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11th GSEB BO Ch : 1 to 5 Batch - 1

Total questions: 40

Worksheet time: 20mins

Name
Class
Date
1.

What is the objective of economic activity?

a)

Service

b)

Financial Return

c)

Love

d)

Emotion

2.

What is necessary to continue the business?

a)

Non-economic activity

b)

Service to country

c)

Profit

d)

Re-export

3.

Which is the yard stick for the efficiency of business?

a)

Profit

b)

Management

c)

Production

d)

Sales

4.

Which utility is created when finished goods are manufactured from the raw material ?

a)

Place

b)

Time

c)

Economic

d)

Form

5.

With what is the objective of benefit of maximization of wealth of business connected?

a)

Manager

b)

Employee

c)

Owner

d)

Customer

6.

What is the reward of employment?

a)

Salary

b)

Fees

c)

Profit

d)

Capital

7.

What type of activity is trade?

a)

Economic

b)

Non-economic

c)

Religious

d)

Social

8.

What is meant by production by adding utility to the natural wealth?

a)

Trade

b)

Auxiliary services

c)

Commerce

d)

Industry

9.

Which types of industries are agriculture, animal-husbandary, fisheries?

a)

Primary

b)

Secondary

c)

Tertiary

d)

Capital intensive

10.

Which type of economic activity is performed by a government servant getting salary in return of his work?

a)

Business

b)

Profession

c)

Employment

d)

Commerce

11.

Which of the following principle is not an insurance principle?

a)

Principle of Utmost good Faith

b)

Principle of Indemnity

c)

Principle of Insurable Interest

d)

Principle of Profit

12.

How much can Foreign Insurance Companies invest in Indian insurance companies?

a)

25 %

b)

49 %

c)

74 %

d)

100 %

13.

Which types of Insurance is ancient and widely prevalent?

a)

Goods Transit Insurance

b)

Marine Insurance

c)

Air Insurance

d)

Rail/Road Insurance

14.

In which types of money order services, money does not reach to the doorstep of the receiver?

a)

Ordinary Money Order

b)

Instant Money Order (IMO)

c)

E-Money Order

d)

Special Money Order

15.

In Which kind of account generally interest is not paid on the deposit?

a)

Savings account

b)

Current account

c)

Recurring account

d)

Fixed deposit account

16.

In which kind of account, it is compulsory to deposit certain amount at certain time?

a)

Savings account

b)

Current account

c)

Recurring account

d)

Fixed deposit account

17.

In which kind of account the bank gives maximum rate of interest on the deposited amount?

a)

Current account

b)

Fixed deposit account

c)

Recurring account

d)

Savings account

18.

What is the name of the central bank (Monetary Authority) of India?

a)

State Bank of India

b)

Central Bank of India

c)

Reserve Bank of India

d)

Bank of India

19.

What is the facility of overdraft for the certain period is called?

a)

Pay Order

b)

Cash credit

c)

Demand draft

d)

Over draft

20.

Which facility of bank can be used against the risk of cash in travelling?

a)

Demand draft

b)

Cheque

c)

Pay-order

d)

Traveller's cheque

21.

Minimum how much amount can be transferred through RTGS?

a)

Any amount

b)

2 lakh

c)

5 lakh

d)

50,000

22.

In which kind of transaction the central bank transacts as per Batch?

a)

NEFT

b)

RTGS

c)

CORE Banking

d)

Call Money

23.

Minimum how much amount can be transferred in NEFT?

a)

Any amount

b)

2 lakh

c)

5 lakh

d)

50,000

24.

Which card is issued to the customer by the bank on the basis of his credit?

a)

Debit card

b)

Credit card

c)

Letter of credit

d)

Demand draft

25.

The Railway tickets are available from any place: Which network facilitates this?

a)

Enterprise WAN

b)

LAN

c)

MAN

d)

CAN

26.

The Business units allot their works to the outside institution that is known as :

a)

E-Commerce

b)

Outsourcing

c)

E-mail

d)

Net-banking

27.

The process by which the whole process of understanding is created in the mind of the other person is known as ?

a)

Message

b)

Communication

c)

E-mail

d)

E-Commerce

28.

To type the message on computer screen and communicate with the help of computer by the medium of internet; this activity is known as

a)

E-Commerce

b)

Fax

c)

Intranet

d)

E-mail

29.

What is known as the 'super highway' of the information?

a)

Internet service

b)

Banking service

c)

E-Commerce

d)

Outsourcing

30.

Which is the oldest form of Business enterprise?

a)

Sole Proprietorship

b)

Partnership

c)

Co-operative Society

d)

Company

31.

In which form the owner, establisher and manager is only one?

a)

Joint Enterprise

b)

Government Company

c)

Co-op. Society

d)

Sole Proprietor

32.

The firm of Hindu Undivided Family is manged by whom?

a)

Owner

b)

Karta

c)

Manager

d)

Partner

33.

In the firm of Hindu Undivided Family, how one gets the membership?

a)

By Agreement

b)

By Birth

c)

By Investing Capital

d)

By Managing

34.

When did the Indian Partnership Act came in to existance?

a)

1932

b)

1956

c)

1960

d)

2013

35.

What is the minimum number of partner in Partnership firm?

a)

2

b)

3

c)

5

d)

7

36.

What is the maximum number of members in a partnership firm at present?

a)

20

b)

30

c)

15

d)

50

37.

According to Indian Partnership Act the Registration of Partnership firm is ............

a)

Compulsory

b)

Not compulsory

c)

Not essential for interest

d)

Not in the interest of firm

38.

Partnership created for doing Business with time limit means ..........

a)

Firm with limited liability

b)

Voluntary Partnership

c)

Inactive

Partnership firm

d)

Partnership firm with time limit

39.

By which process the customer is provided the facility of purchase and sale by the bid of the production?

a)

Business to Customer

b)

Business to Business

c)

Customer to Customer

d)

Business to Customer

40.

Which types of Insurance involves highest risk, out of the following?

a)

Goods transport Insurance

b)

Marine Insurance

c)

Air Insurance

d)

Rail/Raod Insurance