MCQ Questions for Class 11 Business Studies Quiz with Answers Chapter Wise PDF Download

CBSE Multiple Choice Type Questions for 11th Class Business Studies PDF formatted study resources are available for free download. These Grade 11 Business Studies CBSE MCQ Mock Test helps you learn & practice the concepts in a fun learning way.

Class 11 Business Studies MCQs Multiple Choice Questions with Answers

Here are the chapterwise CBSE MCQ Quiz Test Questions for Class 11th Business Studies in pdf format that helps you access & download so that you can practice online/offline easily.

Business Services Class 11 Commerce Business Studies MCQ Quiz

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Business Services Questions and Answers

Business Services Quiz Question Answer
What makes services difficult to be judged than goods? Intangibility
Which one of the following is not a remedy available in case of default? Repossess the goods after the buyer has resold them.
Which of the following statements is true or false?
a) Commercial banks can issue currency notes
b) Commercial banks sell and purchase securities on behalf of their customers		 (a) is false, but (b) is true
State the following statement is True or False:
Insurance is one of the important ancillary services. 		 True
Telegram was charged on the basis of _________. Number of words used
Select a word or a term or phrase which can substitute the following statement:
Permission to withdraw over and above the credit balance from the current account.
 Overdraft facility
State the following statement is True or False:
Fire Insurance has a surrender value.		 False
Which is the most historical way of sending information? Telegram
'Paid-up value' is payable on a life insurance policy _________________. On the maturity of the policy
When the bank has not enough funds in the relevant account or the account holder requests that the cheque is..........then the bank will return the cheque
 Bounced

Business Trade And Commerce Class 11 Commerce Business Studies MCQ Quiz

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Business Trade And Commerce Questions and Answers

Business Trade And Commerce Quiz Question Answer
"A secretary is an indispensable person in the office."
True
Economic activities may be classified into business, ___________ and employment. profession
"Pastoral State" is mainly characterized by _____________________.
 Beginning of the division of labour
Every business organization needs a secretary having a knowledge of recording ____________ transactions. financial
A secretary is a custodian of __________. secret information
The word 'Secretary' is derived Latin word _________ which mean confidential writer. Secretarius
Which cause of risk is associated with earthquakes?
 Natural cause risk
Winch of these is not an element of a market? ATM and Bank branch.
_______ is essential for any business concern. Stability
A person who does writing work for his boss is a ____________. secretary

Emerging Modes Of Services Class 11 Commerce Business Studies MCQ Quiz

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Emerging Modes Of Services Questions and Answers

Emerging Modes Of Services Quiz Question Answer
E-business is best described as ______. any electronically mediated communication between an organization and its stakeholders
Which of the following is a web browser? All the above
Under ________________ method, payment is made at the time of physical delivery of goods. Cash on delivery
To view web pages, we use ___________. All the above
Outsourcing is used by an organization for the interest of ____________. Any of the above
The need for outsourcing arises because __________. Ensuring smooth operations
Which of the following is /are included in e-business? All of these
The collective name for ATM, Debit Card, Credit Card, Metro card, etc. is _________________. Smart Card
For receiving the email, one should not have ___________. None of the above
A firm's interaction with suppliers is an example of _________-. B2B

Formation Of A Company Class 11 Commerce Business Studies MCQ Quiz

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Formation Of A Company Questions and Answers

Formation Of A Company Quiz Question Answer
A public company can adopt ________ in place of its own articles.
 Table A
The companies are governed by the Companies Act _________. 2013
Minimum number of members to form a public company is ________. 7
A Memorandum of Association should be signed by _______ persons in case of private company.
 two
MCA stands for ___________. Ministry of Corporate affairs
Below mentioned are factors that have allowed small companies to act like they are big ones. Pick the right one _______________. Technology
A __________ is a person, who discovers the business opportunity.
 promoter
State the following statement is True or False:
Company promoters play significant role in the formation of a company.		 True
Which of the following can be treated as the official signature of the company?
Rubber stamp
A common seal
Select correct answer from the options given below:		 1 - No

2 - Yes
Documents to be presented for the registration of a company with the registrar are ____________. both a and b

Forms Of Business Organisation Class 11 Commerce Business Studies MCQ Quiz

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Forms Of Business Organisation Questions and Answers

Forms Of Business Organisation Quiz Question Answer
If a firm wants to register itself, if will go to ___________. registrar of firms
Which of the following does not require public notice in case of a Registered Firm? Admission of a Partner
Reconstitute of firm takes place expect in case of _________. change in profit sharing ratio
Mission and Vision statements are NOT commonly used to__________. Create wider linkages with customers suppliers and alliance partners
The liability of each number of the HUF business is _________. Limited to the extent of his share in the business
Which of the following can be treated as advantage of HUF form of business? A HUF business is not affected by the insolvency or death of any member including that of karta
To form a partnership, the parties should share ________. Profits and losses but some partners may get a share only in the profits
Which of the following act is within the implied authority? Borrowing money on behalf of the firm
Profits and losses of a partnership firm are shared by the partners...... As per agreement
Which of the following statement is true A firm is liable for wrong acts of a partner

Internal Trade Class 11 Commerce Business Studies MCQ Quiz

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Internal Trade Questions and Answers

Internal Trade Quiz Question Answer
The results of over-trading may be ____________. Both (B) and (C) above
Which amongst the following strategy extends the firm's distinctive competence into new industries that are similar to the firm's original business? Related diversification
Purchase and sale of goods in relatively small quantities, generally to the ultimate consumers, is referred to as _________. Retail trade
Each retail shop in case of chain stores is under the direct control of the ____________. branch manager
Which of the following is not true in relation to wholesalers? Most of the functions performed by wholesalers are such which can be eliminated.
Which is termed as trade bill? An instrument drawn outside India.
Services which retailer provide to manufacturers and wholesalers are ______________. all of the above
What are the advantages of departmental stores? All of the above
______________ generally take title of the goods and bear the business risks by purchasing and selling the goods in their own name. Wholesalers
Name the store who deals with the sale of a specific line of products? Speciality stores

International Business Class 11 Commerce Business Studies MCQ Quiz

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International Business Questions and Answers

International Business Quiz Question Answer
White coloured bill of entry is for _________________. Home Consumption
On reaching foreign shores _______________ duty is levied on the products. custom 
In direct import/export, firms used middlemen to contact overseas buyers/sellers. False
Importing refers to bringing goods from domestic country to foreign country. False
Host Country Nationals are also known as __________. Local Nationals
International trade takes place when buyers find foreign markets cheaper to buy in and sellers find them more profitable to dispose of their products than the domestic market. True
High cost of packaging are needed by _______ . heavy Items
Under the chairmanship of V.L.D'Souza, the Export Promotion Committee was setup in the year ________________. 1957
Mumbai and neighbouring areas in Maharashtra are more involved with the production of coffee. False
Exporting refers to sending goods from domestic country to foreign country. True

Private Public And Global Enterprises Class 11 Commerce Business Studies MCQ Quiz

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Private Public And Global Enterprises Questions and Answers

Private Public And Global Enterprises Quiz Question Answer
All actions of statutory corporations are subject to many rules and regulations. True
Which type of retail stores generally has the highest operating costs? Department store
________ can also be described as any form of association which implies collaboration for more than a transitory period. Joint venture
Which of the following is a part of government and does not have separate legal entity?
 Departmental undertaking
As equity joint venture is _________.
 A capital sharing arrangement between an MNC and a local company (or even a foreign Government) or another MNC.
Which of the following is not true about departmental undertakings?
 Autonomy in decision making
Success in a joint venture depends on comprehensive research and a detailed analysis of aims and objectives. True
RBI was formed as which type of public enterprise? Statutory corporation
As per Companies Act $$2013$$, a company is -
A. Formed and registered under the Companies Act, $$2013$$
B. An existing company registered under any earlier Companies Act
Select the correct answer from the options given below.		 A or B
Which of the following is most suitable for the purpose of generating revenue by the government?
 Government company

Small Business And Entrepreneurship Class 11 Commerce Business Studies MCQ Quiz

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Small Business And Entrepreneurship Questions and Answers

Small Business And Entrepreneurship Quiz Question Answer
Which is the most famous example of Streve Wozniak? None of the above
Procurement of capital from new sources is_________ type of characteristic of an Entrepreneur. Factor innovation
The basic types of Entrepreneurship are _________. both (a) & (b)
Small scale industries are highly _______. Labour intensive
Your real Boss is the one who walks around under your hat. is stated by ___________. Napoleon Hill
Which of the following is not a key element of Entrepreneurship? Diversification
An Indian Entrepreneur as per Mckinsey & company lacks Identify funding person
As per leibenstein thought about Entrepreneur ______. he is a innovator
Entrepreneurs are _________. all of the above
A/An_______. is an individual who creates something for the first time, is a highly driven individual motivated by his or her own work and personal ideas. entrepreneur

Social Responsibilities Of Business And Business Ethics Class 11 Commerce Business Studies MCQ Quiz

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Social Responsibilities Of Business And Business Ethics Questions and Answers

Social Responsibilities Of Business And Business Ethics Quiz Question Answer
Fairness in employment practices centres on. Avoiding conflicts of interests
The ethical issues in finance that companies and employees are confronted with include ___________. all the above
Which one of the following is not related to Business Ethics? Profiteering
Which of the following is a 'business practice' towards Government? Rules and regulations regarding taxes, duties, restrictive and monopolistic trade
Ethics has been received from Greek Word____________. Ethos
The term 'business ethics' came into common use in year ______. 1970
Which of the following can explain the need for pollution control? All of these
Ethics has become the buzzword in the corporate world because of __________. both (A) and (B)
Set of standards of conduct and moral judgments that help to determine right and wrong behavior is called _____________. ethics
The end of cold was brought a concept before media and business firms, it was____________. Business Ethics

Sources Of Business Finance Class 11 Commerce Business Studies MCQ Quiz

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Sources Of Business Finance Questions and Answers

Sources Of Business Finance Quiz Question Answer
Which of the following can be treated as an external economy of scale? All the three
The basic goal of financial management is ___________. Maximising the profit
To guard against the dangers of excess payment arising out of double insurance or over insurance made by the insured, insurance companies provide in their agreement _________________. Indemnity clause
People deposit their money in the banks as _____ . both (1) and (2)
Interest on debenture is a....... charge against profit
In Balance Sheet of a Company, Interest accrued and due on debentures appears under the head - Current Liabilities
Who is not eligible to be appointed as Debenture Trustee: A partnership firm carrying on banking Business
A shareholder who can vote conditionally he is ____________. preference shareholder
Debentures are preferred by investors who want _______ income at __________ risk. fixed, lesser
The essential features of a debenture includes __________.
 all the the above

Business Studies MCQ Questions for Class 11 - Practice Test with Solutions 

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