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11th Standard English Medium Commerce Subject Book Back 1 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 15
    15 x 1 = 15
  1. _____________ was first sultan who paved way in the dense forest and helped traders to move from one market place to others place for their commercial caravans.

    (a)

    Balban

    (b)

    Vascoda Gama

    (c)

    Akbar

    (d)

    Alauddin Khilij

  2. Membership in a Cooperative organization is :

    (a)

    Not open to all

    (b)

    Selective

    (c)

    Open to all

    (d)

    None of them

  3. Which of the following is not a function of a Central Bank?

    (a)

    Guiding and regulating the Banking system of a Country

    (b)

    Deal with general public

    (c)

    Acts essentially as Government banker

    (d)

    Maintains deposit accounts of all other banks

  4. Business units can reduce expenditure by outsourcing front office work like _______.

    (a)

    Paper Work

    (b)

    File Work

    (c)

    Billing

    (d)

    Manufacture

  5. Public deposits are the deposits which are raised directly from ____

    (a)

    The public

    (b)

    The directors

    (c)

    The auditors

    (d)

    The owners

  6. Internal trade can be classified into _____ categories.

    (a)

    Three

    (b)

    Four

    (c)

    Two

    (d)

    Five

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

    (a)

    Home Trade

    (b)

    Entrepot Trade

    (c)

    Foreign Trade

    (d)

    Joint Venture

  8. The Exporters appoint the _________ agent to fulfill the customs formalities

    (a)

    Clearing Agent

    (b)

    Forwarding Agent

    (c)

    Commission Agent

    (d)

    Factor

  9. The headquarter of WTO is located at _____.

    (a)

    New york

    (b)

    London

    (c)

    Geneva

    (d)

    Brazil

  10. Foreign Capital long-term loan and Foreign Currency reserve are recorded under_____.

    (a)

    Official Capital

    (b)

    Private Capital

    (c)

    Banking Capital

    (d)

    Both private and official Capital

  11. Every promise and every set of promises, forming the consideration for each other, is an _______.

    (a)

    Agreement

    (b)

    Contract

    (c)

    Offer

    (d)

    Acceptance

  12. Which of the following persons can perform the contract?

    (a)

    Promisor alone

    (b)

    Legal representatives of promisor

    (c)

    Agent of the promisor

    (d)

    All of above

  13. Any agreement which becomes impossible to perform under various circumstances ____________

    (a)

    Voidable

    (b)

    Void

    (c)

    Valid

    (d)

    None of these

  14. The aggregate income under five heads is termed as _______.

    (a)

    Gross Total Income

    (b)

    Total Income

    (c)

    Salary Income

    (d)

    Business Income

  15. In India GST became effective from?

    (a)

    1st April, 2017

    (b)

    1st January, 2017

    (c)

    1st July, 2017

    (d)

    1st March, 2017

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