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11th Standard English Medium Commerce Subject Book Back 1 Mark Questions with Solution Part - II updated Book back Questions

Published on: 13/05/2022

QB365 provides detailed and simple solution for every Book back Questions in class 11 Commerce Subject. It will helps to get more idea about question pattern in every book back questions with solution.

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Download Tamil Nadu 11th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

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Std: 11th Standard - Commerce

chapter: - Book back Questions

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Questions:

Multiple Choice Question

15 x 1 = 15

Internal trade can be classified into _____ categories.

(a)

Three

(b)

Four

(c)

Two

(d)

Five

Selling of Goods from home country to foreign country is called______.

(a)

Home Trade

(b)

Entrepot Trade

(c)

Foreign Trade

(d)

Joint Venture

In India GST became effective from?

(a)

1^st April, 2017

(b)

1^st January, 2017

(c)

1^st July, 2017

(d)

1^st March, 2017

Foreign Capital long-term loan and Foreign Currency reserve are recorded under_____.

(a)

Official Capital

(b)

Private Capital

(c)

Banking Capital

(d)

Both private and official Capital

The aggregate income under five heads is termed as _______.

(a)

Gross Total Income

(b)

Total Income

(c)

Salary Income

(d)

Business Income

Any agreement which becomes impossible to perform under various circumstances ____________

(a)

Voidable

(b)

Void

(c)

Valid

(d)

None of these

The headquarter of WTO is located at _____.

(a)

New york

(b)

London

(c)

Geneva

(d)

Brazil

Which of the following persons can perform the contract?

(a)

Promisor alone

(b)

Legal representatives of promisor

(c)

Agent of the promisor

(d)

All of above

Every promise and every set of promises, forming the consideration for each other, is an _______.

(a)

Agreement

(b)

Contract

(c)

Offer

(d)

Acceptance

10.

Business units can reduce expenditure by outsourcing front office work like _______.

(a)

Paper Work

(b)

File Work

(c)

Billing

(d)

Manufacture

11.

Public deposits are the deposits which are raised directly from ____

(a)

The public

(b)

The directors

(c)

The auditors

(d)

The owners

12.

Membership in a Cooperative organization is :

(a)

Not open to all

(b)

Selective

(c)

Open to all

(d)

None of them

13.

The Exporters appoint the _________ agent to fulfill the customs formalities

(a)

Clearing Agent

(b)

Forwarding Agent

(c)

Commission Agent

(d)

Factor

14.

Which of the following is not a function of a Central Bank?

(a)

Guiding and regulating the Banking system of a Country

(b)

Deal with general public

(c)

Acts essentially as Government banker

(d)

Maintains deposit accounts of all other banks

15.

_____________ was first sultan who paved way in the dense forest and helped traders to move from one market place to others place for their commercial caravans.

(a)

Balban

(b)

Vasco da Gama

(c)

Akbar

(d)

Alauddin Khilji