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Important Question paper 1mark

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Part-A

    Answer any 10 of the following

    14 x 1 = 14
  1. Who wrote "Arthasasthra"?

    (a)

    Kautilya

    (b)

    Kambar

    (c)

    Thiruvalluvar

    (d)

    Elangovadigal

  2. The word vaniyam or vanipam would have had a ____________ origin.

    (a)

    Tamil

    (b)

    Dravidiam

    (c)

    Greek

    (d)

    None of these

  3. The Members in the joint Hindu family are called ________

    (a)

    Karta

    (b)

    Coparceners

    (c)

    Generations

    (d)

    Partners

  4. A Partner who does not take part int he working of the firm is called ________ Partner.

    (a)

    Sleeping

    (b)

    Dormant

    (c)

    Minor

    (d)

    Active

  5. Enterprises operating in several countries but managed from one country is termed as______.

    (a)

    Government company

    (b)

    Multinational company

    (c)

    Private company

    (d)

    Joint Venture

  6. _____________ set up their facilities in low cost countries and produce goods, services at lower cost.

    (a)

    Partnership

    (b)

    Joint stock company

    (c)

    Multinational company

    (d)

    Co-operatives

  7. Which one of the following is a type of marine insurance?

    (a)

    Money back policy

    (b)

    Cargo Insurance

    (c)

    Hull insurance

    (d)

    both b & c

  8. 'Stepping the shoes on others' means _________ .

    (a)

    Subrogation

    (b)

    Contribution

    (c)

    nearest cause

    (d)

    indemnity

  9. The purchase of goods from a Foreign Country is called _____.

    (a)

    Import

    (b)

    Export

    (c)

    Entrepot

    (d)

    Re-export

  10. ______trade is a trade between a seller and buyer of different countries.

    (a)

    Foreign

    (b)

    Export

    (c)

    Entrepot

    (d)

    Home

  11. Selling of Goods from home country to foreign country is called______.

    (a)

    Home Trade

    (b)

    Entrepot Trade

    (c)

    Foreign Trade

    (d)

    Joint Venture

  12. In due course __________ was replaced by ______ on 1st January 1995.

    (a)

    GATO, WTO

    (b)

    ETO, GATT

    (c)

    GATT, WTO

    (d)

    IMF, GATT

  13. The year in which income is earned is known as _____.

    (a)

    Assessment year 

    (b)

    Previous year

    (c)

    Light year 

    (d)

    Calender year

  14. Compensation received for loss of trading asset is a _______________

    (a)

    Capital receipt

    (b)

    Revenue receipt

    (c)

    a casual receipt

    (d)

    None of the above

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