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.
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 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.
|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.
State the following statement is True or False:Fire Insurance has a surrender value.
|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
|Business Trade And Commerce Quiz Question||Answer|
|"A secretary is an indispensable person in the office."
|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 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 Quiz Question||Answer|
A public company can adopt ________ in place of its own articles.
|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.
|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.
State the following statement is True or False:Company promoters play significant role in the formation of a company.
|Which of the following can be treated as the official signature of the company?
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 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 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 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 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?
|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?
|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|
|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|
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