XI MCQ TEST 2023-24
Time Allowed:- 30 Mins. Max. Marks:- 25
Q1. A company is a creation of law and exists independent of its members.
(a) Formation (b) Separate legal entity (c) Perpetual Succession (d) Liability
Q2. Which of the following cannot be classified as an objective of business?
(a) Investment (b) Productivity (c) Innovation (d) Profit earning
Q3. A partner whose association with the firm is unknown to the general public is
called
(a) Active partner (b) Sleeping partner (c) Nominal partner (d) Secret partner
Q4. Ethics is important for
(a) top management (b) middle-level manager
(c) non-managerial employees (d) All of the above
Q5. Name the economic activity in which the following people are involved:
(a) Karan, who is practicing as chartered accountant.
(b) Mohit running a shop to sell autospare parts.
Q6. Cyclone caused lots of damages to the street vendors and retail stores in the
state.
Rahim, owner of a Grocery Shop suffered a lot because of cyclonic effect.
Government
declared a relief package to the affected people of the affected areas.
Identify the type of risk caused to the Shopkeepers highlighted in the above case.
(A) Natural Cause (B) Human Cause (C) Economic Cause (D) None of the above
Q7. The possibilities of inadequate profits or even losses due to uncertainties are
known as ____________
(A) Business contingencies (B) Business risks
(C) Business ventures (D) None of these
Q8. An enterprise comes into existence after an act is passed in Parliament is
known as .
(A) Govt. company (B) Parliament company
(C) Public corporation (D) Government Corporation
Q9. Which is the oldest and most traditional form of public sector enterprises?
(A) Statutory Corporation (B) Public company
(C) Government company (D) Departmental Undertaking
Q10. Which type of company has minimum 2 members and it restricts the transfer
of its shares.
A. Public Company B. Private Company C. One Person Company D. Partnership
Q11. Which government enterprise is registered under Indian Companies Act, 2013?
(A) Departmental undertaking (B) Public corporation
(C) Government company (D) Partnership companies
Q12.In case of ___________ Registration is compulsory
(a) Sole Proprietorship (b) Partnership
(c) None of these (d) Company
Q13.Gaeta has Rs.20,000 in her account. She doesn’t have any use of these for two
years. To earn more interest which type of bank account she would be opened
with the bank?
(A) Recurring Deposit (B) Fixed Deposit (C) Current Account (D) Saving Account
Q14.Gaeta has Rs.20,000 in her account. She doesn’t have any use of these for two
years. To earn more interest which type of bank account she would be opened
with the bank?
(A) Recurring Deposit (B) Fixed Deposit (C) Current Account (D) Saving Account
Q15.Ankur saves Rs.3,000 every month. Which type of Bank Account he should
open with the bank?
(a) Current Account (b) PPF Account (c) R.D Account (d) Saving Account
Q16.You use ATM to withdraw money which type of e-commerce is this?
(a) B2B (b) B2C (c) Both of them (d) None of these
Q17.When CEO of the companies are committed towards ethical code, it is related
to which of the following elements of ethics?
(a) Publication of Code (b) Measuring Results
(c) Top Management Commitment (d) Involving employees at all levels
Q18.Providing fair compensation and safe working conditions, is related to social
responsibilities towards:
(a) Customers (b) Shareholders (c) community (d) Employees
Q19.Code of conduct should be followed by which level of management?
(a) Top Level (b) Middle Level (c) Lower Level (d) All of these
Q20. Ethics are:
(a) Same as Law (b) Narrower than Law (c) Broader than Law (d) None of these
Q21. Business Risk generated out of carelessness or negligence of employees would
emerge due to which of the following cause:
a) Natural cause. b) Human Cause. c) Economic cause d) Other cause.
Q22. The prospectus is issued by :-
a) private co. b) public co. c) partnership d) HUF
Q23. In this dimension of e-business the different departments of a firm constantly
interact with each other for achieving efficiency in operations,
a) B 2 B b) C 2 B c) Intra-B d) C 2 C
Q24. Statement I:- Pollution changes the physical, chemical and biological
charateristics of air, land and water
Statement II:- For pollution control there should be definite commitment by lower
level first.
a. Statement 1 is correct Statement 2 is incorrect.
b. Statement 2 is correct Statement 1 is incorrect.
c. Both Statements are correct
d. Both Statements are incorrect
Q25. Identify the form of Public sector Enterprises illustrated by the picture given
below.
a)Departmental Undertaking b)Statutory Corporation c) Government Company
d)MNC
