11th Organisation of Commerce And Management MCQ Collection


Organisation of Commerce And Management

11th Organisation of Commerce And Management MCQ

Organisation of Commerce And Management 11th Standard Multiple Choice Questions With Answers

1) A Lawyer is__________

A) A Professional person
B) A Businessman
C) An Employee
Ans : A Professional person

2) The raw material is converted into finished product by ______ industry.

A) Genetic
B) Extractive
C) Manufacturing

Ans : Manufacturing

3) The actual buying and selling of goods is known as _______

A) Profession
B) Trade
C) Industry

Ans : Trade

4) National level code of conduct is prepared for ________

A) Professionals
B) Businessmen
C) Employees

Ans : Professionals

 5) Construction of dams is an activity done under ________ industry.

A) Primary
B) Secondary
C) Tertiary

Ans : Secondary

6) The problem of distance is solved by _______

A) Bank
B) Transport
C) Warehousing

Ans : Transport

7) Commerce is a branch of _______

A) Business
B) Industry
C) Trade

Ans : Business

8) Return in business is called _______

A) Fees
B) Salary
C) Profit

Ans : Profit

 9) A business unit depends upon ________ for selling its output.

A) Industry
B) Society
C) Employees

Ans : Society

10) Warehousing creates _____ utility in goods.

A) Place
B) Time
C) Form

Ans : Time

11) _________ is the link between producer and retailer.

A) Consumer
B) Wholesaler
C) Manufacturer

Ans : Wholesaler

12) Price charged by retailers is generally _______

A) Higher
B) Lower
C) Fixed

Ans : Higher

13)  A Wholesaler invest ___________ capital in the business.

A) Small
B) Large
C) Less

Ans : Large

14) Retailer is the_________ link in the chain of distribution.

A) First
B) Last
C) Second

Ans : Last

15) Retailers supply information to the ________ through Wholesalers.

A) Manufacturer
B) Government
C) Consumers

Ans : Manufacturer

16) Major items __________ are ch emicals, crude oil and petroleum products, edible oils, electronic goods, gold and silver, pearl and precious stone.

A) Exported by India
B) Not exported by India
C) Imported by India

Ans : Imported by India

17) For customs clearance the _________ is prepared by the exporter.

A) Carting Order
B) Letter of C redit
C) Shipping Bill

Ans : Shipping Bill

18) ___________ carry goods on their head in baskets or containers.

A) Hawkers
B) Peddlers
C) Cheap Jacks

Ans : Peddlers

19) _________ open their shops on market days i.e. on fixed days.

A) Street traders
B) Market T raders
C) Peddlers

Ans : Market T raders

 20) _________ retailers deal in particular goods.

A) General Stores
B) Speciality shop retailers
C) Second h and goods shops

Ans : Speciality shop retailers

21) _______ is k now n as self-service store.

A) Department store
B) Super market
C) Multiple store

Ans : Super market

22) The problem of __________ has been becoming more serious in India.

A) Employment
B) Unemployment
C) Pollution

Ans : Unemployment

 23) India is __________ abundant country.

A) Labour
B) Money
C) Material

Ans : Labour

 24) _______ cost of power acquisition, frequent power cuts, irregular supply of power affect the productivity of SSI.

A) Higher
B) Lower
C) Average

Ans : Higher

25) Before setting up a business, it is essential to study the prevailing _________ environment.

A) Business
B) Natural
C) Political

Ans : Business

26) Small Scale Business are _____ intensive.

A) Money
B) Power
C) Labour

Ans : Labour

27) Occurring obscured idea in mind of entrepreneur is _______ stage of establishing business.

A) First
B) Second
C) Third

Ans : First

28) Small scale industries contribute nearly _______ to the industrial exports of the country.

 A) 40%
 B) 60%
 C) 20%

Ans : 40%

 29) A sole trading concern ensures _________ business secrecy.

 A) Maximum
 B) Minimum
 C) Limited
Ans : Maximum

 30) The members of Hindu undivided family business are called___________

 A) Carpenter
 B) Coparcener
 C) Parceners

 Ans : Coparcener

 31) The head of joint Hindu Family Business is called as ___________

 B) Owner
 C) Manager

 Ans : KARTA

 32) Registration of partnership firm is _________ in Maharashtra

A) Voluntary
B) Compulsory
C) Easy

Ans : Compulsory

 33) The liability of the shareholders in the joint Stock Company is ________.

A) Limited
B) Unlimited
C) Restricted

Ans : Limited

 34) A Joint Stock Company is an artificial person created by ________.

 A) Law
 B) Articles
 C) Memorandum

Ans : Law

 35) Registration of a Joint Stock Company is ________.

A) Compulsory
B) Free
C) Not required

 Ans : Compulsory

 36) Liability of member of a Co-operative Society is ________.

A) Limited
B) Restricted
C) Maximum

Ans : Limited

 37) Indian Co-operative Society’s Act was passed in ________.

A) 1912
B) 1913
C) 1911

Ans : 1912

 38) _________acts as a signature of the company.

A) Common seal
B) Common sign
C) Common image

Ans : Common seal

 39) Departmental Organisation is financed through __________________ Appropriations made by the legislature.

 A) Annual budget
 B) Monthly budget
 C) Quarterly budget

Ans : Annual budget

 40) A _________ is an autonomous corporate body created by the special Act of the Parliament or State legislature.

A) Statutory corporation
B) Government company

Ans : Statutory corporation

41) A statutory corporation is answerable to ___________ Or state assembly whosoever creates it.

A) Parliament
B) Public
C) Employees

 Ans : Parliament

 42) In government company minimum __________ % paid-up capital is held by the government.

A) 51
B) 41
C) 31

Ans : 51

 43) The shares of government company are purchased in the name of ___________

A) President of India
B) Chief Minister
C) Defence Minister

 Ans : President of India

 44) Government on the advice of ___________ Appoints auditor of government company.

A) Comptroller and Auditor General of India
B) Auditor
C) Chartered accountant

Ans : Comptroller and Auditor General of India

 45) A government company is a __________ entity separate from the government.

A) Natural
B) Legal
C) Human

Ans : Legal

 46) _________ Company has public accountability.

B) Private
C) Government

 Ans : Government

 47) MNCs are powerful __________ Entities.

A) Economical
B) Political
C) Social

Ans : Economical

 48) Small Industrial Development Bank of India (SIDBI) was established in ___________

A) 1989
B) 1990
C) 1991

 Ans : 1990

 49) SIDBI was established under the Small Industrial Development Bank of India. Act, ___________

A) 1988
B) 1992
C) 1996

Ans : 1988

50) ___________Came into existence on July 12, 1982





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