CBSE Questions for Class 11 Commerce Business Studies Business Trade And Commerce Quiz 10 - MCQExams.com

Which of the following is not a  characteristic of  business activity?
  • Production of goods and services
  • Presence of risk
  • Sale or exchange of goods and services
  • Salary or wages 
Paid dividend is Rs 20 and current price is Rs 50 then dividend yield will be __________.
  • 40.00%
  • 20.00%
  • 30.00%
  • 50.00%
Non-economic activities aim at ___________.
  • social service
  • profit maximization
  • consumer satisfaction
  • wealth
Primary industry involves?
  • getting soft materials
  • getting no materials
  • getting raw material
  • none of these
In______________ the workers are paid on the basis of hourly daily, weekly rate.
  • time rate system
  • piece rate system
  • premium bonus system
  • emerson efficiency plan
In free economy, inequalities in income is due to
  • fee competition
  • private property and inheritance
  • differences in the marginal productivity of labour
  • private property only
Select the incorrect statement/statements about the 'misery index' using the code given.
1. This is an index of economic misery in an economy.
2. This is sum of the rate of inflation and unemployment for an economy at particular points of time.
3. Lower is the value, lower the misery is.
  • Only 1
  • 2 and 3
  • Only 3
  • 1,2 and 3
Which of the following taxes will be levied on Imports of goods and services?
  • CGST
  • SGST
  • IGST
  • Exempt
FEMA stands for _____________________.
  • Foreign Exchange Management Act
  • Funds Exchange Management Act
  • Finance Enhancement Monetary Act
  • Future Exchange Management Act
 Indian subcontinent as a whole  has ______________ in the North bordered by water in the South. 
  • Kanchenjunga
  • Himalayas
  • Mount Everest
  • K2
 Which option is not a business activity?
  • Production of goods
  • Transportation
  • Exchange of goods
  • Work in a factory for wages
"Functional Finance" is associated with-
  • Abba 'P' Lerner
  • Adolph Wogner
  • Adam Smith
  • Adams
Sector-wise, maximum employment in the public sector is in:
  • electricity, gas and water
  • community, social and personal services
  • finance, insurance and real estate
  • transport, storage and communication
The largest source of revenue for Britishers in India was from  ____?
  • Textile and Jute Industry
  • Gems and Stone Industry
  • Temple Tax
  • Land revenue
 Political economy and military security during ancient times united most of the Indian subcontinent and trade regulations were carefully planned.
  • True
  • False
Documents such as______-and_______ were in use for carrying out transactions in which money passed from hand to hand.
  • Memorandum of Association
  • Article of Association
  • Hundi and Chitti
  • None
The economic and commercial evolution of any land depends upon its :
  • Natural environment
  • Physical environment.
  • Social environment
  • None
 A network of roads merging into the _________ helped in establishing commercial and political contacts with adjoining foreign kingdoms and empires of Asia,
  • Silk Route
  • Spice Route
  • Both a and b
  • None
The economic and commercial evolution of any land depends upon its physical environment.
  • True
  • False
 Which commercial cities were founded in the third millennium B.C. ?
  • Mesopotamia
  • Harappa and Mohenjodaro
  • Meerut
  • None
Archaeological evidences have shown that ______________ was the mainstay of the economy of ancient India carried out by water and land.
  • Trade and commerce
  • Business
  • Commercial activities
  • None
Agriculture and the domestication of animals were important components of the economic life of ancient people. 
  • True
  • False
Documents such as Hundi and Chitti were in use for carrying out transactions in which money passed from hand to hand.
  • True
  • False
What is the function of Hundi ' Jokhmi' ?
  • Drawn against dispatched goods. If goods lost in transit, the drawer or holder bears the coasts, and the Drawee carries no liability.
  • Hundi made payable to order following a fixed term.
  • Hundi made payable to order.
  • Payable to a specific person, someone respectable. Liability over who received payment.
 Metals began to supplement other commodities as money because of its :
  • durability and divisibility.
  • volatility
  • Both a and b
  • None
Discuss the function of Hundi ' Firman-jog'?
  • Payable to any personno liability over who received payment.
  • Payable to a specific person, someone respectable. Liability over who received payment
  • Payable to the presenter or bearer
  • Hundi made payable to order.
Hundi is a contract which :
  • warrant the payment of money, the promise or order which is unconditional .
  • capable of change through transfer by valid negotiation.
  • Both a and b
  • None
What is the function of Hundi ' Dhani-jog' ?
  • Drawn against dispatched goods. If goods lost in transit, the drawer or holder bears the coasts, and the Drawee carries no liability.
  • Hundi made payable to order following a fixed term.
  • Payable to any personno liability over who received payment, but payment over a fixed term.
  • Hundi made payable to order.
 Foreign trade was financed by________.
  • banks
  • financial institutions
  • loans
  • None
Intermediaries played a prominent role in the promotion of trade.
  • True
  • False
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