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Business Studies M.C.Q (1 Marks)

Model Paper 4 · CBSE STD 11 Commerce (CBSE - English Medium). 20 questions.

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M.C.Q (1 Marks)

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20 questions · timed · auto-graded

MCQ 11 Mark
What is the full form for MOFA?
  • A
    Ministry of Foreign Affairs
  • B
    Ministry of Financial Affairs
  • C
    Majority owned Financial Affairs
  • D
    Majority owned Financial Affairs
Answer
(d) Majority owned Foreign Affiliates
Explanation:
The full form of MOFA is Majority owned Foreign Affiliates
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MCQ 21 Mark
Which of the following is incorrect regarding the types of manufacturing enterprises?
  • A
    In a Small enterprise investment in plant and machinery is more than twenty- five lakh rupees does exceed five crore rupees.
  • B
    In a Microenterprise investment in plant and machinery does not exceed twenty-five lakh rupees.
  • C
    In a medium enterprise investment in plant and machinery is more than five crore rupees but does not exceed ten crores rupees.
  • D
    In a Small enterprise investment in plant and machinery is more than twenty- five lakh rupees but does not exceed three crore rupees.
Answer
(d) In a Small enterprise investment in plant and machinery is more than twenty-five lakh rupees but does not exceed three crore rupees.
Explanation:
In a Small enterprise investment in plant and machinery can be more than twenty-five lakh rupees but does not exceed five crore rupees.
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MCQ 31 Mark
The word marketing standing is concerned with ________.
  • A
    position of an enterprise
  • B
    competitors
  • C
    supply of the product
  • D
    customers
Answer
(a) position of an enterprise
Explanation:
The percentage of total sales for a product in a particular market that business accounts for is the market standing for that company. The word marketing standing is concerned with the Position of an enterprise.
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MCQ 41 Mark
Which of the following is part of small scale sector?
  • A
    Paper Products and Printing
  • B
    Food Products
  • C
    All of these
  • D
    Cotton Textiles
Answer
(c) All of these
Explanation:
Food products, cotton textiles, paper products, and printing are part of the small scale sector.
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MCQ 51 Mark
Assertion(A): Bank Draft is also called Demand draft.
Reason(R): They are repayable on demand.
  • A
    Both A and R are true and 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 true but R is false.
  • D
    A is false but R is true.
Answer
(a) Both A and R are true and R is the correct explanation of A.
Explanation:
Since Bank drafts are repayable on demand they are called Demand Draft.
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MCQ 61 Mark
Which of the following is a responsibility of a business towards the workers?
  • A
    Providing opportunities to the workers for meaningful work
  • B
    All of these
  • C
    Right kind of working conditions
  • D
    Fair wages
Answer
(b) All of these
Explanation:
Responsibilities towards employees are: to provide fair wages, to provide healthy working conditions, to provide them with opportunities for promotion and development.
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MCQ 71 Mark
What do you mean by an entrepreneur ?
  • A
    Job-hunter
  • B
    Job-seeker
  • C
    Job creator
  • D
    Job-applicant
Answer
(c) Job creator
Explanation:
An entrepreneur is a Job creator and not a job seeker or hunter.
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MCQ 81 Mark
Amul, which is a Gujarat based organisation is an example of which form of business organization?
  • A
    Co-operative Society
  • B
    Joint Stock Company
  • C
    Joint Hindu Family Business
  • D
    Partnership
Answer
(a) Co-operative Society
Explanation:
Amul is an example of Co-operative Society
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MCQ 91 Mark
Identify fixed shop retailers from the following?
  • A
    Market traders
  • B
    Cheap jacks
  • C
    Speciality shops
  • D
    Pavement vendors
Answer
(c) Speciality shops
Explanation:
There are many types of fixed shop retailers. They are street stallholders, Second-hand goods shops, Specialty shops; and General stores, second shops, single-line stores, departmental stores, chain stores, mail order business.
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MCQ 101 Mark
Full form of GST is-
  • A
    Goods and Services Tax
  • B
    Government and State Tax
  • C
    Goods and State Tax
  • D
    Government and Services Tax
Answer
(a) Goods and Services Tax
Explanation:
The goods and services tax (GST) is a tax that is paid o goods and services with all terms and conditions.
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MCQ 111 Mark
Assertion (A): The principle of one man one vote governs the cooperative society.
Reason (R): Irrespective of the amount of capital contribution by a member, each member is entitled to equal voting rights.
  • A
    Both A and R are true and 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 true but R is false.
  • D
    A is false but R is true.
Answer
(a) Both A and R are true and R is the correct explanation of A.
Explanation:
Cooperative Societies follow the principle of "One Man, One Vote" i.e. all members have equal voting rights irrespective of the amount of capital contribution.
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MCQ 121 Mark
Which of the following statements is true regarding preference shares?
A. Preference shares provide an unsteady income in the form of a flexible rate of return.
B. Preference shares are preferably for investors with a high-risk appetite.
C. Preference shareholders have voting rights.
D. Preference shareholders enjoy a preferential position over equity shareholders.
  • A
    Only A is true
  • B
    Only C is true
  • C
    Only D is true
  • D
    Only B is true
Answer
(c) Only D is true
Explanation:
Preference shares are the shares that carry preferential rights on the matters of payment of dividend and repayment of capital.
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MCQ 131 Mark
ISO 9000 is concerned with:
  • A
    quality
  • B
    quantity
  • C
    export
  • D
    import
Answer
(a) quality
Explanation:
ISO 9000 is concerned with quality.
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MCQ 141 Mark
Which of the following comes under the public sector?
  • A
    Government companies
  • B
    All of these
  • C
    Departmental undertakings
  • D
    Statutory corporation
Answer
(b) All of these
Explanation:
The different types of public sector enterprises are as follows: Departmental undertakings, Statutory corporations, a Government company.
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MCQ 151 Mark
________ is very much reality which provides the consumers with the freedom of shopping at-will.
  • A
    C2C commerce
  • B
    B2B commerce
  • C
    C2B commerce
  • D
    B2C commerce
Answer
(c) C2B commerce
Explanation:
C2B commerce is very much a reality which provides the consumers with the freedom of shopping-at-will
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MCQ 161 Mark
Any industry located in a rural area which produces any goods renders any service with or without the use of power is known as ________.
  • A
    city industry
  • B
    district industry
  • C
    town industry
  • D
    village industry
Answer
(d) village industry
Explanation:
Village Industry has been defined as any industry located in a rural area which produces any goods, renders any service with or without the use of power.
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MCQ 171 Mark
Which of the following is not a feature of Indian Malls?
  • A
    24 $\times$ 7 shopping
  • B
    Wide Range of products
  • C
    Different ownership
  • D
    Large in size
Answer
(a) 24 x 7 shopping
Explanation:
Indian Malls does not provide 24 x 7 Shopping.
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MCQ 181 Mark
Who heads a Departmental Undertaking?
  • A
    Shareholders
  • B
    IAS and Civil Servants
  • C
    Ministry concerned
  • D
    Politicians
Answer
(b) IAS and Civil Servants
Explanation:
Departmental undertakings are headed by IAS and Civil Servants.
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MCQ 191 Mark
Expand EOUS
  • A
    Essential Order Units
  • B
    Export Order Units
  • C
    Essential Operating Units
  • D
    Export Oriented Units
Answer
(d) Export Oriented Units
Explanation:
The small scale industry can enjoy the status of an export-oriented unit if it exports more than 50 per cent of its production.
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MCQ 201 Mark
When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as ________. It brings in people with different cultures to work together. It also gives access to better resources like specialized staff and technology.
  • A
    contract manufacturing
  • B
    franchising
  • C
    joint ventures
  • D
    licensing
Answer
(c) joint ventures
Explanation:
A joint venture is a commercial enterprise undertaken jointly by two or more parties which otherwise retain their distinct identities.
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M.C.Q (1 Marks) - Business Studies STD 11 Commerce Questions - Vidyadip