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11th Standard Commerce English Medium Free Online Test One Mark Questions with Answer Key 2020

11th Standard

    Reg.No. :
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Commerce

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

    Answer all the questions

    10 x 1 = 10
  1.  Barter system will be effective only when the needs of both parties are ..... with each other.

    (a)

    satisfied

    (b)

    not satisfied

    (c)

    coincided

    (d)

    none of these

  2. Commerce involves an exchange of ................for the sake of earning profits

    (a)

    ideas

    (b)

    mutual interest

    (c)

    goods

    (d)

    goods and services

  3. Which of the following is not correctly matched?

    (a)

    Analytical Industry - oil refinery

    (b)

    Synthetic Industry - sugar industry

    (c)

    Processing Industry - Paper industry

    (d)

    Assembling Industry - Automobile industry

  4. Activities undertaken with a monetary motives are termed as ...............activities.

    (a)

    Economic

    (b)

    Non-Economic

    (c)

    Monetary

    (d)

    None of these

  5. A partnership is formed by ___________

    (a)

    agreement

    (b)

    relationship among persons

    (c)

    the direction of government

    (d)

    friendship

  6. The Local Area Banks are promoting

    (a)

    Rural Savings

    (b)

    Business Savings

    (c)

    Industrial development

    (d)

    Agricultural development

  7. A Company under outsourcing transfers activities which are ________.

    (a)

    Core

    (b)

    Non-core

    (c)

    Business

    (d)

    Non Business

  8. Self help groups convert the savings into a common fund known as____

    (a)

    Common Fund

    (b)

    Groups corpus Fund

    (c)

    Group Fund

    (d)

    None of the above

  9. The headquarter of WTO is located at _____.

    (a)

    New york

    (b)

    London

    (c)

    Geneva

    (d)

    Brazil

  10. What kind of Tax the GST is?

    (a)

    Direct Tax

    (b)

    Indirect Tax

    (c)

    Dependence on the type of goods and services

    (d)

    All business organisations

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