New ! Commerce MCQ Practise Tests



Model 1 Mark Book Back Questions (New Syllabus) 2020

12th Standard

    Reg.No. :
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Commerce

Time : 00:50:00 Hrs
Total Marks : 56

    Part A

    56 x 1 = 56
  1. The founder of scientific management was

    (a)

    Peter F. Drucker

    (b)

    Frederick Taylor

    (c)

    Henry Fayol

    (d)

    Elton

  2. ________ order ensures the fluid operation of a company through authoritative procedure

    (a)

    Social order

    (b)

    Material order

    (c)

    Human order

    (d)

    None of these

  3. Nothing can be performed without

    (a)

    Organising

    (b)

    Staffing

    (c)

    Planning

    (d)

    Controlling

  4. _________ is the transmission of human thoughts, views or opinions from one person to another person.

    (a)

    Communication

    (b)

    Innovation

    (c)

    Representation

    (d)

    Motivation

  5. MBO is popularised in

    (a)

    USA

    (b)

    Japan

    (c)

    India

    (d)

    UK

  6. ________ is also known as management by result.

    (a)

    Management by objectives

    (b)

    Management by art

    (c)

    Management by subordinate

    (d)

    Management by planning

  7. Treasury Bill is basically

    (a)

    An instrument to borrow short-term funds

    (b)

    An instrument to borrow short-term funds

    (c)

    An instrument of capital market

    (d)

    None of the above

  8. _________ for productive purposes is also made possible.

    (a)

    Saving mobilization

    (b)

    Investment

    (c)

    Flow of funds

    (d)

    None of these

  9. Which one of the following is not the main functions of a capital market?

    (a)

    To mobilise the savings from various sectors of population

    (b)

    To enables companies to raise permanent capital

    (c)

    To provide employment opportunities for various sectors of the population

    (d)

    To encourage the people to invest in productive channels

  10. There are _______ regional stock exchanges in India.

    (a)

    15

    (b)

    18

    (c)

    20

    (d)

    21

  11. Which market deals with shares and debentures?

    (a)

    Money market

    (b)

    Capital market

    (c)

    Debt market

    (d)

    Primary market

  12. _____ are those which do not arise out of genuine trade of transactions.

    (a)

    Inland

    (b)

    Foreign

    (c)

    Accommodation bills

    (d)

    Clean

  13. Which of the following securities are bought and sold are recorded and made public?

    (a)

    Protection to investors

    (b)

    Capital formation

    (c)

    Market quotations

    (d)

    None of these

  14. Options are a type of _____ product.

    (a)

    consumer

    (b)

    derivative

    (c)

    both

    (d)

    none

  15. Securities and exchange Board of India was first established in the year

    (a)

    1980

    (b)

    1986

    (c)

    1988

    (d)

    1990

  16. _____ is the supervisory body established to regulate Indian Stock Market.

    (a)

    SEBI

    (b)

    Mutual fund

    (c)

    Primary market

    (d)

    Secondary market

  17. Human resource can work as a

    (a)

    unity

    (b)

    reliable

    (c)

    team

    (d)

    none of the these

  18. HRM is ______

    (a)

    a staff functions

    (b)

    a line function

    (c)

    a staff function, line function and accounting function

    (d)

    all of the above

  19. Rate which is used to represent that organization is successful at hiring conditions is classified as

    (a)

    selection rate

    (b)

    yield rate

    (c)

    acceptance rate

    (d)

    success base rate

  20. Promotion is a _____ source recruitment.

    (a)

    suitable

    (b)

    higher

    (c)

    internal

    (d)

    external

  21. Which of the following test to measure suitability of the candidates for the post / role

    (a)

    Verbal reasoning test

    (b)

    Spatial reasoning test

    (c)

    Aptitude test

    (d)

    Mechanical reasoning test

  22. _________can be defined as process of choosing the right person for the right job.

    (a)

    Selection

    (b)

    Recruitment

    (c)

    Training

    (d)

    None of these

  23. Which department should decide the level of training to be imparted to the employees?

    (a)

    Public

    (b)

    Private

    (c)

    Training

    (d)

    All of these

  24. ______method, the subject matter to be learnt is presented in a series of units

    (a)

    Programmed instruction method

    (b)

     Demonstration method

    (c)

    E-Iearning

    (d)

    Vestibule training

  25. Which market is regulated and controlled by certain rules?

    (a)

    Commodity market

    (b)

    Produce exchange market

    (c)

    National market

    (d)

    World Market

  26. _______is a medium for place to interact and exchange goods and services

    (a)

    Commerce

    (b)

    Industry

    (c)

    Business

    (d)

    Market

  27. Marketing helps to increase the

    (a)

    individual income

    (b)

    nation's income

    (c)

    productivity

    (d)

    none of these

  28. The warehousing holds goods as a________center.

    (a)

    distribution

    (b)

    production

    (c)

    sales

    (d)

    all the above.

  29. All the business transaction carried out through internet and other online tools is called

    (a)

    E-Tailing

    (b)

    E-Marketing

    (c)

    E-Business

    (d)

    E-Commerce

  30. _______are networks that connect people within a company to each other and to the company network.

    (a)

    Intranets

    (b)

    Extranets

    (c)

    Internets

    (d)

    None of these

  31. Which causes heavy loss to the consumers?

    (a)

    Spurious goods

    (b)

    warranty

    (c)

    False advertisement

    (d)

    Adulteration

  32. Recently the consumers protection act was made applicable to___________.

    (a)

    co-operative enterprises

    (b)

    medical services

    (c)

    public - sector

    (d)

    financial - services

  33. Who cheat consumer by using unfair weight and measure?

    (a)

    Producers

    (b)

    Employees

    (c)

    Sellers

    (d)

    Workers

  34. The number of members in District Forum, State Commission and National Commission are _________ respectively

    (a)

    3,3,5

    (b)

    3,3,3

    (c)

    1,3,5

    (d)

    3,2,4

  35. Complaints can be filed with the forum by a

    (a)

    Consumer

    (b)

    Channel of members

    (c)

    Suppliers

    (d)

    Competitors

  36. ________ can also be filed by the central or state government or by a group of consumers.

    (a)

    Complaints

    (b)

    Order copy

    (c)

    Specimen copy

    (d)

    None of these

  37. The analysis of business environment helps a business to identify

    (a)

    new oppotunities

    (b)

    new employees

    (c)

    Profit maximisation

    (d)

    none of these

  38. ________ refers to an external forces that have a beating on the functioning of the business.

    (a)

    Environment

    (b)

    Culture

    (c)

    Social

    (d)

    All of these

  39. Liberalization is the result of New Industrial policy which abolished the

    (a)

    License System

    (b)

    License Ray

    (c)

    Both (a) and (b)

    (d)

    None of these

  40. _________ advancement paves way for a company to enter foreign market

    (a)

    Technological

    (b)

    Foreign exchange

    (c)

    Brain drain

    (d)

    Foreign institutions

  41. A contract of sale involves _____________ parties.

    (a)

    one parties

    (b)

    three parties

    (c)

    two parties

    (d)

    more than five parties

  42. A sale is said to be completed when __________ is transferred from one party to the other party.

    (a)

    Money

    (b)

    Goods

    (c)

    Interest

    (d)

    Ownership

  43. The cheque is to be signed by the

    (a)

    drawee

    (b)

    banker

    (c)

    drawer

    (d)

    none of these

  44. ____________ is an order to pay the third party.

    (a)

    Promissory note

    (b)

    Bill of exchange

    (c)

    Cheque

    (d)

    None of these

  45. The output of an entrepreneurial process ends up in establishing an

    (a)

    environment

    (b)

    enterprise

    (c)

    organisation

    (d)

    none of these

  46. _________ is famously referred to as India's Bill Gates at a result.

    (a)

    Anil Ambani

    (b)

    Premji

    (c)

    Birla

    (d)

    Dilip Shangavi

  47. Nursus coffee is an example of

    (a)

    Innovative entrepreneur

    (b)

    Imitative entrepreneur

    (c)

    Fabian entrepreneur

    (d)

    Drone entrepreneur

  48. ________ are self made entrepreneurs.

    (a)

    First generation entrepreneurs

    (b)

    Modern entrepreneurs

    (c)

    Motivated entrepreneurs

    (d)

    None of these

  49. Stand-up India was launched in

    (a)

    2015

    (b)

    2016

    (c)

    2017

    (d)

    2018

  50. Entrepreneur has to obtain ________ from the authority concerned.

    (a)

    Municipal License

    (b)

    Project report

    (c)

    Provisional registration certificate

    (d)

    None of these

  51. Minimum number of members required to apply for incorporation certificate in a Public Ltd company is

    (a)

    3

    (b)

    2

    (c)

    7

    (d)

    50

  52. __________ share capital has priority both in repayment of dividend as well as capital.

    (a)

    Equity

    (b)

    Nonpreference

    (c)

    Preference

    (d)

    All of the above

  53. The overall performance of any company is vested with the

    (a)

    debenture holders

    (b)

    directors

    (c)

    Both 'a' and 'b'

    (d)

    None of these

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

    (a)

    partnership firm

    (b)

    person of unsound mind

    (c)

    individual

    (d)

    body corporate

  55. The word secretary has originated in

    (a)

    French

    (b)

    Latin

    (c)

    Tamil

    (d)

    None of these

  56. The first annual general meeting must be held within a period of _____________ months from the date of its incorporation.

    (a)

    12

    (b)

    15

    (c)

    18

    (d)

    24

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