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12th Standard Commerce Important 1 Mark Questions With Answers

12th Standard

    Reg.No. :
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Commerce

Time : 01:00:00 Hrs
Total Marks : 50

    Answer all the following Questions.

    50 x 1 = 50
  1. Dividing the work into small tasks is known as ______.

    (a)

    Discipline

    (b)

    Unity

    (c)

    Division of work

    (d)

    Equity

  2. Which of the following is not a main function?

    (a)

    Decision-making

    (b)

    Planning

    (c)

    Organising

    (d)

    Staffing

  3. Delegation of Authority is Easily Done with the Help of _______.

    (a)

    MBM

    (b)

    MBE

    (c)

    MBO

    (d)

    MBA

  4. Capital market is a market for _______.

    (a)

    Short Term Finance

    (b)

    Medium Term Finance

    (c)

    Long Term Finance

    (d)

    Both Short Term and Medium Term Finance

  5. Spot Market is a market where the delivery of the financial instrument and payment of cash occurs _______.

    (a)

    Immediately

    (b)

    In the future

    (c)

    Uncertain

    (d)

    After one month

  6. Participants in the capital market includes ______.

    (a)

    Individuals

    (b)

    Corporate

    (c)

    Financial Institutions

    (d)

    All of the above

  7. The _______ was set up by a premier financial institution to allow the trading of securities across the electronic counters throughout the country.

    (a)

    OTCEI

    (b)

    Factoring

    (c)

    Mutual Funds

    (d)

    Venture Funds Institutions

  8. The money invested in the call money market provides high liquidity with _______

    (a)

    Low Profitability

    (b)

    High Profitability

    (c)

    Limited Profitability

    (d)

    Medium Profitability

  9. Debt Instruments are issued by Corporate Houses are raising short-term financial resources from the money market are called _____.

    (a)

    Treasury Bills

    (b)

    Commercial Paper

    (c)

    Certificate of Deposit

    (d)

    Government Securities

  10. There are _____ stock exchange in the country.

    (a)

    21

    (b)

    24

    (c)

    20

    (d)

    21

  11. Jobbers transact in a stock exchange ____.

    (a)

    For their Clients

    (b)

    For their Own Transactions

    (c)

    For other Brokers

    (d)

    For other Members

  12. Registering and controlling the functioning of collective investment schemes as _____

    (a)

    Mutual Funds

    (b)

    Listing

    (c)

    Rematerialisation

    (d)

    Dematerialization

  13. Trading is dematerialized shares commenced on the NSE is ______

    (a)

    January 1996

    (b)

    June 1998

    (c)

    December 1996

    (d)

    December 1998

  14. Human resource is a ______ asset.

    (a)

    Tangible

    (b)

    Intangible

    (c)

    Fixed

    (d)

    Current

  15. Human Resource management is both _____ and ______.

    (a)

    Science and art

    (b)

    Theory and practice

    (c)

    History and Geography

    (d)

    None of the above

  16. Advertisement is a ______ source of recruitment

    (a)

    internal

    (b)

    external

    (c)

    agent

    (d)

    outsourcing

  17. E-recruitment is possible only through ___ facility.

    (a)

    Computer

    (b)

    Internet

    (c)

    Broadband

    (d)

    4G

  18. Selection is usually considered as a _________ process

    (a)

    Positive

    (b)

    Negative

    (c)

    Natural

    (d)

    None of these

  19. Which of the following test is used to measure the various characteristics of the candidate?

    (a)

    Physical Test

    (b)

    Psychological Test

    (c)

    Attitude Test

    (d)

    Proficiency tests

  20. ______is useful to prevent skill obsolescence of employees

    (a)

    Training

    (b)

    Job analysis

    (c)

    Selection

    (d)

    Recruitment

  21. The marketer initially wants to know in the marketing is_______

    (a)

    Qualification of the customer

    (b)

    Quality of the product

    (c)

    Background of the customers

    (d)

    Needs of the customers

  22. Who is supreme in the Market?

    (a)

    Customer

    (b)

    Seller

    (c)

    Wholesaler

    (d)

    Retailer

  23. Marketing mix means a marketing program that is offered by a firm to its target ________ to earn profits through satisfaction of their wants.

    (a)

    Wholesaler

    (b)

    Retailer

    (c)

    Consumer

    (d)

    Seller

  24. Which is gateway to internet?

    (a)

    Portal

    (b)

    CPU

    (c)

    Modem

    (d)

    Webnaire

  25. Pure play retailers are called

    (a)

    Market creators

    (b)

    Transaction brokers

    (c)

    Merchants

    (d)

    Agents

  26. The term 'consumerism' came into existence in the year ________.

    (a)

    1960

    (b)

    1957

    (c)

    1954

    (d)

    1958

  27. Who is the father of Consumer Movement?

    (a)

    Mahatma Gandhi

    (b)

    Mr. Jhon F.Kennedy

    (c)

    Ralph Nader

    (d)

    Jawaharlal Nehru

  28. Which of the following is not a consumer right summed up by John F. Kennedy?

    (a)

    Right to safety

    (b)

    Right to choose

    (c)

    Right to consume

    (d)

    Right to be informed

  29. The Chairman of the National Consumer Disputes Redressal Council is ________.

    (a)

    Serving or Retired judge of the Supreme Court of India

    (b)

    Prime Minister

    (c)

    President of India

    (d)

    None of the above

  30. The State Commission can entertain complaints where the value of the goods or services and the compensation, if any claimed exceed _______.

    (a)

    Rs. 2 lakhs but does not exceed Rs.5 lakhs

    (b)

    Rs.20 lakhs but does not exceed Rs.1 crore

    (c)

    Rs. 3 lakhs but does not exceed Rs. 5 lakhs

    (d)

    Rs. 4 lakhs but does not exceed Rs. 20 lakhs

  31. GST stands for ________.

    (a)

    Goods and Social Tax

    (b)

    Goods and Service Tax

    (c)

    Goods and Sales Tax

    (d)

    Goods and Salary Tax

  32. Macro Environment of business is an _________ factor.

    (a)

    Uncontrollable

    (b)

    Controllable

    (c)

    Manageable

    (d)

    Immanageable

  33. ________ means permitting the private sector to setup industries which were previously reserved for public sector.

    (a)

    Liberalisation

    (b)

    Privatisation

    (c)

    Globalisation

    (d)

    Public Enterprise

  34. _______ results from the removal of barriers between national economies to encourage the flow of goods, services, capital and labour.

    (a)

    Privatisation

    (b)

    Liberalisation

    (c)

    Globalisation

    (d)

    Foreign Trade

  35. In case of the sale, the ______ has the right to sell.

    (a)

    Buyer

    (b)

    Seller

    (c)

    Hirer

    (d)

    Consignee

  36. The property in the goods means the

    (a)

    Possession of goods

    (b)

    Custody of goods

    (c)

    Ownership of goods

    (d)

    Both (a) and (b)

  37. Negotiable Instrument Act was passed in the year _________.

    (a)

    1981

    (b)

    1881

    (c)

    1994

    (d)

    1818

  38. Number of parties in a bill of exchange are_______.

    (a)

    2

    (b)

    6

    (c)

    3

    (d)

    4

  39. What are the characteristics of an entrepreneur?

    (a)

    Spirit of enterprice

    (b)

    Flexibility

    (c)

    Self Confidence

    (d)

    All of the above

  40. Which of the below is not classified into managerial functions?

    (a)

    Planning

    (b)

    Marketing

    (c)

    Organizing

    (d)

    Controlling

  41. Corporate Entrepreneur is also called as _________

    (a)

    Intrapreneur

    (b)

    Promoter

    (c)

    Manager

    (d)

    Shareholder

  42. Which of these is based on Technology?

    (a)

    Modern

    (b)

    Professional

    (c)

    Corporate

    (d)

    Industrial

  43. The ___________ initiative was launched to modernize the Indian economy to make all governments services available electronically.

    (a)

    Standup India

    (b)

    Startup India

    (c)

    Digital India

    (d)

    Make in India

  44. _____ has to include the mechanism for managing venture in the project report.

    (a)

    Banker

    (b)

    Government

    (c)

    Lending Institutions

    (d)

    Entrepreneur

  45. How does a person who envisages the idea to form a company called ?

    (a)

    Director

    (b)

    Company Secretary

    (c)

    Registrar

    (d)

    Promoter

  46. Which of the following types of shares are issued by a company to raise capital from the existing shareholders?

    (a)

    Equity Shares

    (b)

    Right Shares

    (c)

    Preference Shares

    (d)

    Bonus Shares

  47. A person Shall hold office as a director in ___________companies as per the Companies Act, 2013.

    (a)

    5 companies

    (b)

    10 companies

    (c)

    20 companies

    (d)

    15 companies

  48. A Private Company shall have a minimum of_______.

    (a)

    Seven directors

    (b)

    Five directors

    (c)

    Three directors

    (d)

    Two directors

  49. Who is not entitled to speak at the annual general meeting of the company.

    (a)

    Auditor

    (b)

    Shareholder

    (c)

    Proxy

    (d)

    Director

  50. From the date of its incorporation, the First Annual General Meeting is to be conducted within____________ months.

    (a)

    Twelve

    (b)

    Fifteen

    (c)

    Eighteen

    (d)

    Twenty one

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