New ! Commerce MCQ Practise Tests



Important 1 Mark Book Back Questions (New Syllabus) 2020

12th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Commerce

Time : 00:30:00 Hrs
Total Marks : 33

    Part A

    33 x 1 = 33
  1. Scientific management is developed by ______.

    (a)

    Fayol

    (b)

    Taylor

    (c)

    Mayo

    (d)

    Jacob

  2. _______ is included in every managerial function.

    (a)

    Co-ordinating

    (b)

    Controlling

    (c)

    Staffing

    (d)

    Organising

  3. _________ keeps Management Alert to Opportunities and Threats by Identifying Critical Problems.

    (a)

    MBA

    (b)

    MBE

    (c)

    MBM

    (d)

    MBO

  4. Primary market is also called as _______.

    (a)

    Secondary market

    (b)

    Money market

    (c)

    New Issue Market

    (d)

    Indirect Market

  5. Primary market is a Market where securities are traded in the ______.

    (a)

    First Time

    (b)

    Second Time

    (c)

    Three Time

    (d)

    Several Times

  6. Debt Instruments are issued by Corporate Houses are raising short-term financial resources from the money market are called _____.

    (a)

    Treasury Bills

    (b)

    Commercial Paper

    (c)

    Certificate of Deposit

    (d)

    Government Securities

  7. Stock exchange allow trading in

    (a)

    All types of Shares of any Company

    (b)

    Bonds issued by the Govt

    (c)

    Listed Securities

    (d)

    Unlisted Securities

  8. The headquarters of SEBI is ______

    (a)

    Calcutta

    (b)

    Bombay

    (c)

    Chennai

    (d)

    Delhi

  9. Planning is a ______ function.

    (a)

    selective

    (b)

    pervasive

    (c)

    both a and b

    (d)

    none of the above

  10. Transfer is an _____ source of recruitment.

    (a)

    internal

    (b)

    external

    (c)

    outsourcing

    (d)

    None of the above

  11. Which of the following orders is followed in a typical selection process

    (a)

    Application form test and or interview, reference check and physical examination

    (b)

    Application form test and or interview, reference check, and physical examination

    (c)

    Reference check, application form, test and interview and physical examination

    (d)

    Physical· examination test and on interview application term and reference check

  12. Probation/Trial period signifies

    (a)

    one year to two years

    (b)

    one year to three years

    (c)

    Two years to Four years

    (d)

    None of the above

  13. ______is useful to prevent skill obsolescence of employees

    (a)

    Training

    (b)

    Job analysis

    (c)

    Selection

    (d)

    Recruitment

  14. Which one of the market deals in the purchase and sale of shares and debentures?

    (a)

    Stock Exchange Market

    (b)

    Manufactured Goods Market

    (c)

    Local Market

    (d)

    Family Market

  15. Marketing mix means a marketing program that is offered by a firm to its target ________ to earn profits through satisfaction of their wants

    (a)

    Wholesaler

    (b)

    Retailer

    (c)

    Consumer

    (d)

    Seller

  16. Social marketing deals with:

    (a)

    Society

    (b)

    Social Class

    (c)

    Social change

    (d)

    Social evil

  17. Sale of Goods Act was passed in the year?

    (a)

    1962

    (b)

    1972

    (c)

    1930

    (d)

    1985

  18. Which of the following is not a consumer right summed up by John F. Kennedy?

    (a)

    Right to safety

    (b)

    Right to choose

    (c)

    Right to consume

    (d)

    Right to be informed

  19. The National Consumer Disputes Redressal Commission has jurisdiction to entertain complaints where the value of goods/services complained against and the compensation, if any, claimed is

    (a)

    Exceeding Rs. 1 crore

    (b)

    Exceeding Rs. 10 lakhs

    (c)

    Exceeding Rs. 5 lakhs

    (d)

    Exceeding Rs. 12 lakhs

  20. VUCA stands for ________, _________, ________.

    (a)

    Volatility, Uncertainty, Complexity and Ambiguity

    (b)

    Value, Unavoidable, Company and Authority

    (c)

    Volatility, Uncontrollable, Company and Auction

    (d)

    All of the above

  21. _________ ownership makes bold management decisions due to their strong foundation in the international level.

    (a)

    Private

    (b)

    Public

    (c)

    Corporate

    (d)

    MNC's

  22. Which of the below is not a good? 

    (a)

    Stocks

    (b)

    Dividend due

    (c)

    Crops

    (d)

    Water

  23. 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)

  24. The transferee of a Negotiable Instrument is the one _______________

    (a)

    Who transfer the instrument

    (b)

    On whose name it is transferred

    (c)

    Who enchases it

    (d)

    None of the above

  25. When crossing restrict further negotiation

    (a)

    Not negotiable crossing

    (b)

    General Crossing

    (c)

    A\c payee crossing

    (d)

    Special crossing

  26. Which of the below is not classified into managerial functions?

    (a)

    Planning

    (b)

    Marketing

    (c)

    Organizing

    (d)

    Controlling

  27. Find the odd one out in context of Trading Entrepreneur.

    (a)

    Selling

    (b)

    Commision

    (c)

    Buying

    (d)

    Manufacturing

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

    (a)

    Conservative

    (b)

    Risk averse

    (c)

    Sceptical

    (d)

    Adaptive

  29. ______ is the Government of India's endeavour to promote culture of innovation and entrepreneurship.

    (a)

    AIM

    (b)

    STEP

    (c)

    SEED

    (d)

    AIC

  30. Which of the following types of shares are issued by a company to raise capital from the existing shareholders?

    (a)

    Equity Shares

    (b)

    Right Shares

    (c)

    Preference Shares

    (d)

    Bonus Shares

  31. The shares which are offered first to the existing shareholder at reduced price is known as ______

    (a)

    Bonus Share

    (b)

    Equity Share

    (c)

    Right Share

    (d)

    Preference Share

  32. 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

  33. Board Meetings to be conducted minimum _____ times in a year.

    (a)

    2

    (b)

    3

    (c)

    4

    (d)

    5

*****************************************

Reviews & Comments about 12th Standard Commerce English Medium Important 1 Mark Book Back Questions (New Syllabus) 2020

Write your Comment