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Business Studies M.C.Q (1 Marks)

Model Paper 5 · 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
A maximum investment that is required for equipment in Microenterprises which are engaged in rendering services is-
  • A
    ) 5 lakhs
  • B
    10 lakhs
  • C
    20 lakhs
  • D
    15 lakhs
Answer
(b) ₹ 10 lakhs
Explanation:
Maximum 10 lakhs investment is required in equipment by micro-enterprises.
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MCQ 21 Mark
Stages in the formation of a public company are in the following order:
A. Promotion, Incorporation, capital subscription, commencement of business
B. Incorporation, Capital of Business, Capital Subscription Commencement of Business, Promotion
C. Promotion, Commencement of business
D. Capital Subscription, Promotion, Incorporation, Commencement of Business
  • A
    D is correct
  • B
    C is correct
  • C
    B is correct
  • D
    A is correct
Answer
(d) A is correct
Explanation:
The formalities of the formation of a company can be divided into four distinct stages, which are:
i. Promotion
ii. Incorporation
iii. Subscription of capital
iv. Commencement of business.
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MCQ 31 Mark
Which of the broad categories of industries covers oil refinery and sugar mills?
  • A
    Service industry
  • B
    Secondary industry
  • C
    Tertiary industry
  • D
    Primary Industry
Answer
(b) Secondary industry
Explanation:
The secondary industry involves manufacturing products using raw materials from primary industries. The industry that converts the raw materials provided by primary industry into commodities and products for the consumer; manufacturing industry.
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MCQ 41 Mark
Limit of investment in small scale industry is ________.
  • A
    ten lakh
  • B
    five crore
  • C
    two crore
  • D
    ten crore
Answer
(d) ten crore
Explanation:
A small enterprise is an enterprise whose investment in plant, machinery and equipment does not exceed Rs.10 crore, and turnover does not exceed Rs.50 crore.
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MCQ 51 Mark
Assertion (A): Double Insurance means when more than one insurance policy is taken to cover the same amount of risk.
Reason (R): In health insurance, the insurer undertakes to pay medical expenses in case of illness of the insured.
  • 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
(b) Both A and R are true but R is not the correct explanation of A.
Explanation:
When more than one insurance policy is taken to cover the same amount of risk, it is called Double Insurance. Health insurance is taken to get medical expenses in case of illness from the insurer in return for the premium paid.
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MCQ 61 Mark
Social interests and business interests are ________.
  • A
    Contradictory
  • B
    Complementary
  • C
    Counteractive
  • D
    Conflicting
Answer
(b) Complementary
Explanation:
Complementary, because both are linked to each other.
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MCQ 71 Mark
Expand DIC
  • A
    District Industries Centers
  • B
    Directorate of Indian company
  • C
    Directorate of Indian Corporation
  • D
    Directorate of Industry Corporation
Answer
(a) District Industries Centers
Explanation:
The District Industries Centers Programme was launched on May 1, 1978, with a view to providing an integrated administrative framework at the district level, which would look at the problems of industrialisation in the district, in a composite manner.
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MCQ 81 Mark
In terms of the continuity of the business organization, which form of organization is the most advantageous?
  • A
    Sole Proprietorship
  • B
    Co-operative Society
  • C
    Partnership
  • D
    Joint Stock Company
Answer
(d) Joint Stock Company
Explanation:
A Joint Stock Company has a legal status independent of its members. Members may come and go, but the company continues to exist.
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MCQ 91 Mark
When does GST has been implemented in India?
  • A
    Jan 1, 2016
  • B
    July 1, 2016
  • C
    Jan 1, 2017
  • D
    July 1, 2017
Answer
(d) July 1, 2017
Explanation:
After the enactment of various laws, Goods and Services Tax was launched all over India with effect from 1 July 2017. After this date all existing taxes has been subsumed into GST.
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MCQ 101 Mark
The persons who come in between the primary producer and the final consumer to promote trade is called ________.
  • A
    middleman
  • B
    auctioneer
  • C
    Retailer
  • D
    trader
Answer
(a) middleman
Explanation:
Middleman is an intermediary or agent between two parties; especially: a dealer, agent, or company intermediate between the producer of goods and the retailer or consumer for promotion of trade.
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MCQ 111 Mark
Assertion (A): If a person, through his/her own initiative, conduct or behaviour, gives an impression to others that he/she is a partner of the firm, he/she is a partner by Estoppel.
Reason (R): Partner by Estoppel is liable for the debts of the firm.
  • A
    Both A and R are true and R is the correct explanation of A.
  • ✓
    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
Correct option: B.
Both A and R are true but R is not the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A.
Explanation:
Partners by Estoppel are held liable for the debts of the firm because in the eyes of the third party they are considered partners, even though they do not contribute capital or take part in its management.
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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
Expand KVIC
  • A
    King of Village Investment Culture
  • B
    Khadi and Village Industries Commission
  • C
    Khadi and Village Industries Core
  • D
    King of Village Industries Commission
Answer
(b) Khadi and Village Industries Commission
Explanation:
The various policies, programmes and schemes related to agro and rural industries are implemented by the ministry through the Khadi and Village Industries Commission (KVIC), Handicrafts Board, Coir Board, Silk Board, etc.
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MCQ 141 Mark
A government company is any company in which the paid-up capital held by the government is not less than
  • A
    49 percent
  • B
    51 percent
  • C
    25 percent
  • D
    50 percent
Answer
(b) 51 percent
Explanation:
51 percent
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MCQ 151 Mark
PayPal is a good example of ________.
  • A
    B2C activities
  • B
    C2C activities
  • C
    B2B activities
  • D
    C2B activities
Answer
(b) C2C activities
Explanation:
C2C markets provide an innovative way to allow customers to interact with each other.
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MCQ 161 Mark
When does SFURTI was set up by the Central Government of India?
  • A
    2005
  • B
    2002
  • C
    2003
  • D
    2004
Answer
(a) 2005
Explanation:
In the year 2005 SFURTI was launched to look for setting up of multi-product cluster by Central Government.
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MCQ 171 Mark
Which of the following is come under Fixed Shop Small Retailers?
  • A
    Malls
  • B
    General stores
  • C
    Multiple stores
  • D
    Departmental stores
Answer
(b) General stores
Explanation:
General Stores come under Fixed Shop Small Retailers. General stores are most commonly found in a local market and residential areas.
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MCQ 181 Mark
A proposed name of the Company is considered undesirable if:
A. It resembles closely with an existing company the name of an existing company.
B. It is an emblem of Government.
C. It is identical with the name.
  • A
    Only C
  • B
    Only B
  • C
    Only A
  • D
    All of these
Answer
(d) All of these
Explanation:
A proposed name of the Company is considered undesirable if it resembles closely with an existing company the name of an existing company, it is an emblem of Government and it is identical with the name.
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MCQ 191 Mark
Which of the following is the main problem for small business?
  • A
    Finance
  • B
    Managerial skill
  • C
    Raw material
  • D
    All of these
Answer
(d) All of these
Explanation:
The problems of traditional small scale units include a remote location with less developed infrastructural facilities, lack of managerial talent, poor quality, traditional technology, and inadequate availability of finance.
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MCQ 201 Mark
Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shipper's name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?
  • A
    Shipping bill
  • B
    Mates receipt
  • C
    Packaging list
  • D
    Bill of exchange
Answer
(a) Shipping bill
Explanation:
 The shipping bill is the main document on the basis of which customs office grants permission for the export. The shipping bill contains particulars of the goods being exported, the name of the vessel, the port at which goods are to be discharged, country of final destination, exporter's name and address, etc.
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M.C.Q (1 Marks) - Business Studies STD 11 Commerce Questions - Vidyadip