XII – ISC [2021-2022] SUBJECT – COMMERCE MCQs - PAPER –8
Quiz by shyamala rani
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
- Q1
1. A credit which is extended bysellers to buyers at all levels of the production and distribution process down to the retailer. A credit usually granted for a period of 15 days to 3 months
C. CUSTOMERS CREDIT
D. CASH CREDIT
A. TRADE CREDIT
B. INSTALMENT CREDIT
30s - Q2
2. Working capital is also known as .........
A. Block capital
C. Circulating capital
D. Short term capital
B. Debt capital
30s - Q3
3 . ICICI and IDBI are some of the well-known ...... banks in the country.
D . Development Bank
C. ICICI and IDBI are some of the well-known ...... banks in the country.
A. Central Bank
B. Specialized Bank
30s - Q4
4. This type of term loan is provided by the ....... Bank where the bank advances fixed amount in lump sum to the borrower for a specified period.
B. Cmercial Banks
A. Regional Rural Banks
C. Central Bank
D. Development Bank
30s - Q5
5. Which is a benefit of electronic funds transfer?
C. Costly
A. Safety and Convenience
D. Lengthy process
B. Time consuming
30s - Q6
6. This system originated when banks were not well developed in India.
A. Cash credit
B. Commercial banks
D. Financial institutions
C. Public deposit
30s - Q7
7. one of the features of preference shareholders is that
D. residual claimant of the company
B. capital repaid in the event of winding up of thecompany
C. enjoys voting rights
A. carries no preferential rights
30s - Q8
8. In which year, Electronic Fund transfer was launched in India?
A. 1994
C. 1999
D. 2000
B. 1995
30s - Q9
9. One of the advantages of the equity shares form the company pointis that
A. Liability of the equity share holder is unlimited
D. No charge on assets
C. Enjoy voting rights
B. During boom period shareholder earns capital gains
30s - Q10
10. The ATM pin is ______ digit code number used for authentication and authorizing the use of the ATM facility by a customer.
d. Three
c. Seven
b. Five
a. Four
30s - Q11
11. This type of shares are issued by the company to employees or directors at a discount rate or for providing know-how or making available intellectual property rights.
A. EMPLOYEE STOCK OPTION PLANS
B. RIGHT ISSUE
C. SWEAT EQUITY SHARES
D. RETAINED EARNINGS
30s - Q12
12. What is the major function performed by ATMs worldwide?
c. Mini-statement facility
a. Passbook update facility
b. Cash withdrawal
d. Fund transfer facility
30s - Q13
13. It is one of the equal parts into which the capital of a companyis divided.
D. Borrowed capital
A. Share
C. Preference share
B. Equity share
30s - Q14
14. Method of Production, Diversity of product lines, IntangibleAssets are the factors which determines..... capital of an enterprise
C. Fixed capital
B. Revolving capital
A. Long term capital
D. Working capital
30s - Q15
15. Credit cards first emerged in 1920s in
d. UK
b. China
c. USA
a. India
30s