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12th Standard Commerce English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Four

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 subject matter of contract of sale must he

    (a)

    ggods

    (b)

    cash

    (c)

    credit

    (d)

    all of these

  2. _____________ is usually made on the back of a negotiable instrument.

    (a)

    Endorsement

    (b)

    Bill of exchange

    (c)

    Cheque

    (d)

    All of the above

  3. "Entrepreneurship is essentially a creative activity" - who said these words?

    (a)

    Schumpeter

    (b)

    Richard

    (c)

    Knight

    (d)

    Jean Baptize

  4. ___________ has to determine the source of finance for funding the venture.

    (a)

    Intrapreneur

    (b)

    Manager

    (c)

    Entrepreneur

    (d)

    Promoter

  5. If minimum subscription is not received application money should be refunded with in ___________ days.

    (a)

    20

    (b)

    25

    (c)

    30

    (d)

    10

  6. The definition of the term key managerial personnel contained in

    (a)

    Section 2(13)

    (b)

    Section 2(18)

    (c)

    Section 2(50)

    (d)

    Section 2(51)

  7. A/an _______________  may become a director of a company.

    (a)

    partnership firm

    (b)

    person of unsound mind

    (c)

    individual

    (d)

    body corporate

  8. Some information should be kept very confidential in all the 

    (a)

    Companies

    (b)

    Private institutions

    (c)

    Industries

    (d)

    Owners

  9. The company gives the circular to shareholders before ______________ days of the meeting.

    (a)

    10

    (b)

    18

    (c)

    21

    (d)

    25

  10. The total managerial remuneration payable by a public limited company to its director or manager should not exceed __________ of the net profits of that financial year.

    (a)

    3%

    (b)

    5%

    (c)

    9%

    (d)

    11%

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TN 12th Standard Commerce free Online practice tests

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