WorksheetsBST XI Supplementary Exam 2020
Total questions: 50
Worksheet time: 25mins
Name
Class
Date
1.
Reliance Industries Limited is a
a)
Joint Venture
b)
Private Enterprise
c)
Public Enterprise
d)
Foreign Enterprise
2.
Indian Oil Corporation Limited is a
a)
Statutory Corporation
b)
Departmental undertaking
c)
Government Company
d)
Private Company
3.
Which of the following is not the form of Private Enterprises?
a)
Sole Proprietorship
b)
Departmental undertaking
c)
Partnership
d)
Joint Stock Company
4.
Indian Railways is the example of ______________ form of public enterprises.
a)
Departmental Undertakings
b)
Public Corporations
c)
Govt. Company
5.
‘Food Corporation of India” is the example of ________________ form of public enterprises
a)
Departmental Undertakings
b)
Public Corporations
c)
Govt. Company
d)
None of the above
6.
Disinvestment of Public Sector Eenterprise implies:
a)
Sale of equity shares to the Private Sector
b)
Closing down operations
c)
Investing in new areas
d)
Buying shares PSEs
7.
Reconstruction of sick public units is taken up by
a)
MOFA
b)
MoU
c)
BIFR
d)
NRF
8.
These public enterprises are owned by the public and are accountable to the public through the .............
a)
Supreme court
b)
President
c)
Parliament
d)
Prime minister
9.
Indian economy consists of both privately owned and government owned business enterprises, it is known as a ...................
a)
Joint economy
b)
Joint Venture
c)
PPP
d)
Mixed economy
10.
Which of the following is not an Indian MNC?
a)
Ranbaxy
b)
Infosys
c)
Brook Bond
d)
Asian Paints
11.
There is no maximum limit of sum assured for ____________ insurance
a)
fire
b)
marine
c)
life
12.
What is the maximum limit of period of insurance for the general insurance
a)
1 year
b)
5 year
c)
10 year
d)
no limit
13.
A doctor can operate only on the condition that the patient is ready to take his services. It is the example on this point of nature of business services
a)
Non-stocking
b)
Non-transferability
c)
Simultaneity
d)
Customar Participation
14.
Which bank is known as “Apex Bank” of India?
a)
State bank of India
b)
Reserve Bank of India
c)
Central Bank
d)
Bank of India
15.
Which type of function of bank is “Accepting deposit”?
a)
Primary function
b)
Secondary function
c)
Social function
d)
None of this
16.
The fee charged by the insurer on account of providing services is called
a)
Profit
b)
Dividend
c)
non-occurrence of loss
d)
Installment
17.
Which of the following is not covered under general insurance?
a)
Life insurance
b)
Fire insurance
c)
Theft insurance
d)
Marine insurance
18.
In case of life insurance, presence of insurable interest is required at the time of
a)
Taking insurance policy as well as the of occurrence of loss
b)
Taking insurance policy
c)
non-uccurrence of loss
d)
none of the above
19.
A person gets his stock worth Rs. 50,000 insured for Rs. 70,000. If fire occurs and the whole stock gets damaged the insurance company will pay him only Rs. 50,000, the actual value of his stock and not Rs. 70,000. Which principle of insurance is applied in this case:
a)
Principle of contribution
b)
Principle of subrogation
c)
Principle of indemnity
d)
Principle of insurable interest
20.
A person gets an insurance policy for Rs. 50,00,000 on his house from the New India Assurance Company. The company consider it to be an excessive risk coverage and it gets an insurance policy on the same house from the National Insurance Company for Rs. 30,00,000. Which type of insurance example is this:
a)
Double Insurance
b)
Re-insurance
21.
The assurance is used for
a)
Life insurance
b)
Fire insurance
c)
Marine insurance
d)
Theft insurance
22.
Which of the following is not included in electronic service:
a)
correspondence
b)
fax
c)
internet
d)
email
23.
Social responsibility is
a)
Same as legal responsibility
b)
Broader than legal responsibility
c)
Narrower than legal responsibility
d)
None of them
24.
If business is to operate in a society which is full of diverse and complicated problems, it may have
a)
Little chance of success
b)
Great chance of success
c)
Little chance of failure
d)
No relation with success or failure
25.
The partner who neither invests money nor has a share in the profit and loss and also has no role in the administration of the firm is known as
a)
Nominal Partner
b)
Partner by Holding out
c)
Limited Partner
d)
Minor Partner
26.
Environmental protection can best be done by the efforts of
a)
Business people
b)
Scientists
c)
Government
d)
All the people
27.
Carbon monoxide emitted by automobiles directly contributes to
a)
Water pollution
b)
Noise pollution
c)
Land pollution
d)
Air Pollution
28.
Which of the following is capable of doing maximum good to society?
a)
Business success
b)
Laws and regulations
c)
Ethics
d)
Professional management
29.
Ethics is important for
a)
Top management
b)
Middle-level managers
c)
Non-managerial employees
d)
All of them
30.
Which of the following statements is not true:
a)
The sole aim of business is to earn profit by fair or foul means
b)
There is a strong case for business to fulfil its social obligations
c)
Ethics is good business
d)
Black marketing of goods is an unethical practice
31.
The maximum number of members in a private company is
a)
150
b)
300
c)
100
d)
200
32.
e-commerce does not include
a)
A business’s interactions with its suppliers
b)
A business’s interactions with its customers
c)
Interactions among the various departments within the business
d)
Interactions among the geographically dispersed units of the business
33.
The structure in which there is separation of ownership and management is called
a)
Sole Proprietorship
b)
Co-operative Society
c)
Partnership
d)
Company
34.
A Call Centre handles
a)
Only in-bound voice based business
b)
Only out-bound voice based business
c)
Both voice based and non-voice based business
d)
Both customer facing and back-end business
35.
It is not an application of e-business
a)
Online bidding
b)
Online procurement
c)
Online trading
d)
Contract R&D
36.
Credit or Debit cards are popularly know as _______ money
a)
paper
b)
plastic
c)
polumer
d)
metal
37.
The transactions under _______ are between business firms and consumers.
a)
B2B
b)
B2C
c)
C2C
d)
C2B
38.
Identify the economic activity in the following:
a)
serving his old aged parents
b)
teaching in a school
c)
gardening in own garden
d)
teaching his own son or daughter
39.
Identify the non-economic activity in the following:
a)
working in company as finance manager
b)
teaching in a school
c)
gardening in an institution
d)
preparing food for the family
40.
Identify the occupation in which people work for other and get remunerated:
a)
Business
b)
Employment
c)
Profession
d)
Social Service
41.
Which profession is related to ICAI?
a)
Teacher
b)
Doctor
c)
Lawyer
d)
Chartered Accountants
42.
Which category of business activity is concerned with production or processing of goods and material?
a)
Trade
b)
Industry
c)
Commerce
d)
Auxiliaries to trade
43.
Which economic activity is connected with “Conversion of useful resources into useful products”
a)
Trade
b)
Industry
c)
Commerce
d)
Auxiliaries to trade
44.
Breeding of plants, the seeds and nursery companies, activities of cattle-breeding farms, poultry farms, and fish hatchery come under the class of
a)
Genetic Industry
b)
Extractive Industry
c)
Manufacturing Industry
d)
Construction Industry
45.
When goods are purchased and sold in bulk, it is known as
a)
retail trade
b)
wholesale trade
c)
internal trade
d)
external trade
46.
When goods are imported for export to other countries, it is called
a)
enterpot trade
b)
wholesale trade
c)
import trade
d)
export trade
47.
The hindrance of person is removed by:
a)
commerce
b)
industry
c)
trade
d)
auxiliaries to trade
48.
Production of sugar from sugar cane is related to:
a)
Analytical Industry
b)
Synthetic Industry
c)
Process Industry
d)
Assembling Industry
49.
The cooperative societies are compulsorily required to be registered under:
a)
The partnership act, 1932
b)
The Companies act, 2013
c)
The cooperative societies act,
1912
d)
The Indian contract act, 1872
50.
Which of the following statement is true:
a)
It is compulsory to get a
partnership firm registered
b)
The liability of a partner in
a partnership firm is limited to the extent of his share
c)
An unregistered firm cannot be
sued by a third party
d)
Every partner is both
principal and agent of the firm
100 %
