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MCQ Questions for Class 11 Business Studies with Answers
Q1. Which of the following contract is signed by the promoters with the third party on behalf of the proposed company?
(i) Preliminary contracts
(ii) Provisional contract
(iii) Prospectus
(iv) Memorandum of association
(i) Preliminary contracts
Q2. A company cannot came into existence without
(i) Issuing prospectus
(ii) Electing directors
(iii) Certificate of incorporation
(iv) All of the above
(iii) Certificate of incorporation
Q3. In a co-operative society, the principle followed is :
(i) One share one vote
(ii) One man one vote
(iii) No vote
(iv) Multiple votes.
(ii) One man one vote
Q4. Provision of residential accommodation to the members at reasonable rates is the objective of
(i) Consumers cooperative
(ii) Credit cooperative
(iii) Housing cooperative
(iv) Producers cooperative
(iii) Housing cooperative
Q5. The maximum number of partners allowed in the banking business are
(i) Ten
(ii) No limit
(iii) Twenty
(iv) Two.
(i) Ten
Q6. Transfer of interest exists in the case of
(i) Profession
(ii) employment
(iii) business
(iv) none of these
(iii) business
Q7. Which of the following business enterprises does not have a separate legal entity?
(i) Sole Proprietorship
(ii) Partnership
(iii) Company
(iv) Cooperative Society
(i) Sole Proprietorship
Q8. The life of sole proprietorship business is
(i) Very short life
(ii) Stable
(iii) Long life
(iv) Unstable
(iv) Unstable
Q9. Provision of residential accommodation to the members at reasonable rates is the objective of:
(i) Producer’s cooperative
(ii) Consumer’s cooperative
(iii) Housing cooperative
(iv) Credit cooperative.
(iii) Housing cooperative
Q10. The structure in which there is separation of ownership and management as per law is called
(i) Company
(ii) All business organisations
(iii) Partnership
(iv) Sole proprietorship
(i) Company
Q11. Which of the following cooperative society is established to help small producers in selling their products?
(i) Producer cooperative society
(ii) Marketing cooperative society
(iii) Credit cooperative society
(iv) Consumers cooperative society
(i) Producer cooperative society
Q12. Which of the following is not an example of non-economic activity?
(i) Patriotism
(ii) teaching
(iii) sentiment
(iv) sympathy
(ii) teaching
Q13. What do you understand by the term unlimited liability?
(i) The personal assets of the owner can be sold when the assets of the business are not enough to
(ii) The personal assets of the owner cannot be sold at all
(iii) The personal assets of the owner can be sold, according to the wish of the creditors
(iv) The personal assets of the owner can be sold, only to a limited extent
(i) The personal assets of the owner can be sold when the assets of the business are not enough to
Q14. The form of business organization that has the largest sales volume is the:
(i) Partnership
(ii) Corporation
(iii) Cooperative
(iv) Multinational
(ii) Corporation
Q15. The karta in Joint Hindu Family business has :
(i) Limited liability
(ii) Unlimited liability
(iii) No liability for debts
(iv) Joint liability.
(ii) Unlimited liability
Q16. Which of the following is a characteristic of a co-operative?
(i) profits are not subject to income tax.
(ii) one vote per share.
(iii) dividends are paid on a per share basis.
(iv) all of the above.
(i) profits are not subject to income tax.
Q17. A prospectus is issued by
(i) Public company
(ii) Private company
(iii) Statutory Corporation
(iv) Departmental undertaking
(i) Public company
Q18. Which one of the following may not be a factor behind starting a business?
(i) Routine workload
(ii) size of the firm
(iii) finance
(iv) location of the business
(i) Routine workload
Q19. Hindu Succession Act was passed in
(i) 1960
(ii) 1956
(iii) 1952
(iv) 1932
(ii) 1956
Q20. A partner whose association with the firm is unknown to the general public is called
(i) Active partner
(ii) Nominal partner
(iii) Secret partner
(iv) Sleeping partner
(iii) Secret partner
Q21. The Head of the Joint Hindu Family business is called :
(i) Proprietor
(ii) Director
(iii) Karta
(iv) Manager
(iii) Karta
Q22. Which of the following is probably the most important reason for incorporating?
(i) limited liability of shareholders.
(ii) more money for investment.
(iii) increased flexibility.
(iv) shared management.
(i) limited liability of shareholders.
Q23. The board of directors of a joint stock company are elected by
(i) Shareholders
(ii) Employees
(iii) General public
(iv) Government
(i) Shareholders
Q24. Following are the characteristics of business risks. One of then is not correct. Please identify it.
(i) Loss is the reward for risk bearing
(ii) Business risks are due to uncertainties
(iii) Risk is an essential component of every business
(iv) Degree of risk depends mainly upon the nature and size of business
(i) Loss is the reward for risk bearing
Q25. Which of the following is not a feature of a Joint Stock Company?
(i) Artificial person
(ii) Separate legal entity
(iii) Formation
(iv) Lack of business continuity
(iv) Lack of business continuity
Q26. Every partner is both an agent and a principal. Identify the characteristic of partnership being referred here.
(i) Mutual Agency
(ii) Risk Bearing
(iii) Membership
(iv) Formation
(i) Mutual Agency
Q27. The form of business organization that has the largest sales volume is the:
(i) partnership.
(ii) corporation.
(iii) cooperative.
(iv) multinational.
(ii) corporation.
Q28. Which of the following is a specific form of business organization where membership is by birth?
(i) Hindu Undivided Family
(ii) Sole Proprietorship
(iii) Cooperative Societies
(iv) Government Company
(i) Hindu Undivided Family
Q29. Which of the following is not an example of non-economic activity?
(i) Patriotism
(ii) teaching
(iii) sentiment
(iv) sympathy
(ii) teaching
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MCQ Questions for Class 11 Business Studies with Answers
- Lesson 1. Nature and Purpose of Business Class 11 MCQ Questions
- Lesson 2. Forms of Business Organisation Class 11 MCQ Questions
- Lesson 3. Private, Public and Global Enterprises Class 11 MCQ Questions
- Lesson 4. Business Services Class 11 MCQ Questions
- Lesson 5. Emerging Modes of Business Class 11 MCQ Questions
- Lesson 6. Social Responsibilities of Business and Business Ethics Class 11 MCQ Questions
- Lesson 7. Formation of a Company Class 11 MCQ Questions
- Lesson 8. Sources of Business Finance Class 11 MCQ Questions
- Lesson 9. Small Business Class 11 MCQ Questions
- Lesson 10. Internal Trade Class 11 MCQ Questions
- Lesson 11. International Business 1 Class 11 MCQ Questions