CBSE Questions for Class 11 Commerce Legal Studies Concept Of State And Nation Quiz 4 - MCQExams.com

Identify the document among the following that is a document of the title to the goods.
  • Bill of entry
  • L/C
  • Certificate of origin
  • Bill of lading
The term 'duly-drawback' means
  • Higher rate of import duty
  • Refund of import duty for the exporters
  • Handicap in the matter of exports
  • Refund of export duty for exporters
In a______fire policy, the amount payable in the event of loss is fixed regardless of actual amount of loss.-
  • Specific
  • Average
  • Valued
  • Floating
State whether the following sentences are true or false.
Bill of lading is a document of title. (True/False)
  • True
  • False
Tick mark the correct answer.
Who/what fixed the remuneration of an auditor?
  • Table 'A'
  • The management
  • The articles of association
  • The appointing authority
Tick mark the correct answer.
The scope of the interim audit falls within the purview of.
  • Partial audit
  • Final audit
  • Internal audit
  • Continuous audit
The secretary is required to file copies of the special resolution passed at an extraordinary general meeting with the Registrar within ______ days.
  • 30
  • 21
  • 14
  • 7
Tick mark the correct answer.
Which one of the following statements regarding the internal check system is correct? Its purpose is to.
  • Have an accurate record of all the business transactions
  • Know the accounting method followed in the business
  • Plan for future audit works
  • Ascertain the profit, earning capacity of the business
Consider the following statements:
$$1$$. The Union Government fixes the Statutory Minimum Price of sugarcane for each sugar season.
$$2$$. Sugar and sugarcane are essential commodities under the Essential Commodities Act.
Which of the statements given is/are correct?
  • $$1$$ only
  • $$2$$ only
  • Both $$1$$ and $$2$$
  • Neither $$1$$ nor $$2$$
According to Foucault carceral organizations.
  • emphasised human relations and employee satisfaction
  • increased the amount of power held by managers
  • stripped inmates of their previous identities
  • isolated people and put them under surveillance
A joint stock company's letterhead must, by law have the address of the 
  • Managing director
  • Factory
  • Registered Office
  • Head Office
Which one of the following is not included in the internal check as regards purchases?
  • Assessment of requirements
  • Placing orders
  • Despatch of goods
  • Recording and making payments
The Fair and Remunerative Price (FRP) of sugarcane is approved by the _________________.
  • Cabinet Committee on Economic Affairs
  • Commission for Agricultural Costs and Prices
  • Directorate of Marketing and Inspection, Ministry of Agriculture
  • Agricultural Produce Marketing Committee
Under Gantts task and bonus plan no bonus is payable to a worker if his efficiency is less than _________.
  • 50%
  • 60%
  • 835%
  • 100%
Which among the following is not a step taken for safe and judicious use of pesticides under Plant Protection Strategy Promoted by the GoI?
  • Integrated Post Management(IPM)
  • Containers of pesticides must have information on pests, disease to be controlled, dose, precautions, etc.
  • Training to extension functionaries of Central and State Governments
  • Need-based use of non-chemical methods of pest control besides chemical pesticides
A statutory duty of the company secretary is to
  • Allot shares without the director's consent
  • Borrow funds on the company's behalf
  • Register transfer of shares without the concurrence of the directors
  • Observe all legal formalities without being specifically authorised by the board
The right to stop in transit may be exercised by the unpaid seller-
Taking actual possession of the goods
if the carrier wrongfully refuses to deliver the goods to the buyer
giving notice of the seller's claim to the carrier or other person having control of the goods.
Select the correct answer from the options given below-
  • $$1$$ or $$2$$ but not $$3$$
  • $$2$$ or $$3$$ but not $$1$$
  • $$1$$ or $$3$$ but not $$2$$
  • $$1$$ or $$2$$ or $$3$$
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Practice Class 11 Commerce Legal Studies Quiz Questions and Answers