1) In Pandiyas Dynasty the place where the goods are sold is _____ a) Allangadi b) Nalangadi c) Angadi d) Market 2) Hindrance of place is removed by ______ a) Transport b) Salesman c) Warehouse d) Insurance 3) Who wrote “Arthasasthra” ? a) Kautilya b) Kambar c) Elangovadigal d) Thiruvalluvar 4) Trade and Commerce was common to _______ Dynasty. a) Panidya b) Chera c) Pallava d) Chola 5) _______ was first sultan who paved way in the dense forest and helped traders to move from one market place to others place for their commercial caravans. a) Balban b) Vascoda Gama c) Akbar d) Alauddin Khilij 6) The Primary objective of a business is a) None of the above b) Making Profit c) Not Making Profit d) Special skill 7) Occupation of a Doctor is a) Sole Proprietor b) Employment c) Business d) Profession 8) The following does not characterise business activity? a) Sale or exchange of goods and services b) Salary or wages c) Production of goods and services d) Presence of Risk 9) Activities undertaken out of love and affection or with social service motive are termed as: a) Monetary activities b) Non Economic Activities c) Financial Activities d) Economic activities 10) The industries engaged in extraction of iron ore are known as a) Extraction Industries b) Genetic Industries c) Construction Industries d) Manufacturing Industries 11) Production which involves several stages for manufacturing finished products is known as a) Synthetic Industry b) Processing Industry c) None of the above d) Analytical Industry 12) Normally high level risk involved in a) All of the above b) Industry c) Commerce d) Trade 13) Which is the oldest form of Business organisation? a) Co-operative Society b) Company c) Sole Proprietorship d) Partnership 14) In which form the owner, establisher and manager is only one? a) Co-operative Society b) Sole Proprietor c) Joint Enterprise d) Government Company 15) A major disadvantage of sole proprietor-ship is ______ a) Easy Formation b) Quick decision c) Limited liability d) Unlimited liability 16) From the following which one is Non- corporate form of business? a) Government company b) Co-operatives c) Joint stock company d) Sole trading business 17) The firm of Hindu Undivided Family is managed by whom? a) Manager b) Partner c) Owner d) Karta 18) In the firm of Hindu Undivided Family, how one gets the membership? a) By Managing b) By Investing Capital c) By Agreement d) By Birth 19) The members in the joint hindu family are called _____________ a) generations b) partners c) Karta d) coparceners 20) ‘Only the male members in the family get the right of inheritance by birth’ as ______________ a) Mitakshara Law b) Dayabhaga law c) None of these d) Hindu law 21) A partnership is formed by _______ a) Friendship b) agreement c) relationship among persons d) the direction of government 22) The relationship between outsiders and the company is defined in ______ a) Memorandum of Association b) Certificate of Incorporation c) Prospectus d) Articles of Association 23) Table A of the Companies Act is a ______ a) Model of AOA b) Model of MOA c) Model minutes book d) Model form of Balance Sheet 24) Which of the following is created by a Special Act of Parliament or in State Assemblies? a) Foreign company b) Government company c) Statutory company d) Chartered company 25) The Board of directors of a company is elected by _________ a) Share holders (members) b) Debenture holders c) Creditors d) Debtors 26) Companies established as a result of a charter granted by the King or Queen of a country is called _________ a) Statutory companies b) Registered companies c) Foreign companies d) Chartered companies 27) Membership in a cooperative organization is: a) Not open to all b) None of them c) Selective d) Open to all 28) Cooperative fails because of a) Loss-making b) Unlimited membership c) Cash trading d) Mismanagement 29) All cooperatives are established with a) Reform motive b) Philanthropic motive c) Service motive d) Profit motive 30) Consumers Co-operation was first successful in _____ a) England b) India c) USA d) Swiss 31) Rochdale society of equitable pioneers was started by ____ a) Robert owen b) Lambert c) H.C.Calvert d) Talmaki 32) A Multinational Corporation can be defined as a firm which a) is beyond the control of any government b) is one of the top 200 firms in the world c) owns companies in more than one d) All the above 33) Centralised control in MNC’s implies control exercised by a) Headquarters b) Parliament c) Branches d) Subsidiaries 34) Enterprises operating in several countries but managed from one country is termed as ___________ a) Multinational Company b) Private company c) Joint Venture d) Government company 35) Dispersal of decision making power to branches/affiliates/subsidiaries by  head office represents _________ a) Centralisation b) Power c) Integration d) Decentralisation 36) Coca-Cola company is an example of  __________ a) MNC b) Joint Venture c) Government company d) Public company 37) The share capital of the government company must not be less than a) 75 % b) 60 % c) 95 % d) 51 % 38) The oldest form of organisation in public sector a) Departmental Undertakings b) Public Sector Undertakings c) Multi National Corportions d) Statutory Corportion 39) A Government company purchases shares in the name of a) Chief Justice of India b) State Chief Minister c) Prime Minister d) President 40) The primary objective of the state enterprises is to ______ a) Serve the People b) Provide Employment c) Earn profit d) All the Above 41) Which bank has the power to issue bank notes? a) Co-operative banks b) Foreign banks c) Central bank d) Commercial bank 42) The Central bank of India is a) RBI b) PNB c) SBI d) ICICI 43) The Reserve Bank of India commenced its operations from April 1, a) 1934 b) 1935 c) 1936 d) 1933 44) Bankers are not only dealers of money but also leaders in a) Industry development b) Service development c) Economic development d) Trade development 45) Which of the following is not a function of a central bank? a) Deal with the general public b) Acts essentially as Government c) Guiding and regulating the banking system of a country d) Maintains deposit accounts of all other banks 46) Which bank is not a Industrial Bank? a) IDBI b) ICICI c) HSBC d) SIDBI 47) The Local Area Banks are promoting a) Agricultural development b) Rural savings c) Business savings d) Industrial development 48) Foreign banks are begun their operation since a) 1980 b) 1979 c) 1978 d) 1981 49) Electronic banking can be done through a) Computers b) Mobile phones c) ATM d) All of the above 50) Minimum how much amount can be transferred through RTGS? a) 50,000 b) 2 lakh c) Any amount d) 5 lakh 51) The largest commercial bank of India a) ICICI b) SBI c) PNB d) RBI 52) In which kind of account, it is compulsory to deposit certain amount at certain time? a) Saving deposit b) Fixed deposit c) Current deposit d) Recurring deposit 53) Which of the following is not a type of advance provided by commercial bank? a) Overdraft b) Cash credit c) Collecting and supplying business information d) Discounting of bills 54) Warehouses remove the hindrance of ______________ a) Risk b) Knowledge c) Person d) Time 55) A warehouse holds goods as a __________ center. a) Marketing b) selling c) sorting d) distribution 56) ________can be given as a collateral security for getting financial assistance from bank. a) Warehouse receipt b) Dock receipt c) Warehouse warrant d) Dock warrant 57) ____ warehouses are licensed by the government and are permitted to accept the goods on bond. a) Bonded b) Public c) All the Above d) Cold Storage 58) _________ warehouses are used for storing perishable goods like fruits, vegetables etc. a) Bonded b) Cold storage c) Co-operative d) Private 59) Transport removes the hindrance of a) Knowledge b) Time c) Place d) Person 60) Air consignment note is prepared in _____ forms a) One b) Two c) Three d) Four 61) __________ is a document acknowledging the receipt of goods by a) Consignment note b) Charter party c) carrier d) Waybill 62) Which is the fastest means of transport? a) Rail b) Road c) Sea d) Air 63) The basic principle of insurance is ________ a) Subrogation b) Proximate causa c) Insurable Interest d) Co-Operation 64) ______ is not a type of general insurance a) Fire Insurance b) Marine Insurance c) Life Insurance d) Fidelity Insurance 65) Which of the following is not a function of insurance? a) Capital formation b) Protection of life c) Lending Funds d) Risk sharing 66) Which of the following in not applicable in insurance contract? a) Indemnity contract b) Inter-personal contract c) Unilateral contract d) Conditional contract 67) Which one of the following is a type of marine insurance? a) Money Back Policy b) Cargo Insurance c) Hull Insurance d) both Cargo Insurance & Hull Insurance 68) A continuing relationship which provides a licence privileges to do business and provides training, merchandising for a consideration is called ____________ a) Franchising b) Factoring c) Supply Chain Management d) Exchange 69) Buying and selling of goods through electronic network is known as _____ a) Website b) Trade c) E-commerce d) internet 70) An organization carrying out activities to move goods from producer to consumer is a) Channels b) Marketing c) Transport d) Logistics 71) The main benefit of Logistics is a) Storage b) Productivity c) Cost Minimisation d) Profitability 72) The main benefit of outsourcing is a) Units b) Productivity c) Cost reduction d) Skill 73) Which type of Responsibility gives the benefit to the Society out of its profits earned? a) Ethical b) Moral c) Economic d) Legal 74) The Stakeholders of Socially Responsible business units are except a) Government b) Company c) Share Holders d) Employees 75) Assuming Social Responsibility of business helps the enterprise in a) Sustainability b) Equilibrium c) Increase profit d) Decrease profit 76) Socially Responsible business provides goods at a) reasonable price b) moderate price c) high price d) low price 77) Social Responsibility towards employees represents the following except a) proper facilities b) Social security c) (d) exploitation d) reasonable remuneration 78) Which of the following helps in maximising sale of goods to society? a) Ethics b) Professional management c) Business success d) laws and regulations 79) Ethics is important for a) Non managerial employees b) Top management c) Middle level managers d) All of them 80) Which of the following does not ensure effective ethical practices in a business enterprise a) Publication of a code b) Involvement of employees c) Establishment of compliance d) none of them 81) The role of top management is to guide the entire organisation towards a) Ethically upright behaviour b) Individual behaviour c) General behaviour d) Organisavtion behaviour 82) The ethical conduct of employees leading to standard practices results in  a) ethical behaviour b) correct decision making c) good behaviour d) bad behaviour 83) What is defined as the provision of money at the time when it is required? a) cash management b) bank c) finance d) none of these 84) Internal sources of capital are those that are __________________ a) generated through outsiders such as suppliers b) generated through loans from commercial banks c) generated through issue of shares d) generated within the business 85) Debenture holders are entitled to a fixed rate of ___________ a) Interest b) Ratios c) Dividend d) Profits 86) Public deposits are the deposits which are raised directly from ______ a) The auditors b) The owners c) The public d) The directors 87) Equity shareholders are the __________ of a company a) Debtors b) Employees c) Creditors d) Owners 88) An instrument representing ownership interest in securities of a foreign issuer is called ___________ a) a depositary receipt. b) an ownership receipt c) None of the above. d) an ownership certificate 89) Issuance of DRs is based on the increase of demand in the a) International market b) Local market c) Existing shareholders d) All of the above 90) ADRs are issued in a) Canada b) China c) India d) The USA 91) Depositary receipts that are traded in an international market other than the United States are called a) Global Depositary Receipts b) International Depositary Receipts. c) Open Market Depositary Receipts d) Special Drawing Rights. 92) __________ bond is a special type of bond issued in the currency other than the home currency. a) Government Bonds b) Foreign Currency Convertible Bond c) Corporate Bonds d) Investment Bonds

+1 Com Qly L 1 - L 20 Prepared by M.MuthuSelvam Cell: 9842104826

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