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Quiz 11
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Q.1
What kind of contract may be difficult to execute because of its flexibility?
formal
informal
regular
irregular
Q.2
Which of the following is NOT an economic activity?
a doctor practicing
a lawyer practicing law
a professional cricketer playing cricket
a student playing cricket
Q.3
The students of class XI were asked to describe the various types of intermediaries who played a prominent role in the promotion of trade. Arun, one of the student, spoke in particular, about the members of the wealthy business, banking and money lender family institution that exercised great influence during the Mughal period and the days of the East India Company. Identify the type of intermediaries being highlighted by Arun.
Commission Agents
Brokers
Jagat Seths
Distributors
Q.4
It was the capital of the Pandayas who controlled the pearl fisheries of the Gulf of Mannar. It attracted foreign merchants, particularly Romans, for carrying out overseas trade.
Mathura
Tamralipti
Surat
Madura
Q.5
Which city was famous for 'Gold silk cloth'?
Varanasi
Mithila
Tamralipti
Ujjain
Q.6
Which of the broad categories of industries covers oil refinery and sugar mills?
(i) Primary
(ii) Secondary
(iii) Tertiary
(iv) None of them
Q.7
The institution of ________ also played an important role during Mughal period and days of east India company, as intermediaries.
Nagar Seths
Commercial and Industrial Banks
Commission Agents
Jagat Seths
Q.8
Reward orreturn of business is ......
Salary or wages
Profit earned
fee
non of this
Q.9
From which part of India "Chatt" the important business community was belong
North India
West India
East India
North East India
South India
Q.10
Payable to a specific person,someone ‘respectable’. Liabilityover who received payment.
Sah-jog - Darshani
Firman-jog - Darshani
Dekhan- har - Darshani
Firman-jog -Muddati
Q.11
Hundi that is payable on order following a fixed term is called________.
Dhani-jog (Darshani)
Jokhmi (Muddati)
Firman-jog (Muddati)
Dhani-jog (Muddati)
Q.12
Hindrance of place is removed by:
Communication
Advertisement
Warehousing
Transportation
Q.13
Which of the following cannot be classified as an auxiliary to trade?
Mining
Insurance
Warehousing
Transport
Q.14
The possibilities of inadequate profits or even losses due to uncertainties are known as ____________
business risk
Business contingencies
Business ventures
None of these
Q.15
Which of the following is not an example of non-economic activity?
patriotism
teaching
sentiment
sympathy
Q.16
Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is
True
false
Q.17
Which of the broad categories of industries covers oil refinery and sugar mills?
Primary
Secondary
Tertiary
None of these
Q.18
Commerce includes activities relating to trade and _________________ to trade.
auxilaries
Subsidiaries
Supporting
None of these
Q.19
Which of the following does not characterize business activity?
Production of goods & services
Presence of risk
Sale or exchange of goods and services
Salary and wages
Q.20
Business risk is not likely to arise due to
Changes in government policy
Good management
Employee dishonesty
Power failure
Q.21
The occupation in which people work for others and get remunerated in return is known as
Business
Profession
Employment
None of these
Q.22
Economic activities may be classified into business, ___________ and employment
profession
Vocation
Occupation
Work
Q.23
The advantage of a private limited liability company is
large capital than the partnership
it cannot sue and be sued
shareholders have unlimited liability
it discourages expansion
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