
XII – ISC [2021-2022] SUBJECT – COMMERCE
Quiz by shyamala rani
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1. The minimum amount to be remitted through RTGS IS _____
2. RTGS is available 24 x 7 x 365 with effect from____
3. Which of the following is not a features of RTGS?
4. Control system of an organisation has no influence over the _____________.
5. Allotment of work to each worker on the basis of the capacity of an average worker functioning in the normal working condition is_____________.
6. The most appropriate statement with reference to the electronic fund transfer through NEFT is :
7. Planning lays down the overall objective, strategies and polices for the total enterprise is ___________.
8. A chronological sequence of steps to be undertaken to enforce a policy and to attain an objective is known as ___________.
9. Which information is not required for remitting funds through NEFT system?
10. A statement of expected results expressed in numerical terms for a definite period of time in the future is known as ____________.
11. Which of the following is not included in Borrowed funds?
12. Which source of finance leads to dilution of management control over the business?
13. Which of the following is wrong?
14. Henry Fayol was a French__________________.
15. Which of the following is not the feature of E-banking?
16. Net working capital refers to:
17. If an organisation collaborates with another organisation, then it requires
18. Those shares which are issued out of accumulated or undistributed profits of the company, free of cost, to the existing shareholders, is called_____
19. Requirement of Less working capital is in case of ________
20. Requirement of more working capital is in case of ______
21. Under the factoring arrangement, the factor:
22. Which is the source of mid-term finance?
23. Rohan works as a production manager in Global Enterprises Limited. He has been given the task of getting 1000 units of hand-woven table mats manufactured at the cost of ₹150 per unit within 10 days.In order to be acknowledged as an effective manager, he must ensure that
24. Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Identify the feature of management being highlighted in the given statement.
25. Management is equally important to run apolitical organisation as it is to run an economic organisation. Which feature of management is being reflected in the given statement?
26. Which of the following is not an organizational objective of management?
27. Management is considered to be an art because
28. The principles of Taylor and Fayol are mutually complementary. One believed that management should share the gains with the workers while the other suggested that employees’ compensation should depend on the earning capacity of the company and should give them a reasonable standard of living.
Identify the principles of Fayol and Taylor referred to in the above paragraph.
29. Nikita and Salman completed their MBA and started working in a multinational company at the same level. Both of them worked hard and were happy with their employer. Salman had the habit of back-biting and wrong reporting about his colleagues to impress his boss. All the employees in the organisation knew about it. At the time of performance appraisal, the performance of Nikita was judged to be better than Salman. Even then their boss, Mohammed Sharif, decided to promote Salman stating that being a female, Nikita would not be able to handle the complications of a higher post.Identify the principle of management, which was not followed by this,multinational company.
30. Rajveer works as a plant superintendent in a carpet making factory. In order to complete the export orders on time, the production manager asks him to make the workers work overtime whereas the finance manager is strictly against this practice because it will increase the cost of production. Moreover, Rajveer feels that since the company is manufacturing handmade carpets as well as machine made carpets there is a lot of overlapping of activities. Therefore, there should be two separate divisions for both of them wherein each division should have its own in charge, plans and execution resources. Identify the principle of management which is being violated.
31. Rajender has been running a success full business of manufacturing traditional wedding wear for women including sarees and lehengas. His friend Surinder who is engaged in the business of providing web designing solutions to his clients, suggests him to explore the option of selling his products online. Rajender agrees to his suggestion and decides to venture into online business, keeping in view the various e-commerce regulations in order to avoid imposition of any penalty. In order to facilitate the sale of his products, Rajender decides to offer multiple payment options such as cash on delivery, credit or debit card transactions, net banking to the buyers etc.Identify the two different types of plans mentioned in the above paragraph that relate to the online portal that Rajinder intends to start by quoting lines from the paragraph.
32. The arrangement to demonetize the ? 500 and ?1000 bank notes began six to ten months prior to the public announcement and was kept highly confidential. The cabinet was informed about the demonetisation on 8th November 2016 in a meeting called by the Prime Minister of India, Narendra Modi. This was followed by Modi’s public announcement about the demonetisation in a televised address where he announced that currency notes with the denomination of? 500 and ? 1000 would cease to be the legal tender from 9th of November 2016. The most interesting thing regarding the demonetisation is that people were devising various unique ways for transforming their black money in to white one by depositing money in the accounts of their poor relatives and friends, converting black money in to gold, paying a few months salaries in advance and so on.In context of the above case:
Identify and explain the types of plans being discussed in the above lines with regard to demonetisation.
33. Just after declaration of Lok Sabha Elections 2014 results, the Bombay stock
exchange’s price index (Sen sex) rose by 1000 points in a day. Identify the environmental factor which led to this rise.
34. The court passed an order that all schools must have water purifier for the school
children as
1. Society in general is more concerned about quality of life.
2.Innovative techniques are being developed to manufacture water purifier at
competitive rates. Identify the types of environment mentioned in the above case.
35. Which among the following sources of finance has an advantage of tax-deductible form [1] investors point of view [2]companies’ point of view?
36. Which component of business environment requires that advertisements of baby food
must necessarily inform the potential buyers that mother’s milk is the best?
37. The Court passed an order to ban polythene bags as
1. The bags are creating many environmental problems which affect the life of people in general.
2. Society in general is more concerned about quality of life.
3. The Government decided to give subsidy to jute industry to promote this business.
4. Innovative techniques are being developed to manufacture jute bags at low rates.
Identify in order the different dimensions of Business Environment by quoting the lines from the above particulars.
38. It is interesting to know that the menu items of the multinational food chains are
customized to suit the general palates of the local people in the region. When McDonald’s started its business in India in the year 1996, the company went through a complete localization strategy. McDonald’s changed its product menu to accommodate the vegetable burger given the large vegetarian population. It also altered its store design and even reduced the product price by close to fifteen per cent. Also, the “McAloo Tikki burger” is not available anywhere but in the Indian outlets of McDonalds. Identify the relevant feature of business environment being discussed above.
39. Pakka employment is a company which takes care of the fact that the confidence of the employees should always be at it speak. For this reason they give surety to their employees for employment for a minimum fixed tenure of time. Which principle of management is followed here?
40. A production manager at top level in a reputed corporate. Mr. Rathore holds the responsibility for ordering raw material for the firm. While deciding on the supplier for the financial year 2020-21, he gave the order to his cousin at a higher price per unit instead of the firm's usual supplier who was willing to lower the rates for the order. Which principle of management was violated by Mr. Rathore?