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12th Standard Commerce English Medium Free Online Test One Mark Questions with Answer Key 2020 - 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. Which of the following is not true?

    (a)

    Management is universal

    (b)

    Management is an art

    (c)

    Management is a social process

    (d)

    Management is always bureaucratic

  2. The' following is/are the disadvantage(s) of Management by objective (MBO)

    (a)

    Inflexibility

    (b)

    Lack of relevant skill

    (c)

    Lack of individual motivation

    (d)

    All of the above

  3. A market for the purchase and sale of Treasury bills are known as

    (a)

    Treasury bills market

    (b)

    Call loan market

    (c)

    Bill market

    (d)

    None of these

  4. _____ are drawn without accompanying any document.

    (a)

    Demand bills

    (b)

    Clean bills

    (c)

    Documentary bills

    (d)

    Indigenous bills

  5. To be ethical and social towards needs of society is _____ objective of HRM.

    (a)

    societal

    (b)

    operational

    (c)

    functional

    (d)

    all of these

  6. Improves Skill Levels of employees to ensure better job performance

    (a)

    Training

    (b)

    Selection

    (c)

    Recruitmen

    (d)

    Performance appraisal

  7. Pure play retailers are called

    (a)

    Market creators

    (b)

    Transaction brokers

    (c)

    Merchants

    (d)

    Agents

  8. A consumer has to be protected against

    (a)

    Defects of product

    (b)

    Deficiencies of product

    (c)

    Unfair and restrictive trade practices

    (d)

    All of the above

  9. Motive of a Pure Entrepreneur is 

    (a)

    Rendering service

    (b)

    Earning profit

    (c)

    Attaining status

    (d)

    Both b&c

  10. Under the Companies Act, which one of the following powers can be exercised by the Board of Directors?

    (a)

    Power to sell the company's undertakings

    (b)

    Power to make call

    (c)

    Power to borrow money in excess of the paid up capital

    (d)

    Power to reappoint an auditor

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