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WorksheetsBusiness studies Class XI Quiz-5
Total questions: 20
Worksheet time: 10mins
The industries which provide support services to other industries are known as:
Primary industries
Secondary industries
Commercial industries
Tertiary industries
A business firm in India buy toys from China to sell it to Nepal. Identify the type of trading activity mentioned above?
Entrepot
Export
Import
Retail trade
Name the auxiliary to trade which removes the hindrance of time:
Warehousing
Trade
Transportation.
Banking
Satish lost his job during the Covid-19 pandemic now he wants to start a business of his own in his hometown, Satish had limited finance available with him and he does not want many legal formalities to start a business, suggest Satish which forms of business organisation he should go for:
Partnership
Sole proprietorship
Joint Hindu family business
Cooperative society
Assertion (A) In a partnership firm the liability of all the partners is unlimited. Reason (R) The partners are individually as well as jointly responsible for paying off business debts.
Both A and R are true. R is the correct explanation of A
Both A and R are true, but R is not the correct explanation of A
A is correct, but R is incorrect
A is incorrect, but R is correct
Ramesh is presenting himself as a partner of ABC Associates through his conduct or behaviour. Clients dealing with the firm accept him as a partner due to his self-acclaimed attitude of being a partner of the firm. Which type of partner Mr. Ramesh is referred to in the above case?
Active Partner
Sleeping Partner
Secret Partner
Partner by Estoppel
The funding of which of the following enterprises comes directly from the government treasury, is under an annual appropriation from the budget of the government, and the revenue earned by it is also paid into the treasury?
Departmental undertaking
Statutory corporation
Government company
Cooperatives
Stages in the formation of a public company are in the following order
Capital Subscription, Promotion, Incorporation, Commencement of Business
Incorporation, Capital of Business, Capital Subscription Commencement of Business, Promotion
Promotion, Incorporation, capital subscription, commencement of business
Promotion, commencement of business
Janaklal insured his property with two insurers, AIG Ltd. for Rs 200,000 and Shreekrishnan General Insurance for Rs. 600,000. His loss of property actually was for Rs. 400,000. What amount he can claim from both the insurers?
AIG Ltd- 200,000, Shreekrishnan General Insurance-200,000
AIG Ltd- 100,000, Shreekrishnan General Insurance-300,000
AIG Ltd- 300,000, Shreekrishnan General Insurance-100,000
AIG Ltd- 280,000, Shreekrishnan General Insurance-120,000
........ is a temporary arrangement under which a depositor is allowed to draw by cheque more than the amount available to his credit up to a specified limit.
Cash credit
Term loan
Bank overdraft
Consumer credit
Quick Services is a famous corporate group working in IT sector. The company provides IT services globally. It has various departments to manage its affairs like, production, sales, finance, human resources, etc. In order to ensure that there is complete interaction among these departments, the company has developed its own Internet network It not only leads to better coordination among departments but permits well informed and faster decision, speedier work flows. The employees of the company use Internet to conduct meetings, recruit and select the employees online via video conferencing. Name the type of e-Commerce transaction referred above:
B2B commerce
B2C commerce
C2C commerce
Intra B commerce
Complaint lodged by a customer at the company's call centre is a type of ________ of e-business transaction
C2B Commerce
B2C Commerce
Intra B Commerce
C2C Commerce
Based on the following picture, identify towards which stakeholder is the business enterprise not showing a socially responsible behaviour?
Government
Employees
Consumers
Owners
Which one of the following is not the feature of preference shares:
Provides fixed rate of return
Provides voting rights
Get Preference over equity shares
Part of owner's capital
Mala Foods Ltd., generally does not distribute all its earnings amongst the shareholders as dividends It always retains a portion of the net earnings for use in the future as a source of finance. It becomes a source of internal financing for the company. The portion of profit available for it, depends on many factors like net profits, dividend policy and size of the organisation. Name the source of finance used by the company
Trade credit.
Public deposits
Inter-corporate deposits
Retained earnings
A----------includes shape, pattern and arrangement of lines or colour combination that is applied to any article
Trade mark
copy right
patent
Design
The International business as it exists today is to a great extent the result of----
Language specialization
Geographical specialization
Cultural differences
Custom practices
Identify the alternative which is not the objective of World Trade Organization.
to ensure reduction of tariffs and other trade barriers imposed by different countries.
To facilitate the optimal use of the world's resources for sustainable development.
To promote an integrated and more viable and durable trading system.
To promote an orderly international monetary system
Suresh Chand and Sons owns a handicraft business. They want to
be acquainted with online payment mechanism system. Guide them
by matching the following options:
(a)i-D, ii-C, iii- A, iv- B
(b)i-B, ii-C, iii- A, iv- D
(c)i-C, ii-A, iii- D, iv- B
(d)i-C, ii-D, iii- A, iv- B
Match the following with the appropriate type of enterprise:
(a) i-A,ii-C,iii-D,iv-
B (b) i-A,ii-D,iii-B,iv-C
(c) i-D,ii-C,iii-B,iv-
A (d) i-D,ii-B,iii-C,iv-A
