XII Std Commerce – Reduced Syllabus – One mark questions and answers
Choose the Correct answers
1. Management is what a does?
a) Manager b) Subordinate c) Supervisor d) Superior
2. Management is an _ _
a) Art b) Science c) Art and Science d) Art or Science
3. Scientific management is developed by
a) Fayol b) Taylor c) Mayo d) Jacob
4. Dividing the work into small tasks is known as
a) Discipline b) Unity c) Division of work d) Equity
5. With a wider span, there will be hierarchical
a)More b) Less c) Multiple d) Additional
6. Which is the primary function of management?
a) Innovating (b) Controlling (c) Planning (d) Decision-making
7. Which of the following is not a main function?
a) Decision-making (b) Planning (c) Organising (d) Staffing
8. Distribution of work in groupwise or sectionwise is called as
a) Co – ordinating (b) Controlling (c) Staffing (d) Organising
9. Which of the following is verification function?
a) Planning (b) Organising (c) Staffing (d) Controlling
10. System gives full Scope to the Individual Strength and
(a) MBO (b) MBE (c) MBM (d) MBA
11. Which is the First step in Process of MBO?.
a)Fixing Key Result Area (b) Appraisal of Activities (c) Matching Resources with Activities (d) Defining Organisational Objectives
12.keeps Management Alert to Opportunities and Threats by Identifying Critical Problems.
a) MBA (b) MBE (c) MBM (d) MBO
13. Delegation of Authority is Easily Done with the Help of .
a)MBM (b) MBE (c) MBO (d) MBA
14. Financial market facilitates business firms
a)To rise funds b) To recruit workers c) To make more sales d) To minimize fund requirement
15. 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
16. Primary market is also called as
a) Secondary market b) Money market c) New Issue Market d) Indirect Market
17. 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
18. How many times a security can be sold in a secondary market?
a) Only one time b) Two time c) Three times d) Multiple times
19. Capital market do not provide
a) Short term Funds b) Debenture Funds c) Equity Funds d) Long term Funds
20. When the NSEI was established a) 1990 b) 1992 c) 1998 d) 1997
21. Primary market is a Market where securities are traded in the
a) First Time b) Second Time c) Three Time d) Several Times
22. Participants in the capital market includes
a) Individuals b) Corporate c) Financial Institutions d) All of the above
23. How many times a security can be sold in a secondary market?
a) Only One Time b) Two Time c) Three Times d) Multiple Times
24.The money invested in the call money market provides high liquidity with .
a) Low Profitability b) High Profitability c) Limited Profitability d) Medium Profitability
25. A major player in the money market is the
a) Commercial Bank b) Reserve Bank of India c) State Bank of India d) Central Bank.
26. Money Market provides_ .
a) Medium-term Funds b) Short-term Funds c) Long-term Funds d) Shares
27. Money Market Institutions are _ .
Investment Houses b) Mortgage Banks c) Reserve Bank of India d) Commercial Banks and Discount Houses.
28. Risk in the Money Market is .
a) High b) Market Risk c) Low Credit and Market Risk d) Medium Risk
29. _____ is the oldest stock exchange in the
a) London Stock Exchange b) Bombay Stock Exchange c) National Stock Exchange d) Amsterdam Stock Exchange
30. There are stock exchange in the country. a) 21 b) 24 c) 20 d) 25
31. Stock exchanges deal in
a) Goods b) Services c) Financial Securities d) Country’s Currency
32. Stock exchange allow trading in
a) All types of Shares of any Company b) Bonds issued by the Govt c) Listed Securities d) Unlisted Securities
33. Jobbers transact in a stock exchange
a) For their Clients b) For their Own Transactions c) For other Brokers d) For other Members
34. A pessimistic speculator is a) Stag b) Bear c) Bull d) Lame Duck
35. An optimistic speculator is a) Bull b) Bear c) Stag d) Lame duck
36. SEBI is empowered by the Finance ministry to nominate _ members on the Governing body of every stock a) 5 b) 3 c) 6 d) 7
37. The process of converting physical shares into electronic form is called
a) Dematerialisation b) Delisting c) Materialisation d) Debarring
38. Trading is dematerialized shares commenced on the NSE is
a) January 1996 b) June 1998 c) December 1996 d) December 1998
39. was the first company to trade its shares in Demat
a) Tata Industries b) Reliance Industries c) Infosys d) Birla Industries
40. enables small investors to participate in the investment on share capital of large companies.
a) Mutual Funds b) Shares c) Debentures d) Fixed deposits
41. PAN stands for
a) Permanent Amount Number b) Primary Account Number c) Permanent Account Number d) Permanent Account Nominee
42. Human resource is a ——– a) Tangible b) Intangible c) Fixed d) Current
43. Human Resource management is both ——- —– and– –.
a) Science and art b) Theory and practice c) History and Geography d) None of the above
44. Planning is a———-
a) Selective b) pervasive c) both a and b d) none of the above
45. Human resource management determines the—————
a) internal, external b) employer, employee c) Owner, Servant d) Principle, Agent
46. Labour turnover is the rate at which employees– the organisation
a) enter b) leave c) Salary d) None of the above
47. Recruitment bridges gap between ———— — and—– — .
a) job seeker and job provider b) job seeker and agent c) job provider and owner d) owner and servant
48. Transfer is an———- source of a) internal b) external c) outsourcing d) None of the above
49. The recruitment and Selection Process aimed at right kind of
a) At right people b) At right time c) To do right things d) All of the above
50. The poor quality of selection will mean extra cost on——— and supervision
a) Training b)Recruitment c) work quality d) None of these
51. ———- refers to the process of identifying and attracting job seekers so as to build a pool of qualified job applicants.
a) Selection b) Training c) Recruitment d) Induction
52. Selection is usually considered as a———– process
a) Positive b) Negative c) Natural d) None of these
53. 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
54. Which of the following orders is followed in a typical selection process
a)application form test and or interview, reference check and physical examination
b) Application form test and or interview, reference check, and physical examination
c) Reference check, application form, test and interview and physical examination
d) physical examination test and on interview application term and reference check.
55) The purpose of an application blank is to gather information about the
a) Company b) Candidate c) Questionnaire or Interview Schedule d) Competitors
56. Vestibule training is provided
a) On the job b) In the class room c) In a situation similar to actual working environment d) By the committee
57. Improves Skill Levels of employees to ensure better job performance
a)Training b) Selection c) Recruitment d) Performance appraisal
58. When trainees are trained by supervisor or by superior at the job is called
a) Vestibule training b) Refresher training c) Role play d)Apprenticeship training
59. is useful to prevent skill obsolescence of employees
a) Training b) Job analysis c) Selection d) Recruitment
60. Training methods can be classified into training—- training
a) Job rotation and Job enrichment b) On the Job and Off the Job c) Job analysis and Job design d) Physical and mental
61. Case study method is———– type of
a) Only theoretical training b) Both theory and practical training c) Hands on training d) Abservation Training
62. One who promotes (or) Exchange of goods or services for money is called as .
a) Seller b) Marketer c) Customer d) Manager
63. 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
64. The Spot market is classified on the basis of .
a) Commodity b) Transaction c) Regulation d) Time
65. Which one of the market deals in the purchase and sale of shares and debentures?
a) Stock Exchange Market b) Manufactured Goods Market c) Local Market d) Family Market
66. The initial stage of Marketing system is…………………….
a) Monopoly system b) Exchange to Money c) Barter system d) Self producing
67. Who is supreme in the Market?
a) Customer b) Seller c) Wholesaler d) Retailer
68. In the following variables which one is not the variable of marketing mix?
a) Place Variable b) Product Variable c) Program Variable d) Price Variable
69. Marketing mix means a marketing program that is offered by a firm to its target to earn profits through satisfaction of their
a) Wholesaler b) Retailer c) Consumer d) Seller
70. Sale of Goods Act was passed in the year a)1940 b)1997 c)1930 d)1960
71. Which of the below constitutes the essential element of contract of sale? a)Two parties b)Transfer of property c)Price d)All of the above
72. Which of the below is not a good?
a) Stocks b)Dividend due c)Crops d)Water
73. In case of the sale, the _ has the right to sell
a) Buyer b)Seller c)Hirer d)Consignee
74. The property in the goods means the a)Possession of goods b)Custody of goods
75. Negotiable Instrument Act was passed in the year . 1981 b. 1881 c. 1994 d. 1818
76. Negotiable Instrument is freely transferable by delivery if it is a _ _
a) Order Bearer c. Both a & b d. None of the above
77. The transferee of a Negotiable Instrument is the one _
a) Who transfer the instrument b) On whose name it is transferred c) Who enchases it d. None of the above
78. Number of parties in a bill of exchange are 2 b. 6 c. 3 d. 4
79. Section 6 of Negotiable Instruments Act 1881 deals with
a) Promissory Note b) Bills of exchange c. Cheque d. None of the above
80. _ cannot be a bearer
a) Cheque b) Promissory Note c. Bills of exchange d. None of the above
81. When crossing restrict further negotiation
a) Not negotiable crossing b) General Crossing c) A/c payee crossing d. Special crossing
82. Which endorsement relieves the endorser from incurring liability in the event of dishonour
a) Restrictive b) Faculative c. Sans recourse d. Conditional
83. A cheque will become stale after months of its date: a) 3 b. 4 c. 5 d. 1
84. Document of title to the goods exclude
a) Lorry receipt b) Railway receipt c. Airway bill d. Invoice
85. Choose the type of entrepreneur that isn’t based on function:
a) Innovative b) Classical c. Fabian d. Drone
86. Choose the type of Entrepreneur that is not based on Motivation:
a) Pure b) Corporate c. Spontaneous d. Induced
87. Which of the following is the Activity of a Business Entrepreneur?
a) Production b) Marketing c. Operation d. All of the above
88. Find the odd one out in context of Trading
a) Selling b) Commission c. Buying d. Manufacturing
89. Corporate Entrepreneur is also called as
a) Intrapreneur b) Promoter c. Manager d. Shareholder
90. Entrepreneur Supply Services
a) Hoteliers b) Banking c. Airlines d. Livestock
91. Motive of a Pure Entrepreneur is
a) Rendering service b) Earning profit c. Attaining status d. Both b & c
92. Which of these is based on Technology?
a) Modern b) Professional c. Corporate d. Industrial
93. Which of the below is not a Characteristic of a Fabian Entrepreneur?
a) Conservative b) Risk averse c. Sceptical d. Adaptive
94. Mention the status of a Company Secretary in a
a) A member b) A director c) An independent d) An employee contractor
95. Who can become a secretary for a company?
a)Individual person b) Partnership firm c) Co-operative societies d) Trade unions
96. Which meeting will be held only once in the life time of the company?
a) Statutory b) Annual General c) Extra – ordinary d) Class General
97. Board Meetings to be conducted minimum __ times in a year. a) 2 b) 3 c) 4 d) 5
98. Who is not entitled to speak at the annual general meeting of the
a)Auditor b) Shareholder c) Proxy d) Directors
99. Which director need not hold qualifying
a) Directors appointed to Central Government
b) Directors appointed to
c) Directors appointed to Managing Director
d) Directors appointed to Board of Directors
100. What is the statue of Directors who regulate money of the
a) Banker (b) Holder (c) Agent (d) Trustees
