New ! Commerce MCQ Practise Tests



Term II Model Question Paper

11th Standard

    Reg.No. :
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Commerce

Time : 02:30:00 Hrs
Total Marks : 90
    20 x 1 = 20
  1. In Pandiyas Dynasty the place where the goods are sold is  ______

    (a)

    Angadi

    (b)

    Market

    (c)

    Nalangadi

    (d)

    Allangadi

  2. Occupation of a Doctor is ______.

    (a)

    Employment

    (b)

    Business

    (c)

    Profession

    (d)

    Sole Proprietor

  3. Normally high level risk involved in ___________

    (a)

    Industry

    (b)

    Commerce

    (c)

    Trade

    (d)

    All of the above

  4. In which form the owner, establisher and manager is only one?

    (a)

    Joint Enterprise

    (b)

    Government Company

    (c)

    Co-operative Society

    (d)

    Sole Proprietor

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

    (a)

    Owner

    (b)

    Karta

    (c)

    Manager

    (d)

    Partner

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

    (a)

    Creditors

    (b)

    Debtors

    (c)

    Debenture holders

    (d)

    Share holders (members)

  7. Consumers Co-operation was first successful in_______.

    (a)

    England

    (b)

    USA

    (c)

    Swiss

    (d)

    India

  8. Centralised control in MNC's implies control exercised by ___________

    (a)

    Branches

    (b)

    Subsidiaries

    (c)

    Headquarters

    (d)

    Parliament

  9. The share capital of the government company must not be less than ____________

    (a)

    75%

    (b)

    60%

    (c)

    95%

    (d)

    51%

  10. The Central Bank of India is __________

    (a)

    PNB

    (b)

    SBI

    (c)

    ICICI

    (d)

    RBI

  11. Which bank is not a Industrial Bank?

    (a)

    ICICI

    (b)

    HSBC

    (c)

    SIDBI

    (d)

    IDBI

  12. Electronic banking can be done through _____________

    (a)

    Computers

    (b)

    Mobile Phones

    (c)

    ATM

    (d)

    All of the above

  13. Warehouses removes the hindrance of _________

    (a)

    Person

    (b)

    Time

    (c)

    Risk

    (d)

    Knowledge

  14. __________ warehouses are used for storing perishable goods like fruits, vegetables etc.

    (a)

    Bonded

    (b)

    Private

    (c)

    Cold storage

    (d)

    Co-operative

  15. Which is the fastest means of transport?

    (a)

    Rail

    (b)

    Road

    (c)

    Sea

    (d)

    Air

  16. Which of the following in not applicable in insurance contract?

    (a)

    Unilateral Contract

    (b)

    Conditional Contract

    (c)

    Indemnity Contract

    (d)

    Inter-personal contract

  17. An organization carrying out activities to move goods from Producer to Consumer is __________

    (a)

    Transport

    (b)

    Logistics

    (c)

    Channels

    (d)

    Marketing

  18. Socially responsible business provides goods at _______.

    (a)

    High price

    (b)

    Low price

    (c)

    reasonable price

    (d)

    moderate price

  19. The role of top management is to guide the entire organisation towards ______.

    (a)

    General Behaviour

    (b)

     Organisational behaviour

    (c)

     Ethically upright behaviour

    (d)

     Individual behaviour

  20. It may be wise to finance fixed assets through______

    (a)

    Creditors

    (b)

    Long term debts

    (c)

    Bank overdraft

    (d)

    Bills discounting

  21. 7 x 2 = 14
  22. What do you mean by Business?

  23. What is trade?

  24. What is Sole trading business?

  25. Define a Company.

  26. Write any two advantages of MNC's.

  27. Write the meaning of 'Bank'.

  28. Define Logistics.

  29. 7 x 3 = 21
  30. Explain the meaning of the term "Vanigam".

  31. Explain the classification of ‘Business’.

  32. Define Sole trading business.

  33. Write any 3 features of HUF.

  34. Mention the importance of Banking Services.

  35. Explain - NEFT.

  36. Differentiate the warehouse warrant from the warehouse receipt

  37. 7 x 5 = 35
  38. Explain the characteristics of Business.

  39. What are the types of Cooperative Society?

  40. Discuss the advantages of railway transport.

  41. Explain the Principles of insurance.

  42. Distinguish between GDR and ADR?

  43. What are the objectives of SHGs?

  44. Describe the benefits of WTO.

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