All Exams >
Commerce >
Online MCQ Tests for Commerce >
All Questions
All questions of Business Studies (BST) Class 11 for Commerce Exam
Complaint lodged by a customer at the company?s call centre is _______ type of e-business transaction.- a)B2B Commerce
- b)C2B Commerce
- c)C2C Commerce
- d)B2C Commerce
Correct answer is option 'B'. Can you explain this answer?
Complaint lodged by a customer at the company?s call centre is _______ type of e-business transaction.
a)
B2B Commerce
b)
C2B Commerce
c)
C2C Commerce
d)
B2C Commerce
|
Mukunth Shiva answered |
Actually B2C also gives scope for C2B transactions(i.e) the customers can also
Which of the following statement is NOT true about a minor partner?- a)He has to bear losses also
- b)He can inspect books of accounts
- c)He has an option to continue with a firm even after attaining majority
- d)He shares only profits.
Correct answer is option 'A'. Can you explain this answer?
Which of the following statement is NOT true about a minor partner?
a)
He has to bear losses also
b)
He can inspect books of accounts
c)
He has an option to continue with a firm even after attaining majority
d)
He shares only profits.
|
Akshara Chopra answered |
Minor Partner in a Partnership Firm
A minor partner is one who is under the age of 18 and above 12 years. Here are some statements that are true about a minor partner:
• He can share profits: A minor partner is entitled to share in the profits of the partnership firm.
• He can inspect books of accounts: A minor partner has the right to inspect the books of accounts of the partnership firm.
• He has an option to continue with a firm even after attaining majority: A minor partner has the option to continue with the partnership firm even after attaining the age of 18 years.
However, the statement that is not true about a minor partner is:
• He has to bear losses also: This statement is not true as a minor partner is not liable for any losses incurred by the partnership firm. The liability of a minor partner is limited to the extent of his investment in the partnership firm.
Conclusion:
A minor partner is an important member of a partnership firm, and he enjoys certain rights and privileges. However, he is not liable for the losses incurred by the firm, and his liability is limited to his investment in the firm.
A minor partner is one who is under the age of 18 and above 12 years. Here are some statements that are true about a minor partner:
• He can share profits: A minor partner is entitled to share in the profits of the partnership firm.
• He can inspect books of accounts: A minor partner has the right to inspect the books of accounts of the partnership firm.
• He has an option to continue with a firm even after attaining majority: A minor partner has the option to continue with the partnership firm even after attaining the age of 18 years.
However, the statement that is not true about a minor partner is:
• He has to bear losses also: This statement is not true as a minor partner is not liable for any losses incurred by the partnership firm. The liability of a minor partner is limited to the extent of his investment in the partnership firm.
Conclusion:
A minor partner is an important member of a partnership firm, and he enjoys certain rights and privileges. However, he is not liable for the losses incurred by the firm, and his liability is limited to his investment in the firm.
A person gets his stock worth Rs. 50,000 insured for Rs. 70,000. A fire occurs and the whole stock gets damaged. The Insurance Company admits a claim of Rs. 50,000 only and not Rs. 70,000. Identify the principle of insurance being applied?- a)Principle of Indemnity
- b)Principle of Insurable Interest
- c)Principle of Subrogation
- d)Principle of Contribution
Correct answer is option 'A'. Can you explain this answer?
A person gets his stock worth Rs. 50,000 insured for Rs. 70,000. A fire occurs and the whole stock gets damaged. The Insurance Company admits a claim of Rs. 50,000 only and not Rs. 70,000. Identify the principle of insurance being applied?
a)
Principle of Indemnity
b)
Principle of Insurable Interest
c)
Principle of Subrogation
d)
Principle of Contribution
|
Anisha Chauhan answered |
Principle of Indemnity in Insurance
The principle of indemnity is a fundamental principle of insurance, which states that the insurance policyholder should be compensated for the actual financial loss suffered due to the insured event, but not more than that amount. The principle is applicable to all types of insurance policies, including fire insurance.
In the given case, the person got his stock worth Rs. 50,000 insured for Rs. 70,000. This means that the insured value was more than the actual value of the stock. However, the principle of indemnity ensures that the insured person can only claim compensation for the actual loss suffered, which is Rs. 50,000, and not more than that.
When a fire occurred and the whole stock got damaged, the insurance company admitted a claim of Rs. 50,000 only, as per the principle of indemnity. This means that the policyholder received compensation for the actual loss suffered, and not for the inflated value of the stock.
Advantages of Principle of Indemnity
The principle of indemnity provides several advantages to both the insurer and the insured:
1. It prevents over-insurance and maintains the principle of insurable interest.
2. It ensures that the insured person is compensated only for his actual loss, which deters fraudulent claims.
3. It promotes fairness and equity in the settlement of claims.
4. It helps in reducing the cost of insurance premiums, as the insurance company does not have to bear the burden of inflated claims.
Conclusion
The principle of indemnity is an essential principle of insurance, which ensures that the policyholder is compensated for his actual loss and not more than that. In the given case, the insurance company admitted a claim of Rs. 50,000 only, as per the principle of indemnity, and provided fair and equitable compensation to the insured person.
The principle of indemnity is a fundamental principle of insurance, which states that the insurance policyholder should be compensated for the actual financial loss suffered due to the insured event, but not more than that amount. The principle is applicable to all types of insurance policies, including fire insurance.
In the given case, the person got his stock worth Rs. 50,000 insured for Rs. 70,000. This means that the insured value was more than the actual value of the stock. However, the principle of indemnity ensures that the insured person can only claim compensation for the actual loss suffered, which is Rs. 50,000, and not more than that.
When a fire occurred and the whole stock got damaged, the insurance company admitted a claim of Rs. 50,000 only, as per the principle of indemnity. This means that the policyholder received compensation for the actual loss suffered, and not for the inflated value of the stock.
Advantages of Principle of Indemnity
The principle of indemnity provides several advantages to both the insurer and the insured:
1. It prevents over-insurance and maintains the principle of insurable interest.
2. It ensures that the insured person is compensated only for his actual loss, which deters fraudulent claims.
3. It promotes fairness and equity in the settlement of claims.
4. It helps in reducing the cost of insurance premiums, as the insurance company does not have to bear the burden of inflated claims.
Conclusion
The principle of indemnity is an essential principle of insurance, which ensures that the policyholder is compensated for his actual loss and not more than that. In the given case, the insurance company admitted a claim of Rs. 50,000 only, as per the principle of indemnity, and provided fair and equitable compensation to the insured person.
A person who is not a partner in a firm but knowingly allows himself to be represented as a partner in a firm is called _______- a)Partner by holding out
- b)Sleeping partner
- c)Active partner
- d)Nominal partner
Correct answer is option 'A'. Can you explain this answer?
A person who is not a partner in a firm but knowingly allows himself to be represented as a partner in a firm is called _______
a)
Partner by holding out
b)
Sleeping partner
c)
Active partner
d)
Nominal partner
|
Arun Yadav answered |
Partner by holding out (Section 28)
Partnership by holding out is also called as a partnership by estoppel. This is when an individual holds himself out as a partner or allows others to do so, the person is then stopped from denying the character he has assumed and upon the faith of which creditors may be presumed to have acted. When an individual represents himself or knowingly permits himself, to be represented as a partner in a partnership firm (when in fact he is not) he is liable, like a partner in the firm to anyone who on the faith of such representation, had given credit to the firm.
Money withdrawn through ATM is ___ type of e-business transaction- a)C2C Commerce
- b)B2C Commerce
- c)B2B Commerce
- d)C2B Commerce
Correct answer is option 'B'. Can you explain this answer?
Money withdrawn through ATM is ___ type of e-business transaction
a)
C2C Commerce
b)
B2C Commerce
c)
B2B Commerce
d)
C2B Commerce
|
|
Arun Yadav answered |
B2C is a business model based on transactions between a company, that sells products or services, and individual customers who are the end-users of these products.
In this case a bank is company providing services which is being availed by the customer by withdrawing money from his bank through an ATM.
In this case a bank is company providing services which is being availed by the customer by withdrawing money from his bank through an ATM.
The maximum number of partners allowed in the banking business are
a)Tenb)Twoc)Twentyd)No limitCorrect answer is option 'C'. Can you explain this answer?
|
|
Aryan Khanna answered |
Correct Answer :- c
Explanation : As per the Companies Act, 2013 the maximum number of members in a partnership firm is 100. The minimum number of partners should be atleast 2. The maximum number of members for a firm carrying banking business is 10.
The maximum number of partners allowed in the banking business are- a)Ten
- b)No limit
- c)Twenty
- d)Two.
Correct answer is option 'A'. Can you explain this answer?
The maximum number of partners allowed in the banking business are
a)
Ten
b)
No limit
c)
Twenty
d)
Two.
|
Ishan Choudhury answered |
The correct answer is 10 .The new Companies Act 2013 has prescribed the maximum number of members in case of a partnership firm should not be more than 100 in case of partnerships. As per the previous Companies Act 1956, the maximum limit in case of partnerships was 10 and 20 for banking business and other businesses respectively.
Profits do not have to be shared. This statement refers to- a)Company
- b)Joint Hindu family business
- c)Partnership
- d)Sole proprietorship
Correct answer is option 'D'. Can you explain this answer?
Profits do not have to be shared. This statement refers to
a)
Company
b)
Joint Hindu family business
c)
Partnership
d)
Sole proprietorship
|
|
Arjun Singhania answered |
Sole proprietorship refers to a form of organization where business is owned, managed and controlled by a single individual who bears all the risks and is the only recipient of all the profits.
____ Sector consists of various organisations owned and managed by Government- a)Service Sector
- b)Private Sector
- c)Manufacturing Sector
- d)Public Sector
Correct answer is option 'D'. Can you explain this answer?
____ Sector consists of various organisations owned and managed by Government
a)
Service Sector
b)
Private Sector
c)
Manufacturing Sector
d)
Public Sector
|
Jayant Mishra answered |
the public sector (also called the state sector) is the part of the economy composed of both public services and public enterprises.Public services include public goods and governmental services
Both buyers and sellers are customers under_______ type of e-business transaction- a)B2B Commerce
- b)C2C Commerce
- c)C2B Commerce
- d)B2C Commerce
Correct answer is option 'B'. Can you explain this answer?
Both buyers and sellers are customers under_______ type of e-business transaction
a)
B2B Commerce
b)
C2C Commerce
c)
C2B Commerce
d)
B2C Commerce
|
Ansh Garg answered |
Correct answer is B : C2c business because the meaning of c2c business is
Which of the following is the relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.?- a)Partnership
- b)Cooperative Society
- c)Joint Hindu family business
- d)Sole Proprietorship
Correct answer is option 'A'. Can you explain this answer?
Which of the following is the relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.?
a)
Partnership
b)
Cooperative Society
c)
Joint Hindu family business
d)
Sole Proprietorship
|
Tejas Joshi answered |
The Indian Partnership Act, 1932 defines partnership as "the relation between persons who have agreed to share the profit of the business carried on by all or anyone of them acting for all." Some people consider partnership to be relatively unpopular because the inherent features of partnership such as joint risk bearing and profit sharing, collective decision making, unlimited liability of partners, etc. Sometimes lead to conflicts among partners and undue burden on some of the partners.
In the industrial policy resolution _____ the Government of India has specified the approach towards development of the industrial sector.
- a)1948
- b)1956
- c)1932
- d)2009
Correct answer is option 'A'. Can you explain this answer?
In the industrial policy resolution _____ the Government of India has specified the approach towards development of the industrial sector.
a)
1948
b)
1956
c)
1932
d)
2009
|
Kiran Mehta answered |
In the Industrial Policy Resolution 1948, the Government of India had specified the approach towards development of the industrial sector. The roles of the private and public sector were clearly defined and the government through various Acts and Regulations was overseeing the economic activities of both the private and public sector.
This a MCQ (Multiple Choice Question) based practice test of Chapter 8 - Small Business of Business Studies of Class XI (11) for the quick revision/preparation of School Board examinations
Q In India, the ?Village and Small Industries? Sector consists of both traditional and modern small industries. This sector has __________ subgroups.- a)Eleven
- b)Ten
- c)Five
- d)Eight
Correct answer is option 'D'. Can you explain this answer?
This a MCQ (Multiple Choice Question) based practice test of Chapter 8 - Small Business of Business Studies of Class XI (11) for the quick revision/preparation of School Board examinations
Q In India, the ?Village and Small Industries? Sector consists of both traditional and modern small industries. This sector has __________ subgroups.
a)
Eleven
b)
Ten
c)
Five
d)
Eight
|
|
Kavita Joshi answered |
In India, the ‘village and small industries sector’ consists of both ‘traditional’ and ‘modern’ small industries. This sector has eight subgroups. They are handlooms, handicrafts, coir, sericulture, khadi and village industries, small scale industries and powerlooms.
The last two come under the modern small industries, while the others come under traditional industries. Village and small industries together provide the largest employment opportunities in India.
A partner whose association with the firm is unknown to the general public is called- a)Active partner
- b)Nominal partner
- c)Secret partner
- d)Sleeping partner
Correct answer is option 'C'. Can you explain this answer?
A partner whose association with the firm is unknown to the general public is called
a)
Active partner
b)
Nominal partner
c)
Secret partner
d)
Sleeping partner
|
Sounak Chaudhary answered |
A secret partner is one whose association with the firm is unknown to the general public. He is like the rest of the partners in all other aspects.
Which of the following is not a function of insurance?
- a)Risk sharing
- b)Assist in capital formation
- c)Cattle insurance
- d)None of the above
Correct answer is option 'C'. Can you explain this answer?
Which of the following is not a function of insurance?
a)
Risk sharing
b)
Assist in capital formation
c)
Cattle insurance
d)
None of the above
|
Vikas Kapoor answered |
Insuring anything other than human life is called general insurance. Examples are insuring property like house and belongings against fire and theft or vehicles against accidental damage or theft. Injury due to accident or hospitalization for illness and surgery can also be insured. Your liabilities to others arising out of the law can also be insured and is compulsory in some cases like motor third party insurance.
In case of ___________ Registration is compulsory- a)Partnership
- b)Sole Proprietorship
- c)Company
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
In case of ___________ Registration is compulsory
a)
Partnership
b)
Sole Proprietorship
c)
Company
d)
None of these
|
Divya Soni answered |
Company's registration is compulsory
The karta in Joint Hindu family business has- a)Limited liability
- b)No liability for debts
- c)Unlimited liability
- d)Joint liability
Correct answer is option 'C'. Can you explain this answer?
The karta in Joint Hindu family business has
a)
Limited liability
b)
No liability for debts
c)
Unlimited liability
d)
Joint liability
|
|
Alok Mehta answered |
The is the eldest male member of a Joint Hindu family who is responsible for decision making in the family business. He needs no permission from the coparceners (joint heirs) before taking any action. Since the has complete control over the business, his liability is unlimited. On the other hand, the liability of all coparceners is limited to their share in the family business.
___________ consists of business owned by individuals or a group of individuals- a)Public Sector
- b)Private Sector
- c)Service Sector
- d)None of these
Correct answer is option 'B'. Can you explain this answer?
___________ consists of business owned by individuals or a group of individuals
a)
Public Sector
b)
Private Sector
c)
Service Sector
d)
None of these
|
|
Aryan Khanna answered |
The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled.
The term 'redeemable' is used for
- a)Public deposits
- b)Preference shares
- c)Equity shares
- d)Commercial paper
Correct answer is option 'B'. Can you explain this answer?
The term 'redeemable' is used for
a)
Public deposits
b)
Preference shares
c)
Equity shares
d)
Commercial paper
|
|
Ishan Choudhury answered |
The term "redeemable" is typically used for preference shares. Redeemable preference shares are those that can be redeemed by the issuing company after a certain period of time or on a specific date, at a predetermined price. This means that the company can buy back these shares from the shareholders at a fixed price and retire them, thereby reducing its overall share capital. Redeemable preference shares are considered to be a hybrid security, as they have characteristics of both equity and debt.
The maturity period of a commercial paper usually ranges from- a)120 to 365 days
- b)60 to 90 days
- c)90 to 364 days
- d)20 to 40 days
Correct answer is option 'C'. Can you explain this answer?
The maturity period of a commercial paper usually ranges from
a)
120 to 365 days
b)
60 to 90 days
c)
90 to 364 days
d)
20 to 40 days
|
|
Arjun Singhania answered |
Commercial paper is an unsecured promissory note issued by a firm to raise funds for a short period, varying from 90 days to 364 days after which it has to be redeemed.
Which of the following alone can ensure effective ethics programme in a business enterprise?
a)Publication of a codeb)Involvement of employeesc)Establishment of compliance mechanismd)None of themCorrect answer is option 'B'. Can you explain this answer?
a)Publication of a code
b)Involvement of employees
c)Establishment of compliance mechanism
d)None of them
Correct answer is option 'B'. Can you explain this answer?
|
|
Arun Khanna answered |
Involvement of employees in ethics programmes is essential as it is the employees at different levels who implement ethics policies to make ethical business a reality.
Which one of the following is the advantage of Equity shares?- a)No charge on assets
- b)Dilution of control
- c)Higher cost
- d)Risk.
Correct answer is option 'A'. Can you explain this answer?
Which one of the following is the advantage of Equity shares?
a)
No charge on assets
b)
Dilution of control
c)
Higher cost
d)
Risk.
|
Gaurav Kumar answered |
Correct Answer :- a
Explanation : There is no requirement of creating a charge over the assets of the company when equity shares are issued. The liability of the equity shares is not required to be paid. The company does not have any obligation to pay dividend to the shareholders.
The members of which of the following business organizations do not have limited liability?- a)Sole Proprietorship
- b)Joint Stock Company
- c)Cooperative Societies
- d)Government Company
Correct answer is option 'A'. Can you explain this answer?
The members of which of the following business organizations do not have limited liability?
a)
Sole Proprietorship
b)
Joint Stock Company
c)
Cooperative Societies
d)
Government Company
|
Naina Sharma answered |
According to me, The sole proprietor is personally liable for all the debts. ln case of heavy losses the proprietor will not only loss all his business assets but he may have to sell his personal property to pay back his debts.
In 2001 only _________ industries were reserved exclusively for public sector- a)9
- b)3
- c)12
- d)5
Correct answer is option 'B'. Can you explain this answer?
In 2001 only _________ industries were reserved exclusively for public sector
a)
9
b)
3
c)
12
d)
5
|
Bhavana Chauhan answered |
In 2001, only three industries were reserved exclusively for the public sector in India. These industries were:
1. Atomic Energy: The atomic energy sector, including the production of nuclear power, was reserved exclusively for the public sector. This meant that only government-owned entities were allowed to engage in activities related to atomic energy.
2. Railways Transport: The railways transport sector, including the operation of passenger and freight trains, was also reserved exclusively for the public sector. This meant that private companies were not allowed to operate trains or provide railway transportation services.
3. Arms and Ammunition and the allied items of defense equipment: The production of arms and ammunition, as well as other defense equipment, was reserved exclusively for the public sector. This was done to ensure national security and maintain control over the production and distribution of defense-related items.
Explanation:
During the early years of India's independence, the government followed a policy of socialism and believed in the importance of the public sector in driving economic growth and development. As a result, several industries were reserved exclusively for the public sector, meaning that private companies were not allowed to operate in these sectors.
However, in the late 1980s and 1990s, the Indian government introduced economic reforms and liberalization policies to encourage private sector participation and attract foreign investment. This included reducing the number of industries reserved exclusively for the public sector.
By 2001, the government had significantly reduced the number of industries reserved exclusively for the public sector. This was done to promote competition, increase efficiency, and stimulate economic growth. Today, the Indian economy is characterized by a mix of public and private sector enterprises across various industries.
It is important to note that while only three industries were reserved exclusively for the public sector in 2001, there are still certain sectors where the government maintains a significant presence or control. These include sectors such as banking, insurance, and defense, where the government continues to play a crucial role in policy-making and regulation.
1. Atomic Energy: The atomic energy sector, including the production of nuclear power, was reserved exclusively for the public sector. This meant that only government-owned entities were allowed to engage in activities related to atomic energy.
2. Railways Transport: The railways transport sector, including the operation of passenger and freight trains, was also reserved exclusively for the public sector. This meant that private companies were not allowed to operate trains or provide railway transportation services.
3. Arms and Ammunition and the allied items of defense equipment: The production of arms and ammunition, as well as other defense equipment, was reserved exclusively for the public sector. This was done to ensure national security and maintain control over the production and distribution of defense-related items.
Explanation:
During the early years of India's independence, the government followed a policy of socialism and believed in the importance of the public sector in driving economic growth and development. As a result, several industries were reserved exclusively for the public sector, meaning that private companies were not allowed to operate in these sectors.
However, in the late 1980s and 1990s, the Indian government introduced economic reforms and liberalization policies to encourage private sector participation and attract foreign investment. This included reducing the number of industries reserved exclusively for the public sector.
By 2001, the government had significantly reduced the number of industries reserved exclusively for the public sector. This was done to promote competition, increase efficiency, and stimulate economic growth. Today, the Indian economy is characterized by a mix of public and private sector enterprises across various industries.
It is important to note that while only three industries were reserved exclusively for the public sector in 2001, there are still certain sectors where the government maintains a significant presence or control. These include sectors such as banking, insurance, and defense, where the government continues to play a crucial role in policy-making and regulation.
__________ company does not invite public to subscribe to its share capital- a)Both Private and Public Company
- b)Public Company
- c)Private Company
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
__________ company does not invite public to subscribe to its share capital
a)
Both Private and Public Company
b)
Public Company
c)
Private Company
d)
None of these
|
Gauri Kaur answered |
Private Company does not invite public to subscribe to its share capital
Explanation:
A private company is a type of company formed privately by a group of individuals, and it is not open to the public to subscribe to its share capital. The following are the reasons why private companies do not invite the public to subscribe to their share capital:
1. Limited number of shareholders: Private companies have a limited number of shareholders, and they do not offer their shares to the public. The shareholders of a private company are usually family members or close friends.
2. No need for public funding: Private companies are not required to raise capital from the public. They can raise capital from their shareholders or from banks and financial institutions.
3. Avoiding public scrutiny: Private companies prefer to avoid public scrutiny as they are not required to disclose their financial and other business information to the public.
4. Control: Private companies prefer to maintain control over their business and do not want to dilute their ownership by offering shares to the public.
In conclusion, private companies do not invite the public to subscribe to their share capital as they prefer to maintain control over their business, avoid public scrutiny, and raise capital from their shareholders or from banks and financial institutions.
Explanation:
A private company is a type of company formed privately by a group of individuals, and it is not open to the public to subscribe to its share capital. The following are the reasons why private companies do not invite the public to subscribe to their share capital:
1. Limited number of shareholders: Private companies have a limited number of shareholders, and they do not offer their shares to the public. The shareholders of a private company are usually family members or close friends.
2. No need for public funding: Private companies are not required to raise capital from the public. They can raise capital from their shareholders or from banks and financial institutions.
3. Avoiding public scrutiny: Private companies prefer to avoid public scrutiny as they are not required to disclose their financial and other business information to the public.
4. Control: Private companies prefer to maintain control over their business and do not want to dilute their ownership by offering shares to the public.
In conclusion, private companies do not invite the public to subscribe to their share capital as they prefer to maintain control over their business, avoid public scrutiny, and raise capital from their shareholders or from banks and financial institutions.
In which year Insurance Act was amended in India?- a)1940
- b)1928
- c)1938
- d)1945
Correct answer is option 'C'. Can you explain this answer?
In which year Insurance Act was amended in India?
a)
1940
b)
1928
c)
1938
d)
1945
|
|
Kavita Joshi answered |
AN INSURANCE company has been defined as a company (amendment to Insurance Act, 1938, Section 2 clause 7A(c)) whose sole purpose is to carry on life insurance business or general insurance business or re-insurance business.
What do you understand by the term unlimited liability?- a)The personal assets of owner can be sold when the assets of the business are not enough to
- b)The personal assets of owner cannot be sold at all.
- c)The personal assets of owner can be sold, according to the wish of the creditors
- d)The personal assets of owner can be sold, only to a limited extent.
Correct answer is option 'A'. Can you explain this answer?
What do you understand by the term unlimited liability?
a)
The personal assets of owner can be sold when the assets of the business are not enough to
b)
The personal assets of owner cannot be sold at all.
c)
The personal assets of owner can be sold, according to the wish of the creditors
d)
The personal assets of owner can be sold, only to a limited extent.
|
Arshiya Choudhury answered |
Unlimited liability refers to a legal concept in which the owner or partners of a business are personally liable for all the debts and obligations of the business. This means that if the business fails to meet its financial obligations, the personal assets of the owner can be sold to cover the outstanding debts.
Explanation:
1. Personal assets can be sold to cover business debts:
Unlimited liability means that the personal assets of the owner can be sold when the assets of the business are not enough to cover its debts. In other words, if the business fails and is unable to pay its creditors, the owner's personal assets such as their house, car, savings, and investments can be seized and sold to repay the outstanding debts.
2. Personal assets are used to satisfy business obligations:
In the case of unlimited liability, the owner's personal assets become liable for the debts and obligations of the business. This is different from limited liability, where the owner's personal assets are protected, and only the assets of the business are at risk.
3. Protection of creditors' interests:
The concept of unlimited liability ensures that creditors have a higher level of security when lending money or extending credit to a business. It provides them with the assurance that if the business fails to repay its debts, they can pursue the owner's personal assets to recover their money. This reduces the risk for creditors and can make it easier for businesses to secure loans or credit.
4. Impact on the owner's financial well-being:
Unlimited liability can have significant implications for the owner's personal financial well-being. If the business accumulates substantial debt and fails, the owner may lose their personal assets, leading to financial ruin. This risk can discourage individuals from starting or expanding businesses, particularly in industries with high levels of uncertainty or risk.
Conclusion:
In summary, unlimited liability means that the personal assets of the owner can be sold when the assets of the business are not enough to cover its debts. This concept provides a higher level of security for creditors but also exposes the owner to significant personal financial risk. It is important for entrepreneurs to understand the implications of unlimited liability when considering different business structures and risk management strategies.
Explanation:
1. Personal assets can be sold to cover business debts:
Unlimited liability means that the personal assets of the owner can be sold when the assets of the business are not enough to cover its debts. In other words, if the business fails and is unable to pay its creditors, the owner's personal assets such as their house, car, savings, and investments can be seized and sold to repay the outstanding debts.
2. Personal assets are used to satisfy business obligations:
In the case of unlimited liability, the owner's personal assets become liable for the debts and obligations of the business. This is different from limited liability, where the owner's personal assets are protected, and only the assets of the business are at risk.
3. Protection of creditors' interests:
The concept of unlimited liability ensures that creditors have a higher level of security when lending money or extending credit to a business. It provides them with the assurance that if the business fails to repay its debts, they can pursue the owner's personal assets to recover their money. This reduces the risk for creditors and can make it easier for businesses to secure loans or credit.
4. Impact on the owner's financial well-being:
Unlimited liability can have significant implications for the owner's personal financial well-being. If the business accumulates substantial debt and fails, the owner may lose their personal assets, leading to financial ruin. This risk can discourage individuals from starting or expanding businesses, particularly in industries with high levels of uncertainty or risk.
Conclusion:
In summary, unlimited liability means that the personal assets of the owner can be sold when the assets of the business are not enough to cover its debts. This concept provides a higher level of security for creditors but also exposes the owner to significant personal financial risk. It is important for entrepreneurs to understand the implications of unlimited liability when considering different business structures and risk management strategies.
A company cannot came into existence without- a)Issuing prospectus
- b)Electing directors
- c)Certificate of incorporation
- d)All of the options.
Correct answer is option 'A'. Can you explain this answer?
A company cannot came into existence without
a)
Issuing prospectus
b)
Electing directors
c)
Certificate of incorporation
d)
All of the options.
|
Ujwal Patel answered |
Issuing Prospectus is necessary for the existence of a company
Introduction:
Starting a company requires a lot of legal formalities to be completed before it can begin operations. One of the most important requirements is the issuance of a prospectus, which is a document that provides all the relevant information about the company to potential investors.
What is a Prospectus?
A prospectus is a legal document that contains all the relevant information about a company that is planning to offer its shares to the public. It includes details such as the company's business model, financial statements, management structure, and future plans. The Securities and Exchange Board of India (SEBI) has laid down strict guidelines for the preparation and issuance of prospectuses, which must be followed by all companies.
Why is a Prospectus important?
A prospectus is important because it provides potential investors with all the relevant information they need to make an informed decision about whether to invest in a company or not. It also helps the company to raise capital by attracting investors who are interested in the company's business model, financial performance, and future prospects.
Legal Requirements for Issuing a Prospectus:
SEBI has laid down strict guidelines for the preparation and issuance of prospectuses. These guidelines are designed to protect investors from fraudulent companies and ensure that they have access to all the relevant information about a company before investing in it. Some of the legal requirements for issuing a prospectus are:
- The prospectus must be approved by SEBI before it can be issued to the public.
- The prospectus must contain all the relevant information about the company, including its business model, financial statements, management structure, and future plans.
- The prospectus must be written in clear and simple language that can be easily understood by potential investors.
- The prospectus must be filed with the Registrar of Companies before it can be issued to the public.
Conclusion:
Issuing a prospectus is a necessary step in the process of starting a company. It provides potential investors with all the relevant information they need to make an informed decision about whether to invest in the company or not. Companies need to comply with SEBI guidelines for the preparation and issuance of prospectuses to ensure that they are transparent and provide investors with accurate information.
Introduction:
Starting a company requires a lot of legal formalities to be completed before it can begin operations. One of the most important requirements is the issuance of a prospectus, which is a document that provides all the relevant information about the company to potential investors.
What is a Prospectus?
A prospectus is a legal document that contains all the relevant information about a company that is planning to offer its shares to the public. It includes details such as the company's business model, financial statements, management structure, and future plans. The Securities and Exchange Board of India (SEBI) has laid down strict guidelines for the preparation and issuance of prospectuses, which must be followed by all companies.
Why is a Prospectus important?
A prospectus is important because it provides potential investors with all the relevant information they need to make an informed decision about whether to invest in a company or not. It also helps the company to raise capital by attracting investors who are interested in the company's business model, financial performance, and future prospects.
Legal Requirements for Issuing a Prospectus:
SEBI has laid down strict guidelines for the preparation and issuance of prospectuses. These guidelines are designed to protect investors from fraudulent companies and ensure that they have access to all the relevant information about a company before investing in it. Some of the legal requirements for issuing a prospectus are:
- The prospectus must be approved by SEBI before it can be issued to the public.
- The prospectus must contain all the relevant information about the company, including its business model, financial statements, management structure, and future plans.
- The prospectus must be written in clear and simple language that can be easily understood by potential investors.
- The prospectus must be filed with the Registrar of Companies before it can be issued to the public.
Conclusion:
Issuing a prospectus is a necessary step in the process of starting a company. It provides potential investors with all the relevant information they need to make an informed decision about whether to invest in the company or not. Companies need to comply with SEBI guidelines for the preparation and issuance of prospectuses to ensure that they are transparent and provide investors with accurate information.
This a MCQ (Multiple Choice Question) based practice test of Chapter 4 - Business Services of Business Studies of Class XI (11) for the quick revision/preparation of School Board examinationsQ DTH services are provided by ________- a)Transport companies
- b)Banks
- c)Cellular companies
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
This a MCQ (Multiple Choice Question) based practice test of Chapter 4 - Business Services of Business Studies of Class XI (11) for the quick revision/preparation of School Board examinations
Q DTH services are provided by ________
a)
Transport companies
b)
Banks
c)
Cellular companies
d)
None of these
|
|
Alok Mehta answered |
DTH (Direct to Home) is a satellite based
At least 10 adults, no maximum limit in case of ________- a)Joint Hindu Family
- b)Cooperative Society
- c)Company
- d)Partnership
Correct answer is option 'B'. Can you explain this answer?
At least 10 adults, no maximum limit in case of ________
a)
Joint Hindu Family
b)
Cooperative Society
c)
Company
d)
Partnership
|
Ruchi Basak answered |
Cooperative Society
A cooperative society is an association of individuals who come together voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise. It is a form of business organization that is owned and controlled by its members who have equal voting rights.
Minimum and Maximum Members
In the case of a cooperative society, there is a minimum and maximum limit on the number of members. The minimum number of members required to form a cooperative society is ten in India. However, there is no maximum limit on the number of members in a cooperative society.
Advantages of Cooperative Society
1. Democratic Control: Cooperative societies are democratically controlled by their members who have equal voting rights.
2. Limited Liability: The liability of the members is limited to the extent of their share capital in the cooperative society.
3. Economic Viability: Cooperative societies are economically viable as they are not driven by profit motives but by the needs and aspirations of their members.
4. Social Benefits: Cooperative societies provide social benefits to their members by promoting education, health, and other social activities.
5. Tax Benefits: Cooperative societies enjoy tax benefits in the form of exemptions and deductions from income tax.
Conclusion
In conclusion, a cooperative society is a form of business organization that has a minimum requirement of ten members and no maximum limit on the number of members. It is owned and controlled by its members who have equal voting rights. Cooperative societies provide economic, social, and tax benefits to their members and are an important part of the Indian economy.
A cooperative society is an association of individuals who come together voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise. It is a form of business organization that is owned and controlled by its members who have equal voting rights.
Minimum and Maximum Members
In the case of a cooperative society, there is a minimum and maximum limit on the number of members. The minimum number of members required to form a cooperative society is ten in India. However, there is no maximum limit on the number of members in a cooperative society.
Advantages of Cooperative Society
1. Democratic Control: Cooperative societies are democratically controlled by their members who have equal voting rights.
2. Limited Liability: The liability of the members is limited to the extent of their share capital in the cooperative society.
3. Economic Viability: Cooperative societies are economically viable as they are not driven by profit motives but by the needs and aspirations of their members.
4. Social Benefits: Cooperative societies provide social benefits to their members by promoting education, health, and other social activities.
5. Tax Benefits: Cooperative societies enjoy tax benefits in the form of exemptions and deductions from income tax.
Conclusion
In conclusion, a cooperative society is a form of business organization that has a minimum requirement of ten members and no maximum limit on the number of members. It is owned and controlled by its members who have equal voting rights. Cooperative societies provide economic, social, and tax benefits to their members and are an important part of the Indian economy.
The board of directors of a joint stock company is elected by- a)Employees
- b)Government bodies
- c)Shareholders
- d)General public
Correct answer is option 'C'. Can you explain this answer?
The board of directors of a joint stock company is elected by
a)
Employees
b)
Government bodies
c)
Shareholders
d)
General public
|
Sai Kulkarni answered |
The Shareholders Meeting of a joint stock company (JSC) has the authority to appoint and dismiss members of the Board of Directors. Appointment of a Board Member must be conducted through cumulative voting. Under cumulative voting principle, whenever a JSC elects new Board Members, each shareholder will have a number of votes equal to the number of new Board Members to be elected times the number of voting shares held by such shareholder and such shareholder may cash all or some of his/her votes for any candidate.
Internal sources of capital are those that are- a)generated through outsiders such as suppliers
- b)generated through issue of shares
- c)generated through loan from commercial banks
- d)generated within the business
Correct answer is option 'D'. Can you explain this answer?
Internal sources of capital are those that are
a)
generated through outsiders such as suppliers
b)
generated through issue of shares
c)
generated through loan from commercial banks
d)
generated within the business
|
|
Jayant Mishra answered |
The way of classifying the sources of funds is whether the funds are generated from within the organization or from external sources of the organization. Internal sources of funds are those that are generated inside the business. A business, for example, can generate funds internally by speeding collection of receivables, disposing of surplus inventories and increasing its profit. The internal sources of funds can fulfil only limited needs of the business.
________is not legally required to publish its accounts and submit its reports.- a)Public Company
- b)Partnership
- c)Listed Company
- d)Government Company
Correct answer is option 'B'. Can you explain this answer?
________is not legally required to publish its accounts and submit its reports.
a)
Public Company
b)
Partnership
c)
Listed Company
d)
Government Company
|
|
Vikas Kapoor answered |
According to Partnership Act 1932, A Partnership Firm can be formed by two or more persons with (or) without registration of the firm. If the firm is registered with the consent of all the partners they have to publish their accounts and submit its report to the registar of firms of that particular state. In case if the firm is not registered then they don't need to submit their accounts to the legal authority.
A tiny unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than ___________- a)Rs.35 Lakhs
- b)Rs.50 Lakhs
- c)Rs.30 Lakhs
- d)Rs. 25 Lakhs
Correct answer is option 'D'. Can you explain this answer?
A tiny unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than ___________
a)
Rs.35 Lakhs
b)
Rs.50 Lakhs
c)
Rs.30 Lakhs
d)
Rs. 25 Lakhs
|
|
Sai Kulkarni answered |
A tiny industrial unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than Rs. 25 lakh.
Which of the following comes under public sector?- a)Government companies
- b)Statutory corporation
- c)Departmental undertakings
- d)All of these
Correct answer is option 'D'. Can you explain this answer?
Which of the following comes under public sector?
a)
Government companies
b)
Statutory corporation
c)
Departmental undertakings
d)
All of these
|
|
Ishan Choudhury answered |
tatuary corporation:statutay corporation are the pub. Enterprise established and governed by a special act of the parliament or by the state or central lagislature.for ex. LIC
departmental undertaking:it is established under specific ministry all activities performed by this department are integral part of the ministry.thus no independent identity. it is managed by central or state government.for ex. Railway
government companiesin this investment is done by government to start the company and if the company get profit they have to give51% in social work. and if there is loss government is liable to pay.
departmental undertaking:it is established under specific ministry all activities performed by this department are integral part of the ministry.thus no independent identity. it is managed by central or state government.for ex. Railway
government companiesin this investment is done by government to start the company and if the company get profit they have to give51% in social work. and if there is loss government is liable to pay.
Which of the following is not a feature of Joint Stock Company?- a)Artificial person
- b)Separate legal entity
- c)Formation
- d)Lack of business continuity
Correct answer is option 'D'. Can you explain this answer?
Which of the following is not a feature of Joint Stock Company?
a)
Artificial person
b)
Separate legal entity
c)
Formation
d)
Lack of business continuity
|
Maheshwar Chawla answered |
Features of Joint Stock Company
Artificial Person: A Joint Stock Company is an artificial person created by law. It has a separate legal existence from its members and can own property, enter into contracts, and sue or be sued in its own name.
Separate Legal Entity: A Joint Stock Company is a separate legal entity from its members, which means that the liability of the members is limited to the amount of their investment in the company. The company can also own property, enter into contracts, and sue or be sued in its own name.
Formation: A Joint Stock Company is formed by a process of registration with the government. The company has to comply with various legal formalities, such as filing of documents, payment of fees, and obtaining approvals from regulatory authorities.
Lack of Business Continuity: This is not a feature of a Joint Stock Company. In fact, a Joint Stock Company has perpetual succession, which means that its existence is not affected by changes in its membership. The company can continue to exist even if one or more of its members die or resign.
Conclusion:
In conclusion, the correct answer is D, lack of business continuity, as it is not a feature of a Joint Stock Company. A Joint Stock Company has perpetual succession and can continue to exist even if its members change.
Artificial Person: A Joint Stock Company is an artificial person created by law. It has a separate legal existence from its members and can own property, enter into contracts, and sue or be sued in its own name.
Separate Legal Entity: A Joint Stock Company is a separate legal entity from its members, which means that the liability of the members is limited to the amount of their investment in the company. The company can also own property, enter into contracts, and sue or be sued in its own name.
Formation: A Joint Stock Company is formed by a process of registration with the government. The company has to comply with various legal formalities, such as filing of documents, payment of fees, and obtaining approvals from regulatory authorities.
Lack of Business Continuity: This is not a feature of a Joint Stock Company. In fact, a Joint Stock Company has perpetual succession, which means that its existence is not affected by changes in its membership. The company can continue to exist even if one or more of its members die or resign.
Conclusion:
In conclusion, the correct answer is D, lack of business continuity, as it is not a feature of a Joint Stock Company. A Joint Stock Company has perpetual succession and can continue to exist even if its members change.
The form of business organization that has the largest sales volume is the:- a)partnership
- b)corporation
- c)cooperative
- d)multinational
Correct answer is option 'B'. Can you explain this answer?
The form of business organization that has the largest sales volume is the:
a)
partnership
b)
corporation
c)
cooperative
d)
multinational
|
|
Jayant Mishra answered |
CORRECT OPTION IS (B) Forms of Business OrganizationThese are the basic forms of business ownership:1. Sole ProprietorshipA sole proprietorship is a business owned by only one person. It is easy to set-up and is the least costly among all forms of ownership.The owner faces unlimited liability; meaning, the creditors of the business may go after
Which of the following contained one of the earliest applications of insurance principles?- a)Napoleonic Code
- b)Magna Carta
- c)Code of Hammurabi
- d)Charter of London
Correct answer is option 'C'. Can you explain this answer?
Which of the following contained one of the earliest applications of insurance principles?
a)
Napoleonic Code
b)
Magna Carta
c)
Code of Hammurabi
d)
Charter of London
|
Rajat Patel answered |
The Napoleonic Code (French: Code Napolon; officially Code civil referred to as (le) Code civil) is the French civil code established under Napoleon I in 1804. It was drafted by a commission of four eminent jurists and entered into force on 21 March 1804.
Outsourcing- a)Includes off shoring
- b)Includes contracting out of manufacturing and R&D as well as service processes ? both core and non-core ? but restricts only to domestic territory
- c)Restricts only to the contracting out of Information Technology Enabled Services (ITES)
- d)Restricts only to the contracting out of non-core business processes
Correct answer is option 'A'. Can you explain this answer?
Outsourcing
a)
Includes off shoring
b)
Includes contracting out of manufacturing and R&D as well as service processes ? both core and non-core ? but restricts only to domestic territory
c)
Restricts only to the contracting out of Information Technology Enabled Services (ITES)
d)
Restricts only to the contracting out of non-core business processes
|
Om Desai answered |
Outsourcing is a business practice in which a company hires another company or an individual to perform tasks, handle operations or provide services that are either usually executed by the company's own employees. In simple words outsourcing is a business practice in which services or job functions are farmed out to a third-party Outsourcing is also used by companies to dial down and focus on the core aspects of the business, spinning off the less critical operations to outside organizations.
Off Shoring means setting up of business in another country where the labor is cheap. Hence outsourcing includes off shoring which can be of either core or non-core activities o the company/business.
Off Shoring means setting up of business in another country where the labor is cheap. Hence outsourcing includes off shoring which can be of either core or non-core activities o the company/business.
Which of the following is a specific form of business organization where membership is by birth?- a)Hindu Undivided Family
- b)Sole Proprietorship
- c)Cooperative Societies
- d)Government Company
Correct answer is option 'A'. Can you explain this answer?
Which of the following is a specific form of business organization where membership is by birth?
a)
Hindu Undivided Family
b)
Sole Proprietorship
c)
Cooperative Societies
d)
Government Company
|
Priyanka Ravichandran answered |
Hindu undivided family is known as joint hindu family..... this business is managed
Which of the following business enterprises does not have a separate legal entity?- a)Sole Proprietorship
- b)Partnership
- c)Company
- d)Cooperative Society
Correct answer is option 'A'. Can you explain this answer?
Which of the following business enterprises does not have a separate legal entity?
a)
Sole Proprietorship
b)
Partnership
c)
Company
d)
Cooperative Society
|
|
Ishan Choudhury answered |
Because a sole proprietorship is a type of business operated by one individual. the business is not considered a separate legal entity from its owner. its is profits and losses are included on the individual's personal tax return, and the owner has personal liability for business debts and lawsuits.
The life of sole proprietorship business is ___________- a)Very short life
- b)Stable
- c)Long life
- d)Unstable
Correct answer is option 'D'. Can you explain this answer?
The life of sole proprietorship business is ___________
a)
Very short life
b)
Stable
c)
Long life
d)
Unstable
|
Naveen Choudhary answered |
The life of sole proprietorship business is unstable.
Explanation:
A sole proprietorship is a type of business where an individual owns and operates the business. The life of a sole proprietorship business is dependent on several factors, such as the owner's skills, business strategies, economic conditions, and competition in the market. Here are some reasons why the life of sole proprietorship business is unstable:
1. Unlimited Liability: In a sole proprietorship, the owner is personally liable for all the debts and obligations of the business. If the business incurs a substantial loss, the owner may have to liquidate their personal assets to pay off the debts. This can lead to the closure of the business.
2. Lack of Continuity: A sole proprietorship business is dependent on the owner's skills and knowledge. If the owner becomes ill or dies, the business may not continue to operate. This lack of continuity can lead to the closure of the business.
3. Limited Resources: Sole proprietorship businesses often have limited resources compared to larger companies. This can make it challenging to compete with larger companies or expand the business. If the business cannot survive in the market, it may have to close down.
4. Limited Access to Capital: Sole proprietorship businesses may find it challenging to raise capital for investments or expansion. Banks may be hesitant to lend money to small businesses with uncertain futures, making it difficult for the business to grow.
5. Increased Competition: Sole proprietorship businesses may face increased competition in the market. If the business cannot compete with other companies, it may have to close down.
These factors make the life of sole proprietorship business unstable, and the business may not survive for a long time.
Explanation:
A sole proprietorship is a type of business where an individual owns and operates the business. The life of a sole proprietorship business is dependent on several factors, such as the owner's skills, business strategies, economic conditions, and competition in the market. Here are some reasons why the life of sole proprietorship business is unstable:
1. Unlimited Liability: In a sole proprietorship, the owner is personally liable for all the debts and obligations of the business. If the business incurs a substantial loss, the owner may have to liquidate their personal assets to pay off the debts. This can lead to the closure of the business.
2. Lack of Continuity: A sole proprietorship business is dependent on the owner's skills and knowledge. If the owner becomes ill or dies, the business may not continue to operate. This lack of continuity can lead to the closure of the business.
3. Limited Resources: Sole proprietorship businesses often have limited resources compared to larger companies. This can make it challenging to compete with larger companies or expand the business. If the business cannot survive in the market, it may have to close down.
4. Limited Access to Capital: Sole proprietorship businesses may find it challenging to raise capital for investments or expansion. Banks may be hesitant to lend money to small businesses with uncertain futures, making it difficult for the business to grow.
5. Increased Competition: Sole proprietorship businesses may face increased competition in the market. If the business cannot compete with other companies, it may have to close down.
These factors make the life of sole proprietorship business unstable, and the business may not survive for a long time.
In a cooperative society the principle followed is- a)No vote
- b)One man one vote
- c)One share one vote
- d)Multiple votes
Correct answer is option 'B'. Can you explain this answer?
In a cooperative society the principle followed is
a)
No vote
b)
One man one vote
c)
One share one vote
d)
Multiple votes
|
|
Vikas Kapoor answered |
One man one vote principle is followed by cooperative society. Cooperative society is established for social welfare. So it does not follow such rules that are based on wealth.As our country's construction says one man one vote is followed by cooperative society.
This a MCQ (Multiple Choice Question) based practice test of Chapter 3 - Public Private and Global Enterprises of Business Studies of Class XI (11) for the quick revision/preparation of School Board examinationsQ A government company is any company in which the paid up capital held by the government is not less than- a)49 per cent
- b)51 per cent
- c)50 per cent
- d)25 per cent
Correct answer is option 'B'. Can you explain this answer?
This a MCQ (Multiple Choice Question) based practice test of Chapter 3 - Public Private and Global Enterprises of Business Studies of Class XI (11) for the quick revision/preparation of School Board examinations
Q A government company is any company in which the paid up capital held by the government is not less than
a)
49 per cent
b)
51 per cent
c)
50 per cent
d)
25 per cent
|
Nipun Tuteja answered |
B: 51 per cent
- A government company is any company in which the paid-up capital held by the government is not less than 51 per cent.
- This means that the government must hold at least 51% of the total shares or paid-up capital of the company to be classified as a government company.
- Such companies are considered to be part of the public sector and are subject to government control and ownership.
_________ greatly facilitates and speeds up the entire B2C process.- a)b-commerce
- b)e-commerce
- c)e-banking
- d)None of these
Correct answer is option 'B'. Can you explain this answer?
_________ greatly facilitates and speeds up the entire B2C process.
a)
b-commerce
b)
e-commerce
c)
e-banking
d)
None of these
|
|
Aryan Khanna answered |
B2C marketing is best defined as the approach to selling goods, products, or services to consumers for use in their everyday lives.
It is definitely true that E-commerce facilitates the B2C marketing into speeding up the process as the customers can get their essentials and other products delivered at their doorsteps. It saves customers’ time and energy.
It is definitely true that E-commerce facilitates the B2C marketing into speeding up the process as the customers can get their essentials and other products delivered at their doorsteps. It saves customers’ time and energy.
ADRs are issued in- a)China
- b)India
- c)Canada
- d)USA
Correct answer is option 'D'. Can you explain this answer?
ADRs are issued in
a)
China
b)
India
c)
Canada
d)
USA
|
|
Rajat Patel answered |
An American depositary receipt (ADR) is a negotiable certificate issued by a U.S. bank representing a specified number of shares (or one share) in a foreign stock traded on a U.S. exchange.
A cheque in circulation for more than six months is called- a)crossed cheque
- b)Ordinary cheque
- c)Stale cheque
- d)Post dated cheque
Correct answer is option 'C'. Can you explain this answer?
A cheque in circulation for more than six months is called
a)
crossed cheque
b)
Ordinary cheque
c)
Stale cheque
d)
Post dated cheque
|
|
Arun Yadav answered |
A state cheque is a cheque which has to presented to the bank after six or more then 6 months after the cheque was written.
Chapter doubts & questions for Business Studies (BST) Class 11 - Online MCQ Tests for Commerce 2025 is part of Commerce exam preparation. The chapters have been prepared according to the Commerce exam syllabus. The Chapter doubts & questions, notes, tests & MCQs are made for Commerce 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests here.
Chapter doubts & questions of Business Studies (BST) Class 11 - Online MCQ Tests for Commerce in English & Hindi are available as part of Commerce exam.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
|
© EduRev
|
Education Revolution
|
|
Signup on EduRev and stay on top of your study goals
10M+ students crushing their study goals daily