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

In the ancient times how many crops were grown in a year ( maximum)?
  • One
  • Two
  • Three
  • Four
Who were responsible for the wholesale and retail of goods?
  • Commision agents
  • Brokers
  • Wholesalers
  • All of the above
 An expanding trade brought in huge amounts of ___________ bullion into Asia
  • Gold
  • Siver
  • Copper
  • None
 Family-based apprenticeship system was not in practice and duly followed in acquiring trade-specific skills. 
  • True
  • False
________________were prominent where skilled artisans worked and converted raw materials into finished goods which were high in demand.
  • Gurukuls
  • Workshops (Karkhana)
  • Factories
  • Industries
What is the broader classification of Hundi  Dhani-jog? 
  • Darshani
  • Muddati
  • Both
  • None
 Money became an instrument for supplying the manufacturers with a means of producing more goods.
  • True
  • False
 Trade was maintained by both_______ and _______.
  • land , water
  • land , sea
  • sand ,sea
  • None
 The rate of interest for longer voyages was kept high in view of the huge risk involved.
  • True
  • False
 Bankers acted as trustees and executors of ___________.
  • endowments
  • bank
  • company
  • financial institutions
Transport by land and water was popular in the ancient times. 
  • True
  • False
Large share of silver bullion gravitated towards ___________.
  • India
  • China
  • Pakistan
  • None of the above
The institution of Jagat Seths also developed and exercised great influence during the Mughal period and the days of the East India Company. 
  • True
  • False
Intermediaries involve :
  • Wholesalers
  • Retailers
  • Brokers
  • All the above.
The emergence of credit transactions and availability of loans and advances enhanced commercial operations.
  • True
  • False
 When did Vasco da Gama came to the shores of Malabar?
  • 1498
  • 1400
  • 1458
  • 1497
____________was a bustling emporium that it was visited by Chinese ships to acquire items, like frankincense , pearls, cotton,etc from India.
  • Mysore
  • Calicut
  • Delhi
  • Kolkata
Trade was maintained by both land and sea.
  • True
  • False
Maritime trade was another important branch of global trade network.
  • True
  • False
Maritime trade took place back to the era of Roman Empire.
  • True
  • False
 ___________ trade was another important branch of global trade network.
  • International
  • Intraday
  • Maritime
  • Domestic
Roads as a means of communication had assumed key importance in the entire process of growth, particularly of the inland trade and for trade over land. 
  • True
  • False
Traders of Gujarat were called :
  • Bhats
  • Mahajans
  • Chatt
  • Multani
Trade routes were structurally wide and suitable for speed and safety. 
  • True
  • False
Which of the following cannot be categorised as a social objective of a business?
  • Supply of desired quality of products
  • Avoidance of unfair trade practices
  • Employment generation
  • Investment
What is the name of the manufacturing industry, in which raw materials are broken into several parts to make finished goods?
  • Analytical
  • Synthetic
  • Processing
  • Assembly
Assembling is part of __________ industry.
  • Primary
  • Tertiary
  • Construction
  • Manufacturing
In which of the following cases does output double with the doubling of all inputs?
  • Constant Returns to Scale
  • Decreasing Returns to Scale
  • Increasing Returns to Scale
  • Increasing as well as decreasing returns to Scale
You are given the following data:
Factor Output
00
115
230
345
460
575
The above data is an example of:
  • Constant Returns to Scale.
  • Decreasing Returns to Scale.
  • Increasing Returns to Scale.
  • Globalization.
Key goal in the firm's growth phase is _______.
  • expansion of capital
  • cutting costs
  • expansion of profit
  • attract new customers
0:0:1


Answered Not Answered Not Visited Correct : 0 Incorrect : 0

Practice Class 11 Commerce Business Studies Quiz Questions and Answers