Commerce Quiz

Commerce Quiz

12th Commerce

12th Commerce Quiz

  

 

1. Which of the following is not the characteristic of sole proprietorship?
   1.   Single ownership
   2.   One man control
   3.   Whole profit to proprietorship
   4.   Non-flexibility
2. What is the advantage of sole proprietorship?
   1.   Small capital
   2.   Hasty decision
   3.   Limited capital
   4.   Limited managerial ability
3. The agreement of partnership
   1.   Must be oral
   2.   Must be in writing
   3.   Must be writing in the stamp paper
   4.   Can be either oral or in writing
4. Partnership may come into existence
   1.   By the operation of law
   2.   By an express agreement
   3.   By an express or implied agreement
   4.   By inheritance of property
5. Management of a Joint stock company is entrusted to.
   1.   The Registrar of companies
   2.   The Board of Directors
   3.   The shareholder
   4.   The debenture holders
6. Registration is compulsory in the case of
   1.   A Sole trader
   2.   A partnership
   3.   A joint stock company
   4.   A joint hindu family business
7. In a co-operative society
   1.   One share one vote principle is followed
   2.   One man one vote principle is followed
   3.   A member must have 2 votes
   4.   Shares are transferable.
8. Co-operative society can be started
   1.   Only in villages
   2.   In towns and villages
   3.   Only in cities
   4.   Only in State headquarters
9. The most suitable form of organization for operating defense industries is
   1.   Government Company
   2.   Public corporation
   3.   Departmental organization
   4.   Board organization
10. The share capital of the government company must not be less than
    1.   75%
    2.   60%
    3.   95%
    4.   51%
11. A multinational company is also known as
    1.   Global giant
    2.   Partnership
    3.   Co-operative society
    4.   Public corporation
12. Membership by birth is main feature in
    1.   Sole trader
    2.   Joint Hindu family business
    3.   Co-operative society
    4.   Partnership
13. Division of work is called ____________
    1.   Partnership
    2.   Departmentation
    3.   Departmental
    4.   None
14. Delegation means the ___________ of part of the work.
    1.   Entrustment
    2.   Division
    3.   Jointly
    4.   Co-operative
15. The liability of sole trader is __________________
    1.   Limited
    2.   Unlimited
    3.   Co-Operation
    4.   None
16. Partners share profits and losses _______________
    1.   Equal
    2.   Agreed Ratio
    3.   Optional
    4.   None
17. In India registration of partnership is _____________
    1.   Optional
    2.   Agreed Ratio
    3.   Equal
    4.   None
18. In co-operative society all members are ________
    1.   Agreed Ratio
    2.   Optional
    3.   Equal
    4.   None
19. A company is regarded as a __________________
    1.   Person by law
    2.   Operation by law
    3.   Agreement
    4.   None
20. Broadcasting comes under____________ form of organization.
    1.   Public
    2.   Government
    3.   Board
    4.   Departmental
21. Public corporation is known as _________________ Corporation.
    1.   Statutory
    2.   Departmental
    3.   Government
    4.   Public
22. Tamilnadu Electricity Board is the example of ____________
    1.   Departmental
    2.   Government
    3.   Public
    4.   Board
23. Government policy is also favorable towards _____________
    1.   Co-operative
    2.   Multinational
    3.   Public corporation
    4.   None
24. Government Company employees are not _______________
    1.   Government Servant
    2.   Members
    3.   Directors
    4.   None
25. Which of the following is not the characteristic of sole proprietorship
    1.   Single ownership
    2.   One man control
    3.   Whole profit to proprietorship
    4.   Non-flexibility