CBSE Questions for Class 11 Commerce Legal Studies Concept Of State And Nation Quiz 1 - MCQExams.com

The tendency for people to base their judgments on information that is readily available to them, is known as __________.
  • Availability heuristic
  • Representative heuristic
  • Both (a) and (b)
  • None of these
I modern investment analysis, the risk for a stock is related to its ______________.
  • leverage factor
  • standard deviation
  • beta coefficient
  • coefficient of variation
The standards used as a basis for comparison or measurement is called ____________.
  • Branding
  • Benchmarking
  • Quality management
  • None of these
One who values experimentation, seeking new ideas, and generating and implementing change is _____________.
  • development-oriented
  • initiative-oriented
  • employee-oriented
  • production-oriented
Patriarchy is an expression to include ______________.
  • father dominated household.
  • male dominance in the organization of society.
  • a fundamental and universal unit of society.
  • biological links between father and child.
Who has developed the concept of 'Johari Window'?
  • Joe Luft and Harry Ingaham
  • Taylor
  • McGregor
  • Hintzberg
Which among the following is an element of legitimate power?
  • Special knowledge
  • Legal
  • Personality
  • Control
Which of the following Acts would not apply to a company like Tisco? 
  • Minimum Wages Act
  • National Rural Employment Guarantee Act
  • Factories Act
  • All of the above
Inability of the firm to meet its obligations results in financial distress which may lead to bankruptcy resulting into the following:
Distress sale of assets at lower price.
Legal and administrative costs for bankruptcy.
Dilution of stakeholders' commitment to the firm.
Stretching of payments to suppliers and creditors.
The direct cost of such financial distress may be
  • $$1$$ and $$4$$
  • $$2$$ and $$3$$
  • $$1$$ and $$2$$
  • $$3$$ and $$4$$
Copy right is available for _____________________.
  • The whole of the author's life-time
  • Fifty years after his death
  • Ten years after his death
  • Both (A) and (B)
The notice of the statutory meeting must be accompanied by __________.
  • Director's Report
  • Progress Report
  • Statutory Report
  • none of the above
State the following statement is True or False.
A notice of meeting must be sent to all members in case of General Meeting.
  • True
  • False
Select the correct option given below:
The interval between two A.GM.s should not be more than ________ months.
  • 10
  • 12
  • 15
  • 20
The general meeting held only once in the life of the company is the statutory meeting.
  • True
  • False
State the following statement is True or False.
Annual Report is prepared by members.
  • True
  • False
State the following statement is True or False.
The Secretary of the meeting has to draft the minutes of the meeting.
  • True
  • False
What is true for Branch office?
  • It is not allowed to carry on manufacturing activity on its own.
  • It is allowed to carry on manufacturing on its own.
  • It is allowed to carry on business without the permission of RBI.
  • None of the above.
Who of the following was NOT a jurist of natural law?
  • Ulpine
  • Circero
  • Henry Maine
  • Justinian
In business settings, conventions.
  • Are non routine practices that employees must learn
  • Are routine widely accepted ways of thinking and doing things
  • Include unusual occurrence's in a business
  • None of the above
The written record of the proceedings at the meeting are the minutes.
  • True
  • False
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Practice Class 11 Commerce Legal Studies Quiz Questions and Answers