Business studies Class XI Quiz-3

Which of the following partners contribute capital to the business but does not take part in any activities of the business?

• Sleeping Partner

• Secret Partner

• Nominal Partner

• All of the above

Dharmendra Industries started a new glass manufacturing factory. For this purpose, it purchased hi-tech machinery from France worth Rs 5 crore and an additional purchase of pollution control instruments for Rs. 1 crore. Identify the category under which Dharmendra Industries can be classified?

• Micro enterprise

• Small enterprise

• Medium enterprise

• Cottage enterprise

A company abides by the new regulations regarding payment of taxes in India. It is performing its social responsibility towards the

• Consumers

• Citizens

• Government

• Community

Which of the following does not fall within the category of owner's fund?

• Debentures

• Retained earnings

• Equity shares

• All of the above

In which type of account if the deposit exceeds a particular limit, it is converted into fixed account?

• Forex Account

• Recurring Deposit Account

• Multiple Option Deposit Account

• Current Deposit Account

Which of the following statements is/are not true about Scheme of Fund for Regeneration of Traditional Industries (SFURTI)?

• Statement 1: This fund was set up to make the traditional industries more productive and competitive and to facilitate their sustainable development

• Statement 2: The fund has to be implemented by the Ministry of Corporate affairs

• Statement 3: The Central Government set up this fund with Rs. 100 crore allocation to begin within the year 2005

• Statement 4: One of its aim was to develop clusters of traditional industries in various parts of the country

Which of the following is/are the feature/s of retail trade?

• Sells goods and services directly to the customer

• Maintains personal relations with customers

• Last link of the distribution channel

• All of the above

In Global enterprises, centralized control is exercised by and limited to.

• Branches, raise funds from various sources

• Government, day-to-day operations

• Host country, sales promotion

• Headquarters, framing of policies

Mr Chandresh is a well-known lawyer of the Supreme Court. On weekends, he attends a nearby village and helps those people to file cases in various courts with respect to any issues they are facing in the area. What type of human activity can be seen here?

• Economic

• non economic

• Both economic and Non economic

• None of these

Shyamlal, a porter, who is famous throughout his village for making artistic pots. He also taught this art to his children. Now, his entire family is engaged in the business of making and selling pots. What type of industry is this?

• Cottage Industry

• Village industry

• Agro industry

• Both cottage and village industry