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Worksheets

11 GSEB BO 1 TO 5 [BOYS]

Total questions: 55

Worksheet time: 28mins

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 maximisation of wealth of business connected?

a)

Manager

b)

Employee

c)

Owner

d)

Customer

6.

partnership created for doing business with time limit means......

a)

firm with limited liability

b)

voluntary partnership

c)

in active partnership firm

d)

partnership firm with time limit

7.

What is the reward of employment?

a)

Salary

b)

Fees

c)

Profit

d)

Capital

8.

What type of activity is trade?

a)

Economic

b)

Non-Economic

c)

Religious

d)

Social

9.

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

a)

Trade

b)

Auxiliary Service

c)

Commerece

d)

Industry

10.

Which types of industries are agriculture, animal-husbandry, and fisheries?

a)

Primary

b)

Secondary

c)

Tertiary

d)

Capital Intensive

11.

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

12.

Selling sunglasses in summer is an example of _____________ utility.

a)

Time

b)

Form

c)

Place

d)

material

13.

A wooden furniture maker makes a chair and creates __________ utility.

a)

Time

b)

Form

c)

Place

d)

Space

14.

Which of the following is a man-made risk?

a)

Change in technology

b)

Political instability

c)

Change in preference

d)

All of these

15.

Which of the following person needs to obey the established code of conduct of the association?

a)

Businessman

b)

Employee

c)

Professional

d)

All of these

16.

How old is the Lloyd’s corporation?

a)

325 years

b)

327 years

c)

323 years

d)

326 years

17.

Which godown will for sure be located near the sea-port?

a)

Private Godown

b)

Specific Godown

c)

Bonded Godown

d)

All of these

18.

Which godown can be considered as a blessing for re-export?

a)

Bonded

b)

General

c)

Specific

d)

Private

19.

When a person withdraws more money than available in his account without giving any security we say he has used the facility of _____________

a)

Overdraft

b)

Letter of Credit

c)

Cash-Credit

d)

Demat

20.

A document provided by the bank stating the financial soundness of its customer is called_____

a)

Letter of credit

b)

Solvency certificate

c)

Guarantor certificate

d)

Capability record

21.

Which currency exists only in cyber space?

a)

Credit Card

b)

Digital Cash

c)

Cheque

d)

C.O.D

22.

In HUF firm , ________________ has/have unlimited liability.

a)

Karta

b)

All members

c)

All Adult Members

d)

The entire family

23.

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

24.

Which type of insurance is ancient and widely prevalent?

a)

Good Transit Insurance

b)

Marine Insurance

c)

Air Insurance  

d)

Rail/Road Insurance

25.

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

a)

25%

b)

49%

c)

74%

d)

100%

26.

How much amount is paid for Kisan Vikas Patra on maturity?

a)

Double         

b)

Triple

c)

Four Times

d)

Five Times

27.

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

a)

Goods transport Insurance

b)

Marine Industries

c)

Air Insurance

d)

Rail/Road Insurance

28.

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

29.

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

a)

Saving A/C

b)

Current A/C

c)

Recurring A/C

d)

Fixed-Deposit A/C

30.

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

a)

Saving A/C

b)

Current A/C

c)

Recurring A/C

d)

Fixed-Deposit A/C

31.

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

a)

Current A/C

b)

Fixed-Deposit A/C

c)

Recurring A/C

d)

Saving A/C

32.

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

33.

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

a)

Pay Order

b)

Cash Credit

c)

Demand Draft

d)

Overdraft

34.

What type of cheque is used by the bank to repay its debt?

a)

Travelers’ cheque

b)

Pay-order      

c)

Demand draft

d)

Cash credit

35.

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

a)

Demand draft

b)

Cheque           

c)

Pay-order

d)

Travellers’ cheque

36.

Minimum how much amount can be transferred through RTGS?

a)

Any amount

b)

2 Lakh

c)

5 Lakh

d)

50,000

37.

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

a)

NEFT

b)

RTGS

c)

Core Banking

d)

Call Money

38.

How do the banks transact with one another to solve the problems of fund/money occurring at certain time?

a)

Call Money

b)

Pay - Order

c)

Overdraft

d)

Cash Credit

39.

Minimum how much amount can be transferred in NEFT?

a)

Any Amount

b)

2 Lakh

c)

5 Lakh

d)

50,000

40.

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

41.

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

a)

Business to Customer

b)

Business to Business   

c)

Customer to Customer

d)

Business to Customer

42.

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

a)

Enterprise WAN

b)

LAN

c)

WAN

d)

CAN

43.

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

44.

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

45.

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

46.

The commercial transaction and distribution which is done with the help of Electronic machine and medium known as……….

a)

Intranet           

b)

E-commerce

c)

E-mail

d)

Internet

47.

What is known as the ‘super highway’ of the information?

a)

Internet service

b)

Banking service

c)

E-Commerce   

d)

Outsourcing

48.

Which is the oldest form of business enterprise?

a)

Sole Proprietorship

b)

Partnership

c)

Co-operative Society  

d)

Company

49.

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

a)

Joint Enterprise

b)

Government Company

c)

Co-op. Society

d)

Sole Proprietor

50.

The firm of Hindu Undivided Family is managed by whom?

a)

Owner

b)

Karta

c)

Manger

d)

Partner

51.

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

52.

. When did the Indian Partnership Act came in to existence?

a)

1932

b)

1956

c)

1960

d)

2013

53.

What is minimum number of partner in partnership firm?

a)

2

b)

3

c)

5

d)

7

54.

What is maximum number of member in a Partnership firm?

a)

20

b)

30

c)

15

d)

50

55.

According to Indian Partnership Act the registration of Partnership firm is ……….

a)

Compulsory

b)

Not Compulsory

c)

Not essential firm

d)

Not in the interest of firm