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Business studies Class XI Quiz-5

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The industries which provide support services to other industries are known as:

a)

Primary industries

b)

Secondary industries

c)

Commercial industries

d)

Tertiary industries

2.

A business firm in India buy toys from China to sell it to Nepal. Identify the type of trading activity mentioned above?

a)

Entrepot

b)

Export

c)

Import

d)

Retail trade

3.

Name the auxiliary to trade which removes the hindrance of time:

a)

Warehousing

b)

Trade

c)

Transportation.

d)

Banking

4.

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:

a)

Partnership

b)

Sole proprietorship

c)

Joint Hindu family business

d)

Cooperative society

5.

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.

a)

Both A and R are true. R is the correct explanation of A

b)

Both A and R are true, but R is not the correct explanation of A

c)

A is correct, but R is incorrect

d)

A is incorrect, but R is correct

6.

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?

a)

Active Partner

b)

Sleeping Partner

c)

Secret Partner

d)

Partner by Estoppel

7.

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?

a)

Departmental undertaking

b)

Statutory corporation

c)

Government company

d)

Cooperatives

8.

Stages in the formation of a public company are in the following order

a)

Capital Subscription, Promotion, Incorporation, Commencement of Business

b)

Incorporation, Capital of Business, Capital Subscription Commencement of Business, Promotion

c)

Promotion, Incorporation, capital subscription, commencement of business

d)

Promotion, commencement of business

9.

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?

a)

AIG Ltd- 200,000, Shreekrishnan General Insurance-200,000

b)

AIG Ltd- 100,000, Shreekrishnan General Insurance-300,000

c)

AIG Ltd- 300,000, Shreekrishnan General Insurance-100,000

d)

AIG Ltd- 280,000, Shreekrishnan General Insurance-120,000

10.

........ 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.

a)

Cash credit

b)

Term loan

c)

Bank overdraft

d)

Consumer credit

11.

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:

a)

B2B commerce

b)

B2C commerce

c)

C2C commerce

d)

Intra B commerce

12.

Complaint lodged by a customer at the company's call centre is a type of ________ of e-business transaction

a)

C2B Commerce

b)

B2C Commerce

c)

Intra B Commerce

d)

C2C Commerce

13.

Based on the following picture, identify towards which stakeholder is the business enterprise not showing a socially responsible behaviour?

a)

Government

b)

Employees

c)

Consumers

d)

Owners

14.

Which one of the following is not the feature of preference shares:

a)

Provides fixed rate of return

b)

Provides voting rights

c)

Get Preference over equity shares

d)

Part of owner's capital

15.

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

a)

Trade credit.

b)

Public deposits

c)

Inter-corporate deposits

d)

Retained earnings

16.

A----------includes shape, pattern and arrangement of lines or colour combination that is applied to any article

a)

Trade mark

b)

copy right

c)

patent

d)

Design

17.

The International business as it exists today is to a great extent the result of----

a)

Language specialization

b)

Geographical specialization

c)

Cultural differences

d)

Custom practices

18.

Identify the alternative which is not the objective of World Trade Organization.

a)

to ensure reduction of tariffs and other trade barriers imposed by different countries.

b)

To facilitate the optimal use of the world's resources for sustainable development.

c)

To promote an integrated and more viable and durable trading system.

d)

To promote an orderly international monetary system

19.

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)

(a)i-D, ii-C, iii- A, iv- B

b)

(b)i-B, ii-C, iii- A, iv- D

c)

(c)i-C, ii-A, iii- D, iv- B

d)

(d)i-C, ii-D, iii- A, iv- B

20.

Match the following with the appropriate type of enterprise:

a)

(a) i-A,ii-C,iii-D,iv-

b)

B (b) i-A,ii-D,iii-B,iv-C

c)

(c) i-D,ii-C,iii-B,iv-

d)

A (d) i-D,ii-B,iii-C,iv-A