HSC First Year 3rd Revision Exam 2019

11th Standard

    Reg.No. :
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Commerce

Time : 02:30:00 Hrs
Total Marks : 90
    20 x 1 = 20
  1. Hindrance of place is removed by _____________

    (a)

    Transport

    (b)

    Warehouse

    (c)

    Salesman

    (d)

    Insurance

  2. Commerce is mainly concerned with

    (a)

    Connecting producer and consumer

    (b)

    Pricing of goods

    (c)

    Buying and Selling of goods

    (d)

    Manufacturing of goods

  3. A partnership is formed by ___________

    (a)

    agreement

    (b)

    relationship among persons

    (c)

    the direction of government

    (d)

    friendship

  4. The Minimum subscription specified in the prospectus must be received within

    (a)

    60 days

    (b)

    90 days

    (c)

    120 days

    (d)

    150 days

  5. Membership in a Co-operative organization is :

    (a)

    Not open to all

    (b)

    Selective

    (c)

    Open to all

    (d)

    None of them

  6. The oldest form of organisation in public sector

    (a)

    Public Sector Undertakings

    (b)

    Departmental Undertakings

    (c)

    Multi-National Corporations

    (d)

    Statutory Corporation

  7. The Reserve Bank of India commenced its operations from April 1,

    (a)

    1936

    (b)

    1935

    (c)

    1934

    (d)

    1933

  8. Expansion of CBS__________

    (a)

    Chain Banking System

    (b)

    Centralised Booking System

    (c)

    Character Based System

    (d)

    None of these

  9. ____________ warehouses are licensed by the government and are permitted to accept the goods on bond.

    (a)

    Bonded

    (b)

    Private

    (c)

    Cold storage

    (d)

    Co-operative

  10. 'Stepping the shoes on others' means _________ .

    (a)

    Subrogation

    (b)

    Contribution

    (c)

    nearest cause

    (d)

    indemnity

  11. A continuing relationship which provides license privileges to do a Business and provide Training, merchandising for a consideration is called _____.

    (a)

    Franchising

    (b)

    Factoring

    (c)

    Supply chain Management

    (d)

    Exchange

  12. Corporate Governance maintains balance among.

    (a)

    Individual goals and societal goals

    (b)

    Individual goals, societal. goals and economic goals

    (c)

    Individual goals, societal goals, economic goals and social goals

    (d)

    None of the above

  13. Equity shareholders are the ______ of a company

    (a)

    Creditors

    (b)

    Owners

    (c)

    Debtors

    (d)

    Employees

  14. Investment limit of medium enterprises under service sector does not exceeds ........crores.

    (a)

    2

    (b)

    4

    (c)

    5

    (d)

    7

  15. A ________ is a mercantile agent to whom goods are entrusted for sale by a principal and take possession of the goods, but does not obtain ownership.

    (a)

    Broker

    (b)

    Factor

    (c)

    warehouse keeper

    (d)

    Commission agent

  16. ............offers the widest choice of variety under one roof.

    (a)

    Departmental store

    (b)

    Multiple shops

    (c)

    Consumer Co-operative store

    (d)

    Hire-purchase system

  17. Which one of the following is not a import trade procedure?

    (a)

    Obtaining foreign exchange

    (b)

    Obtaining certificate of origin

    (c)

    Obtaining letter of credit

    (d)

    Receipt of shipment advice

  18. A contract in which, under the terms of a contract, nothing remains to be done by either party is known as

    (a)

    executed contract

    (b)

    executory contract

    (c)

    unilateral contract

    (d)

    none of the above

  19. A person is said to be a third person if he is not a

    (a)

    Promisor

    (b)

    Promise

    (c)

    Agent

    (d)

    Legal representative

  20. In case of an individual-the exempted limit income for assessment year 2018-2019 is.

    (a)

    Rs.2,50,000

    (b)

    Rs.1,50,000

    (c)

    Rs.2,00,000 .

    (d)

    Rs.3,00,090

  21. 7 x 2 = 14
  22. What is economic objectives of business?

  23. What are the Non-corporate enterprises?

  24. Give two examples of MNC

  25. What are the departments of Reserve Bank of India?

  26. What is a 'Way Bill'.

  27. What do you mean by Social responsibility?

  28. What are the disadvantages of FDI.

  29. Give the meaning of Trade?

  30. What do you mean by international business?

  31. What is the composition of Private Capital?

  32. 7 x 3 = 21
  33. What is dissolution of partnership?

  34. Explain - NEFT.

  35. Write a note on indemnity.

  36. What do you mean by the concept the Business Ethics?

  37. What is the role and significance of MSMEs in Indian Economy?

  38. What do you understand by Channel of distribution?

  39. Write the procedures relating to export trade.

  40. What are the Legal rules of offer?

  41. A, a singer, enters into a contract, with B, the manager of the Theatre. To sing at his Theatre for two nights, every week during the next two months. B agrees to pay her Rs 1000 for each night. On the sixth night, A willfully absent her self from the Theater Advice B.

  42. What is Gross Total Income?

  43. 7 x 5 = 35
  44. Briefly explain the Coastal trade in ancient Tamil Nadu?

  45. Write short notes on :
    (a) Analytical Industry
    (b) Genetic Industry and
    (c) Construction Industry

  46. Write the procedure for registration of a firm.

  47. What are the Principles of Co-operatives? (Any 5)

  48. Explain the leadership and supervisory functions of RBI.

  49. Explain the types of Ocean Transport:

  50. Briefly explain the advantages of Franchising:

  51. Explain Corporate Social Responsibility in India with an example:

  52. List out the various Sources of Financing.

  53. Describe the demerits of Foreign Trade.

  54. Explain the advantages of Departmental Stores

  55. Describe the benefits of WTO.

  56. Explain the essentials of a valid contract?

  57. Discuss the different types of damages awarded to the injured party.

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