Question

SAI MILLENNIUM SR.SEC.SCHOOL
NEHTAUR (BIJNOR)
CLASS : XI
SUBJECT: BUSINESS STUDIES
Mid Term Exam (2020-2021)
Total Marks :50
Time(Minutes) : 120
Q.1 In which economic activity rendering of personalized expert service
is required
a. Profession b. Business c. Employment d. Trade
Q.2 In which economic activity transfer of interest is not possible
a. Trade
b. Employment c. Business d. Industry
Q.3- Which is not a feature of sole proprietorship,
a) Unlimited liability
b) Ease of formation
c) limited managerial ability d) Quick decision making
Q.4 What is the size of minimum subscription as per SEBI?
a)90%
b)92 c)85%
d)80%
Q.5The directors take all decisions on behalf of the shareholders, keeping in
mind their own benefit. Identify the demerit stated above.
a) Delay in decision making
b) numerous regulations
c) Lack of secrecy
d) oligarchic management
Q.6 Minimum members to form a public co.is
a)2
b)7
c)50
d)1
Q7. The principle of insurance wherein insured is not allowed to make any
profit.
a) Insurable Interest
b) Proximate Cause
c) Subrogation
d) Utmost Good Faith
Q8. If a person has insured for Rs 4,00,000. A fire broke out and the actual
amount of loss amounted to Rs 2, 50,000. How much amount can he claim:
a. 4,00,000. b. 2,00.000 C. 2.50.000 d. None of the above
Q.9. An organization must behave as a good citizen. This is an example of
the responsibility towards:
a. Owners b. workers C. Society d. Goverment
Q.10 Which of the following refers to the code or system for controlling
means to serve human ends?
a)Ethics b) Values C)Traditions
d)Policy​

Answer 1

Answer:

1 is A, 2 is d, 3 c, 4 b, 5 A, 6 C, 7 b, 8 d, 9 b,

Explanation:

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