WorksheetsCLASS 11 MCQ
Total questions: 20
Worksheet time: 34mins
Funding for Departmental Undertakings comes from which of the following sources:
Shares
Debentures
Government Treasury
Loans from Financial Institutions
A partner who does not take part in the day to day activities of the business but contribute capital is known as:
Secret Partner
Sleeping Partner
Nominal Partner
Partner by holding out
The eldest member of Joint Hindu Family shall become Karta. Which of the following is true about the Karta?
Only a male can become the Karta
Only a female can become the Karta
Both male or female can become the Karta
All are correct
Sole proprietorship form of business is best suited for which of the following businesses:
Large scale
Medium scale
Small scale
None of these
Is it compulsory for a partnership firm to get registered?
Yes
No
Depends on the nature of business
Depends on the size of the business
Membership in Joint Hindu Family Business occurs by which of the following modes:
Agreement
Birth
Marriage
None of these
The Liability of the members in case of a Joint Stock Company is ________________
Limited
Unlimited
Equal
None of these
A private company can commence its business after obtaining which of the following :
Licence
Certificate of Incorporation
Certificate of Commencement
All of the above
Which of the following is not a natural cause of business risks:
Earthquake
Flood
Famine
Strikes
What minimum percentage of the paid up capital should be held by the government in a Government Company?
51%
49%
75%
100%
Business activity involves dealing in goods and services on what basis?
Irregular basis
One time basis
Regular basis
None of these
Which among the following is not a feature of Global Enterprises:
Support huge financial
Enter into foreign collaborations
Decentralised control
Possess technological superiorities
Provision of residential accommodation to the members at reasonable rate is the objective of
Producer's co-operative society
Consumer's co-operative society
Housing co-operative society
Credit co-operative society
Profits do not have to be shared. This statement refers to
Partnership
Joint Hindu Family Business
Sole Proprietorship
Company
Among the following given activities, which one is not an economic activity:
Social Welfare
Trading in goods and services
Transportation services
Manufacturing of goods for sale
Cattle breeding farms, poultry farms and fish hatchery come under which industry?
Genetic Industry
Extractive industry
Manufacturing Industry
None of these
___________________ trade refers to the import of goods for the purpose of export.
Import
Export
Entrepot
All of the above
Which of the following is the main motive behind the formation of Co-operative Societies:
Profit earning
Service
Market Growth
Professional development
Public Sector Enterprises are organisations owned by
Joint Hindu Family
Government
Foreign Companies
Private entrepreneurs
The business assets of a firm amount to Rs 22,000 but the liabilities stand at Rs 47,000. What course of action can the creditors take if it is a sole proprietorship firm?
Creditors can settle their account only to the extent of business assets available i.e Rs 22,000
Besides using business assets of Rs 22,000, creditors can use the personal property of the owner to the extent of Rs. 25,000
Creditors can settle their account only the extent of owner's personal assets available
None of these
