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12th Commerce Important 1 Mark Questions With Answers
12th Commerce Important 1 Mark Questions English Medium. 12th Commerce Important One Marks Public Exam Questions and answer key. Class 1 to 12 All Subject Book Back Answers.
12th Commerce - Answer all the following Questions. (50 x 1 = 50)
1. Dividing the work into small tasks is known as
(a) Discipline (b) Unity (c) Division of work (d) Equity
2. Which of the following is not a main function?
(a) Decision-making (b) Planning (c) Organising (d) Staffing
3. Delegation of Authority is Easily Done with the Help of _________
(a) MBM (b) MBE (c) MBO (d) MBA
4. Capital market is a market for
(a) Short Term Finance (b) Medium Term Finance (c) Long Term Finance (d) Both Short Term and Medium Term Finance
5. Spot Market is a market where the delivery of the financial instrument and payment of cash occurs
(a) Immediately (b) In the future (c) Uncertain (d) After one month
6. Participants in the capital market includes
(a) Individuals (b) Corporate (c) Financial Institutions (d) All of the above
7. The _______ was set up by a premier financial institution to allow the trading of securities across the electronic counters throughout the country.
(a) OTCEI (b) Factoring (c) Mutual Funds (d) Venture Funds Institutions
8. The money invested in the call money market provides high liquidity with _______
(a) Low Profitability (b) High Profitability (c) Limited Profitability (d) Medium Profitability
9. Debt Instruments are issued by Corporate Houses are raising short-term financial resources from the money market are called _____
(a) Treasury Bills (b) Commercial Paper (c) Certificate of Deposit (d) Government Securities
10. There are _____ stock exchange in the country.
(a) 21 (b) 24 (c) 20 (d) 21
11. Jobbers transact in a stock exchange
(a) For their Clients (b) For their Own Transactions (c) For other Brokers (d) For other Members
12. Registering and controlling the functioning of collective investment schemes as _____
(a) Mutual Funds (b) Listing (c) Rematerialisation (d) Dematerialization
13. Trading is dematerialized shares commenced on the NSE is ______
(a) January 1996 (b) June 1998 (c) December 1996 (d) December 1998
14. Human resource is a ______ asset.
(a) Tangible (b) Intangible (c) Fixed (d) Current
15. Human Resource management is both _____ and ______
(a) Science and art (b) Theory and practice (c) History and Geography (d) None of the above
16. Advertisement is a ______ source of recruitment
(a) internal (b) external (c) agent (d) outsourcing
17. E-recruitment is possible only through ___ facility.
(a) Computer (b) Internet (c) Broadband (d) 4G
18. Selection is usually considered as a _________ process
(a) Positive (b) Negative (c) Natural (d) None of these
19. Which of the following test is used to measure the various characteristics of the candidate?
(a) Physical Test (b) Psychological Test (c) Attitude Test (d) Proficiency tests
20. ______is useful to prevent skill obsolescence of employees
(a) Training (b) Job analysis (c) Selection (d) Recruitment
21. The marketer initially wants to know in the marketing is_______
(a) Qualification of the customer (b) Quality of the product (c) Background of the customers (d) Needs of the customers
22. Who is supreme in the Market?
(a) Customer (b) Seller (c) Wholesaler (d) Retailer
23. Marketing mix means a marketing program that is offered by a firm to its target ________ to earn profits through satisfaction of their wants
(a) Wholesaler (b) Retailer (c) Consumer (d) Seller
24. Which is gateway to internet?
(a) Portal (b) CPU (c) Modem (d) Webnaire
25. Pure play retailers are called
(a) Market creators (b) Transaction brokers (c) Merchants (d) Agents
26. The term 'consumerism' came into existence in the year ________.
(a) 1960 (b) 1957 (c) 1957 (d) 1958
27. Who is the father of Consumer Movement?
(a) Mahatma Gandhi (b) Mr. Ihon F.Kennedy (c) Ralph Nader (d) Jawaharlal Nehru
28. Which of the following is not a consumer right summed up by John F. Kennedy
(a) Right to safety (b) Right to choose (c) Right to consume (d) Right to be informed
29. The Chairman of the National Consumer Disputes Redressal Council is ________.
(a) Serving or Retired judge of the Supreme Court of India (b) Prime Minister (c) President of
India (d) None of the above
30. The State Commission can entertain complaints where the value of the goods or services and the compensation, if any claimed exceed
(a) Rs. 2 lakhs but does not exceed Rs.5 lakhs (b) Rs.20 lakhs but does not exceed Rs.1 crore (c) Rs. 3 lakhs but does not exceed Rs. 5 lakhs (d) Rs. 4 lakhs but does not exceed Rs. 20 lakhs
31. GST stands for ________.
(a) Goods and Supply Tax (b) Government Sales Tax (c) Goods and Services Tax (d) General Sales Tax
32. Macro Environment of business is an _________ factor.
(a) Non-economic (b) Economic (c) Controllable (d) Uncontrollable
33. ________ means permitting the private sector to setup industries which were previously
reserved for public sector.
(a) Liberalisation (b) Privatisation (c) Globalisation (d) Public Enterprise
34. _______ results from the removal of barriers between national economies to encourage the flow of goods, services, capital and labour.
(a) Privatisation (b) Liberalisation (c) Globalisation (d) Foreign Trade
35. In case of the sale, the ___________ has the right to sell
(a) Buyer (b) Seller (c) Hirer (d) Consignee
36. The property in the goods means the
(a) Possession of goods (b) Custody of goods (c) Ownership of goods (d) Both (a) and (b)
37. Negotiable Instrument Act was passed in the year _________
(a) 1981 (b) 1881 (c) 1994 (d) 1818
38. Number of parties in a bill of exchange are
(a) 2 (b) 6 (c) 3 (d) 4
39. What are the characteristics of an entrepreneur?
(a) Spirit of enterprice (b) Flexibility (c) Self Confidence (d) All of the above
40. Which of the below is not classified into managerial functions?
(a) Planning (b) Marketing (c) Organizing (d) Controlling
41. Corporate Entrepreneur is also called as _________
(a) Intrapreneur (b) Promoter (c) Manager (d) Shareholder
42. Which of these is based on Technology?
(a) Modern (b) Professional (c) Corporate (d) Industrial
43. The ___________ initiative was launched to modernize the Indian economy to make all governments services available electronically.
(a) Standup India (b) Startup India (c) Digital India (d) Make in India
44. _____ has to include the mechanism for managing venture in the project report.
(a) Banker (b) Government (c) Lending Institutions (d) Entrepreneur
45. How does a person who envisages the idea to form a company called?
(a) Director (b) Company Secretary (c) Registar (d) Promoter
46. Which of the following types of shares are issued by a company to raise capital from the existing shareholders?
(a) Equity Shares (b) Right Shares (c) Preference Shares (d) Bonus Shares
47. A person Shall hold office as a director in ___________companies as per the Companies Act, 2013.
(a) 5 companies (b) 10 companies (c) 20 companies (d) 15 companies
48. A Private Company shall have a minimum of_____________
(a) Seven directors (b) Five directors (c) Three directors (d) Two directors
49. Who is not entitled to speak at the annual general meeting of the company.
(a) Auditor (b) Shareholder (c) Proxy (d) Director
50. From the date of its incorporation, the First Annual General Meeting is to be conducted within____________ months.
(a) Twelve (b) Fifteen (c) Eighteen (d) Twenty one
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Answers
- (c) Division of work
- (a) Decision-making
- (c) MBO
- (c) Long Term Finance
- (a) Immediately
- (d) All of the above
- (a) OTCEI
- (a) Low Profitability
- (b) Commercial Paper
- (b) 24
- (b) For their Own Transactions
- (a) Mutual Funds
- (c) December 1996
- (b) Intangible
- (a) Science and art
- (b) external
- (b) Internet
- (b) Negative
- (b) Psychological Test
- (a) Training
- (d) Needs of the customers
- (a) Customer
- (c) Consumer
- (c) Modem
- (b) Transaction brokers
- (a) 1960
- (c) Ralph Nader
- (c) Right to consume
- (a) Serving or Retired judge of the Supreme Court of India
- (b) Rs.20 lakhs but does not exceed Rs.1 crore
- (c) Goods and Services Tax
- (d) Uncontrollable
- (b) Privatisation
- (c) Globalisation
- (b) Seller
- (c) Ownership of goods
- (b) 1881
- (c) 3
- (d) All of the above
- (c) Organizing
- (c) Manager
- (c) Corporate
- (c) Digital India
- (d) Entrepreneur
- (d) Promoter
- (b) Right Shares
- (c) 20 companies
- (d) Two directors
- (c) Proxy
- (c) Eighteen
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