Organisation of Commerce And Management
Organisation of Commerce And Management 11th Standard Multiple Choice Questions With Answers
1) A Lawyer is__________
A) A Professional personB) A BusinessmanC) An Employee
Ans : A Professional person
2) The raw material is converted into finished product by ______ industry.
A) GeneticB) ExtractiveC) Manufacturing
Ans : Manufacturing
3) The actual buying and selling of goods is known as _______
A) ProfessionB) TradeC) Industry
Ans : Trade
4) National level code of conduct is prepared for ________
A) ProfessionalsB) BusinessmenC) Employees
Ans : Professionals
5) Construction of dams is an activity done under ________ industry.
A) PrimaryB) SecondaryC) Tertiary
Ans : Secondary
6) The problem of distance is solved by _______
A) BankB) TransportC) Warehousing
Ans : Transport
7) Commerce is a branch of _______
A) BusinessB) IndustryC) Trade
Ans : Business
8) Return in business is called _______
A) FeesB) SalaryC) Profit
Ans : Profit
9) A business unit depends upon ________ for selling its output.
A) IndustryB) SocietyC) Employees
Ans : Society
10) Warehousing creates _____ utility in goods.
A) PlaceB) TimeC) Form
Ans : Time
11) _________ is the link between producer and retailer.
A) ConsumerB) WholesalerC) Manufacturer
Ans : Wholesaler
12) Price charged by retailers is generally _______
A) HigherB) LowerC) Fixed
Ans : Higher
13) A Wholesaler invest ___________ capital in the business.
A) SmallB) LargeC) Less
Ans : Large
14) Retailer is the_________ link in the chain of distribution.
A) FirstB) LastC) Second
Ans : Last
15) Retailers supply information to the ________ through Wholesalers.
A) ManufacturerB) GovernmentC) 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 IndiaB) Not exported by IndiaC) Imported by India
Ans : Imported by India
17) For customs clearance the _________ is prepared by the exporter.
A) Carting OrderB) Letter of C reditC) Shipping Bill
Ans : Shipping Bill
18) ___________ carry goods on their head in baskets or containers.
A) HawkersB) PeddlersC) Cheap Jacks
Ans : Peddlers
19) _________ open their shops on market days i.e. on fixed days.
A) Street tradersB) Market T radersC) Peddlers
Ans : Market T raders
20) _________ retailers deal in particular goods.
A) General StoresB) Speciality shop retailersC) Second h and goods shops
Ans : Speciality shop retailers
21) _______ is k now n as self-service store.
A) Department storeB) Super marketC) Multiple store
Ans : Super market
22) The problem of __________ has been becoming more serious in India.
A) EmploymentB) UnemploymentC) Pollution
Ans : Unemployment
23) India is __________ abundant country.
A) LabourB) MoneyC) Material
Ans : Labour
24) _______ cost of power acquisition, frequent power cuts, irregular supply of power affect the productivity of SSI.
A) HigherB) LowerC) Average
Ans : Higher
25) Before setting up a business, it is essential to study the prevailing _________ environment.
A) BusinessB) NaturalC) Political
Ans : Business
26) Small Scale Business are _____ intensive.
A) MoneyB) PowerC) Labour
Ans : Labour
27) Occurring obscured idea in mind of entrepreneur is _______ stage of establishing business.
A) FirstB) SecondC) 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) MaximumB) MinimumC) Limited
Ans : Maximum
30) The members of Hindu undivided family business are called___________
A) CarpenterB) CoparcenerC) Parceners
Ans : Coparcener
31) The head of joint Hindu Family Business is called as ___________
A) KARTAB) OwnerC) Manager
Ans : KARTA
32) Registration of partnership firm is _________ in Maharashtra
A) VoluntaryB) CompulsoryC) Easy
Ans : Compulsory
33) The liability of the shareholders in the joint Stock Company is ________.
A) LimitedB) UnlimitedC) Restricted
Ans : Limited
34) A Joint Stock Company is an artificial person created by ________.
A) LawB) ArticlesC) Memorandum
Ans : Law
35) Registration of a Joint Stock Company is ________.
A) CompulsoryB) FreeC) Not required
Ans : Compulsory
36) Liability of member of a Co-operative Society is ________.
A) LimitedB) RestrictedC) Maximum
Ans : Limited
37) Indian Co-operative Society’s Act was passed in ________.
A) 1912B) 1913C) 1911
Ans : 1912
38) _________acts as a signature of the company.
A) Common sealB) Common signC) Common image
Ans : Common seal
39) Departmental Organisation is financed through __________________ Appropriations made by the legislature.
A) Annual budgetB) Monthly budgetC) 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 corporationB) Government companyC) MNC
Ans : Statutory corporation
41) A statutory corporation is answerable to ___________ Or state assembly whosoever creates it.
A) ParliamentB) PublicC) Employees
Ans : Parliament
42) In government company minimum __________ % paid-up capital is held by the government.
A) 51B) 41C) 31
Ans : 51
43) The shares of government company are purchased in the name of ___________
A) President of IndiaB) Chief MinisterC) Defence Minister
Ans : President of India
44) Government on the advice of ___________ Appoints auditor of government company.
A) Comptroller and Auditor General of IndiaB) AuditorC) Chartered accountant
Ans : Comptroller and Auditor General of India
45) A government company is a __________ entity separate from the government.
A) NaturalB) LegalC) Human
Ans : Legal
46) _________ Company has public accountability.
A) MNCB) PrivateC) Government
Ans : Government
47) MNCs are powerful __________ Entities.
A) EconomicalB) PoliticalC) Social
Ans : Economical
48) Small Industrial Development Bank of India (SIDBI) was established in ___________
A) 1989B) 1990C) 1991
Ans : 1990
49) SIDBI was established under the Small Industrial Development Bank of India. Act, ___________
A) 1988B) 1992C) 1996
Ans : 1988
50) ___________Came into existence on July 12, 1982
A) NABARDB) KVICC) SIDBI
Ans : NABARD
Tags:
Standard 11