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Business and Commerce Class 11 MCQ Questions With Answers
1.
The advantage of a private limited liability company is
large capital than the partnership
it cannot sue and be sued
shareholders have unlimited liability
it discourages expansion
2.
Which is not a Nature of Business Risks?
Business risks arise due touncertainties
Risk is an essential part of every business
Degree of risk not depends mainlyupon the nature and size ofbusiness
Profit is the reward for risktaking
3.
Hindrance of place is removed by:
Communication
Advertisement
Warehousing
Transportation
4.
Name the two broad categories of business activities.
Trade and commerce
trade and industry
industry and commerce
none of these
5.
Which of the following cannot be classified as an auxiliary to trade?
Mining
Insurance
Warehousing
Transport
6.
Cattlebreeding farms, poultry farms, andfish hatchery come under which type of industries?
Manufacturing industries
Extractive industries
Secondary industries
Genetic industries
7.
Mohenjodaro werefounded in
Second millennium B.C.
third millennium B.C.
Fourth millennium B.C.
third millennium A.D.
8.
The industries which provide support services to other industries are known as
(i) Primary industries
(ii) Secondary industries
(iii) Commercial industries
(iv) Tertiary industries
9.
Oil refinery is a example of
Synthetical industry
Assembling industry
Analytical industry
Processing industry
10.
Hundi that is payable on order following a fixed term is called________.
Dhani-jog (Darshani)
Jokhmi (Muddati)
Firman-jog (Muddati)
Dhani-jog (Muddati)
11.
Which city was famous for 'Gold silk cloth'?
Varanasi
Mithila
Tamralipti
Ujjain
12.
___ is a document in which the regulations which govern the internal management of the company's affairs, the duties, rights and powers of the members are stated.
certificate of trading
memorandum of association
articles of association
prospectus
13.
Economic activities may be classified into business, ___________ and employment
profession
Vocation
Occupation
Work
14.
It was the capital of the Pandayas who controlled the pearl fisheries of the Gulf of Mannar. It attracted foreign merchants, particularly Romans, for carrying out overseas trade.
Mathura
Tamralipti
Surat
Madura
15.
Which of the following does not characterize business activity?
Production of goods & services
Presence of risk
Sale or exchange of goods and services
Salary and wages
16.
Which of the following is not a Cause of Business Risks?
Natural causes
Human causes
Economic causes
artistic causes
17.
___ is the organisation set up, owned and financed by individuals to promote the welfare of the members
limited company
public enterprise
cooperative society
partnership business
18.
The occupation in which people work for others and get remunerated in return is known as
Business
Profession
Employment
None of these
19.
Transfer of interest exists in the case of
Profession
employment
business
none of these
20.
Payable to a specific person,someone ‘respectable’. Liabilityover who received payment.
Sah-jog - Darshani
Firman-jog - Darshani
Dekhan- har - Darshani
Firman-jog -Muddati
21.
All are types of cooperative society EXCEPT
producers cooperative society
consumers cooperative society
credit and thrift cooperative society
managers' cooperative society
22.
Which of the broad categories of industries covers oil refinery and sugar mills?
(i) Primary
(ii) Secondary
(iii) Tertiary
(iv) None of them
23.
Commerce includes activities relating to trade and _________________ to trade.
auxilaries
Subsidiaries
Supporting
None of these
24.
Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is
True
false
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