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Published on: 31/12/2022
QB365 provides a detailed and simple solution for every Possible Questions in Class 12 Commerce Subject - Important 1 Mark MCQ's, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download Tamil Nadu 12th 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.
Questions + Answers key
Take MCQ Commerce Test1.
The _______ was set up by a premier financial institution to allow the trading of securities across the electronic counters throughout the country.
OTCEI
Factoring
Mutual Funds
Venture Funds Institutions
2.
Macro Environment of business is an _________ factor.
Uncontrollable
Controllable
Manageable
Immanageable
3.
GST stands for ________.
Goods and Social Tax
Goods and Service Tax
Goods and Sales Tax
Goods and Salary Tax
4.
From the date of its incorporation, the First Annual General Meeting is to be conducted within____________ months.
Twelve
Fifteen
Eighteen
Twenty one
5.
Who is not entitled to speak at the annual general meeting of the company.
Auditor
Shareholder
Proxy
Director
6.
A Private Company shall have a minimum of_______.
Seven directors
Five directors
Three directors
Two directors
7.
A person Shall hold office as a director in ___________companies as per the Companies Act, 2013.
5 companies
10 companies
20 companies
15 companies
8.
Which of the following types of shares are issued by a company to raise capital from the existing shareholders?
Equity Shares
Right Shares
Preference Shares
Bonus Shares
9.
How does a person who envisages the idea to form a company called ?
Director
Company Secretary
Registrar
Promoter
10.
_____ has to include the mechanism for managing venture in the project report.
Banker
Government
Lending Institutions
Entrepreneur
11.
The ___________ initiative was launched to modernize the Indian economy to make all governments services available electronically.
Standup India
Startup India
Digital India
Make in India
12.
Which of these is based on Technology?
Modern
Professional
Corporate
Industrial
13.
Corporate Entrepreneur is also called as _________
Intrapreneur
Promoter
Manager
Shareholder
14.
Which of the below is not classified into managerial functions?
Planning
Marketing
Organizing
Controlling
15.
What are the characteristics of an entrepreneur?
Spirit of enterprice
Flexibility
Self Confidence
All of the above
16.
Number of parties in a bill of exchange are_______.
2
6
3
4
17.
Negotiable Instrument Act was passed in the year _________.
1981
1881
1994
1818
18.
The property in the goods means the
Possession of goods
Custody of goods
Ownership of goods
Both (a) and (b)
19.
In case of the sale, the ______ has the right to sell.
Buyer
Seller
Hirer
Consignee
20.
_______ results from the removal of barriers between national economies to encourage the flow of goods, services, capital and labour.
Privatisation
Liberalisation
Globalisation
Foreign Trade
21.
________ means permitting the private sector to setup industries which were previously reserved for public sector.
Liberalisation
Privatisation
Globalisation
Public Enterprise
22.
The State Commission can entertain complaints where the value of the goods or services and the compensation, if any claimed exceed _______.
Rs. 2 lakhs but does not exceed Rs.5 lakhs
Rs.20 lakhs but does not exceed Rs.1 crore
Rs. 3 lakhs but does not exceed Rs. 5 lakhs
Rs. 4 lakhs but does not exceed Rs. 20 lakhs
23.
The Chairman of the National Consumer Disputes Redressal Council is ________.
Serving or Retired judge of the Supreme Court of India
Prime Minister
President of India
None of the above
24.
Which of the following is not a consumer right summed up by John F. Kennedy?
Right to safety
Right to choose
Right to consume
Right to be informed
25.
26.
The term 'consumerism' came into existence in the year ________.
1960
1957
1954
1958
27.
Pure play retailers are called
Market creators
Transaction brokers
Merchants
Agents
28.
29.
Marketing mix means a marketing program that is offered by a firm to its target ________ to earn profits through satisfaction of their wants.
Wholesaler
Retailer
Consumer
Seller
30.
31.
The marketer initially wants to know in the marketing is_______
Qualification of the customer
Quality of the product
Background of the customers
Needs of the customers
32.
______is useful to prevent skill obsolescence of employees
Training
Job analysis
Selection
Recruitment
33.
Which of the following test is used to measure the various characteristics of the candidate?
Physical Test
Psychological Test
Attitude Test
Proficiency tests
34.
Selection is usually considered as a _________ process
Positive
Negative
Natural
None of these
35.
E-recruitment is possible only through ___ facility.
Computer
Internet
Broadband
4G
36.
37.
Human Resource management is both _____ and ______.
Science and art
Theory and practice
History and Geography
None of the above
38.
Human resource is a ______ asset.
Tangible
Intangible
Fixed
Current
39.
Trading is dematerialized shares commenced on the NSE is ______
January 1996
June 1998
December 1996
December 1998
40.
41.
Jobbers transact in a stock exchange ____.
For their Clients
For their Own Transactions
For other Brokers
For other Members
42.
There are _____ stock exchange in the country.
21
24
20
21
43.
Debt Instruments are issued by Corporate Houses are raising short-term financial resources from the money market are called _____.
Treasury Bills
Commercial Paper
Certificate of Deposit
Government Securities
44.
The money invested in the call money market provides high liquidity with _______
Low Profitability
High Profitability
Limited Profitability
Medium Profitability
45.
Participants in the capital market includes ______.
Individuals
Corporate
Financial Institutions
All of the above
46.
Spot Market is a market where the delivery of the financial instrument and payment of cash occurs _______.
Immediately
In the future
Uncertain
After one month
47.
Capital market is a market for _______.
Short Term Finance
Medium Term Finance
Long Term Finance
Both Short Term and Medium Term Finance
48.
Delegation of Authority is Easily Done with the Help of _______.
MBM
MBE
MBO
MBA
49.
Which of the following is not a main function?
Decision-making
Planning
Organising
Staffing
50.
Dividing the work into small tasks is known as ______.
Discipline
Unity
Division of work
Equity
1.
(a)
OTCEI
2.
(a)
Uncontrollable
3.
(b)
Goods and Service Tax
4.
(c)
Eighteen
5.
(c)
Proxy
6.
(d)
Two directors
7.
(c)
20 companies
8.
(b)
Right Shares
9.
(d)
Promoter
10.
(d)
Entrepreneur
11.
(c)
Digital India
12.
(b)
Professional
13.
(b)
Promoter
14.
(b)
Marketing
15.
(d)
All of the above
16.
(c)
3
17.
(b)
1881
18.
(c)
Ownership of goods
19.
(b)
Seller
20.
(c)
Globalisation
21.
(b)
Privatisation
22.
(b)
Rs.20 lakhs but does not exceed Rs.1 crore
23.
(a)
Serving or Retired judge of the Supreme Court of India
24.
(c)
Right to consume
25.
(c)
26.
(a)
1960
27.
(b)
Transaction brokers
28.
(c)
29.
(c)
Consumer
30.
(a)
31.
(d)
Needs of the customers
32.
(a)
Training
33.
(b)
Psychological Test
34.
(b)
Negative
35.
(b)
Internet
36.
(b)
37.
(a)
Science and art
38.
(b)
Intangible
39.
(c)
December 1996
40.
(a)
41.
(b)
For their Own Transactions
42.
(b)
24
43.
(b)
Commercial Paper
44.
(a)
Low Profitability
45.
(d)
All of the above
46.
(a)
Immediately
47.
(c)
Long Term Finance
48.
(c)
MBO
49.
(a)
Decision-making
50.
(c)
Division of work
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Tamilnadu Stateboard 12th Standard Subjects

Maths

Chemistry

Physics

Biology

Computer Science

Business Maths and Statistics

Economics

Commerce

Accountancy

History

Computer Applications

Biology

Computer Technology

Computer Applications

Computer Science

Business Maths and Statistics

Commerce

Economics

Maths

Chemistry

Physics

Computer Technology

History

Accountancy

Tamil

English

French
Tamilnadu Stateboard Standards