New ! Commerce MCQ Practise Tests



Sample 1 Mark Creative Questions (New Syllabus) 2020

12th Standard

    Reg.No. :
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Commerce

Time : 01:00:00 Hrs
Total Marks : 65

    Part A

    65 x 1 = 65
  1. Find the odd one out.

    (a)

    board of directors

    (b)

    chief executive

    (c)

    foremen

    (d)

    shareholders

  2. Authority refers to _________

    (a)

    getting work done

    (b)

    scalar chain

    (c)

    right to get work done

    (d)

    being in a managerial position

  3. Supervisory management spends most of his/her time

    (a)

    Planning and Controlling

    (b)

    Directing and Controlling

    (c)

    Planning and Organizing

    (d)

    Organizing and Controlling

  4. ____________ is included in every managerial functions.

    (a)

    Co-ordination

    (b)

    Motivation

    (c)

    Staffing

    (d)

    Planning

  5. Management by objective is

    (a)

    goal oriented

    (b)

    work oriented

    (c)

    Both

    (d)

    none of these

  6. ____________ indicates the strength of an organisation.

    (a)

    MBO

    (b)

    KRA

    (c)

    MBA

    (d)

    MBE

  7. Type of market in which securities with less than one year maturity are traded, is classified as

    (a)

    money market

    (b)

    capital market

    (c)

    transaction market

    (d)

    global market

  8. The NSDL was set up in the year

    (a)

    1990

    (b)

    1992

    (c)

    1996

    (d)

    1998

  9. _______ are typically grown agricultural primary products such as wheat and sugar.

    (a)

    Hard commodities

    (b)

    Soft commodities

    (c)

    Capital markets

    (d)

    Financial markets

  10. Certificate of Deposits are issued in the form of usance

    (a)

    Bill of exchange

    (b)

    Promissory notes

    (c)

    Commercial bills

    (d)

    None of these

  11. Which of the following world stock exchanges were in the top five by value of transaction in 2009?

    (a)

    London Stock Exchange

    (b)

    Shanghai Stock Exchange

    (c)

    Amsterdam Stock Exchange

    (d)

    Hong Kong Exchange

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

    (a)

    Inland

    (b)

    Foreign

    (c)

    Accommodation bills

    (d)

    Clean

  13. Who act as intermediaries between buyers and sellers of securities?

    (a)

    Authorized clerks

    (b)

    Brokers

    (c)

    Jobbers

    (d)

    Speculation

  14. _____ is an integral part of stock exchange operations.

    (a)

    Capital formation

    (b)

    Evaluation of securities

    (c)

    Speculation

    (d)

    Business information

  15. Options are a type of _____ product.

    (a)

    consumer

    (b)

    derivative

    (c)

    both

    (d)

    none

  16. SEBI issues Guidelines and Instructions to business concerning

    (a)

    credit issues

    (b)

    capital issues

    (c)

    capital issues

    (d)

    share capital

  17. What is the meaning of "financing" in the financial market?

    (a)

    Advising an organization to raise charity funds

    (b)

    Investing in the securities market

    (c)

    Sourcing funds

    (d)

    Converting the assets into cash

  18. ______ is done at the request of the investor.

    (a)

    Materialization

    (b)

    Dematerialization

    (c)

    Depository Participant

    (d)

    Demat account

  19. The focus the Human resource management revolves around

    (a)

    Machine

    (b)

    Money

    (c)

    Men

    (d)

    None of these

  20. _____ focuses on people in an organisation.

    (a)

    Human resource management

    (b)

    Human resource

    (c)

    Organisational behaviour

    (d)

    None of these

  21. Managerial functions of HRM is must for _____ of the oranisation.

    (a)

    administration

    (b)

    smooth running

    (c)

    financial stability

    (d)

    none of the above

  22. The recruitment and selection process aimed at right kind of people

    (a)

    At right place

    (b)

    At right time

    (c)

    To do right things

    (d)

    all of the above

  23. _____ types of firms facilitate recruitment on behalf of client companies at cost.

    (a)

    Professional associations

    (b)

    Employment consultancies

    (c)

    Deputation

    (d)

    Job portals

  24. Which test measures the candidate's ability to find a logic in a series or pattern?

    (a)

    Number sequence test

    (b)

    Vocabulary test

    (c)

    Mental arithmetic test

    (d)

    Verbal reasoning test

  25. Kind of interviews which creates anxiety among interviewees by putting pressure to see how applicant respond is classified as

    (a)

    Panel interview

    (b)

    stress interview

    (c)

    directive interview

    (d)

    online interview

  26. ___________helps in predicting the ability and future performance of the candidate

    (a)

    Aptitude test

    (b)

    Achievement test

    (c)

    Intelligence test

    (d)

    Judgement test

  27. _________ensures more reliability in the selection of the candidate.

    (a)

    Online interview

    (b)

    Panel interview

    (c)

    Preliminary interview

    (d)

    Stress interview

  28. Which type of method to use their theoretical knowledge and practical knowledge?

    (a)

    Case study method

    (b)

    Lecture method

    (c)

    Role play method

    (d)

    Group discussion method

  29. _________helps to learn more knowledge regarding the latest technologies and techniques.

    (a)

    Planning

    (b)

    Controlling

    (c)

    Training

    (d)

    Motivating

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

    (a)

    Commodity market

    (b)

    Produce exchange market

    (c)

    National market

    (d)

    World Market

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

    (a)

    Commerce

    (b)

    Industry

    (c)

    Business

    (d)

    Market

  32. Warehousing removes the hindrances of

    (a)

    Time

    (b)

    Place

    (c)

    Finance

    (d)

    Form

  33. ______create time utility by storing the goods throughout the year.

    (a)

    Insurance

    (b)

    Warehousing

    (c)

    Transportation

    (d)

    Commerce

  34. 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

  35. _______is a specialised branch of marketing.

    (a)

    E-marketing

    (b)

    E-Tailing

    (c)

    Social marketing

    (d)

    Service marketing

  36. Which has been very responsive to the consumer needs through legislative actions?

    (a)

    Private

    (b)

    Government

    (c)

    Financial institutions

    (d)

    None of these

  37. Which of the following is Consumer Oriented Act?

    (a)

    Indian Companies Act 1966

    (b)

    Partnership Act 1932

    (c)

    Indian Income Tax Act 1961

    (d)

    Hire Purchase Act 1972

  38. _________ of popular products are illegally produced and sold.

    (a)

    Original products

    (b)

    Duplicate products

    (c)

    Consumer products

    (d)

    None of these

  39. The Sale of the Good Act was passed in the year ______.

    (a)

    1930

    (b)

    1956

    (c)

    1985

    (d)

    1991

  40. The most important law is the

    (a)

    Consumer Protection Act, 1986

    (b)

    Sale of Goods Act, 1930

    (c)

    Weights and Measures Act, 1958

    (d)

    Trademark Act, 1999

  41. The former president of the USA, Mr.John F. Kennedy summed up the basic consumer rights are

    (a)

    Right to Safety

    (b)

    Right to be informed

    (c)

    Right to Choose

    (d)

    All of the above

  42. The best examples of _________ kind are food additives, colours, and preservatives

    (a)

    Right of safety

    (b)

    Right to be informed

    (c)

    Right to choose

    (d)

    Right to seek redressal

  43. _______ of every year is celebrated as consumer's day.

    (a)

    15th October

    (b)

    15th March

    (c)

    15th April

    (d)

    15th August

  44. The central consumer protection council shall consist of the following members

    (a)

    To minister in charge of consumer affairs in the central government, who shall be its chairman

    (b)

    Such member of other official or non official members representing such interest as may be prescribed

    (c)

    The chief justice of high court

    (d)

    Both A and B

  45. The number of official and non-official members in District consumer Protection council is prescribed by

    (a)

    Central government

    (b)

    State government

    (c)

    Governor-of the state

    (d)

    State High court

  46. Organisations have realised the importance of nurturing and maintaining good relationship with the

    (a)

    competitors

    (b)

    financier

    (c)

    customers

    (d)

    suppliers

  47. _________ refers to those factors within an organisation.

    (a)

    Internal environment

    (b)

    External environment 

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  48. ________ and ______  environment of society affects the business

    (a)

    Social, cultural

    (b)

    Economic, non-economic

    (c)

    Political, Iegal

    (d)

    Geo, physical

  49. The removal of tariff barriers can lead to lower prices for

    (a)

    suppliers

    (b)

    consumers

    (c)

    competitors

    (d)

    none of these

  50. One major factors that has stimulated the globlisation process is

    (a)

    effective utilisation of resources

    (b)

    increase in income and wealth

    (c)

    Willingness to cooperate

    (d)

    rapid improvement in technology

  51. _________ is the latest outcome of liberalization.

    (a)

    Exchange

    (b)

    Increase in employment

    (c)

    Foreign collaboration

    (d)

    None of these

  52. The monetary consideration for the goods sold is called

    (a)

    Price

    (b)

    Goods

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  53. Existing goods can be classified as

    (a)

    Ascertained

    (b)

    Generic

    (c)

    Both a and b

    (d)

    Nor a neither b

  54. The ____________ can claim only rateble dividend.

    (a)

    buyer

    (b)

    seller

    (c)

    competitions

    (d)

    financier

  55. Negotiable instrument means a promissory note, bill of exchange or cheque, payable to

    (a)

    bearer

    (b)

    order

    (c)

    either to bearer or order

    (d)

    neither bearer nor order

  56. ___________ endorsement does not operate as a negotiation of the instrument.

    (a)

    Restrictive

    (b)

    Sans recourse

    (c)

    Facultative

    (d)

    Partial

  57. CWEI was registered as a civil society in the year

    (a)

    1990

    (b)

    1992

    (c)

    1996

    (d)

    1998

  58. ___________ does not share in profits of venture.

    (a)

    Entrepreneur

    (b)

    Intrapreneur

    (c)

    Promoter

    (d)

    Manager

  59. Which of the following entrepreneur starts his own venture as a family business?

    (a)

    Agricultural entrepreneur

    (b)

    Fabian entrepreneur

    (c)

    Drone entrepreneur

    (d)

    Classical entrepreneur

  60. ________ install a team of experts to manage the entity on a day to day basis.

    (a)

    Agricultural entrepreneur

    (b)

    Corporate entrepreneur

    (c)

    Innovative entrepreneur

    (d)

    Imitative entrepreneur

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

    (a)

    Municipal License

    (b)

    Project report

    (c)

    Provisional registration certificate

    (d)

    None of these

  62. ______________ instruments are secured by on the fixed assets of the issuer company.

    (a)

    Secured debentures

    (b)

    Unsecured debenture

    (c)

    Redeemable debentures

    (d)

    Perpetual debentures

  63. According to provisions of the act the borrowings of the company does not exceed

    (a)

    total paid up share capital

    (b)

    total free reserves

    (c)

    authorised captial

    (d)

    total paid up capital and free reserves

  64. The word secretary has originated in

    (a)

    French

    (b)

    Latin

    (c)

    Tamil

    (d)

    None of these

  65. _________ should be conducted by both private and public ltd companies.

    (a)

    Statutory meeting

    (b)

    Board meeting

    (c)

    Committee meeting

    (d)

    Annual general meeting

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