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12th Standard Commerce English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Three

12th 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. The size and composition of the population is part of _________ environment.

    (a)

    Global

    (b)

    Technological

    (c)

    Socio-Cultural

    (d)

    Geo-physical

  2. New Economic Policy was introduced in the year___________.

    (a)

    1980

    (b)

    1991

    (c)

    2013

    (d)

    2015

  3. The unpaid seller can exercise his right of stoppage of goods in transit where the buyer.

    (a)

    Becomes insolvent

    (b)

    Refuses to pay price

    (c)

    Payment of price

    (d)

    Both (b) and (c)

  4. Document of title to the goods exclude

    (a)

    Lorry receipt

    (b)

    Railway receipt

    (c)

    Airway bill

    (d)

    Invoice

  5. Which of the below is a commercial function?

    (a)

    Accounting

    (b)

    Coordination

    (c)

    Discovery of idea

    (d)

    Planning

  6. Which of the below is not a Characteristic of a Fabian Entrepreneur?

    (a)

    Conservative

    (b)

    Risk averse

    (c)

    Sceptical

    (d)

    Adaptive

  7. _____ has to include the mechanism for managing venture in the project report.

    (a)

    Banker

    (b)

    Government

    (c)

    Lending Institutions

    (d)

    Entrepreneur

  8. The Companies Act 2013 Prohibits the issue of shares at__________ to the public.

    (a)

    Premium

    (b)

    Par

    (c)

    Discount

    (d)

    Both at par and Premium

  9. The Board of Directors can exercise the power to appoint directors in the case of.

    (a)

    Additional Directors

    (b)

    Filling up the Casual vacancy

    (c)

    Alternate Directors

    (d)

    All the above

  10. A special resolution must be filed with the Registrar within

    (a)

    7 days

    (b)

    14 days

    (c)

    30 days

    (d)

    60 days

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TN 12th Standard Commerce free Online practice tests

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