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Published on: 04/11/2019
Download CBSE Class 11th Standard CBSE Business Studies question papers, sample papers, important questions, and previous year solved papers in PDF format. Get free study materials, NCERT solutions, and exam preparation resources for Class 11th Standard CBSE Business Studies
Questions + Answers key
Take MCQ Business Studies Test
1.
Insurer must have some pecuniary interest in the subject matter of interest. It is the principle of
Mitigation
Contribution
Utmost Good Faith
Insurable Interest
2.
It is the duty of the insured to make an effort for minimization of loss. It is the principle of:
Utmost Good Faith
Contribution
Mitigation
Insurable Interest
3.
FCI, STC, CWC are examples of:
Bonded Warehouses
Government Warehouses
Private Warehouses
Cooperative Warehouses
4.
Speed post in India connects ___________ major countries of the world.
120
140
97
82
5.
Name the controlling authority of telecom services in India
TRAI
SEBI
RBI
IRDA
6.
VSAT stands for:
Very Small Aperture Terminal
Vidyut Supply and Transport
Very Small Application Terminal
Video Screening Aperture Terminal
7.
Which of the following companies offer DTH services in our country?
Reliance
Idea
Tata sky
All of the above
8.
In which type of insurance, interest must exist only at the time of insurance?
Life Insurance
Marine Insurance
Fire Insurance
All of the above
9.
Give full form of ATM
Automatic Tele Money
Any Time Money
Automated Teller Machine
Automatic Transfer Money
10.
Who can get an overdraft from a bank?
A Current Account Holder
A Savings Account Holder
A Fixed Deposit Account Holder
A Recurring Deposit Account Holder
11.
Which of the following is an example of e-banking?
EFT
Online banking
ATM
All of the above
12.
Which one of the following is not amongst India's major trading partners?
USA
UK
Germany
New Zealand
13.
Which one of the following is not amongst India's major import items?
Ayurvedic medicines
Oil and petroleum products
Pearls and precious stones
Machinery
14.
Which one of the following modes of entry brings the firm closer to international markets?
Licensing
Franchising
Contract manufacturing
Joint venture
15.
Which one of the following modes of entry permits greater degree of control over overseas operations?
Licensing/franchising
Wholly owned subsidiary
Contract manufacturing
Joint venture
16.
Which one of the following modes of entry requires higher level of risks?
Licensing
Franchising
Contract manufacturing
Joint venture
17.
Which of the following is not an advantage of exporting?
Easier way to enter into international markets
Comparatively lower risks
Limited presence in foreign markets
Less investment requirements
18.
When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as
Contract manufacturing
Franchising
Joint ventures
Licensing
19.
Which of the following alone can ensure effective ethics programme in a business enterprise?
Publication of code
Involvement of employees
Establishment of compliance mechanisms
None of them
20.
Ethics is important for
Top management
Middle-level managers
Non-managerial employees
All of them
21.
Which of the following is capable of doing maximum good to society?
Business success
Laws and regulations
Ethics
Professional management
22.
Which of the following can explain the need for pollution control?
Cost savings
Reduced risk of liability
Reduction of health hazards
All of them
23.
Carbon monoxide emitted by automobile directly contributes to
Water pollution
Noise pollution
Land pollution
Air Pollution
24.
Environmental protection can best be done by the efforts of
Business people
Government
Scientists
All the people
25.
That an enterprise must behave as a good citizen is an example of its responsibility towards
Owners
Workers
Consumers
Community
26.
Business people have the skills to solve
All social problems
Some social problems
No social problems
All economic problems
27.
If business is to operate in a society which is full of diverse and complicated problems, it may have
Little chance of success
Great chance of success
Little chance of failure
No relation with success or failure
28.
Social responsibility is
Same as legal responsibility
Broader than legal responsibility
Narrower than legal responsibility
None of them
29.
TRIP is one of the WTO agreements that deal with:
Trade in agriculture
Trade in services
Trade related investment measures
None of these
30.
Which of the following does not belong to the World Bank group?
IBRD
IDA
MIGA
IMF
31.
The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
Letter of hypothetication
Letter of credit
Bill of lading
Bill of exchange
32.
Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shippers name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?
Shipping bill
Packaging list
Mate's receipt
Bill of exchange
33.
A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
Shipping receipt
Mate receipt
Cargo receipt
Charter receipt
34.
Which one of the following is not a part of export documents?
Commercial invoice
Certificate of origin
Bill of entry
Mate's receipt
35.
Which one ofthe following is not a document related to fulfill the customs formalities?
Shipping bill
Export license
Letter of insurance
Performa invoice
36.
Which of the following do not form part of duty drawback scheme?
Refund of excise duties
Refund of customs duties
Refund of export duties
Refund of income dock charges at the port of shipment
37.
Which of the following documents is not required in connection with an import transaction?
Bill of lading
Shipping bill
Certificate of origin
Shipment advice
38.
Which of the following documents are not required for obtaining an export license?
IEC number.
Letter of credit.
Registration cum membership certificate
Bank account number
39.
In India, ________________ and ______________ are referred to as emerging modes of business.
E-Business and E-Commerce
Outsourcing and E-business
Outsourcing and E-Commerce
Online Trading and Networking.
40.
BPO _______________ cost and __________ excellence.
Reduces, Reduces
Increases, Increases
Reduces, Increases
Increases, Reduces
41.
________________ is the largest captive BPO unit in India for providing certain kinds of services to the parent company in the United States as well as to its subsidiaries in other countries.
Infosys
General electric (GE)
Accenture
None of these
42.
Which of the following is used to handle data storage risk?
VIRUS
Hacking
Cryptography
All of the Above
43.
When a customer claims that he has made payment but the seller does not get it, it is called:
Default on Delivery
Default on Order Taking
Bed Debts
Default on Payment
44.
About 95% of online consumer transactions are executed through:
Cheques
Credit Card
Debit Card
E-cash
45.
Which of the following can be used only for e-business?
Cheques
Credit Card
Debit Card
E-cash
46.
Which of the following is not an application of e-business?
E-procurement
e-bidding
e-delivery
All of the above
47.
Which of the following is a benefit of e-business?
Less Risky
Less Technological Requirements
Convenience
All of the above
48.
Work from home using internet is covered under:
Online Networking
Virtual Private Network
Electronic Data Exchange
Paypal
49.
When a firm transacts with its employees, it is referred to as:
B2B Commerce
B2E Commerce
C2C Commerce
B2C Commerce
50.
When parties involved in the electronic transactions are from within a given business firm, it is called:
B2B Commerce
Intra B Commerce
C2C Commerce
B2C Commerce
51.
In B2B, B2C, C2C etc B and C stand for:
Business and Corporate
Biding and Customer
Business and Customer
Business and Consumer
52.
When was Electronic Data Interchange (EDI) standardised?
1984
1995
2000
1999
53.
E-business and E-commerce are:
Synonyms
Antonyms
Former is wider than latter
Former is narrow than latter.
54.
Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as
Licensing
Franchising
Contract manufacturing
Joint venture
55.
In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee.
Licensing
Contract manufacturing
Joint venture
None of these
56.
Minor can be full-fledged member of
Co-operative Society
Joint Stock Company
Joint Hindu Family
Partnership
57.
Which of the following has unlimited liability in business?
Sole Proprietor
Karta
Partners
All of the above
58.
Name the law which governs Joint Hindu Family Business
Partnership Act
Hindu Law
Companies Act, 1956
Contract Act
59.
Name the person who manages a Joint Hindu Family Business.
Manager
Minor
Members
Karta
60.
Internal sources of capital are those that are
Generated through outsiders such as suppliers
Generated through loans from commercial banks
Generated through issue of shares
Generated within the business
61.
The maturity period of a commercial paper usually ranges from
20 to 40 days
60 to 90 days
120 to 365 days
90 to 364 days
62.
Under the factoring arrangement, the factor
Produces and distributes the goods or services
Makes the payment on behalf of the client
Collects the client's debt or account receivables
Transfer the goods from one place to another
63.
Debentures represent
Fixed capital of the company
Permanent capital of the company
Fluctuating capital of the company
Loan capital of the company
64.
Under the lease agreement, the lessee gets the right to
Share profits earned by the lessor
Participate in the management of the organization
Use the asset for a specified period
Sell the assets
65.
Public deposits are the deposits that are raised directly from
The public
The directors
The auditors
The owners
66.
ADRs are issued in
Canada
China
India
USA
67.
Funds required for purchasing current assets is an example of
Fixed capital requirement
Ploughing back of profits
Working capital requirement
Lease financing
68.
The term 'redeemable' is used for
Preference shares
Commercial paper
Equity shares
Public deposits
69.
Equity shareholders are called:
Owners of the company
Partners of the company
Executives of the company
Guardian of the company
70.
Memorandum of Understanding (MOU) is a term used in context of:
Public Private Partnership
Joint Venture
Changing role of public Sector
All of the above
71.
When two or more businesses join hands for mutual benefit and common purpose, it is called:
Public Private Partnership
Joint Venture
Global Enterprises
Statutory Corporation
72.
Which of the following has 51% of the capital from government?
Departmental Undertaking
Government Company
Statutory Corporation
None of the above
73.
Which of the following is an example of Statutory Corporation?
Life Insurance Corporation Limited
Railways
Bharat Heavy electrical Limited
All of the above
74.
Steel Authority of India Limited (SAIL) is an example of:
Departmental Undertaking
Government Company
Statutory Corporation
None of the above
75.
Which of the following is most suitable when purpose is to generate revenue for the government?
Departmental Undertaking
Government Company
Statutory Corporation
None of the above
76.
It is not an application of e-business:
Online bidding
Online procurement
Online trading
Contract RandD
77.
A Call Centre handles:
Only in-bound voice based business
Only out-bound voice based business
Both voice based and non-voice based business
Both customer facing and back-end business
78.
The payment mechanism typical to e-business
Cash on delivery(CoD)
Cheques
Credit and Debit Cards
E-cash
79.
Outsourcing:
Restricts only to the contracting out of Information Technology Enabled Services (ITES)
Restricts only to the contracting out of non-core business
Includes contracting out of manufacturing and RandD as well as services processes -both core and non-core, but restricts only to domestic territory
Includes off-shoring
80.
e-commerce does not include:
A business's interactions with its suppliers
A business's interactions with its customers
Interactions among the various departments within the business
Interactions among the geographically dispersed units of the business
81.
Which of the following is a cause of business risk?
Natural causes
Political causes
Economic causes
All of the above
82.
Which of the following is not an insurable risk?
Risk of theft
Risk of fire
Risk of change in pattern of demand
All of these
83.
The Head of the Joint Hindu family Business is called
Proprietor
Director
Karta
Manager
84.
Profits do not have to be shared. This statement refers to:
Partnership
Joint Hindu family business
Sole proprietorship
Company
85.
The board of directors of a joint stock company is elected by:
General public
Government bodies
Shareholders
Employees
86.
In a cooperative society the principle followed is:
One share one vote
One man one vote
No vote
Multiple votes
87.
The Karta in Joint Hindu family business has:
Limited liability
Unlimited liability
No liability for debts
Joint liability
88.
The structure in which there is separation of ownership and management is called
Sole proprietorship
Partnership
Company
All business organizations
89.
CWC stands for __________
Central Water Commission
Central Warehousing Commission
Central Warehousing Corporation
Central Water Corporation
90.
Which of the following is not applicable in Life Insurance contract?
Conditional contract
Unilateral contract
Indemnity contract
None of the above
91.
Disinvestments of PSE's implies
Sale of equity shares to private sector/public
Closing down operations
Investing in new areas
Buying shares of PSE's
92.
PSE's are organizations owned by
Joint Hindu Family
Government
Foreign companies
Private entrepreneurs
93.
Centralised control in MNC's implies control exercised by
Branches
Subsidiaries
Headquarters
Parliament
94.
A government company is any company in which the paid up capital held by the government is not less than
49 per cent
51 per cent
50 per cent
25 per cent
95.
The benefits of public warehousing includes ____________
Control
Flexibility
Dealer relationship
None of the above
96.
DTH services are provided by_________.
Transport companies
Banks
Cellular companies
None of the above
97.
The industries which provides support services to other industries are known as
Primary industries
Secondary industries
Commercial industries
Tertiary industries
98.
The occupation in which people work for others and get remunerations in return is known as
Business
Employment
Profession
None of them
99.
Which of the following cannot be classified as an auxiliary to trade?
Mining
Insurance
Warehousing
Transport
1.
(d)
Insurable Interest
2.
(c)
Mitigation
3.
(b)
Government Warehouses
4.
(c)
97
5.
(a)
TRAI
6.
(a)
Very Small Aperture Terminal
7.
(d)
All of the above
8.
(a)
Life Insurance
9.
(c)
Automated Teller Machine
10.
(a)
A Current Account Holder
11.
(d)
All of the above
12.
(d)
New Zealand
13.
(b)
Oil and petroleum products
14.
(c)
Contract manufacturing
15.
(b)
Wholly owned subsidiary
16.
(c)
Contract manufacturing
17.
(a)
Easier way to enter into international markets
18.
(c)
Joint ventures
19.
(c)
Establishment of compliance mechanisms
20.
(d)
All of them
21.
(c)
Ethics
22.
(c)
Reduction of health hazards
23.
(d)
Air Pollution
24.
(d)
All the people
25.
(d)
Community
26.
(b)
Some social problems
27.
(a)
Little chance of success
28.
(b)
Broader than legal responsibility
29.
(d)
None of these
30.
(d)
IMF
31.
(b)
Letter of credit
32.
(a)
Shipping bill
33.
(b)
Mate receipt
34.
(c)
Bill of entry
35.
(d)
Performa invoice
36.
(d)
Refund of income dock charges at the port of shipment
37.
(a)
Bill of lading
38.
(b)
Letter of credit.
39.
(c)
Outsourcing and E-Commerce
40.
(c)
Reduces, Increases
41.
(b)
General electric (GE)
42.
(c)
Cryptography
43.
(d)
Default on Payment
44.
(b)
Credit Card
45.
(d)
E-cash
46.
(d)
All of the above
47.
(c)
Convenience
48.
(b)
Virtual Private Network
49.
(b)
B2E Commerce
50.
(b)
Intra B Commerce
51.
(d)
Business and Consumer
52.
(a)
1984
53.
(c)
Former is wider than latter
54.
(c)
Contract manufacturing
55.
(a)
Licensing
56.
(c)
Joint Hindu Family
57.
(d)
All of the above
58.
(b)
Hindu Law
59.
(d)
Karta
60.
(d)
Generated within the business
61.
(d)
90 to 364 days
62.
(c)
Collects the client's debt or account receivables
63.
(d)
Loan capital of the company
64.
(c)
Use the asset for a specified period
65.
(a)
The public
66.
(d)
USA
67.
(c)
Working capital requirement
68.
(a)
Preference shares
69.
(a)
Owners of the company
70.
(d)
All of the above
71.
(b)
Joint Venture
72.
(b)
Government Company
73.
(a)
Life Insurance Corporation Limited
74.
(c)
Statutory Corporation
75.
(b)
Government Company
76.
(d)
Contract RandD
77.
(d)
Both customer facing and back-end business
78.
(d)
E-cash
79.
(b)
Restricts only to the contracting out of non-core business
80.
(c)
Interactions among the various departments within the business
81.
(d)
All of the above
82.
(c)
Risk of change in pattern of demand
83.
(c)
Karta
84.
(b)
Joint Hindu family business
85.
(b)
Government bodies
86.
(d)
Multiple votes
87.
(b)
Unlimited liability
88.
(c)
Company
89.
(c)
Central Warehousing Corporation
90.
(c)
Indemnity contract
91.
(a)
Sale of equity shares to private sector/public
92.
(b)
Government
93.
(c)
Headquarters
94.
(b)
51 per cent
95.
(b)
Flexibility
96.
(c)
Cellular companies
97.
(d)
Tertiary industries
98.
(b)
Employment
99.
(a)
Mining
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