  32. 7 x 3 = 21
  33. Under what circumstances can a partnership be dissolved by the court? Dissolution through court (Sec. 44):

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

  35. What is Marine Insurance? What are its features?

  36. What do you mean by the concept the Business Ethics?

  37. What is the role and significance of MSMEs in Indian Economy?

  38. Explain any three characteristics of wholesalers?

  39. Enumerate the objectives of export trade.

  40. Show the classification of contract by a flow chart.

  41. State some cases, in which the court grants specific performance:

  42. Write a note on Agricultural Income.

  43. 7 x 5 = 35
    1. Explain the development of Commerce and Trade in North India.

    2. What are the characteristics of commerce?

    1. Write the procedure for registration of a firm.

    2. Write a note on consumer Co-operative Society ?

    1. What are the Quantitative Method of Credit Control? Explain.

    2. Write a note on Inland Waterways.

    1. Compare Factoring with Forfeiting:

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

    1. Explain any four personal Investment Avenues ?

    2. Describe the demerits of Foreign Trade.

    1. State any three limitations of departmental stores

    2. Write down the functions of WTO.

    1. Explain the classification of contract on the basis of the formation.

    2. What are all the reasons for not granting the specific performance by the court?

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